Groundhog Correlations

6906 Stock

79.70 7.20 9.93%

The current 90-days correlation between Groundhog and U Best Polymer Industry is -0.1 (i.e., Good diversification). The correlation of Groundhog 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.

Groundhog Correlation With Market

Pay attention - limited upside

The correlation between Groundhog and DJI is -0.81 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Groundhog and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Groundhog Stock

0.83	2882	Cathay Financial Holding	Pair Corr
0.8	2330	Taiwan Semiconductor	Pair Corr
0.76	6015	Horizon Securities	Pair Corr
0.75	2454	MediaTek	Pair Corr
0.71	4720	Tex Year Industries	Pair Corr
0.7	2303	United Microelectronics	Pair Corr
0.7	5523	Fong Chien Construction	Pair Corr
0.67	1303	Nan Ya Plastics	Pair Corr
0.66	2308	Delta Electronics Earnings Call Today	Pair Corr
0.66	3131	Grand Plastic Technology	Pair Corr
0.64	2412	Chunghwa Telecom	Pair Corr
0.55	7709	7709	Pair Corr
0.37	1301	Formosa Plastics Corp	Pair Corr
0.76	6598	Applied BioCode	Pair Corr
0.76	2884	ESUN Financial Holding	Pair Corr
0.74	2409	AU Optronics	Pair Corr
0.71	6182	Wafer Works	Pair Corr
0.69	8016	Sitronix Technology Corp	Pair Corr
0.59	4533	Shieh Yih Machinery	Pair Corr
0.54	5434	Topco Scientific	Pair Corr
0.51	1434	Formosa Taffeta	Pair Corr
0.47	4121	Rossmax International	Pair Corr
0.45	6916	Winstar Display	Pair Corr
0.35	2612	Chinese Maritime Tra	Pair Corr
0.33	6166	ADLINK Technology	Pair Corr
0.83	7728	Enli Technology CoLtd	Pair Corr
0.73	6613	Nova Technology	Pair Corr
0.71	6127	Leatec Fine Ceramics	Pair Corr
0.61	3508	Ways Technical	Pair Corr
0.58	2603	Evergreen Marine Corp	Pair Corr
0.57	8081	Global Mixed Mode	Pair Corr
0.53	5011	OFCO Industrial	Pair Corr
0.51	2329	Orient Semiconductor	Pair Corr

Related Correlations Analysis

	6127	6209	1777	5236	3073	2485	2412	00923	4714
6127		0.47	-0.84	-0.12	0.22	0.66	0.7	0.7	0.63	6127
6209	0.47		-0.53	-0.33	0.06	0.46	0.28	0.38	0.42	6209
1777	-0.84	-0.53		0.21	-0.03	-0.83	-0.68	-0.84	-0.45	1777
5236	-0.12	-0.33	0.21		0.07	0.06	0.36	0.24	0.16	5236
3073	0.22	0.06	-0.03	0.07		0.19	-0.02	0.07	0.35	3073
2485	0.66	0.46	-0.83	0.06	0.19		0.6	0.87	0.45	2485
2412	0.7	0.28	-0.68	0.36	-0.02	0.6		0.82	0.44	2412
00923	0.7	0.38	-0.84	0.24	0.07	0.87	0.82		0.45	00923
4714	0.63	0.42	-0.45	0.16	0.35	0.45	0.44	0.45		4714
	6127	6209	1777	5236	3073	2485	2412	00923	4714

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

00923	+ 0.87	2485
00923	+ 0.82	2412
2412	+ 0.7	6127
00923	+ 0.7	6127
2485	+ 0.66	6127
4714	+ 0.63	6127

High negative correlations

00923	- 0.84	1777
1777	- 0.84	6127
2485	- 0.83	1777
2412	- 0.68	1777
1777	- 0.53	6209
4714	- 0.45	1777

Risk-Adjusted Indicators

There is a big difference between Groundhog Stock performing well and Groundhog 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 Groundhog'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
6127	3.33	0.56	0.11	(0.47)	3.09	(4.13)	9.94	(4.62)	17.37
6209	2.87	0.51	0.10	(0.51)	3.04	(3.39)	7.36	(5.14)	18.33
1777	0.50	(0.10)	0.00	1.31	0.00	0.00	1.05	(1.30)	2.96
5236	1.29	0.00	0.00	0.09	0.00	0.00	2.58	(2.86)	7.15
3073	2.72	0.05	(0.01)	(6.67)	3.21	(3.15)	9.96	(5.53)	19.16
2485	4.05	1.63	0.35	(0.74)	3.04	(4.87)	9.98	(5.98)	19.99
2412	0.39	0.04	(0.11)	(0.47)	0.34	(0.56)	0.77	(0.76)	1.92
00923	1.00	0.34	0.21	34.35	0.82	(1.19)	2.83	(1.70)	6.42
4714	1.60	0.05	0.00	0.04	0.00	0.00	3.90	(3.11)	9.75

Groundhog Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Groundhog stock to make a market-neutral strategy. Peer analysis of Groundhog could also be used in its relative valuation, which is a method of valuing Groundhog by comparing valuation metrics with similar companies.

Leatec Fine Ceramics Kinko Optical Co SYN Tech Chem Pharm Sunplus Innovation Technology Teamphon Energy Co Zinwell Chunghwa Telecom Co Capital Tip Customized U Best Polymer Industry American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

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

2026 Macroaxis LLC