Khang Dien Correlations

KDH Stock

35,850 250.00 0.70%

The current 90-days correlation between Khang Dien House and FIT INVEST JSC is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Khang Dien moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Khang Dien House moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Khang Dien Correlation With Market

Significant diversification

The correlation between Khang Dien House 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 Khang Dien House and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Khang Stock

0.68	ADS	Damsan JSC	Pair Corr
0.74	AAA	An Phat Plastic	Pair Corr
0.82	AAM	Mekong Fisheries JSC	Pair Corr
0.8	ABT	Bentre Aquaproduct Import	Pair Corr

Moving against Khang Stock

0.61	BCF	Bich Chi Food	Pair Corr
0.53	SMA	Saigon Machinery Spare	Pair Corr
0.45	ICT	Telecoms Informatics JSC	Pair Corr

Related Correlations Analysis

	FIT	ADS	AAA	AME	APG	ABS	AAM	ABT
FIT		0.51	0.53	0.68	0.43	-0.16	0.3	0.42	FIT
ADS	0.51		0.9	0.75	0.76	0.02	0.66	0.75	ADS
AAA	0.53	0.9		0.77	0.7	0.19	0.8	0.74	AAA
AME	0.68	0.75	0.77		0.7	-0.24	0.6	0.78	AME
APG	0.43	0.76	0.7	0.7		-0.26	0.46	0.65	APG
ABS	-0.16	0.02	0.19	-0.24	-0.26		0.42	0.03	ABS
AAM	0.3	0.66	0.8	0.6	0.46	0.42		0.74	AAM
ABT	0.42	0.75	0.74	0.78	0.65	0.03	0.74		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	+ 0.9	ADS
AAM	+ 0.8	AAA
ABT	+ 0.78	AME
AME	+ 0.77	AAA
APG	+ 0.76	ADS
AME	+ 0.75	ADS

High negative correlations

ABS	- 0.26	APG
ABS	- 0.24	AME
ABS	- 0.16	FIT

Risk-Adjusted Indicators

There is a big difference between Khang Stock performing well and Khang Dien 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 Khang Dien'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	0.75	(0.04)	0.00	(0.35)	0.00	0.00	1.62	(1.57)	6.72
ADS	1.16	(0.18)	0.00	3.36	0.00	0.00	3.45	(2.15)	12.45
AAA	0.95	(0.17)	0.00	(0.44)	0.00	0.00	2.22	(2.09)	6.34
AME	2.48	(0.51)	0.00	(2.00)	0.00	0.00	5.36	(7.25)	18.62
APG	1.04	(0.27)	0.00	11.79	0.00	0.00	3.27	(2.90)	10.06
ABS	1.50	0.22	0.09	(0.64)	1.68	(1.99)	5.10	(3.31)	12.04
AAM	2.02	(0.06)	0.00	(0.10)	0.00	0.00	4.69	(5.00)	11.74
ABT	0.76	(0.09)	0.00	(3.02)	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 Khang Dien 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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