Dimension Computer Correlations

6140 Stock

TWD 21.80 0.80 3.54%

The current 90-days correlation between Dimension Computer and Sunflex Tech Co is 0.06 (i.e., Significant diversification). The correlation of Dimension Computer 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.

Dimension Computer Correlation With Market

Pay attention - limited upside

The correlation between Dimension Computer Technology and DJI is -0.71 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dimension Computer Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dimension Stock

0.93	6123	GrandTech CG Systems	Pair Corr
0.71	3232	Sentronic International	Pair Corr
0.88	3325	Casing Macron Technology	Pair Corr

Moving against Dimension Stock

0.79	6776	Weblink International	Pair Corr
0.6	3444	Niching Industrial	Pair Corr
0.6	6728	Up Young Cornerstone	Pair Corr
0.6	6788	Brillian Network Aut	Pair Corr
0.35	3528	Answer Technology	Pair Corr
0.9	7728	Enli Technology CoLtd	Pair Corr
0.87	7709	7709	Pair Corr
0.81	3508	Ways Technical	Pair Corr
0.79	4533	Shieh Yih Machinery	Pair Corr
0.74	1434	Formosa Taffeta Earnings Call This Week	Pair Corr
0.65	4904	Far EasTone Telecomm	Pair Corr
0.63	5011	OFCO Industrial	Pair Corr
0.63	6934	6934	Pair Corr
0.62	6473	meimaii Technology	Pair Corr
0.61	5488	Sunf Pu Technology	Pair Corr
0.54	6652	Eusol Biotech CoLtd	Pair Corr
0.35	9110	Vietnam Manufacturing and	Pair Corr
0.85	6598	Applied BioCode Earnings Call This Week	Pair Corr
0.82	8016	Sitronix Technology Corp	Pair Corr
0.79	4121	Rossmax International	Pair Corr
0.77	2409	AU Optronics	Pair Corr

Related Correlations Analysis

	6697	3390	3511	8068	6980	3609	5212	6597	8272
6697		-0.25	-0.2	-0.35	-0.58	0.84	0.28	0.08	0.69	6697
3390	-0.25		0.75	0.83	0.16	-0.65	0.21	-0.3	-0.5	3390
3511	-0.2	0.75		0.78	0.16	-0.58	0.41	-0.53	-0.34	3511
8068	-0.35	0.83	0.78		0.3	-0.67	0.24	-0.59	-0.47	8068
6980	-0.58	0.16	0.16	0.3		-0.47	-0.42	-0.26	-0.39	6980
3609	0.84	-0.65	-0.58	-0.67	-0.47		0.05	0.26	0.72	3609
5212	0.28	0.21	0.41	0.24	-0.42	0.05		-0.34	0.15	5212
6597	0.08	-0.3	-0.53	-0.59	-0.26	0.26	-0.34		0.04	6597
8272	0.69	-0.5	-0.34	-0.47	-0.39	0.72	0.15	0.04		8272
	6697	3390	3511	8068	6980	3609	5212	6597	8272

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

3609	+ 0.84	6697
8068	+ 0.83	3390
8068	+ 0.78	3511
3511	+ 0.75	3390
8272	+ 0.72	3609
8272	+ 0.69	6697

High negative correlations

3609	- 0.67	8068
3609	- 0.65	3390
6597	- 0.59	8068
3609	- 0.58	3511
6980	- 0.58	6697
6597	- 0.53	3511

Risk-Adjusted Indicators

There is a big difference between Dimension Stock performing well and Dimension Computer 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 Dimension Computer'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
6697	0.80	(0.14)	0.00	(0.45)	0.00	0.00	2.02	(2.20)	5.52
3390	1.75	0.29	0.14	(1.36)	1.52	(2.14)	6.17	(2.65)	11.66
3511	1.53	0.10	0.04	0.57	1.76	(1.75)	3.91	(2.72)	9.59
8068	2.52	0.35	0.14	0.33	2.30	(3.26)	9.88	(4.63)	15.68
6980	6.45	1.79	0.34	2.90	4.30	(8.57)	20.88	(8.28)	41.25
3609	1.69	(0.55)	0.00	7.88	0.00	0.00	2.44	(4.50)	11.33
5212	0.98	(0.07)	0.00	(0.50)	0.00	0.00	2.38	(1.88)	7.00
6597	2.26	(0.06)	0.00	(0.16)	0.00	0.00	6.86	(5.38)	15.92
8272	0.98	(0.12)	0.00	1.45	0.00	0.00	2.75	(1.79)	6.94

Be your own money manager

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