SIM Technology Correlations

Stocks . Taiwan . 
Stock . SIM Technology Group
912000 Stock  TWD 3.35  0.01  0.30%   
The current 90-days correlation between SIM Technology Group and Neo Neon Holdings Limited is 0.01 (i.e., Significant diversification). The correlation of SIM Technology 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.

SIM Technology Correlation With Market

Average diversification

The correlation between SIM Technology Group and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SIM Technology Group and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SIM Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SIM Technology 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 SIM Technology - 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 SIM Technology Group to buy it.

Moving together with SIM Stock

  0.663596 Arcadyan Technology CorpPairCorr
  0.695388 Sercomm CorpPairCorr
  0.83558 Senao NetworksPairCorr
  0.762882B Cathay Financial HoldingPairCorr
  0.632882A Cathay Financial HoldingPairCorr
  0.712881A Fubon Financial HoldingPairCorr
  0.732881B Fubon Financial HoldingPairCorr
  0.822891 CTBC Financial HoldingPairCorr
  0.82888 Shin Kong FinancialPairCorr
  0.620051 YuantaP shares TaiwanPairCorr

Moving against SIM Stock

  0.652345 Accton Technology CorpPairCorr
  0.532330 Taiwan SemiconductorPairCorr
  0.420053 YuantaP shares TaiwanPairCorr
  0.40050 YuantaP shares TaiwanPairCorr
  0.380057 Fubon MSCI TaiwanPairCorr
  0.323152 Advanced Ceramic XPairCorr

Related Correlations Analysis

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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   
9103
+ 0.65
9105
9136
+ 0.46
911868
910861
+ 0.29
911868
  
High negative correlations   
911868
- 0.61
9105
9136
- 0.58
9105
9103
- 0.49
911868
9103
- 0.28
9136
910861
- 0.26
9136
9103
- 0.18
910861

Risk-Adjusted Indicators

There is a big difference between SIM Stock performing well and SIM Technology 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 SIM Technology'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in SIM Technology 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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