Quaser Machine Correlations

4563 Stock

54.50 0.70 1.30%

The current 90-days correlation between Quaser Machine Tools and Anderson Industrial Corp is 0.11 (i.e., Average diversification). The correlation of Quaser Machine 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.

Quaser Machine Correlation With Market

Significant diversification

The correlation between Quaser Machine Tools and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Quaser Machine Tools and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Quaser Stock

0.68	6438	Symtek Automation Asia	Pair Corr
0.75	5269	Asmedia Technology	Pair Corr
0.62	5425	Taiwan Semiconductor	Pair Corr

Moving against Quaser Stock

0.43	2421	Sunonwealth Electric	Pair Corr
0.31	6706	Fittech	Pair Corr
0.64	6805	FOSITEK P	Pair Corr
0.45	2752	Tofu Restaurant	Pair Corr
0.38	4132	Golden Biotechnology	Pair Corr
0.34	3522	Toplus Global	Pair Corr
0.33	2515	BES Engineering Split	Pair Corr
0.33	1303	Nan Ya Plastics	Pair Corr
0.32	6669	Wiwynn Corp	Pair Corr
0.62	6781	Advanced Energy Solution	Pair Corr
0.51	4943	Concraft Holding	Pair Corr

Related Correlations Analysis

	2250	3485	4537	1528	6982	3498	4552	3580	1586
2250		-0.41	-0.54	-0.36	0.6	-0.41	-0.72	-0.18	-0.24	2250
3485	-0.41		0.95	0.95	0.06	0.57	0.51	0.91	0.22	3485
4537	-0.54	0.95		0.9	0.03	0.57	0.57	0.87	0.23	4537
1528	-0.36	0.95	0.9		0.03	0.6	0.55	0.89	0.26	1528
6982	0.6	0.06	0.03	0.03		0.06	-0.28	0.35	-0.08	6982
3498	-0.41	0.57	0.57	0.6	0.06		0.63	0.6	0.54	3498
4552	-0.72	0.51	0.57	0.55	-0.28	0.63		0.39	0.17	4552
3580	-0.18	0.91	0.87	0.89	0.35	0.6	0.39		0.2	3580
1586	-0.24	0.22	0.23	0.26	-0.08	0.54	0.17	0.2		1586
	2250	3485	4537	1528	6982	3498	4552	3580	1586

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

4537	+ 0.95	3485
1528	+ 0.95	3485
3580	+ 0.91	3485
1528	+ 0.9	4537
3580	+ 0.89	1528
3580	+ 0.87	4537

High negative correlations

4552	- 0.72	2250
4537	- 0.54	2250
3498	- 0.41	2250
3485	- 0.41	2250
1528	- 0.36	2250
4552	- 0.28	6982

Risk-Adjusted Indicators

There is a big difference between Quaser Stock performing well and Quaser Machine 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 Quaser Machine'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
2250	1.37	(0.17)	0.00	(0.38)	0.00	0.00	2.93	(3.28)	8.80
3485	2.15	0.92	0.33	(1.18)	1.34	(2.95)	5.26	(3.81)	23.01
4537	2.60	0.94	0.29	(1.34)	2.14	(3.42)	6.35	(3.66)	23.88
1528	3.13	1.08	0.37	3.24	2.05	(4.17)	9.88	(4.11)	17.35
6982	1.14	(0.08)	0.00	(0.37)	0.00	0.00	2.93	(1.85)	7.97
3498	2.31	0.25	0.06	(2.83)	2.56	(2.76)	5.38	(3.78)	16.68
4552	0.93	0.07	0.01	0.26	1.01	(1.33)	2.19	(1.84)	9.31
3580	1.78	0.26	0.09	1.15	1.88	(1.98)	4.14	(3.55)	12.96
1586	1.94	0.28	0.07	5.62	2.24	(2.02)	5.03	(3.46)	16.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Quaser Machine 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.

Did you try this?

Run Share Portfolio Now

Share Portfolio

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC