Computer Forms Correlations
| 8044 Stock | 0.07 0.01 6.25% |
The current 90-days correlation between Computer Forms Bhd and Tex Cycle Technology is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Computer Forms moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Computer Forms Bhd moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Computer Forms Correlation With Market
Very good diversification
The correlation between Computer Forms Bhd and DJI is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Computer Forms Bhd and DJI in the same portfolio, assuming nothing else is changed.
Computer |
The ability to find closely correlated positions to Computer Forms could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Computer Forms 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 Computer Forms - 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 Computer Forms Bhd to buy it.
Moving together with Computer Stock
| 0.68 | 6888 | Axiata Group Bhd Earnings Call This Week | PairCorr |
Moving against Computer Stock
| 0.65 | 0089 | Tex Cycle Technology | PairCorr |
| 0.65 | 5517 | Shangri La Hotels | PairCorr |
| 0.6 | 8869 | Press Metal Bhd Earnings Call Tomorrow | PairCorr |
| 0.6 | 0024 | JAG Bhd | PairCorr |
| 0.59 | 4197 | Sime Darby Bhd Earnings Call This Week | PairCorr |
| 0.59 | 2836 | Carlsberg Brewery | PairCorr |
| 0.59 | 6459 | MNRB Holdings Bhd | PairCorr |
| 0.57 | 5819 | Hong Leong Bank Earnings Call Tomorrow | PairCorr |
| 0.57 | 5258 | Bank Islam Malaysia | PairCorr |
| 0.55 | 3816 | MISC Bhd | PairCorr |
| 0.55 | 2453 | Kluang Rubber | PairCorr |
| 0.55 | 5125 | Pantech Group Holdings | PairCorr |
| 0.51 | 5225 | IHH Healthcare Bhd Earnings Call This Week | PairCorr |
| 0.5 | 1899 | Batu Kawan Bhd Earnings Call This Week | PairCorr |
| 0.49 | 0129 | Silver Ridge Holdings | PairCorr |
| 0.47 | 5347 | Tenaga Nasional Bhd Earnings Call This Week | PairCorr |
| 0.47 | 5285 | Sime Darby Plantation Earnings Call This Week | PairCorr |
| 0.47 | 9431 | Seni Jaya | PairCorr |
| 0.31 | 7172 | PMB Technology Bhd | PairCorr |
| 0.72 | 1503 | GuocoLand Bhd | PairCorr |
| 0.69 | 3026 | Dutch Lady Milk | PairCorr |
| 0.69 | 1163 | Allianz Malaysia Bhd Earnings Call This Week | PairCorr |
| 0.68 | 5012 | Ta Ann Holdings | PairCorr |
| 0.67 | 1295 | Public Bank Bhd | PairCorr |
| 0.63 | 1082 | Hong Leong Financial Earnings Call This Week | PairCorr |
| 0.62 | 5176 | Sunway Real Estate | PairCorr |
| 0.6 | 5120 | AmFIRST Real Estate | PairCorr |
| 0.58 | 9288 | Bonia Bhd | PairCorr |
| 0.55 | 3794 | Lafarge Malayan Cement | PairCorr |
| 0.5 | 8206 | Eco World Develop | PairCorr |
| 0.49 | 8583 | Mah Sing Group Earnings Call Tomorrow | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Computer Stock performing well and Computer Forms 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 Computer Forms' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 0089 | 1.06 | 0.22 | 0.11 | 25.03 | 0.72 | 3.88 | 14.74 | |||
| 0167 | 3.11 | 0.06 | 0.02 | 0.12 | 3.24 | 7.69 | 18.92 | |||
| 5225 | 0.87 | 0.17 | 0.07 | (0.31) | 0.89 | 1.81 | 5.68 | |||
| 1015 | 0.77 | 0.18 | 0.12 | 1.27 | 0.65 | 1.91 | 4.57 | |||
| 0382 | 2.99 | 0.26 | 0.04 | (0.57) | 3.02 | 7.14 | 21.68 | |||
| 5819 | 0.97 | 0.21 | 0.11 | 2.12 | 1.05 | 2.37 | 10.04 | |||
| 3247 | 1.03 | 0.01 | (0.02) | (0.18) | 1.36 | 3.23 | 10.82 | |||
| 5197 | 2.55 | 0.25 | 0.02 | (0.33) | 3.15 | 8.70 | 20.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Computer Forms 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?
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