TUL Correlations

6150 Stock

TWD 73.60 0.10 0.14%

The current 90-days correlation between TUL Corporation and Compal Broadband Networks is 0.16 (i.e., Average diversification). The correlation of TUL is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

TUL Correlation With Market

Significant diversification

The correlation between TUL Corp. and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TUL Corp. and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to TUL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TUL when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TUL - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TUL Corporation to buy it.

Moving together with TUL Stock

0.63	6154	Sunfar Computer	Pair Corr
0.69	2412	Chunghwa Telecom	Pair Corr
0.7	6505	Formosa Petrochemical	Pair Corr
0.69	1303	Nan Ya Plastics	Pair Corr
0.69	1301	Formosa Plastics Corp	Pair Corr
0.82	0051	YuantaP shares Taiwan	Pair Corr

Moving against TUL Stock

0.65	2308	Delta Electronics	Pair Corr
0.39	2330	Taiwan Semiconductor	Pair Corr

Related Correlations Analysis

	2412	6674	2851	8101	2414	3416	3147	4171
2412		0.15	0.82	0.04	0.74	0.21	0.59	-0.39	2412
6674	0.15		0.05	0.58	0.35	-0.08	-0.01	-0.02	6674
2851	0.82	0.05		0.15	0.88	-0.1	0.55	-0.45	2851
8101	0.04	0.58	0.15		0.41	-0.28	-0.35	0.13	8101
2414	0.74	0.35	0.88	0.41		-0.22	0.45	-0.37	2414
3416	0.21	-0.08	-0.1	-0.28	-0.22		0.29	0.37	3416
3147	0.59	-0.01	0.55	-0.35	0.45	0.29		-0.25	3147
4171	-0.39	-0.02	-0.45	0.13	-0.37	0.37	-0.25		4171
	2412	6674	2851	8101	2414	3416	3147	4171

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

2414	+ 0.88	2851
2851	+ 0.82	2412
2414	+ 0.74	2412
3147	+ 0.59	2412
8101	+ 0.58	6674
3147	+ 0.55	2851

High negative correlations

4171	- 0.45	2851
4171	- 0.39	2412
4171	- 0.37	2414
3147	- 0.35	8101
3416	- 0.28	8101
4171	- 0.25	3147

Risk-Adjusted Indicators

There is a big difference between TUL Stock performing well and TUL Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze TUL's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
2412	0.36	0.05	0.22	1.52	0.28	(0.53)	0.80	(0.41)	2.39
6674	1.09	(0.17)	0.00	2.06	0.00	0.00	2.12	(2.00)	7.56
2851	0.50	0.10	0.27	(0.67)	0.42	(0.66)	1.05	(0.97)	5.57
8101	3.06	(0.52)	0.00	0.82	0.00	0.00	6.77	(9.84)	19.11
2414	0.53	0.05	0.08	0.10	1.06	(0.54)	1.24	(1.21)	5.44
3416	1.73	0.02	0.03	0.01	2.01	(2.05)	5.26	(3.65)	11.38
3147	2.76	0.38	0.16	(0.63)	2.86	(3.19)	6.91	(4.74)	18.36
4171	1.31	(0.10)	0.00	(0.27)	0.00	0.00	2.30	(3.55)	9.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in TUL without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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