Louisa Professional Correlations

2758 Stock

92.30 0.00 0.00%

The current 90-days correlation between Louisa Professional and Cayman Tung Ling is 0.01 (i.e., Significant diversification). The correlation of Louisa Professional 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.

Louisa Professional Correlation With Market

Weak diversification

The correlation between Louisa Professional Coffee and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Louisa Professional Coffee and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Louisa Stock

0.66	1268	Hi Lai Foods	Pair Corr
0.78	1259	An Shin Food	Pair Corr
0.84	2317	Hon Hai Precision	Pair Corr
0.65	0051	YuantaP shares Taiwan	Pair Corr

Moving against Louisa Stock

0.92	2891	CTBC Financial Holding	Pair Corr
0.87	2882B	Cathay Financial Holding	Pair Corr
0.85	2881A	Fubon Financial Holding	Pair Corr
0.76	2882A	Cathay Financial Holding	Pair Corr
0.7	2454	MediaTek	Pair Corr
0.67	8940	New Palace International	Pair Corr
0.63	2755	YoungQin International	Pair Corr
0.44	2330	Taiwan Semiconductor	Pair Corr
0.44	2881B	Fubon Financial Holding	Pair Corr
0.34	0050	YuantaP shares Taiwan	Pair Corr

Related Correlations Analysis

	2758	2924	1109	2836	3128	4533	6126	1465	8028
2758		0.75	0.48	0.51	0.0	0.28	0.71	0.49	0.29	2758
2924	0.75		0.58	0.51	0.34	0.14	0.66	0.59	0.14	2924
1109	0.48	0.58		0.72	0.31	0.73	0.84	0.78	0.47	1109
2836	0.51	0.51	0.72		0.43	0.32	0.69	0.66	0.33	2836
3128	0.0	0.34	0.31	0.43		-0.16	0.15	0.26	-0.08	3128
4533	0.28	0.14	0.73	0.32	-0.16		0.66	0.46	0.57	4533
6126	0.71	0.66	0.84	0.69	0.15	0.66		0.62	0.48	6126
1465	0.49	0.59	0.78	0.66	0.26	0.46	0.62		0.41	1465
8028	0.29	0.14	0.47	0.33	-0.08	0.57	0.48	0.41		8028
	2758	2924	1109	2836	3128	4533	6126	1465	8028

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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

6126	+ 0.84	1109
1465	+ 0.78	1109
2924	+ 0.75	2758
4533	+ 0.73	1109
2836	+ 0.72	1109
6126	+ 0.71	2758

High negative correlations

4533	- 0.16	3128
8028	- 0.08	3128
3128	- 0.0	2758

Risk-Adjusted Indicators

There is a big difference between Louisa Stock performing well and Louisa Professional 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 Louisa Professional'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
2758	1.08	(0.28)	0.00	(0.33)	0.00	0.00	2.63	(2.83)	7.37
2924	2.83	(0.16)	0.00	(0.25)	0.00	0.00	9.95	(7.97)	19.97
1109	0.43	(0.11)	0.00	2.94	0.00	0.00	0.82	(1.09)	2.58
2836	0.54	(0.04)	0.00	(0.99)	0.00	0.00	1.31	(0.87)	2.61
3128	0.59	0.04	(0.03)	1.85	0.71	(0.69)	1.45	(1.65)	3.79
4533	1.75	(0.27)	0.00	3.86	0.00	0.00	3.01	(4.61)	13.37
6126	1.22	(0.30)	0.00	4.67	0.00	0.00	3.42	(3.92)	11.08
1465	0.79	(0.13)	0.00	(2.89)	0.00	0.00	1.74	(1.39)	3.52
8028	2.37	(0.06)	0.00	0.23	0.00	0.00	6.67	(5.82)	13.93

Louisa Professional Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Louisa Professional stock to make a market-neutral strategy. Peer analysis of Louisa Professional could also be used in its relative valuation, which is a method of valuing Louisa Professional by comparing valuation metrics with similar companies.

Louisa Professional Coffee Cayman Tung Ling Hsing Ta Cement Bank of Kaohsiung Hi Sharp Electronics Shieh Yih Machinery Singatron Enterprise Co Wisher Industrial Co Phoenix Silicon International American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

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