1369 Construction Correlations

C69 Stock

6,500 100.00 1.52%

The current 90-days correlation between 1369 Construction JSC and FIT INVEST JSC is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 1369 Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 1369 Construction JSC moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

1369 Construction Correlation With Market

Significant diversification

The correlation between 1369 Construction JSC and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 1369 Construction JSC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 1369 Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 1369 Construction 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 1369 Construction - 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 1369 Construction JSC to buy it.

Moving together with 1369 Stock

0.61	FIT	FIT INVEST JSC	Pair Corr
0.89	ADS	Damsan JSC	Pair Corr
0.83	AAA	An Phat Plastic	Pair Corr
0.87	AME	Alphanam ME	Pair Corr
0.75	ABT	Bentre Aquaproduct Import	Pair Corr

Moving against 1369 Stock

0.73	BCF	Bich Chi Food	Pair Corr
0.73	ELC	Elcom Technology Com	Pair Corr
0.71	ICT	Telecoms Informatics JSC	Pair Corr
0.57	FPT	FPT Corp	Pair Corr
0.55	SMA	Saigon Machinery Spare	Pair Corr
0.43	CSV	South Basic Chemicals	Pair Corr

Related Correlations Analysis

	FIT	ADS	AAA	AME	APG	ABS	AAM	ABT
FIT		0.44	0.41	0.57	0.26	-0.25	0.12	0.32	FIT
ADS	0.44		0.89	0.77	0.59	-0.14	0.56	0.72	ADS
AAA	0.41	0.89		0.64	0.36	0.13	0.72	0.66	AAA
AME	0.57	0.77	0.64		0.64	-0.45	0.45	0.83	AME
APG	0.26	0.59	0.36	0.64		-0.58	0.1	0.5	APG
ABS	-0.25	-0.14	0.13	-0.45	-0.58		0.41	-0.13	ABS
AAM	0.12	0.56	0.72	0.45	0.1	0.41		0.63	AAM
ABT	0.32	0.72	0.66	0.83	0.5	-0.13	0.63		ABT
	FIT	ADS	AAA	AME	APG	ABS	AAM	ABT

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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

AAA	+ 0.89	ADS
ABT	+ 0.83	AME
AME	+ 0.77	ADS
ABT	+ 0.72	ADS
AAM	+ 0.72	AAA
ABT	+ 0.66	AAA

High negative correlations

ABS	- 0.58	APG
ABS	- 0.45	AME
ABS	- 0.25	FIT
ABS	- 0.14	ADS
ABT	- 0.13	ABS

Risk-Adjusted Indicators

There is a big difference between 1369 Stock performing well and 1369 Construction 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 1369 Construction'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
FIT	0.71	(0.08)	0.00	(0.95)	0.00	0.00	1.42	(1.57)	4.38
ADS	1.11	(0.24)	0.00	(33.76)	0.00	0.00	3.45	(2.15)	12.45
AAA	0.92	(0.15)	0.00	(0.39)	0.00	0.00	2.22	(2.09)	6.34
AME	2.48	(0.50)	0.00	2.19	0.00	0.00	5.36	(7.25)	18.62
APG	1.36	(0.42)	0.00	1.69	0.00	0.00	3.47	(5.59)	11.36
ABS	1.58	0.24	0.11	(1.03)	1.69	(2.04)	5.10	(3.31)	12.04
AAM	2.00	(0.09)	0.00	(0.17)	0.00	0.00	4.69	(5.00)	11.74
ABT	0.74	(0.11)	0.00	(3.10)	0.00	0.00	1.91	(2.03)	8.20

Be your own money manager

Our tools can tell you how much better you can do entering a position in 1369 Construction 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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