Syscom Computer Correlations

2453 Stock

TWD 53.00 0.20 0.38%

The current 90-days correlation between Syscom Computer Engi and Genesis Technology is 0.11 (i.e., Average diversification). The correlation of Syscom Computer 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.

Syscom Computer Correlation With Market

Significant diversification

The correlation between Syscom Computer Engineering and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Syscom Computer Engineering and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Syscom Stock

0.76	2357	Asustek Computer	Pair Corr
0.84	2002A	China Steel Corp	Pair Corr

Moving against Syscom Stock

0.7	1303	Nan Ya Plastics	Pair Corr
0.67	2643	Soonest Express	Pair Corr
0.66	1402	Far Eastern New	Pair Corr
0.65	3522	Toplus Global	Pair Corr
0.65	1326	Formosa Chemicals Fibre	Pair Corr
0.62	6505	Formosa Petrochemical	Pair Corr
0.62	2008	Kao Hsiung Chang	Pair Corr
0.58	2887E	Taishin Financial Holding	Pair Corr
0.57	1301	Formosa Plastics Corp	Pair Corr
0.53	6127	Leatec Fine Ceramics	Pair Corr
0.51	2740	Mr Onion	Pair Corr
0.5	1730	Farcent Enterprise	Pair Corr
0.48	2891	CTBC Financial Holding	Pair Corr
0.4	2303	United Microelectronics	Pair Corr
0.39	6770	Powerchip Semiconductor	Pair Corr
0.36	4950	Golden Win International Split	Pair Corr
0.31	2327	Yageo Corp	Pair Corr
0.82	4706	Tah Kong Chemical	Pair Corr
0.74	8390	Jiin Yeeh Ding	Pair Corr
0.68	1437	GTM Holdings Corp	Pair Corr
0.67	6624	Ever Clear Environme	Pair Corr
0.64	3666	Optivision Technology	Pair Corr
0.64	2451	Transcend Information	Pair Corr
0.6	1434	Formosa Taffeta	Pair Corr
0.54	3163	Browave	Pair Corr
0.53	1587	Cryomax Cooling System	Pair Corr

Related Correlations Analysis

	6221	5209	4942	6690	8091	4935	1437	3709	4916	6752
6221		-0.02	-0.53	0.43	-0.55	0.49	-0.72	-0.18	0.49	0.65	6221
5209	-0.02		0.49	0.43	-0.35	-0.16	-0.24	-0.35	-0.11	0.13	5209
4942	-0.53	0.49		-0.06	0.15	-0.56	0.22	-0.25	-0.14	-0.27	4942
6690	0.43	0.43	-0.06		-0.32	0.45	-0.28	-0.21	0.52	0.73	6690
8091	-0.55	-0.35	0.15	-0.32		-0.24	0.74	0.37	-0.25	-0.44	8091
4935	0.49	-0.16	-0.56	0.45	-0.24		-0.48	-0.06	0.29	0.58	4935
1437	-0.72	-0.24	0.22	-0.28	0.74	-0.48		0.15	-0.08	-0.48	1437
3709	-0.18	-0.35	-0.25	-0.21	0.37	-0.06	0.15		-0.42	-0.38	3709
4916	0.49	-0.11	-0.14	0.52	-0.25	0.29	-0.08	-0.42		0.61	4916
6752	0.65	0.13	-0.27	0.73	-0.44	0.58	-0.48	-0.38	0.61		6752
	6221	5209	4942	6690	8091	4935	1437	3709	4916	6752

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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

1437	+ 0.74	8091
6752	+ 0.73	6690
6752	+ 0.65	6221
6752	+ 0.61	4916
6752	+ 0.58	4935
4916	+ 0.52	6690

High negative correlations

1437	- 0.72	6221
4935	- 0.56	4942
8091	- 0.55	6221
4942	- 0.53	6221
6752	- 0.48	1437
1437	- 0.48	4935

Risk-Adjusted Indicators

There is a big difference between Syscom Stock performing well and Syscom Computer 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 Syscom Computer'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
6221	1.72	(0.47)	0.00	0.72	0.00	0.00	2.89	(3.01)	32.24
5209	1.30	0.13	0.02	(0.14)	1.36	(1.75)	2.94	(2.15)	10.36
4942	0.88	0.09	0.05	0.19	1.15	(0.96)	1.76	(2.66)	10.64
6690	0.86	(0.05)	0.00	(0.57)	0.00	0.00	1.55	(2.12)	7.80
8091	1.30	0.01	0.00	0.08	1.41	(1.65)	2.77	(2.27)	11.10
4935	0.93	(0.22)	0.00	(0.19)	0.00	0.00	1.72	(2.29)	9.72
1437	0.42	0.13	0.19	0.90	0.00	(0.60)	1.36	(0.64)	2.37
3709	3.31	0.37	0.06	(0.83)	4.42	(3.46)	9.96	(9.06)	20.00
4916	2.19	(0.09)	0.00	(0.06)	0.00	0.00	4.07	(3.73)	16.32
6752	1.27	(0.14)	0.00	(0.61)	0.00	0.00	2.43	(2.43)	8.19

Be your own money manager

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