Malayan Banking Correlations
| 1155 Stock | 10.14 0.06 0.59% |
The current 90-days correlation between Malayan Banking Bhd and Public Bank Bhd is 0.14 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Malayan Banking moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Malayan Banking Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Malayan Banking Correlation With Market
Average diversification
The correlation between Malayan Banking Bhd and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Malayan Banking Bhd and DJI in the same portfolio, assuming nothing else is changed.
Malayan |
The ability to find closely correlated positions to Malayan Banking could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Malayan Banking 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 Malayan Banking - 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 Malayan Banking Bhd to buy it.
Moving together with Malayan Stock
Moving against Malayan Stock
| 0.85 | 0017 | XOX Technology Bhd | PairCorr |
| 0.85 | 0251 | SFP Tech Holdings | PairCorr |
| 0.81 | 0104 | Genetec Technology Bhd | PairCorr |
| 0.81 | 5292 | Uwc Bhd | PairCorr |
| 0.79 | 7113 | Top Glove | PairCorr |
| 0.7 | 7106 | Supermax Bhd | PairCorr |
| 0.66 | 1899 | Batu Kawan Bhd | PairCorr |
| 0.62 | 5011 | Mesiniaga Bhd | PairCorr |
| 0.61 | 5053 | OSK Holdings Bhd | PairCorr |
| 0.49 | 0208 | Greatech Technology Bhd | PairCorr |
| 0.37 | 5285 | Sime Darby Plantation | PairCorr |
Related Correlations Analysis
| -0.01 | 0.58 | 0.66 | 0.08 | -0.21 | 1155 | ||
| -0.01 | 0.04 | -0.28 | 0.2 | 0.44 | 1295 | ||
| 0.58 | 0.04 | 0.58 | -0.19 | -0.15 | 7217 | ||
| 0.66 | -0.28 | 0.58 | -0.29 | -0.33 | 5258 | ||
| 0.08 | 0.2 | -0.19 | -0.29 | 0.34 | 5204 | ||
| -0.21 | 0.44 | -0.15 | -0.33 | 0.34 | 0100 | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Malayan Stock performing well and Malayan Banking 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 Malayan Banking'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 | 0.54 | (0.07) | 0.00 | (0.82) | 0.00 | 1.19 | 2.66 | |||
| 1295 | 0.64 | (0.02) | 0.00 | (0.12) | 0.00 | 1.36 | 4.23 | |||
| 7217 | 1.99 | (0.24) | 0.00 | 1.07 | 0.00 | 6.45 | 20.39 | |||
| 5258 | 0.76 | (0.09) | 0.00 | 2.98 | 0.00 | 1.22 | 6.19 | |||
| 5204 | 2.23 | 0.04 | 0.01 | 0.07 | 2.06 | 6.25 | 18.57 | |||
| 0100 | 2.49 | (0.04) | 0.00 | (0.04) | 0.00 | 7.14 | 13.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Malayan Banking 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 Portfolio Diagnostics Now
Portfolio DiagnosticsUse generated alerts and portfolio events aggregator to diagnose current holdings |
| All Next | Launch Module |