Asia Standard Correlations

ASASF Stock

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The current 90-days correlation between Asia Standard Intern and Kr1 PLC is -0.23 (i.e., Very good diversification). The correlation of Asia Standard 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.

Asia Standard Correlation With Market

Excellent diversification

The correlation between Asia Standard International 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 Asia Standard International and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Asia Pink Sheet

0.84	IVSXF	Investor AB	Pair Corr
0.83	IVSBF	Investor AB ser	Pair Corr
0.79	BK	Bank of New York	Pair Corr
0.72	BX	Blackstone Group	Pair Corr
0.7	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.7	SAR	Saratoga Investment Corp	Pair Corr
0.61	HLT	Hilton Worldwide Holdings	Pair Corr
0.57	BLK	BlackRock	Pair Corr
0.53	ACN	Accenture plc	Pair Corr
0.5	VLKPF	Volkswagen AG VZO	Pair Corr
0.48	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.41	APO	Apollo Global Management	Pair Corr
0.41	VLKAF	Volkswagen AG	Pair Corr
0.4	ARES	Ares Management LP	Pair Corr
0.4	VWAGY	Volkswagen AG 110	Pair Corr
0.84	KMFG	KMFG	Pair Corr
0.79	RH	RH	Pair Corr
0.73	MNHVF	Mowi ASA	Pair Corr
0.66	FIVE	Five Below	Pair Corr
0.66	AEM	Agnico Eagle Mines	Pair Corr
0.6	RDEXF	Red Pine Exploration	Pair Corr
0.59	KGC	Kinross Gold Aggressive Push	Pair Corr
0.59	USAS	Americas Silver Corp Trending	Pair Corr
0.49	MGDDY	Compagnie Generale des	Pair Corr
0.46	LMND	Lemonade	Pair Corr
0.45	AIZ	Assurant	Pair Corr
0.34	KEYS	Keysight Technologies	Pair Corr
0.33	DE	Deere Company	Pair Corr

Related Correlations Analysis

	CLSPF	BXLC	KROEF	BBXIA	ABIT	BCBNF	FBSI	WAYS	IMAQ	DMGGF
CLSPF		0.0	-0.58	0.1	-0.8	0.14	0.64	0.0	-0.62	-0.48	CLSPF
BXLC	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BXLC
KROEF	-0.58	0.0		-0.35	0.68	0.27	-0.73	0.0	0.56	0.79	KROEF
BBXIA	0.1	0.0	-0.35		-0.27	-0.07	0.32	0.0	-0.4	-0.35	BBXIA
ABIT	-0.8	0.0	0.68	-0.27		0.02	-0.84	0.0	0.77	0.77	ABIT
BCBNF	0.14	0.0	0.27	-0.07	0.02		-0.12	0.0	0.01	0.47	BCBNF
FBSI	0.64	0.0	-0.73	0.32	-0.84	-0.12		0.0	-0.7	-0.75	FBSI
WAYS	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WAYS
IMAQ	-0.62	0.0	0.56	-0.4	0.77	0.01	-0.7	0.0		0.58	IMAQ
DMGGF	-0.48	0.0	0.79	-0.35	0.77	0.47	-0.75	0.0	0.58		DMGGF
	CLSPF	BXLC	KROEF	BBXIA	ABIT	BCBNF	FBSI	WAYS	IMAQ	DMGGF

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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

DMGGF	+ 0.79	KROEF
IMAQ	+ 0.77	ABIT
DMGGF	+ 0.77	ABIT
ABIT	+ 0.68	KROEF
FBSI	+ 0.64	CLSPF
DMGGF	+ 0.58	IMAQ

High negative correlations

FBSI	- 0.84	ABIT
ABIT	- 0.8	CLSPF
DMGGF	- 0.75	FBSI
FBSI	- 0.73	KROEF
IMAQ	- 0.7	FBSI
IMAQ	- 0.62	CLSPF

Risk-Adjusted Indicators

There is a big difference between Asia Pink Sheet performing well and Asia Standard 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 Asia Standard'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
CLSPF	0.77	0.41	0.00	(2.16)	0.00	0.00	1.68	0.00	12.71
BXLC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KROEF	7.80	0.09	0.02	0.09	9.79	(16.48)	29.17	(22.58)	75.25
BBXIA	3.44	0.50	0.06	(0.28)	3.73	(7.41)	9.85	(7.64)	43.86
ABIT	7.27	(1.73)	0.00	(0.98)	0.00	0.00	14.58	(16.67)	48.57
BCBNF	2.18	(0.03)	(0.02)	0.02	2.32	(3.59)	4.41	(4.23)	18.23
FBSI	1.85	0.33	0.03	(2.52)	2.83	(8.41)	4.91	(2.74)	31.80
WAYS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IMAQ	0.51	(0.07)	0.00	0.87	0.00	0.00	0.00	(1.51)	9.97
DMGGF	4.79	(0.82)	0.00	(0.24)	0.00	0.00	10.00	(10.71)	31.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in Asia Standard 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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