YTLBerhad Correlations

YTLCF Stock

USD 0.46 0.01 2.13%

The current 90-days correlation between YTL Berhad and Essent Group is 0.05 (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

Good diversification

The correlation between YTL Berhad and DJI is -0.03 (i.e., Good 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

0.63	NVDA	NVIDIA	Pair Corr
0.82	MSFT	Microsoft	Pair Corr
0.67	GOOG	Alphabet Class C	Pair Corr
0.65	QMCO	Quantum Trending	Pair Corr

Moving against YTLBerhad Pink Sheet

0.84	SR	Spire Inc	Pair Corr
0.84	SGAPY	Singapore Telecommunicatio	Pair Corr
0.79	BRK-A	Berkshire Hathaway	Pair Corr
0.77	CMSQF	Computershare Limited	Pair Corr
0.76	BSET	Bassett Furniture	Pair Corr
0.75	VWAPY	Volkswagen AG Pref	Pair Corr
0.75	VLKAF	Volkswagen AG	Pair Corr
0.75	VWAGY	Volkswagen AG 110	Pair Corr
0.75	VLKPF	Volkswagen AG VZO	Pair Corr
0.75	GLBXF	Globex Mining Enterprises	Pair Corr
0.69	WZZAF	Wizz Air Holdings	Pair Corr
0.64	FARM	Farmer Bros	Pair Corr
0.6	BJCHY	Beijing Capital Inte Earnings Call This Week	Pair Corr
0.59	FANUF	Fanuc	Pair Corr
0.56	037833EE6	APPLE INC	Pair Corr
0.54	BMYMP	Bristol Myers Squibb	Pair Corr
0.44	META	Meta Platforms	Pair Corr
0.87	BACQU	Bleichroeder Acquisition	Pair Corr
0.86	BLTH	American Battery Mat	Pair Corr
0.79	TECTP	Tectonic Financial	Pair Corr
0.77	BTT	Blackrock Municipal	Pair Corr
0.75	TD	Toronto Dominion Bank	Pair Corr
0.75	CIMO	Chimera Investment	Pair Corr
0.74	GOTRF	Goliath Resources	Pair Corr
0.74	FREKF	freee KK	Pair Corr

Related Correlations Analysis

	CRHKF	STBFY	STZ	ESNT	CCU	CINF	WVVIP	AEG
CRHKF		0.01	-0.6	0.26	0.72	-0.27	-0.47	0.31	CRHKF
STBFY	0.01		0.51	-0.55	0.35	0.69	-0.24	-0.36	STBFY
STZ	-0.6	0.51		-0.68	-0.53	0.69	0.32	-0.66	STZ
ESNT	0.26	-0.55	-0.68		0.07	-0.42	0.03	0.74	ESNT
CCU	0.72	0.35	-0.53	0.07		-0.04	-0.58	0.34	CCU
CINF	-0.27	0.69	0.69	-0.42	-0.04		0.0	-0.3	CINF
WVVIP	-0.47	-0.24	0.32	0.03	-0.58	0.0		-0.05	WVVIP
AEG	0.31	-0.36	-0.66	0.74	0.34	-0.3	-0.05		AEG
	CRHKF	STBFY	STZ	ESNT	CCU	CINF	WVVIP	AEG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

AEG	+ 0.74	ESNT
CCU	+ 0.72	CRHKF
CINF	+ 0.69	STBFY
CINF	+ 0.69	STZ
STZ	+ 0.51	STBFY
CCU	+ 0.35	STBFY

High negative correlations

ESNT	- 0.68	STZ
AEG	- 0.66	STZ
STZ	- 0.6	CRHKF
WVVIP	- 0.58	CCU
ESNT	- 0.55	STBFY
CCU	- 0.53	STZ

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
CRHKF	1.13	0.35	0.00	5.99	0.00	0.00	0.00	0.00	32.64
STBFY	0.93	(0.05)	0.00	0.12	0.00	0.00	1.61	(1.83)	4.69
STZ	1.50	(0.35)	0.00	(0.56)	0.00	0.00	2.64	(2.81)	17.80
ESNT	0.95	0.07	0.07	0.01	1.39	(0.89)	1.87	(2.56)	5.90
CCU	1.00	0.42	0.33	1.33	1.02	(1.14)	2.11	(1.67)	8.78
CINF	1.16	0.04	0.00	(0.04)	0.00	0.00	2.63	(2.95)	6.94
WVVIP	1.62	(0.11)	0.00	0.66	0.00	0.00	3.99	(3.83)	10.52
AEG	1.32	0.21	0.06	0.08	2.80	(1.19)	2.68	(3.77)	12.41

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.

Did you try this?

Run Money Managers Now

Money Managers

Screen money managers from public funds and ETFs managed around the world

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC