Kossan Rubber Correlations

7153 Stock

2.35 0.01 0.42%

The current 90-days correlation between Kossan Rubber Industries and Greatech Technology Bhd is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kossan Rubber moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kossan Rubber Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kossan Rubber Correlation With Market

Good diversification

The correlation between Kossan Rubber Industries and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kossan Rubber Industries and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kossan Stock

0.95	7113	Top Glove	Pair Corr
0.98	5168	Hartalega Holdings Bhd	Pair Corr
0.84	7106	Supermax Bhd	Pair Corr
0.93	0251	SFP Tech Holdings	Pair Corr
0.71	0146	JF Technology BHD	Pair Corr
0.61	0208	Greatech Technology Bhd	Pair Corr
0.85	5292	Uwc Bhd	Pair Corr
0.63	0097	ViTrox Bhd	Pair Corr
0.87	0017	XOX Technology Bhd	Pair Corr
0.84	2836	Carlsberg Brewery	Pair Corr
0.85	0320	Steel Hawk Berhad	Pair Corr
0.77	5053	OSK Holdings Bhd	Pair Corr
0.87	5286	MI Technovation Bhd	Pair Corr
0.74	8052	Central Industrial Corp	Pair Corr
0.74	0075	Lyc Healthcare Bhd	Pair Corr
0.67	5011	Mesiniaga Bhd	Pair Corr
0.67	2488	Alliance Financial	Pair Corr
0.78	5070	Protasco Bhd	Pair Corr
0.61	5219	PESTECH International Bhd	Pair Corr
0.73	5317	CPE Technology Berhad	Pair Corr
0.84	0104	Genetec Technology Bhd	Pair Corr
0.73	5302	Aurelius Technologies Bhd	Pair Corr

Moving against Kossan Stock

0.44

8044

Computer Forms Bhd

Pair Corr

Related Correlations Analysis

	0208	5149	7232	0277	2542	5100	0100
0208		-0.18	0.7	0.6	-0.31	0.22	0.62	0208
5149	-0.18		-0.33	-0.68	0.29	-0.13	-0.12	5149
7232	0.7	-0.33		0.63	-0.31	0.28	0.55	7232
0277	0.6	-0.68	0.63		-0.42	0.15	0.44	0277
2542	-0.31	0.29	-0.31	-0.42		0.01	-0.12	2542
5100	0.22	-0.13	0.28	0.15	0.01		0.28	5100
0100	0.62	-0.12	0.55	0.44	-0.12	0.28		0100
	0208	5149	7232	0277	2542	5100	0100

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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

7232	+ 0.7	0208
0277	+ 0.63	7232
0100	+ 0.62	0208
0277	+ 0.6	0208
0100	+ 0.55	7232
0100	+ 0.44	0277

High negative correlations

0277	- 0.68	5149
2542	- 0.42	0277
7232	- 0.33	5149
2542	- 0.31	7232
2542	- 0.31	0208
5149	- 0.18	0208

Risk-Adjusted Indicators

There is a big difference between Kossan Stock performing well and Kossan Rubber 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 Kossan Rubber'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
0208	1.59	0.21	0.10	(1.60)	1.61	(2.10)	3.41	(3.46)	13.85
5149	1.42	0.03	0.01	0.10	1.49	(3.18)	4.76	(3.03)	13.50
7232	1.19	0.03	0.00	1.09	1.40	(2.50)	3.13	(2.94)	11.11
0277	1.92	0.28	0.10	(0.47)	1.83	(2.91)	4.60	(3.53)	15.94
2542	1.40	(0.08)	0.00	(0.11)	0.00	0.00	2.94	(4.17)	8.66
5100	0.98	(0.02)	0.00	0.29	0.00	0.00	1.69	(2.40)	11.17
0100	2.49	(0.04)	0.00	(0.04)	0.00	0.00	7.14	(6.67)	13.81

Be your own money manager

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