Alpha Systems Correlations

AN5 Stock

EUR 20.60 0.20 0.96%

The current 90-days correlation between Alpha Systems and msg life ag is -0.03 (i.e., Good diversification). The correlation of Alpha Systems 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.

Alpha Systems Correlation With Market

Excellent diversification

The correlation between Alpha Systems and DJI is -0.57 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpha Systems and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Alpha Stock

0.68	BZG2	PT Bank Central	Pair Corr
0.66	BZG2	BANK CENTRAL ASIA	Pair Corr

Moving against Alpha Stock

0.77	SVKB	SANDVIK	Pair Corr
0.67	TWZ	Trican Well Service Earnings Call This Week	Pair Corr
0.63	SKNB	Skanska AB	Pair Corr
0.58	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.56	CVC1	Carnival plc	Pair Corr
0.54	SII	Wheaton Precious Metals	Pair Corr
0.52	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.51	SZG	Salzgitter AG	Pair Corr
0.5	3RB	RECKITT BENCK GRP	Pair Corr
0.48	RATV	Raisio plc	Pair Corr
0.48	AED	Grupo Aeroportuario del	Pair Corr
0.48	3YL	SMARTOPTICS GRP AS Earnings Call This Week	Pair Corr
0.48	1SZ0	Santacruz Silver Mining Split	Pair Corr
0.46	BYRA	PT Bank Rakyat	Pair Corr
0.45	7GA	Gestamp Automoción	Pair Corr
0.41	LA3A	Laureate Education Earnings Call This Week	Pair Corr
0.39	ALV	Allianz SE	Pair Corr
0.38	PQ9	BANK MANDIRI	Pair Corr
0.33	TCW	TOKYU STRUCTION	Pair Corr
0.76	NQG	Monolithic Power Systems	Pair Corr
0.73	HIUC	China Taiping Insurance	Pair Corr
0.69	PPQ	PPG INDUSTRIES	Pair Corr
0.68	01H	HORIBA	Pair Corr
0.66	43C	CACTUS INC CLA	Pair Corr
0.65	FPP0	ALTYNGOLD PLC LS	Pair Corr
0.63	ELG	Elmos Semiconductor	Pair Corr
0.61	ASME	ASML Holding NV	Pair Corr

Related Correlations Analysis

	MSGL	JY0	CTNK	94P	DVDG	BTC1	RS6	9K1	9TO	SVKB
MSGL		-0.53	0.86	0.14	0.88	-0.75	0.89	0.59	0.82	0.85	MSGL
JY0	-0.53		-0.52	-0.08	-0.4	0.49	-0.32	-0.21	-0.25	-0.25	JY0
CTNK	0.86	-0.52		0.03	0.83	-0.56	0.85	0.44	0.75	0.82	CTNK
94P	0.14	-0.08	0.03		0.11	-0.15	0.11	0.22	0.1	0.07	94P
DVDG	0.88	-0.4	0.83	0.11		-0.75	0.95	0.73	0.95	0.93	DVDG
BTC1	-0.75	0.49	-0.56	-0.15	-0.75		-0.71	-0.68	-0.69	-0.75	BTC1
RS6	0.89	-0.32	0.85	0.11	0.95	-0.71		0.69	0.91	0.95	RS6
9K1	0.59	-0.21	0.44	0.22	0.73	-0.68	0.69		0.72	0.71	9K1
9TO	0.82	-0.25	0.75	0.1	0.95	-0.69	0.91	0.72		0.9	9TO
SVKB	0.85	-0.25	0.82	0.07	0.93	-0.75	0.95	0.71	0.9		SVKB
	MSGL	JY0	CTNK	94P	DVDG	BTC1	RS6	9K1	9TO	SVKB

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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

RS6	+ 0.95	DVDG
9TO	+ 0.95	DVDG
SVKB	+ 0.95	RS6
SVKB	+ 0.93	DVDG
9TO	+ 0.91	RS6
SVKB	+ 0.9	9TO

High negative correlations

SVKB	- 0.75	BTC1
BTC1	- 0.75	DVDG
BTC1	- 0.75	MSGL
RS6	- 0.71	BTC1
9TO	- 0.69	BTC1
9K1	- 0.68	BTC1

Risk-Adjusted Indicators

There is a big difference between Alpha Stock performing well and Alpha Systems 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 Alpha Systems' 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
MSGL	0.62	0.13	0.05	(0.80)	0.55	(1.05)	2.15	(1.11)	5.41
JY0	2.01	(0.39)	0.00	(0.22)	0.00	0.00	4.67	(5.96)	33.83
CTNK	2.49	0.78	0.23	(17.97)	1.85	(4.05)	6.38	(4.35)	21.29
94P	1.87	(0.02)	0.00	(0.12)	0.00	0.00	3.44	(3.93)	11.80
DVDG	0.47	0.15	0.14	(3.52)	0.34	(0.53)	1.00	(0.65)	3.06
BTC1	2.30	(0.62)	0.00	(0.79)	0.00	0.00	3.98	(5.63)	14.40
RS6	1.21	0.34	0.28	0.93	0.76	(1.53)	3.18	(1.57)	5.55
9K1	1.52	0.31	0.11	(0.39)	1.64	(2.01)	3.87	(2.79)	12.62
9TO	2.06	0.54	0.20	(8.58)	1.91	(2.68)	5.26	(2.82)	13.02
SVKB	1.16	0.43	0.24	0.78	1.19	(1.31)	3.05	(2.01)	6.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Alpha Systems 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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Alpha Systems Corporate Management

Elected by the shareholders, the Alpha Systems' board of directors comprises two types of representatives: Alpha Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alpha. The board's role is to monitor Alpha Systems' management team and ensure that shareholders' interests are well served. Alpha Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Alpha Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.

Nobuyuki Watanabe	Managing Division	Profile
Yuko Ishikawa	Chairperson	Profile
Kiyoshi Saito	Pres Director	Profile
Seiichirou Nishimura	Senior Division	Profile
Yasuhiko Ito	Executive Division	Profile
Kazuhiro Kubota	Senior Division	Profile
Tomoyuki Hamanaka	Operating Officer	Profile

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