Sumco Correlations

SUMCF Stock

USD 9.35 0.60 6.03%

The current 90-days correlation between Sumco and Melexis NV is 0.01 (i.e., Significant diversification). The correlation of Sumco 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.

Sumco Correlation With Market

Significant diversification

The correlation between Sumco and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sumco and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sumco Pink Sheet

0.89	ASML	ASML Holding NV	Pair Corr
0.89	ASMLF	ASML Holding NV	Pair Corr
0.8	LRCX	Lam Research Corp Aggressive Push	Pair Corr
0.8	AMAT	Applied Materials Earnings Call This Week	Pair Corr
0.77	KLAC	KLA Tencor	Pair Corr
0.71	TOELY	Tokyo Electron	Pair Corr
0.8	TOELF	Tokyo Electron	Pair Corr
0.91	ASMIY	ASM International	Pair Corr
0.87	ASMXF	ASM International	Pair Corr
0.83	CRNT	Ceragon Networks Earnings Call This Week	Pair Corr
0.8	HTWSF	Helios Towers plc	Pair Corr
0.61	PRS	Prudential Financial	Pair Corr
0.72	LTRCF	LotteryLimited	Pair Corr
0.79	PXPHF	Pexip Holding ASA	Pair Corr
0.67	WBD	Warner Bros Discovery	Pair Corr
0.68	MGMNF	Magna Mining	Pair Corr
0.67	KGFHY	Kingfisher PLC ADR	Pair Corr

Moving against Sumco Pink Sheet

0.74	NSFDF	NXT Energy Solutions	Pair Corr
0.51	ADVWW	Advantage Solutions	Pair Corr
0.46	CUBI	Customers Bancorp	Pair Corr
0.44	GLABF	Gemina Laboratories	Pair Corr
0.48	ULTXF	Ultra Resources	Pair Corr

Related Correlations Analysis

	MLXSF	HRSEF	TSYHY	AMSSY	CODAF	SHCAF	SSLLF	NDCVF	SEKEY	AUOTY
MLXSF		0.0	-0.06	0.16	-0.02	0.16	0.0	0.27	0.15	0.12	MLXSF
HRSEF	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	HRSEF
TSYHY	-0.06	0.0		-0.57	-0.73	0.06	-0.46	-0.18	-0.09	-0.27	TSYHY
AMSSY	0.16	0.0	-0.57		0.4	-0.3	0.57	0.32	0.22	0.11	AMSSY
CODAF	-0.02	0.0	-0.73	0.4		-0.14	0.52	-0.08	0.14	-0.1	CODAF
SHCAF	0.16	0.0	0.06	-0.3	-0.14		-0.7	0.39	0.12	0.57	SHCAF
SSLLF	0.0	0.0	-0.46	0.57	0.52	-0.7		-0.05	-0.15	-0.46	SSLLF
NDCVF	0.27	0.0	-0.18	0.32	-0.08	0.39	-0.05		0.26	0.48	NDCVF
SEKEY	0.15	0.0	-0.09	0.22	0.14	0.12	-0.15	0.26		0.39	SEKEY
AUOTY	0.12	0.0	-0.27	0.11	-0.1	0.57	-0.46	0.48	0.39		AUOTY
	MLXSF	HRSEF	TSYHY	AMSSY	CODAF	SHCAF	SSLLF	NDCVF	SEKEY	AUOTY

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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

SSLLF	+ 0.57	AMSSY
AUOTY	+ 0.57	SHCAF
SSLLF	+ 0.52	CODAF
AUOTY	+ 0.48	NDCVF
CODAF	+ 0.4	AMSSY
NDCVF	+ 0.39	SHCAF

High negative correlations

CODAF	- 0.73	TSYHY
SSLLF	- 0.7	SHCAF
AMSSY	- 0.57	TSYHY
AUOTY	- 0.46	SSLLF
SSLLF	- 0.46	TSYHY
SHCAF	- 0.3	AMSSY

Risk-Adjusted Indicators

There is a big difference between Sumco Pink Sheet performing well and Sumco 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 Sumco'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
MLXSF	0.69	0.31	0.00	1.30	0.00	0.00	0.00	0.00	22.17
HRSEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSYHY	1.78	(0.20)	0.00	(0.50)	0.00	0.00	3.34	(3.76)	12.79
AMSSY	1.39	(0.07)	0.00	(0.05)	0.00	0.00	4.50	(5.73)	22.10
CODAF	3.32	1.48	0.00	1.40	0.00	0.00	11.01	0.00	86.43
SHCAF	0.87	0.26	0.00	(1.26)	0.00	0.00	0.00	0.00	41.56
SSLLF	0.83	0.37	0.00	(4.70)	0.00	0.00	0.18	0.00	24.02
NDCVF	1.90	(0.11)	(0.02)	0.01	2.56	(3.41)	4.35	(4.83)	27.97
SEKEY	1.23	(0.13)	0.00	(0.02)	0.00	0.00	2.32	(2.88)	9.15
AUOTY	2.18	(0.16)	0.00	(0.62)	0.00	0.00	4.67	(5.24)	12.82

Be your own money manager

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