Techcom Vietnam Correlations

FUCVREIT

8,070 240.00 2.89%

The current 90-days correlation between Techcom Vietnam REIT and Vietnam Petroleum Transport is 0.04 (i.e., Significant diversification). The correlation of Techcom Vietnam 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.

Techcom Vietnam Correlation With Market

Significant diversification

The correlation between Techcom Vietnam REIT and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Techcom Vietnam REIT and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Techcom Stock

0.73	FIT	FIT INVEST JSC	Pair Corr
0.82	ADS	Damsan JSC	Pair Corr
0.82	AAA	An Phat Plastic	Pair Corr
0.88	AME	Alphanam ME	Pair Corr
0.81	ABT	Bentre Aquaproduct Import	Pair Corr
0.91	CTS	VietinBank Securities JSC	Pair Corr
0.83	C69	1369 Construction JSC	Pair Corr
0.85	HCM	Ho Chi Minh	Pair Corr
0.87	VNI	VN Index	Pair Corr
0.67	MSN	Masan Group Corp	Pair Corr
0.63	BCM	Investment and Industrial	Pair Corr
0.85	VND	VNDIRECT Securities Corp	Pair Corr
0.87	SHS	SHS	Pair Corr
0.75	PDR	Phat Dat Real Split	Pair Corr
0.76	HDG	Ha Do Group	Pair Corr
0.64	TN1	TNS Holdings JSC Split	Pair Corr
0.65	HHS	Hoang Huy Investment	Pair Corr
0.74	API	Asia Pacific Investment	Pair Corr
0.77	VNM	Vietnam Dairy Products	Pair Corr
0.8	VC3	Vietnam Construction JSC	Pair Corr
0.88	VIX	VIX Securities JSC	Pair Corr
0.89	CEO	CEO Group JSC	Pair Corr
0.71	KDH	Khang Dien House Split	Pair Corr
0.75	IDI	International Development	Pair Corr

Related Correlations Analysis

	VIP	AGR	DGC	POT	SVT	SAB
VIP		0.9	0.12	0.56	-0.17	-0.03	VIP
AGR	0.9		0.06	0.61	0.0	-0.15	AGR
DGC	0.12	0.06		-0.45	0.28	0.56	DGC
POT	0.56	0.61	-0.45		-0.09	-0.48	POT
SVT	-0.17	0.0	0.28	-0.09		0.01	SVT
SAB	-0.03	-0.15	0.56	-0.48	0.01		SAB
	VIP	AGR	DGC	POT	SVT	SAB

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

AGR	+ 0.9	VIP
POT	+ 0.61	AGR
POT	+ 0.56	VIP
SAB	+ 0.56	DGC
SVT	+ 0.28	DGC
DGC	+ 0.12	VIP

High negative correlations

SAB	- 0.48	POT
POT	- 0.45	DGC
SVT	- 0.17	VIP
SAB	- 0.15	AGR
SVT	- 0.09	POT
SAB	- 0.03	VIP

Risk-Adjusted Indicators

There is a big difference between Techcom Stock performing well and Techcom Vietnam 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 Techcom Vietnam'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
VIP	1.04	0.12	(0.02)	(0.59)	1.33	(1.25)	2.97	(1.85)	8.84
AGR	2.21	0.33	0.06	(1.07)	2.56	(2.58)	5.33	(4.99)	13.79
DGC	1.13	0.00	0.00	0.12	0.00	0.00	2.36	(2.17)	7.12
POT	4.09	0.58	0.07	(1.05)	4.57	(5.03)	9.60	(8.11)	19.36
SVT	0.79	(0.14)	0.00	0.65	0.00	0.00	1.53	(1.74)	14.10
SAB	0.80	(0.10)	0.00	0.66	0.00	0.00	1.62	(1.71)	6.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Techcom Vietnam 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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