AMPACS Corp Correlations

6743 Stock

TWD 41.65 1.05 2.46%

The current 90-days correlation between AMPACS Corp and Symtek Automation Asia is -0.01 (i.e., Good diversification). The correlation of AMPACS Corp 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.

AMPACS Corp Correlation With Market

Modest diversification

The correlation between AMPACS Corp and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AMPACS Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AMPACS Stock

0.78	6412	Chicony Power Technology	Pair Corr
0.83	2439	Merry Electronics	Pair Corr
0.91	1614	Taiwan Sanyo Electric	Pair Corr
0.9	2497	E Lead Electronic	Pair Corr
0.96	1558	Zeng Hsing Industrial	Pair Corr
0.63	2464	Mirle Automation Corp	Pair Corr
0.64	2412	Chunghwa Telecom	Pair Corr
0.66	5871	Chailease Holding	Pair Corr
0.83	6505	Formosa Petrochemical	Pair Corr

Moving against AMPACS Stock

0.79	2454	MediaTek	Pair Corr
0.75	0050	YuantaP shares Taiwan	Pair Corr
0.74	5283	Heran	Pair Corr
0.72	2330	Taiwan Semiconductor	Pair Corr
0.69	0057	Fubon MSCI Taiwan	Pair Corr
0.57	2317	Hon Hai Precision	Pair Corr
0.53	0053	YuantaP shares Taiwan	Pair Corr
0.43	2308	Delta Electronics	Pair Corr

Related Correlations Analysis

	6412	5371	9945	6438	5245	3034	3058	3152	9933	6118
6412		0.55	0.52	-0.75	0.73	0.63	0.59	0.43	0.78	-0.24	6412
5371	0.55		0.0	-0.35	0.21	0.25	0.01	0.69	0.21	0.14	5371
9945	0.52	0.0		-0.41	0.69	0.6	0.75	0.12	0.71	0.04	9945
6438	-0.75	-0.35	-0.41		-0.58	-0.59	-0.58	-0.25	-0.8	0.45	6438
5245	0.73	0.21	0.69	-0.58		0.75	0.78	0.2	0.83	-0.01	5245
3034	0.63	0.25	0.6	-0.59	0.75		0.7	0.09	0.86	-0.01	3034
3058	0.59	0.01	0.75	-0.58	0.78	0.7		-0.09	0.85	-0.19	3058
3152	0.43	0.69	0.12	-0.25	0.2	0.09	-0.09		0.1	0.23	3152
9933	0.78	0.21	0.71	-0.8	0.83	0.86	0.85	0.1		-0.26	9933
6118	-0.24	0.14	0.04	0.45	-0.01	-0.01	-0.19	0.23	-0.26		6118
	6412	5371	9945	6438	5245	3034	3058	3152	9933	6118

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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

9933	+ 0.86	3034
9933	+ 0.85	3058
9933	+ 0.83	5245
9933	+ 0.78	6412
3058	+ 0.78	5245
3058	+ 0.75	9945

High negative correlations

9933	- 0.8	6438
6438	- 0.75	6412
3034	- 0.59	6438
3058	- 0.58	6438
5245	- 0.58	6438
6438	- 0.41	9945

Risk-Adjusted Indicators

There is a big difference between AMPACS Stock performing well and AMPACS Corp 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 AMPACS Corp'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
6412	1.47	(0.03)	(0.05)	(0.02)	1.67	(2.03)	4.07	(3.32)	14.14
5371	1.69	0.01	(0.01)	0.11	2.01	(2.15)	4.48	(3.38)	13.51
9945	0.94	(0.04)	0.00	(0.28)	0.00	0.00	1.56	(2.24)	7.35
6438	2.74	0.67	0.21	3.22	2.11	(3.67)	9.79	(3.99)	17.42
5245	1.47	(0.09)	0.00	0.76	0.00	0.00	2.89	(3.44)	14.50
3034	1.02	(0.15)	0.00	(0.74)	0.00	0.00	1.91	(2.55)	6.30
3058	1.36	(0.19)	0.00	2.71	0.00	0.00	2.79	(2.89)	8.09
3152	2.04	0.26	0.05	(0.32)	1.86	(2.61)	4.76	(2.95)	12.61
9933	0.64	(0.25)	0.00	1.12	0.00	0.00	1.53	(1.67)	3.64
6118	1.98	0.35	0.14	1.21	1.77	(2.56)	5.38	(3.35)	14.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in AMPACS Corp 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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