Sumco Correlations

SUMCF Stock

USD 8.32 0.37 4.26%

The current 90-days correlation between Sumco and Asm Pacific Technology is -0.1 (i.e., Good 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

Modest diversification

The correlation between Sumco and DJI is 0.2 (i.e., Modest 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

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0.68	ASMLF	ASML Holding NV	Pair Corr
0.86	AMAT	Applied Materials	Pair Corr
0.81	LRCX	Lam Research Corp	Pair Corr
0.8	KLAC	KLA Tencor Earnings Call This Week	Pair Corr
0.88	TOELY	Tokyo Electron	Pair Corr
0.84	TOELF	Tokyo Electron	Pair Corr
0.69	ASMXF	ASM International Earnings Call This Week	Pair Corr
0.82	LSRCY	Lasertec	Pair Corr
0.73	CICHF	China Construction Bank	Pair Corr
0.77	IGI	Western Asset Investment	Pair Corr
0.68	SPGI	SP Global	Pair Corr
0.74	BKNG	Booking Holdings	Pair Corr
0.71	TORO	Toro	Pair Corr
0.83	SWKHL	SWK Holdings	Pair Corr
0.82	TDG	Transdigm Group	Pair Corr
0.81	AMSC	American Superconductor	Pair Corr
0.67	USB-PP	US Bancorp	Pair Corr
0.76	VMI	Valmont Industries Earnings Call This Week	Pair Corr
0.79	PSA-PH	Public Storage	Pair Corr
0.67	NEE-PT	NextEra Energy, Earnings Call This Week	Pair Corr
0.76	MSFT	Microsoft	Pair Corr
0.62	VNO-PL	Vornado Realty Trust	Pair Corr
0.84	ORCL	Oracle Aggressive Push	Pair Corr

Moving against Sumco Pink Sheet

0.49	PBMRF	PT Bumi Resources	Pair Corr
0.34	92346MCY5	US92346MCY57	Pair Corr
0.32	582839AG1	MEAD JOHNSON NUTRITION	Pair Corr

Related Correlations Analysis

	ASMVY	ENTG	ICHR	PLAB	ROHCY	SEPJF	SUOPY	UCTT	VECO
ASMVY		0.76	0.61	0.51	0.8	0.75	0.81	0.82	0.82	ASMVY
ENTG	0.76		0.84	0.59	0.56	0.68	0.8	0.82	0.65	ENTG
ICHR	0.61	0.84		0.41	0.5	0.62	0.76	0.83	0.47	ICHR
PLAB	0.51	0.59	0.41		0.14	0.23	0.37	0.56	0.54	PLAB
ROHCY	0.8	0.56	0.5	0.14		0.93	0.76	0.7	0.72	ROHCY
SEPJF	0.75	0.68	0.62	0.23	0.93		0.77	0.74	0.68	SEPJF
SUOPY	0.81	0.8	0.76	0.37	0.76	0.77		0.78	0.59	SUOPY
UCTT	0.82	0.82	0.83	0.56	0.7	0.74	0.78		0.74	UCTT
VECO	0.82	0.65	0.47	0.54	0.72	0.68	0.59	0.74		VECO
	ASMVY	ENTG	ICHR	PLAB	ROHCY	SEPJF	SUOPY	UCTT	VECO

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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
ASMVY	1.45	0.31	0.14	0.94	1.41	(1.64)	3.60	(2.74)	7.44
ENTG	2.41	0.14	0.09	0.21	2.58	(2.71)	7.58	(5.08)	15.55
ICHR	3.08	0.15	0.06	0.19	4.81	(3.21)	8.28	(5.50)	33.78
PLAB	1.80	(0.05)	0.00	0.10	3.09	(1.94)	4.09	(3.67)	21.52
ROHCY	1.75	0.57	0.27	(10.82)	1.17	(2.39)	4.83	(2.34)	13.87
SEPJF	3.51	1.26	0.31	2.38	2.29	(5.54)	7.17	(5.04)	54.12
SUOPY	2.07	0.45	0.12	2.03	1.90	(3.19)	6.50	(3.94)	13.87
UCTT	2.80	0.13	0.08	0.19	3.36	(3.30)	8.15	(4.96)	23.72
VECO	2.11	(0.04)	0.03	0.11	2.11	(2.44)	5.35	(3.48)	13.89

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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