Compal Electronics Correlations
| CEIR Stock | 3.10 0.00 0.00% |
The statistical correlation between Compal Electronics and related instruments captures the linear component of their co-movement; nonlinear tail dependence may require additional analysis.
Compal |
The correlation view summarizes how Compal Electronics aligns with comparable exposures. In jurisdictions with wash sale rules, substantially identical replacements can be restricted; this view is informational only.
Related Correlations Analysis
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 Compal Stock performing well and Compal Electronics 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 Compal Electronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBIA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TYT | 1.31 | 0.21 | 0.10 | 0.55 | 1.58 | 2.85 | 11.20 | |||
| OTPD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ZENB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BC94 | 2.46 | 0.82 | 0.26 | 2.89 | 2.74 | 5.91 | 17.17 | |||
| SMSN | 2.59 | 0.84 | 0.25 | 2.09 | 2.85 | 6.94 | 17.42 | |||
| 0R15 | 6.13 | -2.04 | 0.00 | 0.53 | 0.00 | 10.30 | 107.52 | |||
| SMSD | 2.46 | 0.76 | 0.23 | 6.31 | 2.77 | 5.79 | 19.04 |
Be your own money manager
Optimization tools can help investors judge whether capital allocated to Compal Electronics GDR is being used efficiently relative to other opportunities in the same equity universe. This is most useful when investors want to improve risk-adjusted return instead of simply owning more ideas at once.
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