ASM Pacific Correlations
| ASMVFDelisted Stock | USD 7.18 0.00 0.00% |
The current 90-days correlation between ASM Pacific Technology and Sumco Corp ADR is 0.05 (i.e., Significant diversification). The correlation of ASM Pacific 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.
ASM Pacific Correlation With Market
Very poor diversification
The correlation between ASM Pacific Technology and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASM Pacific Technology and DJI in the same portfolio, assuming nothing else is changed.
ASM |
The ability to find closely correlated positions to ASM Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASM Pacific 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 ASM Pacific - 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 ASM Pacific Technology to buy it.
Moving together with ASM Pink Sheet
| 0.94 | ASML | ASML Holding NV | PairCorr |
| 0.95 | LRCX | Lam Research Corp | PairCorr |
| 0.89 | AMAT | Applied Materials | PairCorr |
| 0.95 | ASMLF | ASML Holding NV | PairCorr |
| 0.87 | KLAC | KLA Tencor | PairCorr |
| 0.93 | TOELY | Tokyo Electron | PairCorr |
| 0.95 | TOELF | Tokyo Electron | PairCorr |
| 0.83 | TER | Teradyne | PairCorr |
| 0.91 | ENTG | Entegris | PairCorr |
| 0.94 | ASMIY | ASM International Earnings Call Tomorrow | PairCorr |
| 0.95 | MTNOF | MTN Group Limited | PairCorr |
| 0.79 | GOLD | Gold Inc Symbol Change | PairCorr |
| 0.81 | PSA-PJ | Public Storage | PairCorr |
| 0.82 | FGFI | First Greenwich Financial | PairCorr |
| 0.91 | FGBIP | First Guaranty Bancshares | PairCorr |
| 0.87 | NPKI | NPK International | PairCorr |
| 0.85 | SRXXF | SPARX Group | PairCorr |
| 0.81 | SYANY | Sydbank AS ADR | PairCorr |
| 0.75 | SBFFF | SBM Offshore NV | PairCorr |
| 0.85 | WGO | Winnebago Industries | PairCorr |
| 0.7 | BRER | Bresler Reiner | PairCorr |
| 0.75 | PAC | Grupo Aeroportuario del | PairCorr |
| 0.84 | MT | ArcelorMittal SA ADR | PairCorr |
| 0.93 | MDDVF | Medical Developments | PairCorr |
| 0.86 | BCPC | Balchem | PairCorr |
| 0.63 | CSBI | Carroll Shelby Inter | PairCorr |
| 0.88 | EE | Excelerate Energy Earnings Call This Week | PairCorr |
Moving against ASM Pink Sheet
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 ASM Pink Sheet performing well and ASM Pacific 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 ASM Pacific'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SUOPY | 2.27 | 0.72 | 0.22 | (5.89) | 2.07 | 6.25 | 14.02 | |||
| MLXSF | 0.50 | 0.27 | 0.00 | (0.78) | 0.00 | 0.00 | 16.70 | |||
| SUMCF | 3.44 | 0.72 | 0.16 | (12.89) | 3.43 | 7.95 | 23.68 | |||
| ROHCF | 1.03 | 0.53 | 0.00 | 21.66 | 0.00 | 0.00 | 14.85 | |||
| ASOZF | 0.83 | (0.39) | 0.00 | 3.02 | 0.00 | 0.00 | 15.75 | |||
| RPYTF | 0.78 | (0.42) | 0.00 | 11.55 | 0.00 | 0.00 | 18.75 | |||
| HROEY | 0.84 | 0.23 | 0.00 | 0.34 | 0.00 | 1.17 | 12.87 | |||
| HRSEF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SGAMF | 0.27 | 0.12 | 0.00 | 1.90 | 0.00 | 0.00 | 8.55 | |||
| SEKEY | 1.00 | 0.14 | 0.07 | 0.54 | 1.09 | 2.36 | 6.16 |
ASM Pacific Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ASM Pacific pink sheet to make a market-neutral strategy. Peer analysis of ASM Pacific could also be used in its relative valuation, which is a method of valuing ASM Pacific by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ASM Pacific Corporate Management
| Choon Kong | Company Secretary | Profile | |
| Pua Wee | VP Officer | Profile | |
| Yifan Xu | VP CFO | Profile | |
| Leonard Lee | Sr Relations | Profile | |
| Choon Lim | CoCEO Group | Profile |
Still Interested in ASM Pacific Technology?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.