Inalways Correlations

5398 Stock

TWD 22.60 0.35 1.53%

The current 90-days correlation between Inalways and Powercom Co is -0.07 (i.e., Good diversification). The correlation of Inalways 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.

Inalways Correlation With Market

Good diversification

The correlation between Inalways and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Inalways and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Inalways Stock

0.65

6781

Advanced Energy Solution

Pair Corr

Moving against Inalways Stock

0.77	6428	Taiwan Taomee	Pair Corr
0.76	6488	GlobalWafers	Pair Corr
0.73	1609	Ta Ya Electric	Pair Corr
0.73	4961	Fitipower Integrated	Pair Corr
0.64	6763	Green World Fintech	Pair Corr
0.62	4968	RichWave Technology Corp	Pair Corr
0.56	6409	Voltronic Power Tech	Pair Corr
0.5	4576	Hiwin Mikrosystem Corp	Pair Corr
0.47	1514	Allis Electric	Pair Corr
0.43	3520	Jhen Vei Electronic	Pair Corr
0.4	3211	Dynapack International	Pair Corr
0.39	3552	Tung Thih Electronic	Pair Corr

Related Correlations Analysis

	5488	3043	4589	3308	6164	4556	4550	911608	2061	3018
5488		0.7	-0.01	0.12	0.1	-0.47	0.38	0.34	0.76	0.68	5488
3043	0.7		0.07	-0.2	-0.29	-0.36	0.08	0.29	0.71	0.65	3043
4589	-0.01	0.07		-0.08	-0.05	0.01	0.0	-0.03	-0.05	0.08	4589
3308	0.12	-0.2	-0.08		0.67	0.21	0.8	-0.38	0.07	-0.4	3308
6164	0.1	-0.29	-0.05	0.67		0.1	0.59	-0.58	0.05	-0.51	6164
4556	-0.47	-0.36	0.01	0.21	0.1		0.03	-0.19	-0.36	-0.38	4556
4550	0.38	0.08	0.0	0.8	0.59	0.03		-0.33	0.25	-0.11	4550
911608	0.34	0.29	-0.03	-0.38	-0.58	-0.19	-0.33		0.36	0.63	911608
2061	0.76	0.71	-0.05	0.07	0.05	-0.36	0.25	0.36		0.49	2061
3018	0.68	0.65	0.08	-0.4	-0.51	-0.38	-0.11	0.63	0.49		3018
	5488	3043	4589	3308	6164	4556	4550	911608	2061	3018

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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

4550	+ 0.8	3308
2061	+ 0.76	5488
2061	+ 0.71	3043
3043	+ 0.7	5488
3018	+ 0.68	5488
6164	+ 0.67	3308

High negative correlations

911608	- 0.58	6164
3018	- 0.51	6164
4556	- 0.47	5488
3018	- 0.4	3308
3018	- 0.38	4556
911608	- 0.38	3308

Risk-Adjusted Indicators

There is a big difference between Inalways Stock performing well and Inalways 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 Inalways' 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
5488	0.77	(0.09)	0.00	(0.70)	0.00	0.00	1.87	(1.48)	5.13
3043	1.37	(0.09)	0.00	1.12	0.00	0.00	2.80	(2.52)	14.49
4589	0.78	(0.01)	0.00	0.18	0.00	0.00	2.62	(1.99)	9.15
3308	1.96	0.52	0.22	2.24	1.40	(2.82)	8.79	(2.77)	15.21
6164	1.93	0.32	0.11	2.26	1.68	(2.69)	9.74	(2.90)	16.39
4556	1.26	0.31	0.18	2.33	0.72	(1.86)	5.70	(1.64)	10.35
4550	0.60	0.05	(0.06)	0.64	0.69	(0.73)	1.38	(1.02)	7.09
911608	1.30	(0.09)	0.00	2.14	0.00	0.00	2.70	(2.05)	10.93
2061	1.52	(0.09)	0.00	(0.49)	0.00	0.00	3.66	(3.69)	13.70
3018	0.70	(0.21)	0.00	(6.05)	0.00	0.00	1.27	(1.83)	9.89

Be your own money manager

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