PESTECH International Correlations
5219 Stock | 0.19 0.01 5.56% |
The current 90-days correlation between PESTECH International Bhd and Kobay Tech Bhd is -0.07 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PESTECH International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PESTECH International Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
PESTECH International Correlation With Market
Very good diversification
The correlation between PESTECH International Bhd and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PESTECH International Bhd and DJI in the same portfolio, assuming nothing else is changed.
PESTECH |
The ability to find closely correlated positions to PESTECH International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PESTECH International 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 PESTECH International - 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 PESTECH International Bhd to buy it.
Moving together with PESTECH Stock
0.89 | 8311 | Pesona Metro Holdings | PairCorr |
0.63 | 8052 | Central Industrial Corp | PairCorr |
0.77 | 5070 | Protasco Bhd | PairCorr |
0.63 | 3255 | Heineken Bhd | PairCorr |
0.62 | 0208 | Greatech Technology Bhd | PairCorr |
0.63 | 5292 | Uwc Bhd | PairCorr |
0.76 | 0104 | Genetec Technology Bhd | PairCorr |
0.67 | 0251 | SFP Tech Holdings | PairCorr |
0.88 | 0097 | ViTrox Bhd | PairCorr |
0.83 | 5053 | OSK Holdings Bhd | PairCorr |
0.9 | 7106 | Supermax Bhd | PairCorr |
0.75 | 7232 | Resintech Bhd | PairCorr |
0.68 | 5011 | Mesiniaga Bhd | PairCorr |
0.61 | 7113 | Top Glove | PairCorr |
Moving against PESTECH Stock
0.62 | 5169 | Ho Hup Construction | PairCorr |
0.46 | 5296 | Mr D I | PairCorr |
0.42 | 8192 | Mercury Industries Bhd | PairCorr |
0.34 | 4707 | Nestle Bhd | PairCorr |
Related Correlations Analysis
0.59 | 0.72 | 0.68 | 0.74 | 0.83 | 0.8 | 6971 | ||
0.59 | 0.47 | 0.44 | 0.24 | 0.45 | 0.71 | 5317 | ||
0.72 | 0.47 | 0.63 | 0.42 | 0.8 | 0.59 | 0111 | ||
0.68 | 0.44 | 0.63 | 0.52 | 0.68 | 0.6 | 0208 | ||
0.74 | 0.24 | 0.42 | 0.52 | 0.59 | 0.59 | 0089 | ||
0.83 | 0.45 | 0.8 | 0.68 | 0.59 | 0.74 | 0167 | ||
0.8 | 0.71 | 0.59 | 0.6 | 0.59 | 0.74 | 0277 | ||
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Risk-Adjusted Indicators
There is a big difference between PESTECH Stock performing well and PESTECH International 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 PESTECH International'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
6971 | 2.43 | 0.05 | 0.02 | 0.07 | 2.41 | 5.71 | 16.76 | |||
5317 | 1.60 | 0.04 | 0.01 | 0.45 | 2.21 | 4.49 | 16.70 | |||
0111 | 3.37 | 0.09 | 0.01 | (1.83) | 3.50 | 6.25 | 16.99 | |||
0208 | 1.59 | 0.21 | 0.10 | (1.60) | 1.61 | 3.41 | 13.85 | |||
0089 | 0.75 | 0.00 | (0.01) | 0.00 | 0.95 | 2.83 | 10.65 | |||
0167 | 3.55 | 0.39 | 0.07 | (0.46) | 3.10 | 10.71 | 20.95 | |||
0277 | 1.92 | 0.28 | 0.10 | (0.47) | 1.83 | 4.60 | 15.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PESTECH International 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?
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