San Fu Correlations

4755 Stock

TWD 138.50 0.50 0.36%

The current 90-days correlation between San Fu Chemical and Leader Electronics is 0.21 (i.e., Modest diversification). The correlation of San Fu 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.

San Fu Correlation With Market

Significant diversification

The correlation between San Fu Chemical and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding San Fu Chemical and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against San Stock

0.37	1235	Shin Tai Industry	Pair Corr
0.33	2103	TSRC Corp	Pair Corr

Related Correlations Analysis

	2308	9945	5245	3034	3058	3152	6697	6209	9921	2882A
2308		0.08	-0.15	-0.21	-0.3	0.1	0.62	0.07	-0.33	0.38	2308
9945	0.08		0.65	0.51	0.67	0.28	-0.3	0.77	0.59	-0.27	9945
5245	-0.15	0.65		0.74	0.77	0.27	-0.41	0.74	0.84	-0.42	5245
3034	-0.21	0.51	0.74		0.7	0.14	-0.59	0.61	0.81	-0.27	3034
3058	-0.3	0.67	0.77	0.7		0.02	-0.43	0.61	0.85	-0.62	3058
3152	0.1	0.28	0.27	0.14	0.02		-0.27	0.53	0.17	0.16	3152
6697	0.62	-0.3	-0.41	-0.59	-0.43	-0.27		-0.36	-0.59	0.32	6697
6209	0.07	0.77	0.74	0.61	0.61	0.53	-0.36		0.6	-0.19	6209
9921	-0.33	0.59	0.84	0.81	0.85	0.17	-0.59	0.6		-0.64	9921
2882A	0.38	-0.27	-0.42	-0.27	-0.62	0.16	0.32	-0.19	-0.64		2882A
	2308	9945	5245	3034	3058	3152	6697	6209	9921	2882A

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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

9921	+ 0.85	3058
9921	+ 0.84	5245
9921	+ 0.81	3034
6209	+ 0.77	9945
3058	+ 0.77	5245
3034	+ 0.74	5245

High negative correlations

2882A	- 0.64	9921
2882A	- 0.62	3058
9921	- 0.59	6697
6697	- 0.59	3034
6697	- 0.43	3058
2882A	- 0.42	5245

Risk-Adjusted Indicators

There is a big difference between San Stock performing well and San Fu 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 San Fu'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
2308	1.33	0.18	0.05	0.84	1.51	(1.54)	2.85	(2.38)	11.60
9945	0.94	(0.02)	(0.09)	(0.05)	1.18	(1.04)	1.80	(1.85)	7.35
5245	1.54	(0.11)	0.00	0.74	0.00	0.00	2.89	(3.45)	14.50
3034	1.04	(0.12)	0.00	(0.44)	0.00	0.00	1.97	(2.55)	8.21
3058	1.35	(0.17)	0.00	2.02	0.00	0.00	2.79	(2.89)	8.09
3152	1.91	0.21	0.02	(0.26)	1.81	(2.40)	4.35	(2.94)	12.61
6697	1.34	0.16	0.04	0.67	1.59	(1.67)	3.46	(2.27)	15.29
6209	0.98	(0.02)	(0.08)	0.02	1.22	(1.05)	1.98	(2.15)	5.38
9921	1.66	(0.69)	0.00	(3.07)	0.00	0.00	2.00	(5.13)	14.43
2882A	0.10	0.01	(0.50)	0.50	0.00	(0.26)	0.33	(0.16)	0.82

Be your own money manager

Our tools can tell you how much better you can do entering a position in San Fu 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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