Media Prima Correlations

4502 Stock   0.47  0.00  0.00%   
The current 90-days correlation between Media Prima Bhd and PMB Technology Bhd is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Media Prima moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Media Prima Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Media Prima Correlation With Market

Good diversification

The correlation between Media Prima Bhd and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Media Prima Bhd and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Media Prima could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Media Prima 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 Media Prima - 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 Media Prima Bhd to buy it.

Moving against Media Stock

  0.343816 MISC BhdPairCorr

Related Correlations Analysis

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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   
53020131
02430131
02437172
71720131
02435302
00010131
  
High negative correlations   
02437100
71000131
71727100
53027100
024303041
530203041

Risk-Adjusted Indicators

There is a big difference between Media Stock performing well and Media Prima 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 Media Prima'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Media Prima 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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