Sumco Correlations

SUMCF Stock

USD 10.46 0.19 1.85%

The current 90-days correlation between Sumco and Melexis NV is 0.03 (i.e., Significant diversification). The correlation of Sumco 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.

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

Moving together with Sumco Pink Sheet

0.64

ENTG

Entegris Tech Boost

Pair Corr

Moving against Sumco Pink Sheet

0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.62	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.48	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.32	PBCRY	Bank Central Asia Earnings Call Today	Pair Corr
0.31	PBCRF	PT Bank Central	Pair Corr
0.74	PCCYF	PetroChina	Pair Corr
0.69	AMPY	Amplify Energy Corp	Pair Corr
0.46	GOOG	Alphabet Class C	Pair Corr
0.46	KODK	Eastman Kodak	Pair Corr
0.41	PTBRY	Bank Negara Indonesia Normal Trading	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.64	KVUE	Kenvue Inc Aggressive Push	Pair Corr
0.64	OOAG	OMDA Oil	Pair Corr
0.62	LFLS	Loans4LessCom	Pair Corr

Related Correlations Analysis

	MLXSF	NRSDY	CODAF	AMSSY	HPHTF	SHCAY	TCLHF	SSLLF	SPSAF	RNSHF
MLXSF		0.77	-0.41	0.86	0.82	0.66	-0.23	0.0	0.73	0.17	MLXSF
NRSDY	0.77		-0.23	0.93	0.62	0.78	-0.39	0.44	0.85	-0.19	NRSDY
CODAF	-0.41	-0.23		-0.29	-0.2	-0.1	-0.17	0.44	-0.04	-0.52	CODAF
AMSSY	0.86	0.93	-0.29		0.72	0.84	-0.37	0.34	0.9	-0.15	AMSSY
HPHTF	0.82	0.62	-0.2	0.72		0.61	-0.15	0.04	0.71	0.16	HPHTF
SHCAY	0.66	0.78	-0.1	0.84	0.61		-0.5	0.5	0.9	-0.41	SHCAY
TCLHF	-0.23	-0.39	-0.17	-0.37	-0.15	-0.5		-0.38	-0.49	0.45	TCLHF
SSLLF	0.0	0.44	0.44	0.34	0.04	0.5	-0.38		0.5	-0.7	SSLLF
SPSAF	0.73	0.85	-0.04	0.9	0.71	0.9	-0.49	0.5		-0.4	SPSAF
RNSHF	0.17	-0.19	-0.52	-0.15	0.16	-0.41	0.45	-0.7	-0.4		RNSHF
	MLXSF	NRSDY	CODAF	AMSSY	HPHTF	SHCAY	TCLHF	SSLLF	SPSAF	RNSHF

Please upgrade your account to get full access to Macroaxis premium features

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

AMSSY	+ 0.93	NRSDY
SPSAF	+ 0.9	AMSSY
SPSAF	+ 0.9	SHCAY
AMSSY	+ 0.86	MLXSF
SPSAF	+ 0.85	NRSDY
SHCAY	+ 0.84	AMSSY

High negative correlations

RNSHF	- 0.7	SSLLF
RNSHF	- 0.52	CODAF
TCLHF	- 0.5	SHCAY
SPSAF	- 0.49	TCLHF
RNSHF	- 0.41	SHCAY
CODAF	- 0.41	MLXSF

Risk-Adjusted Indicators

There is a big difference between Sumco Pink Sheet performing well and Sumco 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 Sumco'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
MLXSF	0.87	(0.24)	0.00	(0.33)	0.00	0.00	0.00	0.00	16.70
NRSDY	0.80	(0.27)	0.00	1.51	0.00	0.00	0.00	(1.72)	16.27
CODAF	1.03	0.25	0.00	0.57	0.00	0.00	0.00	0.00	27.89
AMSSY	2.50	(0.47)	0.00	(3.09)	0.00	0.00	7.02	(10.34)	26.46
HPHTF	1.15	0.00	(0.01)	0.08	2.14	(6.32)	5.31	(4.50)	17.74
SHCAY	2.13	(0.19)	0.00	(0.23)	0.00	0.00	3.79	(4.79)	16.56
TCLHF	3.90	0.40	0.02	(0.17)	5.17	(10.20)	13.33	(10.45)	44.57
SSLLF	0.35	(0.15)	0.00	1.52	0.00	0.00	0.00	0.00	11.75
SPSAF	0.57	(0.30)	0.00	19.69	0.00	0.00	0.00	0.00	19.08
RNSHF	0.39	0.08	0.00	(1.83)	0.00	0.00	0.00	0.00	9.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sumco 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?

Run Bonds Directory Now

Bonds Directory

Find actively traded corporate debentures issued by US companies

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC