Answer Technology Correlations

3528 Stock

71.00 0.80 1.11%

The current 90-days correlation between Answer Technology and Leatec Fine Ceramics is -0.03 (i.e., Good diversification). The correlation of Answer Technology 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.

Answer Technology Correlation With Market

Weak diversification

The correlation between Answer Technology Co and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Answer Technology Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Answer Stock

0.66	1434	Formosa Taffeta Earnings Call This Week	Pair Corr
0.65	5011	OFCO Industrial	Pair Corr
0.65	2414	Unitech Computer	Pair Corr
0.65	8016	Sitronix Technology Corp	Pair Corr

Moving against Answer Stock

0.53	6638	Goldtek Technology	Pair Corr
0.51	3232	Sentronic International	Pair Corr
0.48	6123	GrandTech CG Systems	Pair Corr
0.48	3224	MetaTech AP	Pair Corr
0.42	6140	Dimension Computer	Pair Corr
0.38	6737	Solid Year	Pair Corr
0.34	3325	Casing Macron Technology	Pair Corr

Related Correlations Analysis

	6127	6209	1777	5236	6606	3073	2485	2412	00923	4714
6127		0.46	-0.84	0.07	0.56	0.2	0.67	0.7	0.7	0.68	6127
6209	0.46		-0.43	-0.08	0.48	0.08	0.37	0.29	0.35	0.64	6209
1777	-0.84	-0.43		-0.03	-0.53	-0.02	-0.78	-0.67	-0.79	-0.62	1777
5236	0.07	-0.08	-0.03		0.27	0.05	0.38	0.55	0.48	0.02	5236
6606	0.56	0.48	-0.53	0.27		0.44	0.56	0.45	0.49	0.58	6606
3073	0.2	0.08	-0.02	0.05	0.44		0.16	-0.04	0.04	0.36	3073
2485	0.67	0.37	-0.78	0.38	0.56	0.16		0.69	0.87	0.53	2485
2412	0.7	0.29	-0.67	0.55	0.45	-0.04	0.69		0.83	0.39	2412
00923	0.7	0.35	-0.79	0.48	0.49	0.04	0.87	0.83		0.45	00923
4714	0.68	0.64	-0.62	0.02	0.58	0.36	0.53	0.39	0.45		4714
	6127	6209	1777	5236	6606	3073	2485	2412	00923	4714

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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

00923	+ 0.87	2485
00923	+ 0.83	2412
2412	+ 0.7	6127
00923	+ 0.7	6127
2412	+ 0.69	2485
4714	+ 0.68	6127

High negative correlations

1777	- 0.84	6127
00923	- 0.79	1777
2485	- 0.78	1777
2412	- 0.67	1777
4714	- 0.62	1777
6606	- 0.53	1777

Risk-Adjusted Indicators

There is a big difference between Answer Stock performing well and Answer Technology 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 Answer Technology'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
6127	3.28	0.54	0.17	0.61	2.87	(4.20)	9.94	(4.59)	17.37
6209	2.87	0.23	0.06	0.47	3.10	(3.43)	6.86	(5.14)	18.33
1777	0.51	(0.10)	0.00	(0.75)	0.00	0.00	1.10	(1.30)	2.96
5236	1.25	0.06	0.00	0.71	1.61	(1.33)	2.58	(2.86)	7.15
6606	0.69	0.02	(0.08)	(0.18)	0.65	(0.98)	1.72	(0.99)	5.65
3073	2.60	0.10	0.03	0.21	2.84	(3.23)	9.96	(5.44)	19.16
2485	4.29	1.60	0.41	1.94	3.07	(5.28)	10.00	(5.98)	19.99
2412	0.46	0.05	(0.02)	0.66	0.38	(0.65)	1.15	(0.76)	2.97
00923	1.02	0.39	0.27	3.62	0.79	(1.20)	2.81	(1.59)	6.43
4714	1.58	0.00	(0.04)	0.07	1.76	(1.86)	3.90	(3.11)	9.75

Be your own money manager

Our tools can tell you how much better you can do entering a position in Answer Technology 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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