YTLBerhad Correlations

YTLCF Stock

USD 0.47 0.00 0.00%

The current 90-days correlation between YTL Berhad and WEC Energy Group is 0.06 (i.e., Significant diversification). The correlation of YTLBerhad 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.

YTLBerhad Correlation With Market

Modest diversification

The correlation between YTL Berhad and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YTL Berhad and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with YTLBerhad Pink Sheet

0.62	AMPH	Amphastar P	Pair Corr
0.71	GOOD	Gladstone Commercial	Pair Corr
0.68	TRV	The Travelers Companies	Pair Corr
0.62	DIS	Walt Disney	Pair Corr

Moving against YTLBerhad Pink Sheet

0.56	ISRMF	iShares MSCI	Pair Corr
0.48	BMYMP	Bristol Myers Squibb	Pair Corr
0.47	GOOG	Alphabet Class C	Pair Corr
0.42	META	Meta Platforms	Pair Corr
0.36	AMZN	Amazon Inc	Pair Corr
0.32	PFE	Pfizer Inc	Pair Corr
0.32	CSCO	Cisco Systems	Pair Corr
0.31	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	PG	SKIN	WEC	NI	EWCZ	HLMN	IPAR
PG		-0.61	0.43	0.27	-0.23	0.72	0.28	PG
SKIN	-0.61		-0.08	0.01	0.57	-0.48	0.2	SKIN
WEC	0.43	-0.08		0.94	0.48	0.18	0.56	WEC
NI	0.27	0.01	0.94		0.51	0.01	0.42	NI
EWCZ	-0.23	0.57	0.48	0.51		-0.18	0.48	EWCZ
HLMN	0.72	-0.48	0.18	0.01	-0.18		0.31	HLMN
IPAR	0.28	0.2	0.56	0.42	0.48	0.31		IPAR
	PG	SKIN	WEC	NI	EWCZ	HLMN	IPAR

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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

NI	+ 0.94	WEC
HLMN	+ 0.72	PG
EWCZ	+ 0.57	SKIN
IPAR	+ 0.56	WEC
EWCZ	+ 0.51	NI
EWCZ	+ 0.48	WEC

High negative correlations

SKIN	- 0.61	PG
HLMN	- 0.48	SKIN
EWCZ	- 0.23	PG
HLMN	- 0.18	EWCZ
WEC	- 0.08	SKIN

Risk-Adjusted Indicators

There is a big difference between YTLBerhad Pink Sheet performing well and YTLBerhad 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 YTLBerhad'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
PG	0.84	0.03	0.03	0.04	1.47	(0.72)	1.81	(2.18)	8.13
SKIN	2.78	0.17	0.03	0.20	4.48	(2.71)	4.97	(6.84)	22.13
WEC	0.79	0.10	0.11	0.26	0.91	(0.87)	1.68	(1.77)	5.59
NI	0.82	0.13	0.11	0.33	1.07	(0.84)	1.93	(2.01)	6.69
EWCZ	2.78	0.24	0.07	0.14	3.16	(3.00)	5.56	(5.23)	21.63
HLMN	1.47	(0.16)	0.00	(0.16)	0.00	0.00	2.80	(3.12)	7.74
IPAR	1.41	0.13	0.07	0.12	1.67	(1.53)	3.22	(2.20)	8.84

Be your own money manager

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