Bich Chi Correlations

BCF Stock

42,700 1,700 4.15%

The current 90-days correlation between Bich Chi Food and Elcom Technology Communications is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bich Chi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bich Chi Food moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bich Chi Correlation With Market

Significant diversification

The correlation between Bich Chi Food and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bich Chi Food and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bich Stock

0.65	ABT	Bentre Aquaproduct Import	Pair Corr
0.63	DVP	Dinhvu Port Investment	Pair Corr
0.79	FDC	Foreign Trade Development	Pair Corr
0.72	TDM	Thu Dau Mot	Pair Corr
0.62	ASP	An Pha Petroleum	Pair Corr
0.8	TMT	TMT Motor JSC	Pair Corr
0.76	PLC	Petrolimex Petrochemical	Pair Corr
0.67	SBT	Thanh Thanh Cong Split	Pair Corr
0.73	ITD	Innovative Technology	Pair Corr
0.81	BTP	Ba Ria Thermal	Pair Corr
0.66	EID	Ha Noi Education	Pair Corr

Moving against Bich Stock

0.77	AME	Alphanam ME	Pair Corr
0.42	SPC	Saigon Plant Protection	Pair Corr
0.31	FIT	FIT INVEST JSC	Pair Corr

Related Correlations Analysis

	ELC	SVT	PLC	TLH	PRE	VRE	TCD
ELC		-0.26	-0.17	-0.43	-0.35	-0.52	0.35	ELC
SVT	-0.26		0.57	0.57	0.56	0.39	-0.42	SVT
PLC	-0.17	0.57		0.39	0.71	0.02	-0.43	PLC
TLH	-0.43	0.57	0.39		0.45	0.78	-0.77	TLH
PRE	-0.35	0.56	0.71	0.45		0.17	-0.46	PRE
VRE	-0.52	0.39	0.02	0.78	0.17		-0.67	VRE
TCD	0.35	-0.42	-0.43	-0.77	-0.46	-0.67		TCD
	ELC	SVT	PLC	TLH	PRE	VRE	TCD

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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

VRE	+ 0.78	TLH
PRE	+ 0.71	PLC
PLC	+ 0.57	SVT
TLH	+ 0.57	SVT
PRE	+ 0.56	SVT
PRE	+ 0.45	TLH

High negative correlations

TCD	- 0.77	TLH
TCD	- 0.67	VRE
VRE	- 0.52	ELC
TCD	- 0.46	PRE
TCD	- 0.43	PLC
TLH	- 0.43	ELC

Risk-Adjusted Indicators

There is a big difference between Bich Stock performing well and Bich Chi 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 Bich Chi'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
ELC	1.39	(0.08)	0.00	(1.01)	0.00	0.00	3.86	(2.75)	19.57
SVT	1.13	0.15	0.09	0.68	1.45	(1.84)	3.78	(2.90)	12.59
PLC	1.55	0.18	0.16	(1.44)	1.51	(2.02)	3.66	(2.40)	14.16
TLH	1.65	0.45	0.34	1.95	1.19	(2.25)	6.80	(2.58)	9.56
PRE	1.84	0.25	0.09	0.49	2.52	(2.31)	5.06	(4.39)	14.63
VRE	0.81	0.08	0.15	(3.78)	0.84	(1.15)	2.43	(1.48)	5.06
TCD	1.58	(0.63)	0.00	(0.89)	0.00	0.00	3.54	(6.07)	11.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bich Chi 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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