Ampoc Far Correlations
| 2493 Stock | TWD 99.20 1.00 1.02% |
The current 90-days correlation between Ampoc Far East and Harvatek Corp is 0.27 (i.e., Modest diversification). The correlation of Ampoc Far 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Ampoc Far Correlation With Market
Average diversification
The correlation between Ampoc Far East Co and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ampoc Far East Co and DJI in the same portfolio, assuming nothing else is changed.
Ampoc |
The ability to find closely correlated positions to Ampoc Far could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ampoc Far 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 Ampoc Far - 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 Ampoc Far East Co to buy it.
Moving together with Ampoc Stock
Moving against Ampoc Stock
| 0.76 | 2882B | Cathay Financial Holding | PairCorr |
| 0.75 | 2881A | Fubon Financial Holding | PairCorr |
| 0.75 | 2891 | CTBC Financial Holding | PairCorr |
| 0.69 | 2885 | Yuanta Financial Holdings | PairCorr |
| 0.67 | 2880 | Hua Nan Financial | PairCorr |
| 0.62 | 2882A | Cathay Financial Holding | PairCorr |
| 0.56 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.46 | 2892 | First Financial Holding | PairCorr |
| 0.41 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.31 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
| -0.13 | 0.22 | 0.34 | 0.58 | 6168 | ||
| -0.13 | 0.55 | -0.26 | -0.26 | 3591 | ||
| 0.22 | 0.55 | -0.34 | -0.27 | 4934 | ||
| 0.34 | -0.26 | -0.34 | 0.67 | 2393 | ||
| 0.58 | -0.26 | -0.27 | 0.67 | 3031 | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Ampoc Stock performing well and Ampoc Far 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 Ampoc Far'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 6168 | 2.04 | 0.01 | 0.00 | 0.05 | 2.56 | 3.98 | 17.61 | |||
| 3591 | 1.41 | (0.03) | 0.00 | 0.19 | 0.00 | 2.82 | 12.94 | |||
| 4934 | 2.11 | (0.13) | 0.00 | 0.15 | 0.00 | 4.89 | 15.83 | |||
| 2393 | 1.64 | 0.05 | 0.02 | (3.37) | 2.34 | 2.97 | 10.44 | |||
| 3031 | 1.95 | 0.22 | 0.10 | 0.39 | 1.98 | 4.63 | 11.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ampoc Far 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.Did you try this?
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Ampoc Far Corporate Management
Elected by the shareholders, the Ampoc Far's board of directors comprises two types of representatives: Ampoc Far inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ampoc. The board's role is to monitor Ampoc Far's management team and ensure that shareholders' interests are well served. Ampoc Far's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ampoc Far's outside directors are responsible for providing unbiased perspectives on the board's policies.