Advanced Process Correlations

265520 Stock

23,200 1,550 7.16%

The current 90-days correlation between Advanced Process Systems and LB Semicon is 0.39 (i.e., Weak diversification). The correlation of Advanced Process 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.

Advanced Process Correlation With Market

Poor diversification

The correlation between Advanced Process Systems and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Process Systems and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Advanced Stock

0.86	088130	Dong A Eltek	Pair Corr
0.67	007690	Kukdo Chemical	Pair Corr
0.81	138930	BNK Financial Group	Pair Corr
0.82	086710	Sunjin Beauty Science	Pair Corr
0.79	254490	Mirai Semiconductors	Pair Corr
0.61	194480	Devsisters corporation	Pair Corr
0.65	001530	Dong Il Corp Split	Pair Corr
0.75	175330	Jb Financial	Pair Corr
0.66	137950	JC Chemical	Pair Corr
0.69	094360	ChipsMedia	Pair Corr
0.87	125210	Amogreentech	Pair Corr
0.86	234340	Settlebank	Pair Corr
0.77	025860	Namhae Chemical	Pair Corr
0.69	005930	Samsung Electronics	Pair Corr
0.72	000660	SK Hynix	Pair Corr

Moving against Advanced Stock

0.64	060570	Dreamus Company	Pair Corr
0.5	088290	Ewon Comfortech	Pair Corr

Related Correlations Analysis

	061970	036200	039440	031330	084850	064290	046890
061970		0.5	-0.15	0.13	0.71	0.11	0.37	061970
036200	0.5		0.48	0.64	-0.01	0.5	0.48	036200
039440	-0.15	0.48		0.81	-0.48	0.79	0.68	039440
031330	0.13	0.64	0.81		-0.36	0.92	0.7	031330
084850	0.71	-0.01	-0.48	-0.36		-0.23	0.19	084850
064290	0.11	0.5	0.79	0.92	-0.23		0.8	064290
046890	0.37	0.48	0.68	0.7	0.19	0.8		046890
	061970	036200	039440	031330	084850	064290	046890

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

064290	+ 0.92	031330
031330	+ 0.81	039440
046890	+ 0.8	064290
064290	+ 0.79	039440
084850	+ 0.71	061970
046890	+ 0.7	031330

High negative correlations

084850	- 0.48	039440
084850	- 0.36	031330
064290	- 0.23	084850
039440	- 0.15	061970
084850	- 0.01	036200

Risk-Adjusted Indicators

There is a big difference between Advanced Stock performing well and Advanced Process 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 Advanced Process' 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
061970	2.51	(0.18)	0.00	(0.09)	0.00	0.00	4.62	(5.11)	16.96
036200	2.85	(0.08)	0.00	(0.01)	0.00	0.00	7.14	(6.00)	22.30
039440	3.39	0.66	0.15	2.14	3.48	(3.74)	7.66	(5.99)	23.78
031330	2.12	0.37	0.14	1.22	2.09	(2.56)	5.69	(4.27)	19.16
084850	1.52	(0.25)	0.00	(1.39)	0.00	0.00	3.33	(3.99)	16.22
064290	2.83	0.41	0.12	0.81	2.98	(3.20)	6.86	(5.17)	21.33
046890	1.64	0.22	0.09	0.52	1.95	(1.89)	3.65	(2.51)	17.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Advanced Process 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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