Da Cin Correlations
| 2535 Stock | TWD 55.00 0.40 0.73% |
The current 90-days correlation between Da Cin Construction and Huaku Development Co is 0.27 (i.e., Modest diversification). The correlation of Da Cin 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.
Da Cin Correlation With Market
Good diversification
The correlation between Da Cin Construction Co and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Da Cin Construction Co and DJI in the same portfolio, assuming nothing else is changed.
2535 |
The ability to find closely correlated positions to Da Cin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Da Cin 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 Da Cin - 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 Da Cin Construction Co to buy it.
Moving together with 2535 Stock
| 0.7 | 1432 | Trk Corp | PairCorr |
| 0.67 | 3211 | Dynapack International | PairCorr |
| 0.66 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.62 | 0057 | Fubon MSCI Taiwan | PairCorr |
Moving against 2535 Stock
| 0.86 | 6015 | Horizon Securities | PairCorr |
| 0.65 | 2409 | AU Optronics | PairCorr |
| 0.48 | 6582 | Shin Foong Specialty | PairCorr |
| 0.43 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.4 | 3666 | Optivision Technology | PairCorr |
| 0.39 | 3545 | FocalTech Systems | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between 2535 Stock performing well and Da Cin 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 Da Cin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2548 | 1.56 | (0.10) | 0.00 | (0.60) | 0.00 | 3.02 | 11.56 | |||
| 2542 | 1.24 | 0.08 | 0.01 | 1.82 | 1.47 | 3.50 | 9.06 | |||
| 2520 | 1.62 | 0.13 | 0.04 | 0.43 | 2.08 | 3.01 | 10.47 | |||
| 2546 | 0.87 | (0.10) | 0.00 | (1.83) | 0.00 | 1.88 | 4.11 | |||
| 2504 | 1.56 | (0.43) | 0.00 | (1.22) | 0.00 | 3.38 | 17.73 |
Da Cin Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Da Cin stock to make a market-neutral strategy. Peer analysis of Da Cin could also be used in its relative valuation, which is a method of valuing Da Cin by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Da Cin Corporate Management
Elected by the shareholders, the Da Cin's board of directors comprises two types of representatives: Da Cin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 2535. The board's role is to monitor Da Cin's management team and ensure that shareholders' interests are well served. Da Cin'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, Da Cin's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph Lee | Chief Engineer | Profile | |
| KwokHo Tam | Deputy Division | Profile | |
| Liao ChaoBang | CEO Director | Profile | |
| Linda Chen | Assistant Division | Profile | |
| Mark Pan | Sr Group | Profile | |
| William Hsueh | Pres Chairman | Profile | |
| JenTai Wang | Founder | Profile |