Aeon Credit Correlations

5139 Stock

5.87 0.11 1.84%

The current 90-days correlation between Aeon Credit Service and Sports Toto Berhad is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aeon Credit moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aeon Credit Service moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aeon Credit Correlation With Market

Average diversification

The correlation between Aeon Credit Service and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aeon Credit Service and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Aeon Stock

0.66

8044

Computer Forms Bhd

Pair Corr

Moving against Aeon Stock

0.91	1015	AMMB Holdings Bhd	Pair Corr
0.8	0097	ViTrox Bhd	Pair Corr
0.74	0251	SFP Tech Holdings	Pair Corr
0.74	0146	JF Technology BHD	Pair Corr
0.71	2488	Alliance Financial	Pair Corr
0.65	5292	Uwc Bhd	Pair Corr
0.45	0208	Greatech Technology Bhd	Pair Corr

Related Correlations Analysis

	8273	8869	5797	0195	1562	7216	5160	4162
8273		0.56	-0.67	-0.39	-0.39	-0.22	0.61	-0.23	8273
8869	0.56		-0.51	-0.41	-0.11	-0.37	0.58	-0.31	8869
5797	-0.67	-0.51		0.47	0.19	0.49	-0.74	0.27	5797
0195	-0.39	-0.41	0.47		-0.37	0.72	-0.8	0.58	0195
1562	-0.39	-0.11	0.19	-0.37		-0.53	0.23	-0.26	1562
7216	-0.22	-0.37	0.49	0.72	-0.53		-0.73	0.55	7216
5160	0.61	0.58	-0.74	-0.8	0.23	-0.73		-0.46	5160
4162	-0.23	-0.31	0.27	0.58	-0.26	0.55	-0.46		4162
	8273	8869	5797	0195	1562	7216	5160	4162

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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

7216	+ 0.72	0195
5160	+ 0.61	8273
5160	+ 0.58	8869
4162	+ 0.58	0195
8869	+ 0.56	8273
4162	+ 0.55	7216

High negative correlations

5160	- 0.8	0195
5160	- 0.74	5797
5160	- 0.73	7216
5797	- 0.67	8273
7216	- 0.53	1562
5797	- 0.51	8869

Risk-Adjusted Indicators

There is a big difference between Aeon Stock performing well and Aeon Credit 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 Aeon Credit'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
8273	0.92	(0.02)	0.00	1.53	0.00	0.00	2.44	(1.30)	8.72
8869	1.32	(0.02)	(0.02)	0.06	1.53	(1.73)	3.88	(3.32)	10.00
5797	1.05	(0.16)	0.00	1.01	0.00	0.00	2.82	(2.74)	14.55
0195	1.54	(0.28)	0.00	(0.28)	0.00	0.00	5.00	(5.00)	10.82
1562	0.92	0.02	(0.05)	(0.06)	1.28	(1.10)	1.96	(1.96)	7.16
7216	0.77	(0.08)	0.00	(0.32)	0.00	0.00	1.25	(1.84)	4.21
5160	0.91	0.22	0.07	1.23	0.72	(2.12)	1.89	(1.75)	5.52
4162	0.80	(0.03)	(0.08)	(0.01)	1.00	(1.06)	0.95	(1.30)	15.42

Be your own money manager

Our tools can tell you how much better you can do entering a position in Aeon Credit 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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