Genesyslogic Correlations

6104 Stock

TWD 170.00 8.00 4.49%

The current 90-days correlation between Genesyslogic and WiseChip Semiconductor is -0.05 (i.e., Good diversification). The correlation of Genesyslogic 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.

Genesyslogic Correlation With Market

Good diversification

The correlation between Genesyslogic and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genesyslogic and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Genesyslogic Stock

0.67	2454	MediaTek	Pair Corr
0.63	3481	Innolux Corp	Pair Corr
0.64	0053	YuantaP shares Taiwan	Pair Corr
0.67	0050	YuantaP shares Taiwan	Pair Corr
0.66	0057	Fubon MSCI Taiwan	Pair Corr

Moving against Genesyslogic Stock

0.36	2303	United Microelectronics	Pair Corr
0.36	5347	Vanguard International	Pair Corr

Related Correlations Analysis

	3105	6488	3034	9945	5245	3058	6697	6209	9921
3105		0.78	0.83	0.73	0.82	0.76	-0.65	0.8	0.86	3105
6488	0.78		0.69	0.66	0.6	0.61	-0.51	0.65	0.83	6488
3034	0.83	0.69		0.64	0.73	0.64	-0.46	0.73	0.8	3034
9945	0.73	0.66	0.64		0.65	0.68	-0.32	0.76	0.76	9945
5245	0.82	0.6	0.73	0.65		0.77	-0.41	0.75	0.83	5245
3058	0.76	0.61	0.64	0.68	0.77		-0.43	0.66	0.78	3058
6697	-0.65	-0.51	-0.46	-0.32	-0.41	-0.43		-0.43	-0.44	6697
6209	0.8	0.65	0.73	0.76	0.75	0.66	-0.43		0.74	6209
9921	0.86	0.83	0.8	0.76	0.83	0.78	-0.44	0.74		9921
	3105	6488	3034	9945	5245	3058	6697	6209	9921

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

9921	+ 0.86	3105
3034	+ 0.83	3105
9921	+ 0.83	6488
9921	+ 0.83	5245
5245	+ 0.82	3105
6209	+ 0.8	3105

High negative correlations

6697	- 0.65	3105
6697	- 0.51	6488
6697	- 0.46	3034
9921	- 0.44	6697
6209	- 0.43	6697
6697	- 0.43	3058

Risk-Adjusted Indicators

There is a big difference between Genesyslogic Stock performing well and Genesyslogic 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 Genesyslogic'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
3105	1.42	(0.23)	0.00	(0.19)	0.00	0.00	3.03	(2.90)	11.07
6488	1.08	(0.19)	0.00	3.50	0.00	0.00	2.68	(2.13)	8.69
3034	1.04	(0.17)	0.00	(0.81)	0.00	0.00	1.91	(2.55)	6.30
9945	0.91	(0.04)	0.00	(0.41)	0.00	0.00	1.56	(1.76)	7.35
5245	1.54	(0.11)	0.00	0.74	0.00	0.00	2.89	(3.45)	14.50
3058	1.35	(0.17)	0.00	2.02	0.00	0.00	2.79	(2.89)	8.09
6697	1.34	0.16	0.04	0.67	1.59	(1.67)	3.46	(2.27)	15.29
6209	0.95	(0.02)	(0.08)	0.03	1.17	(1.05)	1.98	(1.75)	5.38
9921	1.60	(0.62)	0.00	(2.03)	0.00	0.00	2.00	(4.49)	14.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Genesyslogic 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 Price Transformation Now

Price Transformation

Use Price Transformation models to analyze the depth of different equity instruments across global markets

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

2024 Macroaxis LLC