Sun Brothers Correlations

3489 Stock

TWD 21.30 0.35 1.62%

The current 90-days correlation between Sun Brothers Development and Sheng Yi Development is 0.05 (i.e., Significant diversification). The correlation of Sun Brothers 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.

Sun Brothers Correlation With Market

Significant diversification

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

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

Moving together with Sun Stock

0.81	5534	Chong Hong Construction	Pair Corr
0.63	6177	Da Li Development	Pair Corr
0.79	2345	Accton Technology Corp	Pair Corr
0.69	3522	Toplus Global	Pair Corr
0.62	1303	Nan Ya Plastics	Pair Corr
0.93	3055	Spirox Corp	Pair Corr
0.9	8499	Top Bright Holding	Pair Corr

Moving against Sun Stock

0.67	5508	Yungshin Construction	Pair Corr
0.67	4108	Phytohealth Corp	Pair Corr
0.67	3556	eGalaxeMPIA Technology	Pair Corr
0.6	1808	Run Long Construction Split	Pair Corr
0.49	5215	Ko Ja Cayman	Pair Corr
0.42	6674	Compal Broadband Networks	Pair Corr
0.37	2534	Hung Sheng Construction	Pair Corr
0.76	3206	Kingstate Electronics	Pair Corr
0.5	2515	BES Engineering Split	Pair Corr

Related Correlations Analysis

	5455	9902	6264	6219	5529	6171	3512	2537	2506	2596
5455		-0.43	0.23	-0.19	0.56	0.09	-0.14	0.51	-0.12	0.02	5455
9902	-0.43		-0.44	0.11	-0.12	0.27	0.29	-0.01	-0.15	0.32	9902
6264	0.23	-0.44		0.07	-0.31	-0.36	-0.32	-0.08	0.59	-0.5	6264
6219	-0.19	0.11	0.07		0.03	0.36	0.33	0.3	0.26	0.16	6219
5529	0.56	-0.12	-0.31	0.03		0.5	0.28	0.71	-0.52	0.47	5529
6171	0.09	0.27	-0.36	0.36	0.5		0.74	0.65	-0.47	0.76	6171
3512	-0.14	0.29	-0.32	0.33	0.28	0.74		0.54	-0.56	0.76	3512
2537	0.51	-0.01	-0.08	0.3	0.71	0.65	0.54		-0.47	0.63	2537
2506	-0.12	-0.15	0.59	0.26	-0.52	-0.47	-0.56	-0.47		-0.78	2506
2596	0.02	0.32	-0.5	0.16	0.47	0.76	0.76	0.63	-0.78		2596
	5455	9902	6264	6219	5529	6171	3512	2537	2506	2596

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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

2596	+ 0.76	6171
2596	+ 0.76	3512
3512	+ 0.74	6171
2537	+ 0.71	5529
2537	+ 0.65	6171
2596	+ 0.63	2537

High negative correlations

2596	- 0.78	2506
2506	- 0.56	3512
2506	- 0.52	5529
2596	- 0.5	6264
2506	- 0.47	2537
2506	- 0.47	6171

Risk-Adjusted Indicators

There is a big difference between Sun Stock performing well and Sun Brothers 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 Sun Brothers' 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
5455	0.66	(0.02)	0.00	0.42	0.00	0.00	2.08	(1.84)	5.95
9902	1.77	0.23	0.07	(0.65)	1.77	(2.47)	4.48	(2.86)	16.60
6264	1.10	(0.10)	0.00	5.27	0.00	0.00	2.61	(2.14)	14.15
6219	1.55	(0.14)	0.00	(0.17)	0.00	0.00	2.95	(3.09)	12.45
5529	1.35	0.06	0.01	0.21	2.14	(1.24)	3.27	(3.61)	13.78
6171	0.56	0.00	(0.08)	0.04	0.68	(0.75)	1.27	(1.23)	5.33
3512	0.77	0.02	(0.03)	(1.58)	1.01	(1.01)	1.46	(1.83)	12.99
2537	1.50	(0.05)	0.00	(0.10)	0.00	0.00	3.49	(2.93)	13.98
2506	0.35	(0.09)	0.00	(1.71)	0.00	0.00	0.94	(1.04)	2.60
2596	1.28	0.27	0.10	1.26	1.56	(1.49)	3.39	(2.35)	13.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sun Brothers 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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