Yuan High Correlations

5474 Stock

TWD 167.50 3.50 2.05%

The current 90-days correlation between Yuan High Tech and An Shin Food Services is 0.21 (i.e., Modest diversification). The correlation of Yuan High 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.

Yuan High Correlation With Market

Good diversification

The correlation between Yuan High Tech Development and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yuan High Tech Development and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Yuan Stock

0.63	2330	Taiwan Semiconductor	Pair Corr
0.64	2454	MediaTek	Pair Corr
0.72	2891B	CTBC Financial Holding	Pair Corr
0.62	3008	LARGAN Precision	Pair Corr
0.62	0050	YuantaP shares Taiwan	Pair Corr

Moving against Yuan Stock

0.65	4558	ALFORMER Industrial	Pair Corr
0.51	2354	Foxconn Technology	Pair Corr
0.44	6763	Green World Fintech	Pair Corr
0.4	4546	Chaheng Precision	Pair Corr
0.39	4768	Ingentec	Pair Corr

Related Correlations Analysis

	1259	4728	1733	1201	4130	3176	2062	2061
1259		-0.6	-0.09	0.3	0.26	0.87	0.59	0.76	1259
4728	-0.6		-0.1	0.16	-0.35	-0.52	-0.35	-0.55	4728
1733	-0.09	-0.1		-0.58	0.03	-0.15	-0.02	-0.34	1733
1201	0.3	0.16	-0.58		-0.18	0.3	0.33	0.48	1201
4130	0.26	-0.35	0.03	-0.18		0.44	0.01	0.19	4130
3176	0.87	-0.52	-0.15	0.3	0.44		0.4	0.71	3176
2062	0.59	-0.35	-0.02	0.33	0.01	0.4		0.61	2062
2061	0.76	-0.55	-0.34	0.48	0.19	0.71	0.61		2061
	1259	4728	1733	1201	4130	3176	2062	2061

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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

3176	+ 0.87	1259
2061	+ 0.76	1259
2061	+ 0.71	3176
2061	+ 0.61	2062
2062	+ 0.59	1259
2061	+ 0.48	1201

High negative correlations

4728	- 0.6	1259
1201	- 0.58	1733
2061	- 0.55	4728
3176	- 0.52	4728
2062	- 0.35	4728
4130	- 0.35	4728

Risk-Adjusted Indicators

There is a big difference between Yuan Stock performing well and Yuan High 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 Yuan High'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
1259	0.47	(0.14)	0.00	11.30	0.00	0.00	0.79	(1.35)	3.60
4728	0.86	0.05	0.02	(0.30)	0.99	(0.97)	2.03	(1.61)	5.18
1733	0.73	0.03	0.01	(1.55)	0.86	(0.87)	2.28	(1.40)	5.06
1201	0.35	(0.05)	0.00	(0.29)	0.00	0.00	0.57	(0.84)	3.31
4130	0.85	0.18	0.22	0.42	0.42	(1.54)	1.81	(1.18)	8.00
3176	1.01	(0.22)	0.00	3.06	0.00	0.00	2.64	(2.46)	7.00
2062	2.32	(0.23)	0.00	1.30	0.00	0.00	6.17	(3.88)	14.49
2061	1.41	(0.45)	0.00	(1.79)	0.00	0.00	2.56	(3.72)	8.62

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