Fu Burg Correlations

8929 Stock

TWD 25.90 0.20 0.77%

The current 90-days correlation between Fu Burg Industrial and Shan Loong Transportation Co is 0.19 (i.e., Average diversification). The correlation of Fu Burg 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.

Fu Burg Correlation With Market

Good diversification

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

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

Moving together with 8929 Stock

0.65	2609	Yang Ming Marine	Pair Corr
0.66	2603	Evergreen Marine Corp	Pair Corr
0.86	3211	Dynapack International	Pair Corr

Moving against 8929 Stock

0.74	9919	KNH Enterprise	Pair Corr
0.72	8436	TCI Co	Pair Corr
0.69	1737	Taiyen Biotech	Pair Corr
0.67	4137	Chlitina Holding	Pair Corr
0.66	2409	AU Optronics	Pair Corr
0.66	0051	YuantaP shares Taiwan	Pair Corr
0.53	6666	Luo Lih Fen	Pair Corr
0.48	6504	Nan Liu Enterprise	Pair Corr
0.43	3666	Optivision Technology	Pair Corr

Related Correlations Analysis

	2616	4192	2606	6146	1733	2712	6768
2616		0.61	-0.25	0.64	0.73	0.55	-0.39	2616
4192	0.61		-0.74	0.84	0.79	0.81	-0.75	4192
2606	-0.25	-0.74		-0.75	-0.68	-0.75	0.9	2606
6146	0.64	0.84	-0.75		0.84	0.83	-0.77	6146
1733	0.73	0.79	-0.68	0.84		0.8	-0.7	1733
2712	0.55	0.81	-0.75	0.83	0.8		-0.72	2712
6768	-0.39	-0.75	0.9	-0.77	-0.7	-0.72		6768
	2616	4192	2606	6146	1733	2712	6768

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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

6768	+ 0.9	2606
6146	+ 0.84	4192
1733	+ 0.84	6146
2712	+ 0.83	6146
2712	+ 0.81	4192
2712	+ 0.8	1733

High negative correlations

6768	- 0.77	6146
2712	- 0.75	2606
6146	- 0.75	2606
6768	- 0.75	4192
2606	- 0.74	4192
6768	- 0.72	2712

Risk-Adjusted Indicators

There is a big difference between 8929 Stock performing well and Fu Burg 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 Fu Burg'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
2616	0.75	(0.17)	0.00	(0.63)	0.00	0.00	1.46	(2.27)	6.26
4192	0.90	(0.16)	0.00	(1.46)	0.00	0.00	2.44	(2.73)	6.09
2606	0.93	0.19	0.07	(1.23)	0.97	(1.08)	2.01	(1.81)	7.36
6146	0.87	(0.10)	0.00	(0.53)	0.00	0.00	1.89	(2.03)	6.16
1733	0.62	(0.11)	0.00	(0.38)	0.00	0.00	1.53	(1.40)	5.06
2712	0.76	(0.10)	0.00	(5.94)	0.00	0.00	1.34	(2.02)	8.91
6768	2.65	0.58	0.20	1.29	2.06	(3.85)	8.54	(4.33)	16.76

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fu Burg 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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