Sinbon Electronics Correlations
| 3023 Stock | TWD 267.00 3.00 1.14% |
The current 90-days correlation between Sinbon Electronics and Tripod Technology Corp is 0.08 (i.e., Significant diversification). The correlation of Sinbon Electronics 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.
Sinbon Electronics Correlation With Market
Average diversification
The correlation between Sinbon Electronics Co and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sinbon Electronics Co and DJI in the same portfolio, assuming nothing else is changed.
Sinbon |
The ability to find closely correlated positions to Sinbon Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sinbon Electronics 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 Sinbon Electronics - 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 Sinbon Electronics Co to buy it.
Moving together with Sinbon Stock
Related Correlations Analysis
| 0.4 | 0.68 | 0.17 | 0.81 | 2308 | ||
| 0.4 | 0.48 | -0.53 | 0.06 | 3034 | ||
| 0.68 | 0.48 | -0.03 | 0.55 | 3044 | ||
| 0.17 | -0.53 | -0.03 | 0.59 | 3665 | ||
| 0.81 | 0.06 | 0.55 | 0.59 | 2383 | ||
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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 Sinbon Stock performing well and Sinbon 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 Sinbon 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2308 | 1.34 | 0.12 | 0.03 | 3.82 | 1.56 | 3.23 | 8.17 | |||
| 3034 | 1.05 | 0.00 | (0.05) | 0.18 | 1.30 | 2.50 | 5.34 | |||
| 3044 | 1.26 | 0.02 | (0.04) | 0.01 | 1.58 | 2.65 | 7.57 | |||
| 3665 | 2.60 | 0.44 | 0.12 | (9.79) | 2.69 | 7.18 | 19.89 | |||
| 2383 | 1.78 | 0.55 | 0.20 | (4.03) | 1.83 | 4.54 | 12.15 |
Sinbon Electronics 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 Sinbon Electronics stock to make a market-neutral strategy. Peer analysis of Sinbon Electronics could also be used in its relative valuation, which is a method of valuing Sinbon Electronics by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Sinbon Electronics Corporate Management
Elected by the shareholders, the Sinbon Electronics' board of directors comprises two types of representatives: Sinbon Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sinbon. The board's role is to monitor Sinbon Electronics' management team and ensure that shareholders' interests are well served. Sinbon Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sinbon Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| PiWei Cheng | Company Sec | Profile | |
| ChiChou Chang | Financial CFO | Profile | |
| LiLi Huang | Director Division | Profile | |
| YunJu Huang | Director Department | Profile | |
| KuiZhen Feng | Associate Admin | Profile | |
| Wensen Huang | Deputy General Manager-Operation | Profile |