Teo Seng Correlations

7252 Stock

1.08 0.02 1.82%

The current 90-days correlation between Teo Seng Capital and Malayan Banking Bhd is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Teo Seng moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teo Seng Capital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Teo Seng Correlation With Market

Significant diversification

The correlation between Teo Seng Capital and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teo Seng Capital and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Teo Stock

0.48	9008	Omesti Bhd	Pair Corr
0.46	0104	Genetec Technology Bhd	Pair Corr
0.4	7232	Resintech Bhd	Pair Corr
0.4	5168	Hartalega Holdings Bhd	Pair Corr
0.4	0126	Microlink Solutions Bhd	Pair Corr
0.36	0166	Inari Amertron Bhd	Pair Corr
0.35	5292	Uwc Bhd	Pair Corr
0.32	0075	Lyc Healthcare Bhd	Pair Corr
0.31	5162	ECS ICT Bhd	Pair Corr

Related Correlations Analysis

	1155	1295	5183	5347	5225	5819	8869	6033	3816
1155		0.12	0.75	0.72	0.19	0.55	0.0	0.08	0.63	1155
1295	0.12		0.33	0.13	-0.17	0.31	0.59	0.29	0.24	1295
5183	0.75	0.33		0.5	0.2	0.55	0.48	0.13	0.4	5183
5347	0.72	0.13	0.5		-0.06	0.44	-0.15	0.26	0.64	5347
5225	0.19	-0.17	0.2	-0.06		0.19	0.08	-0.21	-0.14	5225
5819	0.55	0.31	0.55	0.44	0.19		0.3	0.51	0.41	5819
8869	0.0	0.59	0.48	-0.15	0.08	0.3		0.23	0.04	8869
6033	0.08	0.29	0.13	0.26	-0.21	0.51	0.23		0.23	6033
3816	0.63	0.24	0.4	0.64	-0.14	0.41	0.04	0.23		3816
	1155	1295	5183	5347	5225	5819	8869	6033	3816

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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

5183	+ 0.75	1155
5347	+ 0.72	1155
3816	+ 0.64	5347
3816	+ 0.63	1155
8869	+ 0.59	1295
5819	+ 0.55	1155

High negative correlations

6033	- 0.21	5225
5225	- 0.17	1295
8869	- 0.15	5347
3816	- 0.14	5225
5225	- 0.06	5347
8869	- 0.0	1155

Risk-Adjusted Indicators

There is a big difference between Teo Stock performing well and Teo Seng 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 Teo Seng'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
1155	0.52	(0.10)	0.00	(0.71)	0.00	0.00	0.99	(1.18)	2.66
1295	0.81	(0.03)	0.00	(0.15)	0.00	0.00	1.79	(1.74)	6.79
5183	1.48	(0.18)	0.00	(0.73)	0.00	0.00	3.00	(3.45)	10.88
5347	0.89	(0.01)	(0.02)	(0.27)	1.13	(1.09)	2.13	(2.10)	5.63
5225	0.63	0.02	0.00	(0.34)	0.94	(0.75)	1.37	(1.40)	6.76
5819	0.54	(0.06)	0.00	(0.52)	0.00	0.00	0.98	(1.30)	3.52
8869	1.29	0.00	(0.01)	0.01	1.57	(1.66)	3.67	(3.38)	10.00
6033	0.39	(0.03)	0.00	(0.15)	0.00	0.00	0.92	(0.93)	2.86
3816	0.80	(0.11)	0.00	(0.58)	0.00	0.00	1.61	(2.03)	6.39

Teo Seng Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Teo Seng stock to make a market-neutral strategy. Peer analysis of Teo Seng could also be used in its relative valuation, which is a method of valuing Teo Seng by comparing valuation metrics with similar companies.

Malayan Banking Bhd Public Bank Bhd Petronas Chemicals Group Tenaga Nasional Bhd IHH Healthcare Bhd Hong Leong Bank Press Metal Bhd Petronas Gas Bhd MISC Bhd American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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