Creative Sensor Correlations

8249 Stock

TWD 62.20 1.40 2.30%

The current 90-days correlation between Creative Sensor and Evertop Wire Cable is 0.44 (i.e., Very weak diversification). The correlation of Creative Sensor 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.

Creative Sensor Correlation With Market

Poor diversification

The correlation between Creative Sensor and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Creative Sensor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Creative Stock

0.79	2330	Taiwan Semiconductor	Pair Corr
0.69	2885	Yuanta Financial Holdings	Pair Corr
0.71	2880	Hua Nan Financial	Pair Corr
0.81	2740	Mr Onion	Pair Corr
0.81	1434	Formosa Taffeta	Pair Corr
0.8	2454	MediaTek	Pair Corr
0.82	6015	Horizon Securities	Pair Corr
0.63	6133	Golden Bridge Electech	Pair Corr
0.69	6182	Wafer Works	Pair Corr
0.71	6443	TSEC Corp	Pair Corr
0.91	6146	Sporton International Earnings Call This Week	Pair Corr
0.72	8049	Ampire	Pair Corr
0.76	6488	GlobalWafers	Pair Corr
0.84	1269	Kanpai	Pair Corr
0.75	6223	MPI Corporation	Pair Corr
0.65	6417	Securitag Assembly	Pair Corr
0.8	4106	Wellell	Pair Corr
0.71	3550	Copartner Technology Corp	Pair Corr

Moving against Creative Stock

0.52

2886

Mega Financial Holding

Pair Corr

Related Correlations Analysis

	1616	2420	3501	2433	3003	2489	1597	8109	2641	5511
1616		0.21	0.14	0.38	0.48	-0.08	0.21	0.04	0.07	-0.07	1616
2420	0.21		0.8	-0.44	0.72	0.48	0.78	0.7	0.32	0.63	2420
3501	0.14	0.8		-0.68	0.57	0.62	0.89	0.82	0.06	0.77	3501
2433	0.38	-0.44	-0.68		-0.12	-0.76	-0.7	-0.77	0.2	-0.73	2433
3003	0.48	0.72	0.57	-0.12		0.39	0.61	0.49	0.3	0.46	3003
2489	-0.08	0.48	0.62	-0.76	0.39		0.79	0.75	-0.25	0.59	2489
1597	0.21	0.78	0.89	-0.7	0.61	0.79		0.87	0.1	0.76	1597
8109	0.04	0.7	0.82	-0.77	0.49	0.75	0.87		0.05	0.85	8109
2641	0.07	0.32	0.06	0.2	0.3	-0.25	0.1	0.05		0.09	2641
5511	-0.07	0.63	0.77	-0.73	0.46	0.59	0.76	0.85	0.09		5511
	1616	2420	3501	2433	3003	2489	1597	8109	2641	5511

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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

1597	+ 0.89	3501
8109	+ 0.87	1597
5511	+ 0.85	8109
8109	+ 0.82	3501
3501	+ 0.8	2420
1597	+ 0.79	2489

High negative correlations

8109	- 0.77	2433
2489	- 0.76	2433
5511	- 0.73	2433
1597	- 0.7	2433
2433	- 0.68	3501
2433	- 0.44	2420

Risk-Adjusted Indicators

There is a big difference between Creative Stock performing well and Creative Sensor 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 Creative Sensor'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
1616	1.36	(0.12)	0.00	(1.01)	0.00	0.00	2.33	(3.05)	8.27
2420	0.81	(0.02)	0.00	(0.12)	0.00	0.00	1.60	(1.61)	4.00
3501	1.20	(0.01)	(0.04)	(0.02)	1.34	(1.59)	2.55	(2.66)	13.49
2433	0.25	(0.05)	0.00	7.47	0.00	0.00	0.42	(0.63)	1.72
3003	1.10	0.06	0.00	3.65	1.30	(1.20)	2.71	(2.20)	6.12
2489	2.78	1.06	0.38	366.59	1.90	(3.67)	9.84	(4.88)	15.58
1597	1.50	0.07	0.01	0.34	1.59	(1.99)	3.48	(2.84)	11.26
8109	1.23	0.11	0.05	0.22	1.42	(1.46)	2.94	(2.68)	9.13
2641	1.23	(0.09)	0.00	(0.16)	0.00	0.00	2.82	(2.27)	7.38
5511	0.78	0.09	0.03	1.48	0.83	(0.96)	1.90	(1.85)	6.44

Be your own money manager

Our tools can tell you how much better you can do entering a position in Creative Sensor 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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