Walton Advanced Correlations

8110 Stock

TWD 13.85 0.25 1.77%

The current 90-days correlation between Walton Advanced Engi and Century Wind Power is 0.19 (i.e., Average diversification). The correlation of Walton Advanced 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.

Walton Advanced Correlation With Market

Significant diversification

The correlation between Walton Advanced Engineering and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walton Advanced Engineering and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Walton Stock

0.65

2884

ESUN Financial Holding

Pair Corr

Moving against Walton Stock

0.89	2891	CTBC Financial Holding	Pair Corr
0.89	2345	Accton Technology Corp	Pair Corr
0.86	6669	Wiwynn Corp	Pair Corr
0.84	2618	Eva Airways Corp	Pair Corr
0.83	2885	Yuanta Financial Holdings	Pair Corr
0.8	8284	Mitake Information	Pair Corr
0.79	2850	Shinkong Insurance	Pair Corr
0.76	2883	China Development	Pair Corr
0.71	2454	MediaTek	Pair Corr
0.66	1464	De Licacy Industrial	Pair Corr
0.65	5315	United Radiant Technology	Pair Corr
0.65	2356	Inventec Corp	Pair Corr
0.53	3019	Asia Optical	Pair Corr
0.49	2354	Foxconn Technology	Pair Corr
0.48	2330	Taiwan Semiconductor	Pair Corr
0.48	3217	Argosy Research	Pair Corr
0.89	2891B	CTBC Financial Holding	Pair Corr
0.88	1231	Lian Hwa Foods	Pair Corr
0.84	3036A	WT Microelectronics	Pair Corr
0.83	5530	Lungyen Life Service	Pair Corr
0.78	2379	Realtek Semiconductor	Pair Corr
0.75	3041	ALi Corp Split	Pair Corr
0.71	910861	Digital China Holdings	Pair Corr
0.7	5269	Asmedia Technology	Pair Corr
0.69	2883B	CHINA DEVELOPMENT	Pair Corr
0.57	3545	FocalTech Systems	Pair Corr
0.56	2357	Asustek Computer	Pair Corr
0.55	4571	Khgears International	Pair Corr
0.49	6223	MPI Corporation	Pair Corr
0.44	8240	Wah Hong Industrial	Pair Corr
0.42	0050	YuantaP shares Taiwan	Pair Corr
0.35	0057	Fubon MSCI Taiwan	Pair Corr
0.33	3231	Wistron Corp	Pair Corr

Related Correlations Analysis

	2072	6763	4768	4546
2072		-0.71	0.78	0.46	2072
6763	-0.71		-0.34	-0.76	6763
4768	0.78	-0.34		0.18	4768
4546	0.46	-0.76	0.18		4546
	2072	6763	4768	4546

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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

4768	+ 0.78	2072
4546	+ 0.46	2072
4546	+ 0.18	4768

High negative correlations

4546	- 0.76	6763
6763	- 0.71	2072
4768	- 0.34	6763

Risk-Adjusted Indicators

There is a big difference between Walton Stock performing well and Walton Advanced 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 Walton Advanced'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
2072	0.82	(0.22)	0.00	0.92	0.00	0.00	1.33	(1.81)	5.08
6763	3.29	0.53	0.14	(0.86)	3.01	(4.22)	9.89	(4.41)	19.94
4768	1.68	(0.42)	0.00	(2.88)	0.00	0.00	3.69	(3.48)	12.37
4546	0.79	(0.04)	0.00	(0.20)	0.00	0.00	2.27	(2.28)	6.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Walton Advanced 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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