Advanced Info Correlations

Stocks Germany . 
Stock . Advanced Info Service
AISF Stock   8.00  0.15  1.91%   
The current 90-days correlation between Advanced Info Service and Apple Inc is 0.36 (i.e., Weak diversification). The correlation of Advanced Info 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.

Advanced Info Correlation With Market

Good diversification

The correlation between Advanced Info Service and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Info Service and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Advanced Info could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Info 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 Advanced Info - 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 Advanced Info Service to buy it.

Moving together with Advanced Stock

  0.65APC Apple IncPairCorr
  0.65APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.65APC Apple IncPairCorr
  0.64APC Apple IncPairCorr
  0.67MSF Microsoft Earnings Call This WeekPairCorr
  0.67MSF Microsoft Earnings Call This WeekPairCorr
  0.66MSF Microsoft Earnings Call This WeekPairCorr
  0.66MSF Microsoft Earnings Call This WeekPairCorr
  0.7E908 Lyxor 1PairCorr
  0.62DBPE Xtrackers LevDAXPairCorr

Moving against Advanced Stock

  0.66PQ9 BANK MANDIRIPairCorr
  0.66DBPD Xtrackers ShortDAXPairCorr
  0.51BYRA PT Bank RakyatPairCorr
  0.46BYRA BANK RAKYAT INDPairCorr
  0.45SSU Samsung ElectronicsPairCorr
  0.43SSU Samsung ElectronicsPairCorr
  0.38BYRA BANK RAKYAT INDPairCorr
  0.37SSUN Samsung ElectronicsPairCorr
  0.37PQ9 PT Bank MandiriPairCorr
  0.36SSUN Samsung ElectronicsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Advanced Stock performing well and Advanced Info 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 Advanced Info'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.90  0.07  0.04 (1.02) 1.27 
(0.89)
 1.69 
(1.96)
 5.99 
APC  0.93  0.07  0.04  1.35  1.33 
(0.89)
 1.56 
(2.14)
 5.62 
APC  0.92  0.08  0.05  0.52  1.21 
(0.94)
 1.85 
(1.96)
 6.35 
APC  0.91  0.08  0.03 (3.69) 1.48 
(0.81)
 1.94 
(2.22)
 6.57 
APC  0.92  0.10  0.07  3.94  1.15 
(0.95)
 2.33 
(1.94)
 6.90 
APC  0.91  0.07  0.03 (0.48) 1.38 
(0.85)
 1.67 
(2.15)
 6.16 
MSF  0.96  0.11  0.06 (1.01) 1.34 
(1.08)
 2.60 
(1.61)
 8.71 
MSF  1.04  0.11  0.06 (0.43) 1.43 
(1.12)
 3.08 
(2.16)
 9.11 
MSF  1.05  0.12  0.06 (0.85) 1.49 
(1.25)
 2.43 
(1.93)
 11.42 
MSF  0.92  0.12  0.06 (1.78) 1.43 
(0.96)
 2.04 
(1.84)
 8.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Advanced Info 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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