Poh Huat Correlations
| 7088 Stock | 1.32 0.02 1.54% |
The current 90-days correlation between Poh Huat Resources and JF Technology BHD is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Poh Huat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Poh Huat Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Poh Huat Correlation With Market
Very good diversification
The correlation between Poh Huat Resources and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poh Huat Resources and DJI in the same portfolio, assuming nothing else is changed.
Poh |
The ability to find closely correlated positions to Poh Huat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Poh Huat 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 Poh Huat - 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 Poh Huat Resources to buy it.
Moving together with Poh Stock
Moving against Poh Stock
| 0.55 | 8869 | Press Metal Bhd | PairCorr |
| 0.52 | 1295 | Public Bank Bhd | PairCorr |
| 0.49 | 5183 | Petronas Chemicals | PairCorr |
| 0.49 | 4715 | Genting Malaysia Bhd | PairCorr |
| 0.46 | 3816 | MISC Bhd | PairCorr |
| 0.4 | 6033 | Petronas Gas Bhd | PairCorr |
| 0.34 | 1562 | Sports Toto Berhad | PairCorr |
| 0.31 | 5347 | Tenaga Nasional Bhd | PairCorr |
| 0.78 | 9008 | Omesti Bhd | PairCorr |
| 0.61 | 0126 | Microlink Solutions Bhd | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Poh Stock performing well and Poh Huat 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 Poh Huat'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1066 | 0.72 | 0.02 | 0.00 | 0.15 | 0.99 | 1.35 | 5.98 | |||
| 8273 | 0.96 | (0.07) | 0.00 | 0.87 | 0.00 | 2.47 | 6.46 | |||
| 0146 | 2.17 | 0.44 | 0.19 | (4.83) | 1.26 | 6.00 | 36.78 | |||
| 0111 | 2.77 | (0.01) | 0.00 | 0.07 | 0.00 | 6.25 | 12.13 | |||
| 8869 | 1.29 | (0.06) | 0.00 | 0.12 | 0.00 | 3.67 | 10.00 | |||
| 0208 | 1.68 | 0.03 | 0.01 | 0.08 | 1.74 | 3.41 | 13.85 | |||
| 0070 | 3.86 | (0.44) | 0.00 | (0.56) | 0.00 | 9.09 | 63.33 | |||
| 1155 | 0.54 | (0.08) | 0.00 | 2.20 | 0.00 | 0.99 | 2.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Poh Huat 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?
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