Alcor Micro Correlations

8054 Stock

TWD 101.50 6.50 6.84%

The current 90-days correlation between Alcor Micro and C Media Electronics is -0.1 (i.e., Good diversification). The correlation of Alcor Micro 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.

Alcor Micro Correlation With Market

Average diversification

The correlation between Alcor Micro and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alcor Micro and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Alcor Stock

0.66	2382	Quanta Computer	Pair Corr
0.77	6669	Wiwynn Corp	Pair Corr

Moving against Alcor Stock

0.66	5903	Taiwan FamilyMart	Pair Corr
0.59	3005	Getac Technology Corp	Pair Corr
0.59	3022	IEI Integration Corp	Pair Corr
0.57	5289	InnoDisk	Pair Corr
0.57	8234	NEXCOM International	Pair Corr
0.45	4175	MedFirst Healthcare	Pair Corr
0.43	6579	AAEON Technology	Pair Corr
0.84	910322	Tingyi Holding Corp Earnings Call This Week	Pair Corr
0.82	2758	Louisa Professional	Pair Corr
0.72	6486	Interactive Digital	Pair Corr
0.69	1477	Makalot Industrial	Pair Corr
0.6	4142	Adimmune Corp	Pair Corr
0.6	9930	CHC Resources Corp	Pair Corr
0.59	4951	Feature Integration	Pair Corr
0.58	2301	Lite On Technology	Pair Corr
0.56	8096	CoAsia Microelectronics	Pair Corr
0.51	6245	Lanner Electronics	Pair Corr
0.48	6203	Sea Sonic Electronics	Pair Corr
0.45	4541	Magnate Technology	Pair Corr
0.4	2007	Yieh Hsing Enterprise	Pair Corr
0.39	3031	Bright Led Electronics	Pair Corr
0.82	9927	Thye Ming Industrial	Pair Corr
0.62	1338	Hiroca Holdings	Pair Corr
0.62	6148	Azion	Pair Corr
0.6	9957	Yieh United Steel	Pair Corr

Related Correlations Analysis

	6237	5016	3419	5269	3050	9927	2867	1464
6237		0.15	0.07	0.6	-0.48	0.14	0.36	0.38	6237
5016	0.15		0.09	0.29	-0.05	0.85	0.68	0.78	5016
3419	0.07	0.09		-0.05	0.64	-0.02	0.37	0.1	3419
5269	0.6	0.29	-0.05		-0.42	0.1	0.42	0.46	5269
3050	-0.48	-0.05	0.64	-0.42		-0.18	0.17	-0.15	3050
9927	0.14	0.85	-0.02	0.1	-0.18		0.56	0.7	9927
2867	0.36	0.68	0.37	0.42	0.17	0.56		0.81	2867
1464	0.38	0.78	0.1	0.46	-0.15	0.7	0.81		1464
	6237	5016	3419	5269	3050	9927	2867	1464

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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

9927	+ 0.85	5016
1464	+ 0.81	2867
1464	+ 0.78	5016
1464	+ 0.7	9927
2867	+ 0.68	5016
3050	+ 0.64	3419

High negative correlations

3050	- 0.48	6237
3050	- 0.42	5269
9927	- 0.18	3050
1464	- 0.15	3050
5269	- 0.05	3419
3050	- 0.05	5016

Risk-Adjusted Indicators

There is a big difference between Alcor Stock performing well and Alcor Micro 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 Alcor Micro'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
6237	2.59	0.11	0.04	0.07	2.89	(3.23)	6.75	(4.05)	17.81
5016	0.31	0.06	0.24	0.49	0.30	(0.43)	0.89	(0.72)	2.18
3419	1.37	(0.23)	0.00	0.59	0.00	0.00	2.53	(3.07)	11.45
5269	2.07	0.36	0.19	0.59	1.78	(2.76)	5.96	(3.07)	14.39
3050	1.21	(0.17)	0.00	59.99	0.00	0.00	2.17	(3.24)	8.12
9927	0.61	0.19	0.41	(9.60)	0.30	(0.79)	1.63	(0.95)	4.49
2867	0.89	0.01	0.08	0.01	1.11	(0.90)	1.75	(1.86)	5.89
1464	1.63	0.17	0.13	0.70	1.76	(1.95)	4.95	(2.70)	11.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alcor Micro 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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