Ta Liang Correlations

3167 Stock

TWD 115.50 0.50 0.43%

The current 90-days correlation between Ta Liang Technology and Highlight Tech is 0.24 (i.e., Modest diversification). The correlation of Ta Liang 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.

Ta Liang Correlation With Market

Modest diversification

The correlation between Ta Liang Technology and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ta Liang Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ta Liang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ta Liang 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 Ta Liang - 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 Ta Liang Technology to buy it.

Moving together with 3167 Stock

0.76	4532	Rechi Precision	Pair Corr
0.83	6706	Fittech	Pair Corr
0.69	6438	Symtek Automation Asia	Pair Corr
0.84	2330	Taiwan Semiconductor	Pair Corr
0.9	2881B	Fubon Financial Holding	Pair Corr
0.62	2882A	Cathay Financial Holding	Pair Corr
0.67	2882B	Cathay Financial Holding	Pair Corr
0.92	2882	Cathay Financial Holding	Pair Corr
0.77	2317	Hon Hai Precision	Pair Corr
0.74	2454	MediaTek	Pair Corr
0.79	0050	YuantaP shares Taiwan	Pair Corr
0.84	0053	YuantaP shares Taiwan	Pair Corr
0.84	0057	Fubon MSCI Taiwan	Pair Corr

Related Correlations Analysis

	6208	5245	3034	3058	6697	6209	9921	2395	2882A	9908
6208		0.53	0.19	0.6	-0.18	0.54	0.3	-0.33	-0.03	-0.05	6208
5245	0.53		0.59	0.62	-0.37	0.54	0.75	-0.25	-0.35	0.34	5245
3034	0.19	0.59		0.27	-0.51	0.67	0.82	-0.07	-0.31	0.59	3034
3058	0.6	0.62	0.27		-0.25	0.24	0.44	-0.5	-0.31	0.0	3058
6697	-0.18	-0.37	-0.51	-0.25		-0.29	-0.5	0.04	0.22	-0.38	6697
6209	0.54	0.54	0.67	0.24	-0.29		0.6	0.1	-0.23	0.51	6209
9921	0.3	0.75	0.82	0.44	-0.5	0.6		-0.03	-0.65	0.71	9921
2395	-0.33	-0.25	-0.07	-0.5	0.04	0.1	-0.03		-0.14	0.51	2395
2882A	-0.03	-0.35	-0.31	-0.31	0.22	-0.23	-0.65	-0.14		-0.59	2882A
9908	-0.05	0.34	0.59	0.0	-0.38	0.51	0.71	0.51	-0.59		9908
	6208	5245	3034	3058	6697	6209	9921	2395	2882A	9908

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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

9921	+ 0.82	3034
9921	+ 0.75	5245
9908	+ 0.71	9921
6209	+ 0.67	3034
3058	+ 0.62	5245
3058	+ 0.6	6208

High negative correlations

2882A	- 0.65	9921
9908	- 0.59	2882A
6697	- 0.51	3034
9921	- 0.5	6697
2395	- 0.5	3058
9908	- 0.38	6697

Risk-Adjusted Indicators

There is a big difference between 3167 Stock performing well and Ta Liang 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 Ta Liang'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
6208	1.80	(0.04)	(0.06)	0.00	1.86	(2.83)	3.04	(3.38)	32.40
5245	1.71	0.00	(0.05)	0.11	2.20	(2.04)	4.46	(3.45)	16.38
3034	1.14	(0.20)	0.00	(0.57)	0.00	0.00	1.97	(2.55)	8.21
3058	1.72	0.03	(0.06)	0.02	1.89	(2.38)	2.98	(2.89)	15.92
6697	1.23	(0.03)	(0.06)	0.04	1.69	(1.53)	2.33	(2.68)	15.29
6209	1.10	(0.16)	0.00	(0.35)	0.00	0.00	2.16	(2.38)	7.45
9921	1.66	(0.70)	0.00	(2.85)	0.00	0.00	1.99	(5.13)	14.43
2395	1.12	(0.14)	0.00	(0.07)	0.00	0.00	2.56	(2.04)	7.98
2882A	0.09	0.01	(0.58)	0.40	0.00	(0.25)	0.33	(0.16)	0.82
9908	0.19	(0.04)	0.00	(0.57)	0.00	0.00	0.33	(0.49)	1.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ta Liang 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.

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Ta Liang Corporate Management

Elected by the shareholders, the Ta Liang's board of directors comprises two types of representatives: Ta Liang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 3167. The board's role is to monitor Ta Liang's management team and ensure that shareholders' interests are well served. Ta Liang'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, Ta Liang's outside directors are responsible for providing unbiased perspectives on the board's policies.

Chang Cai	Ex VP	Profile
Ming Zhan	Chief Officer	Profile
Mingyi Zhang	Deputy Mang	Profile
ChenChi Chien	Ex BU	Profile

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