DC HEALTHCARE Correlations
| 0283 Stock | 0.17 0.01 6.25% |
The current 90-days correlation between DC HEALTHCARE HOLDINGS and Malayan Banking Bhd is -0.23 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DC HEALTHCARE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DC HEALTHCARE HOLDINGS moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
DC HEALTHCARE Correlation With Market
Significant diversification
The correlation between DC HEALTHCARE HOLDINGS and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DC HEALTHCARE HOLDINGS and DJI in the same portfolio, assuming nothing else is changed.
0283 |
The ability to find closely correlated positions to DC HEALTHCARE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DC HEALTHCARE 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 DC HEALTHCARE - 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 DC HEALTHCARE HOLDINGS to buy it.
Moving against 0283 Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between 0283 Stock performing well and DC HEALTHCARE 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 DC HEALTHCARE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1155 | 0.57 | (0.01) | 0.00 | (7.01) | 0.00 | 1.14 | 3.17 | |||
| 1295 | 0.98 | (0.04) | 0.00 | 0.68 | 0.00 | 2.34 | 9.31 | |||
| 5183 | 1.51 | (0.20) | 0.00 | (0.37) | 0.00 | 2.84 | 12.76 | |||
| 5347 | 0.83 | 0.05 | (0.08) | (0.24) | 0.98 | 2.13 | 8.46 | |||
| 5225 | 0.68 | 0.21 | 0.10 | (1.77) | 0.39 | 2.10 | 5.87 | |||
| 5819 | 0.59 | 0.04 | (0.10) | 1.65 | 0.60 | 1.06 | 6.40 | |||
| 8869 | 1.47 | (0.18) | 0.00 | (0.19) | 0.00 | 3.66 | 8.30 | |||
| 6033 | 0.40 | (0.07) | 0.00 | (0.49) | 0.00 | 0.78 | 2.15 | |||
| 3816 | 0.93 | (0.23) | 0.00 | (0.60) | 0.00 | 1.67 | 6.56 |
DC HEALTHCARE Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DC HEALTHCARE stock to make a market-neutral strategy. Peer analysis of DC HEALTHCARE could also be used in its relative valuation, which is a method of valuing DC HEALTHCARE by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |