Computer Forms Correlations

8044 Stock

0.10 0.01 9.09%

The current 90-days correlation between Computer Forms Bhd and Kobay Tech Bhd is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Computer Forms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Computer Forms Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Computer Forms Correlation With Market

Significant diversification

The correlation between Computer Forms Bhd and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Computer Forms Bhd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Computer Stock

0.61	0011	Brite Tech Bhd	Pair Corr
0.63	2836	Carlsberg Brewery	Pair Corr
0.71	4707	Nestle Bhd	Pair Corr
0.65	4162	British American Tobacco	Pair Corr

Moving against Computer Stock

0.53	5259	EA Technique M	Pair Corr
0.47	3255	Heineken Bhd	Pair Corr
0.45	0104	Genetec Technology Bhd	Pair Corr
0.35	3026	Dutch Lady Milk	Pair Corr
0.33	7100	Uchi Technologies Bhd	Pair Corr

Related Correlations Analysis

	6971	0277	0195	5204	7107	6432	9148	0089
6971		0.35	0.18	0.3	0.3	0.08	0.31	0.73	6971
0277	0.35		-0.54	0.65	-0.34	0.52	-0.09	0.23	0277
0195	0.18	-0.54		-0.43	0.75	-0.65	0.04	0.13	0195
5204	0.3	0.65	-0.43		-0.16	0.56	0.12	0.34	5204
7107	0.3	-0.34	0.75	-0.16		-0.48	0.35	0.28	7107
6432	0.08	0.52	-0.65	0.56	-0.48		-0.3	0.32	6432
9148	0.31	-0.09	0.04	0.12	0.35	-0.3		0.19	9148
0089	0.73	0.23	0.13	0.34	0.28	0.32	0.19		0089
	6971	0277	0195	5204	7107	6432	9148	0089

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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

7107	+ 0.75	0195
0089	+ 0.73	6971
5204	+ 0.65	0277
6432	+ 0.56	5204
6432	+ 0.52	0277
0277	+ 0.35	6971

High negative correlations

6432	- 0.65	0195
0195	- 0.54	0277
6432	- 0.48	7107
5204	- 0.43	0195
7107	- 0.34	0277
9148	- 0.3	6432

Risk-Adjusted Indicators

There is a big difference between Computer Stock performing well and Computer Forms 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 Computer Forms' 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
6971	2.11	0.00	0.00	(0.01)	2.36	(2.91)	5.51	(5.10)	15.02
0277	1.94	0.01	0.01	0.07	2.36	(2.58)	4.21	(3.53)	19.07
0195	1.43	(0.37)	0.00	(0.59)	0.00	0.00	5.26	(5.26)	11.44
5204	2.22	0.00	0.00	(0.03)	2.28	(4.91)	3.23	(3.12)	21.51
7107	1.36	(0.11)	0.00	0.67	0.00	0.00	2.50	(2.45)	8.39
6432	0.69	0.11	0.13	(1.40)	0.55	(1.38)	1.67	(1.44)	10.16
9148	0.42	(0.03)	0.00	5.38	0.00	0.00	1.59	(1.56)	7.91
0089	0.92	0.01	0.02	(0.06)	0.98	(2.19)	3.85	(1.82)	10.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Computer Forms 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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