Provision Information Correlations

6590 Stock

TWD 78.70 0.80 1.01%

The current 90-days correlation between Provision Information and SS Healthcare Holding is -0.05 (i.e., Good diversification). The correlation of Provision Information 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.

Provision Information Correlation With Market

Good diversification

The correlation between Provision Information CoLtd and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Provision Information CoLtd and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Provision Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Provision Information 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 Provision Information - 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 Provision Information CoLtd to buy it.

Moving together with Provision Stock

0.73	5211	Penpower Technology	Pair Corr
0.86	2002	China Steel Corp	Pair Corr

Moving against Provision Stock

0.89	5263	Brogent Technologies	Pair Corr
0.83	2330	Taiwan Semiconductor	Pair Corr
0.78	6231	Insyde Software	Pair Corr
0.78	0050	YuantaP shares Taiwan	Pair Corr
0.78	0053	YuantaP shares Taiwan	Pair Corr
0.75	0057	Fubon MSCI Taiwan	Pair Corr
0.65	2317	Hon Hai Precision	Pair Corr
0.47	2002A	China Steel Corp	Pair Corr

Related Correlations Analysis

	4198	5604	8104	6146	2707	8462	1736	2736
4198		0.09	0.09	0.19	-0.2	-0.11	-0.16	0.21	4198
5604	0.09		-0.1	-0.03	-0.3	-0.41	-0.63	0.35	5604
8104	0.09	-0.1		0.28	-0.22	-0.06	0.11	-0.31	8104
6146	0.19	-0.03	0.28		0.24	0.11	-0.03	0.26	6146
2707	-0.2	-0.3	-0.22	0.24		0.79	0.37	0.0	2707
8462	-0.11	-0.41	-0.06	0.11	0.79		0.35	-0.27	8462
1736	-0.16	-0.63	0.11	-0.03	0.37	0.35		-0.33	1736
2736	0.21	0.35	-0.31	0.26	0.0	-0.27	-0.33		2736
	4198	5604	8104	6146	2707	8462	1736	2736

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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

8462	+ 0.79	2707
1736	+ 0.37	2707
2736	+ 0.35	5604
1736	+ 0.35	8462
6146	+ 0.28	8104
2736	+ 0.26	6146

High negative correlations

1736	- 0.63	5604
8462	- 0.41	5604
2736	- 0.33	1736
2736	- 0.31	8104
2707	- 0.3	5604
2736	- 0.27	8462

Risk-Adjusted Indicators

There is a big difference between Provision Stock performing well and Provision Information 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 Provision Information'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
4198	1.59	0.02	0.01	0.07	1.77	(2.42)	4.58	(3.13)	11.45
5604	0.52	(0.05)	0.00	(0.24)	0.00	0.00	1.01	(1.07)	10.81
8104	1.85	(0.26)	0.00	0.63	0.00	0.00	4.82	(3.42)	11.89
6146	0.87	0.01	0.01	0.12	1.07	(0.98)	1.75	(1.94)	5.77
2707	0.90	0.17	0.17	4.91	0.71	(1.24)	1.90	(1.61)	7.44
8462	1.22	0.24	0.15	(0.51)	1.27	(1.69)	2.72	(2.27)	15.11
1736	2.58	0.02	0.01	(0.08)	2.98	(2.96)	6.37	(4.22)	14.04
2736	1.99	0.12	0.05	(0.60)	2.10	(2.66)	9.81	(4.04)	15.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in Provision Information 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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