Great Wall Correlations

1210 Stock

TWD 51.50 0.30 0.59%

The current 90-days correlation between Great Wall Enterprise and CTCI Corp is -0.2 (i.e., Good diversification). The correlation of Great Wall 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.

Great Wall Correlation With Market

Very good diversification

The correlation between Great Wall Enterprise and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Great Wall Enterprise and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Great Stock

0.7	2357	Asustek Computer	Pair Corr
0.65	2603	Evergreen Marine Corp	Pair Corr
0.52	3293	International Games	Pair Corr
0.42	0057	Fubon MSCI Taiwan	Pair Corr

Related Correlations Analysis

	1218	9945	6438	6127	9933	6697	6209	1777	9921	6414
1218		0.79	-0.2	0.29	0.54	0.06	0.83	0.21	0.49	0.4	1218
9945	0.79		-0.15	0.41	0.48	0.11	0.75	0.34	0.36	0.46	9945
6438	-0.2	-0.15		0.4	-0.76	0.45	-0.01	0.34	-0.88	0.56	6438
6127	0.29	0.41	0.4		-0.14	0.42	0.4	0.19	-0.29	0.76	6127
9933	0.54	0.48	-0.76	-0.14		-0.23	0.5	0.14	0.82	-0.12	9933
6697	0.06	0.11	0.45	0.42	-0.23		0.2	0.15	-0.36	0.44	6697
6209	0.83	0.75	-0.01	0.4	0.5	0.2		0.54	0.3	0.57	6209
1777	0.21	0.34	0.34	0.19	0.14	0.15	0.54		-0.15	0.35	1777
9921	0.49	0.36	-0.88	-0.29	0.82	-0.36	0.3	-0.15		-0.35	9921
6414	0.4	0.46	0.56	0.76	-0.12	0.44	0.57	0.35	-0.35		6414
	1218	9945	6438	6127	9933	6697	6209	1777	9921	6414

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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

6209	+ 0.83	1218
9921	+ 0.82	9933
9945	+ 0.79	1218
6414	+ 0.76	6127
6209	+ 0.75	9945
6414	+ 0.57	6209

High negative correlations

9921	- 0.88	6438
9933	- 0.76	6438
9921	- 0.36	6697
6414	- 0.35	9921
9921	- 0.29	6127
6697	- 0.23	9933

Risk-Adjusted Indicators

There is a big difference between Great Stock performing well and Great Wall 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 Great Wall'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
1218	0.76	(0.08)	0.00	(0.30)	0.00	0.00	1.76	(1.72)	9.10
9945	1.42	(0.15)	0.00	(0.19)	0.00	0.00	2.90	(2.42)	11.32
6438	2.39	0.87	0.27	2.59	2.01	(2.93)	9.70	(3.68)	13.93
6127	2.10	(0.09)	0.00	(0.17)	0.00	0.00	6.26	(4.10)	13.91
9933	1.04	(0.31)	0.00	(0.84)	0.00	0.00	1.90	(1.91)	9.38
6697	1.50	0.05	0.00	(0.31)	2.26	(1.82)	2.33	(3.19)	15.29
6209	1.37	(0.16)	0.00	(0.15)	0.00	0.00	2.38	(3.25)	11.59
1777	0.78	(0.10)	0.00	(2.43)	0.00	0.00	1.97	(1.68)	6.55
9921	2.00	(0.41)	0.00	(1.59)	0.00	0.00	3.45	(5.19)	14.43
6414	1.37	(0.02)	(0.02)	(0.01)	2.33	(1.52)	2.45	(4.11)	13.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Great Wall 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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