La Kaffa Correlations

2732 Stock

TWD 96.60 0.70 0.72%

The current 90-days correlation between La Kaffa International and Yeou Yih Steel is 0.32 (i.e., Weak diversification). The correlation of La Kaffa 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.

La Kaffa Correlation With Market

Good diversification

The correlation between La Kaffa International and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding La Kaffa International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 2732 Stock

0.61	2923	Sino Horizon Holdings	Pair Corr
0.66	1725	Yuan Jen Enterprises	Pair Corr

Moving against 2732 Stock

0.65	2881B	Fubon Financial Holding	Pair Corr
0.55	2891B	CTBC Financial Holding	Pair Corr
0.41	6237	C Media Electronics	Pair Corr
0.4	3416	WinMate Communication INC	Pair Corr
0.37	3036A	WT Microelectronics	Pair Corr
0.36	5403	Dimerco Data System	Pair Corr
0.35	2330	Taiwan Semiconductor	Pair Corr
0.57	3081	LandMark Optoelectronics	Pair Corr
0.51	6613	Nova Technology	Pair Corr
0.47	5871A	Chailease Holding	Pair Corr
0.45	1231	Lian Hwa Foods	Pair Corr
0.34	3494	HiTi Digital Split	Pair Corr
0.33	3008	LARGAN Precision	Pair Corr
0.32	1213	Oceanic Beverages	Pair Corr

Related Correlations Analysis

	2880	9962	6581	2809	2850	2852	5876
2880		-0.56	-0.31	0.14	0.58	0.71	0.65	2880
9962	-0.56		0.67	-0.27	-0.42	-0.33	-0.69	9962
6581	-0.31	0.67		0.08	-0.12	-0.43	-0.24	6581
2809	0.14	-0.27	0.08		0.27	-0.26	0.19	2809
2850	0.58	-0.42	-0.12	0.27		0.62	0.47	2850
2852	0.71	-0.33	-0.43	-0.26	0.62		0.27	2852
5876	0.65	-0.69	-0.24	0.19	0.47	0.27		5876
	2880	9962	6581	2809	2850	2852	5876

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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

2852	+ 0.71	2880
6581	+ 0.67	9962
5876	+ 0.65	2880
2852	+ 0.62	2850
2850	+ 0.58	2880
5876	+ 0.47	2850

High negative correlations

5876	- 0.69	9962
9962	- 0.56	2880
2852	- 0.43	6581
2850	- 0.42	9962
2852	- 0.33	9962
6581	- 0.31	2880

Risk-Adjusted Indicators

There is a big difference between 2732 Stock performing well and La Kaffa 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 La Kaffa'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
2880	0.84	0.09	0.08	0.20	0.76	(1.09)	2.24	(1.51)	5.03
9962	0.63	(0.19)	0.00	(0.64)	0.00	0.00	0.99	(1.36)	4.18
6581	1.13	(0.16)	0.00	(0.78)	0.00	0.00	2.27	(2.92)	6.69
2809	1.16	(0.08)	0.00	0.39	0.00	0.00	2.50	(2.54)	7.47
2850	0.97	0.01	0.00	0.04	1.20	(1.09)	2.43	(1.79)	5.73
2852	0.67	0.11	0.11	0.51	0.61	(0.87)	1.45	(1.21)	5.66
5876	0.98	0.09	0.07	0.41	1.04	(1.11)	2.20	(1.72)	6.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in La Kaffa 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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