Xander International Related Correlations

6118 Stock

TWD 24.00 0.50 2.04%

Generate correlation matrix for Xander International and other related equities to check the degree to which Xander International price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Xander International. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Xander International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between Xander International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Xander International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Xander International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	5302	5907	8044	5009	2107	5234	2329	5347
5302		0.09	-0.04	0.11	-0.1	0.35	0.47	-0.2	5302
5907	0.09		0.89	-0.57	-0.47	-0.84	-0.4	-0.72	5907
8044	-0.04	0.89		-0.61	-0.5	-0.87	-0.35	-0.7	8044
5009	0.11	-0.57	-0.61		0.82	0.58	0.02	0.73	5009
2107	-0.1	-0.47	-0.5	0.82		0.35	-0.19	0.74	2107
5234	0.35	-0.84	-0.87	0.58	0.35		0.51	0.52	5234
2329	0.47	-0.4	-0.35	0.02	-0.19	0.51		-0.08	2329
5347	-0.2	-0.72	-0.7	0.73	0.74	0.52	-0.08		5347
	5302	5907	8044	5009	2107	5234	2329	5347

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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

8044	+ 0.89	5907
2107	+ 0.82	5009
5347	+ 0.74	2107
5347	+ 0.73	5009
5234	+ 0.58	5009
5347	+ 0.52	5234

High negative correlations

5234	- 0.87	8044
5234	- 0.84	5907
5347	- 0.72	5907
5347	- 0.7	8044
5009	- 0.61	8044
5009	- 0.57	5907

Risk-Adjusted Indicators

There is a big difference between Xander Stock performing well and Xander International 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 Xander International'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
5302	1.28	(0.03)	0.00	0.12	0.00	0.00	3.93	(2.31)	12.79
5907	1.09	(0.39)	0.00	0.51	0.00	0.00	1.57	(3.19)	11.98
8044	1.38	(0.56)	0.00	(1.20)	0.00	0.00	2.10	(3.49)	9.88
5009	0.85	0.12	0.04	(0.51)	0.84	(1.06)	2.41	(1.75)	4.85
2107	0.47	0.07	(0.03)	(0.14)	0.47	(0.60)	1.19	(0.84)	2.82
5234	3.00	0.81	0.21	(2.88)	3.06	(3.50)	8.64	(4.76)	19.78
2329	2.34	0.41	0.13	(0.84)	2.10	(2.87)	9.23	(3.38)	16.88
5347	1.24	0.12	0.04	2.49	1.39	(1.31)	1.90	(2.31)	13.06

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Xander International Related Correlations

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