WIN Semiconductors Correlations
| 3105 Stock | TWD 118.00 2.50 2.07% |
The current 90-days correlation between WIN Semiconductors and LARGAN Precision Co is 0.49 (i.e., Very weak diversification). The correlation of WIN Semiconductors 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.
WIN Semiconductors Correlation With Market
Significant diversification
The correlation between WIN Semiconductors and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WIN Semiconductors and DJI in the same portfolio, assuming nothing else is changed.
WIN |
The ability to find closely correlated positions to WIN Semiconductors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WIN Semiconductors 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 WIN Semiconductors - 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 WIN Semiconductors to buy it.
Moving together with WIN Stock
| 0.9 | 2303 | United Microelectronics | PairCorr |
| 0.79 | 3034 | Novatek Microelectronics | PairCorr |
| 0.8 | 6488 | GlobalWafers | PairCorr |
| 0.69 | 5347 | Vanguard International | PairCorr |
| 0.92 | 6770 | Powerchip Semiconductor | PairCorr |
| 0.66 | 3008 | LARGAN Precision | PairCorr |
| 0.94 | 2327 | Yageo Corp | PairCorr |
| 0.69 | 2474 | Catcher Technology | PairCorr |
| 0.87 | 4966 | Parade Technologies | PairCorr |
Moving against WIN Stock
| 0.79 | 6510 | Chunghwa Precision Test | PairCorr |
| 0.68 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.6 | 6669 | Wiwynn Corp | PairCorr |
| 0.56 | 2357 | Asustek Computer | PairCorr |
| 0.53 | 3443 | Global Unichip Corp | PairCorr |
| 0.48 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.45 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.42 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.41 | 2454 | MediaTek | PairCorr |
| 0.33 | 0053 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
| 0.89 | 0.78 | 0.71 | 0.92 | 3008 | ||
| 0.89 | 0.77 | 0.81 | 0.85 | 6488 | ||
| 0.78 | 0.77 | 0.63 | 0.84 | 3034 | ||
| 0.71 | 0.81 | 0.63 | 0.63 | 8086 | ||
| 0.92 | 0.85 | 0.84 | 0.63 | 5347 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between WIN Stock performing well and WIN Semiconductors 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 WIN Semiconductors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3008 | 1.75 | (0.33) | 0.00 | (0.67) | 0.00 | 3.99 | 14.78 | |||
| 6488 | 1.09 | (0.16) | 0.00 | (3.61) | 0.00 | 2.11 | 8.69 | |||
| 3034 | 1.15 | (0.23) | 0.00 | (0.55) | 0.00 | 1.97 | 8.21 | |||
| 8086 | 1.82 | (0.10) | 0.00 | (0.06) | 0.00 | 3.96 | 17.78 | |||
| 5347 | 1.52 | (0.46) | 0.00 | (0.94) | 0.00 | 2.74 | 10.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in WIN Semiconductors 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?
Run Global Correlations Now
Global CorrelationsFind global opportunities by holding instruments from different markets |
| All Next | Launch Module |
WIN Semiconductors Corporate Management
Elected by the shareholders, the WIN Semiconductors' board of directors comprises two types of representatives: WIN Semiconductors inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WIN. The board's role is to monitor WIN Semiconductors' management team and ensure that shareholders' interests are well served. WIN Semiconductors' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, WIN Semiconductors' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shunping Chen | Deputy General Manager | Profile | |
| ChinTsai Chen | Chairman Pres | Profile | |
| Joe Tsen | Assistant General Manager-Finance, Head of Finance | Profile | |
| Walter Anthony | Chief Engineer | Profile | |
| Linna Su | Associate Division | Profile |