Asm Pacific Correlations

ASMVY Stock

USD 22.77 0.33 1.43%

The current 90-days correlation between Asm Pacific Technology and SCREEN Holdings Co is 0.05 (i.e., Significant diversification). The correlation of Asm Pacific 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.

Asm Pacific Correlation With Market

Significant diversification

The correlation between Asm Pacific Technology and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asm Pacific Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Asm Pink Sheet

0.72	AMAT	Applied Materials	Pair Corr
0.64	TOELY	Tokyo Electron	Pair Corr
0.82	ASMXF	ASM International	Pair Corr

Moving against Asm Pink Sheet

0.91	MPW	Medical Properties Trust Aggressive Push	Pair Corr
0.84	AZN	AstraZeneca PLC ADR	Pair Corr
0.8	CWEN	Clearway Energy Class	Pair Corr
0.79	O	Realty Income	Pair Corr
0.78	INGVF	ING Groep NV	Pair Corr
0.75	DNSKF	Danske Bank AS Normal Trading	Pair Corr
0.62	WVVI	Willamette Valley Earnings Call Today	Pair Corr
0.61	NTNX	Nutanix	Pair Corr
0.58	AIMDW	Ainos Inc	Pair Corr
0.53	RYN	Rayonier	Pair Corr
0.44	ML	MoneyLion	Pair Corr
0.42	RGC	Regencell Bioscience Trending	Pair Corr
0.41	MSB	Mesabi Trust	Pair Corr
0.94	SUNFF	Sun Life Financial	Pair Corr
0.91	ISMAY	Indra Sistemas SA Downward Rally	Pair Corr
0.85	CABGY	Carlsberg AS	Pair Corr
0.79	LNW	Light Wonder	Pair Corr
0.75	AM	Antero Midstream Partners	Pair Corr
0.73	AEM	Agnico Eagle Mines	Pair Corr
0.71	FINV	FinVolution Group Normal Trading	Pair Corr
0.68	ALHC	Alignment Healthcare LLC	Pair Corr
0.66	SGIC	Silicon Gaming	Pair Corr

Related Correlations Analysis

	DINRF	DSCSY	TOELF	LSRCF	SUOPY	LSRCY	ASMLF	ASMIY	ASYS	VECO
DINRF		0.21	0.06	0.28	-0.38	0.14	-0.1	0.0	0.64	0.83	DINRF
DSCSY	0.21		0.83	0.74	-0.25	0.45	0.52	0.0	0.41	0.61	DSCSY
TOELF	0.06	0.83		0.62	-0.21	0.49	0.71	0.0	0.24	0.46	TOELF
LSRCF	0.28	0.74	0.62		-0.27	0.49	0.34	0.0	0.47	0.59	LSRCF
SUOPY	-0.38	-0.25	-0.21	-0.27		0.18	-0.08	0.0	-0.31	-0.46	SUOPY
LSRCY	0.14	0.45	0.49	0.49	0.18		0.36	0.0	0.13	0.28	LSRCY
ASMLF	-0.1	0.52	0.71	0.34	-0.08	0.36		0.0	0.14	0.29	ASMLF
ASMIY	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ASMIY
ASYS	0.64	0.41	0.24	0.47	-0.31	0.13	0.14	0.0		0.78	ASYS
VECO	0.83	0.61	0.46	0.59	-0.46	0.28	0.29	0.0	0.78		VECO
	DINRF	DSCSY	TOELF	LSRCF	SUOPY	LSRCY	ASMLF	ASMIY	ASYS	VECO

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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

VECO	+ 0.83	DINRF
TOELF	+ 0.83	DSCSY
VECO	+ 0.78	ASYS
LSRCF	+ 0.74	DSCSY
ASMLF	+ 0.71	TOELF
ASYS	+ 0.64	DINRF

High negative correlations

VECO	- 0.46	SUOPY
SUOPY	- 0.38	DINRF
ASYS	- 0.31	SUOPY
SUOPY	- 0.27	LSRCF
SUOPY	- 0.25	DSCSY
SUOPY	- 0.21	TOELF

Risk-Adjusted Indicators

There is a big difference between Asm Pink Sheet performing well and Asm Pacific 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 Asm Pacific'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
DINRF	4.49	(0.74)	0.00	0.52	0.00	0.00	8.54	(12.43)	36.63
DSCSY	2.53	(0.18)	0.00	(0.58)	0.00	0.00	4.98	(5.77)	23.41
TOELF	2.73	0.03	0.00	(0.02)	0.00	0.00	5.54	(4.76)	17.54
LSRCF	0.99	(0.30)	0.00	(1.03)	0.00	0.00	1.18	(3.11)	18.60
SUOPY	2.39	0.16	0.04	0.11	3.24	(2.65)	5.17	(5.34)	19.14
LSRCY	2.12	(0.05)	0.00	(0.19)	0.00	0.00	5.98	(3.92)	11.71
ASMLF	1.80	0.06	0.03	0.02	2.29	(2.00)	3.90	(3.54)	12.16
ASMIY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ASYS	2.10	(0.06)	0.00	(0.17)	0.00	0.00	3.48	(3.82)	27.27
VECO	1.87	(0.34)	0.00	(0.57)	0.00	0.00	3.06	(4.54)	13.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Asm Pacific 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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Asm Pacific Corporate Management

Choon Kong	Company Secretary	Profile
Pua Wee	VP Officer	Profile
Yifan Xu	VP CFO	Profile
Leonard Lee	Sr Relations	Profile
Choon Lim	CoCEO Group	Profile

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