Kawan Food Correlations
| 7216 Stock | 1.40 0.02 1.41% |
The current 90-days correlation between Kawan Food Bhd and Senheng New Retail is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kawan Food moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kawan Food Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Kawan Food Correlation With Market
Average diversification
The correlation between Kawan Food Bhd and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kawan Food Bhd and DJI in the same portfolio, assuming nothing else is changed.
Kawan |
The ability to find closely correlated positions to Kawan Food could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kawan Food 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 Kawan Food - 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 Kawan Food Bhd to buy it.
Moving together with Kawan Stock
| 0.95 | 4162 | British American Tobacco | PairCorr |
| 0.63 | 5306 | FARM FRESH BERHAD | PairCorr |
| 0.79 | 7107 | Oriental Food Industries | PairCorr |
| 0.94 | 0201 | Nova Wellness Group | PairCorr |
| 0.8 | 5183 | Petronas Chemicals | PairCorr |
| 0.64 | 5168 | Hartalega Holdings Bhd | PairCorr |
| 0.85 | 7153 | Kossan Rubber Industries | PairCorr |
Moving against Kawan Stock
| 0.84 | 1066 | RHB Bank Bhd | PairCorr |
| 0.73 | 1155 | Malayan Banking Bhd | PairCorr |
| 0.51 | 6432 | Apollo Food Holdings | PairCorr |
| 0.45 | 5222 | FGV Holdings Bhd | PairCorr |
| 0.45 | 5819 | Hong Leong Bank | PairCorr |
| 0.37 | 1295 | Public Bank Bhd | PairCorr |
Related Correlations Analysis
| 0.86 | -0.88 | -0.46 | 0.36 | 0.69 | 5183 | ||
| 0.86 | -0.78 | -0.27 | 0.6 | 0.74 | 5305 | ||
| -0.88 | -0.78 | 0.52 | -0.3 | -0.61 | 1155 | ||
| -0.46 | -0.27 | 0.52 | -0.03 | -0.26 | 8052 | ||
| 0.36 | 0.6 | -0.3 | -0.03 | 0.67 | 0250 | ||
| 0.69 | 0.74 | -0.61 | -0.26 | 0.67 | 0195 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Kawan Stock performing well and Kawan Food 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 Kawan Food'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5183 | 1.74 | (0.44) | 0.00 | 1.63 | 0.00 | 2.72 | 21.72 | |||
| 5305 | 2.81 | (0.24) | 0.00 | 0.47 | 0.00 | 5.00 | 16.39 | |||
| 1155 | 0.54 | 0.05 | 0.18 | 8.93 | 0.47 | 1.38 | 4.10 | |||
| 8052 | 0.55 | 0.02 | 0.06 | 0.07 | 0.63 | 1.15 | 6.92 | |||
| 0250 | 1.15 | 0.00 | 0.02 | (0.09) | 1.63 | 4.35 | 8.89 | |||
| 0195 | 1.87 | (0.38) | 0.00 | 2.96 | 0.00 | 5.88 | 12.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kawan Food 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.Did you try this?
Run Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |