Lealea Enterprise Correlations
| 1444 Stock | TWD 9.22 0.07 0.77% |
The current 90-days correlation between Lealea Enterprise and Li Peng Enterprise is 0.01 (i.e., Significant diversification). The correlation of Lealea Enterprise 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Lealea Enterprise Correlation With Market
Modest diversification
The correlation between Lealea Enterprise Co and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lealea Enterprise Co and DJI in the same portfolio, assuming nothing else is changed.
Lealea |
The ability to find closely correlated positions to Lealea Enterprise could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lealea Enterprise 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 Lealea Enterprise - 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 Lealea Enterprise Co to buy it.
Moving against Lealea Stock
Related Correlations Analysis
| 0.85 | 0.59 | 0.54 | 0.93 | 1447 | ||
| 0.85 | 0.83 | 0.84 | 0.89 | 1440 | ||
| 0.59 | 0.83 | 0.91 | 0.62 | 1304 | ||
| 0.54 | 0.84 | 0.91 | 0.57 | 1313 | ||
| 0.93 | 0.89 | 0.62 | 0.57 | 1314 | ||
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Risk-Adjusted Indicators
There is a big difference between Lealea Stock performing well and Lealea Enterprise 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 Lealea Enterprise'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1447 | 1.02 | (0.21) | 0.00 | 1.37 | 0.00 | 2.71 | 8.76 | |||
| 1440 | 0.74 | (0.13) | 0.00 | (1.12) | 0.00 | 1.54 | 5.33 | |||
| 1304 | 1.43 | (0.19) | 0.00 | (0.30) | 0.00 | 3.57 | 9.43 | |||
| 1313 | 1.16 | (0.16) | 0.00 | (1.18) | 0.00 | 2.25 | 11.86 | |||
| 1314 | 1.30 | (0.32) | 0.00 | (0.96) | 0.00 | 2.46 | 9.38 |
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