FocalTech Systems Correlations
| 3545 Stock | TWD 76.40 1.30 1.73% |
The current 90-days correlation between FocalTech Systems and Sitronix Technology Corp is 0.4 (i.e., Very weak diversification). The correlation of FocalTech Systems 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.
FocalTech Systems Correlation With Market
Significant diversification
The correlation between FocalTech Systems Co and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FocalTech Systems Co and DJI in the same portfolio, assuming nothing else is changed.
FocalTech |
The ability to find closely correlated positions to FocalTech Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FocalTech Systems 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 FocalTech Systems - 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 FocalTech Systems Co to buy it.
Moving together with FocalTech Stock
Moving against FocalTech Stock
Related Correlations Analysis
| 0.56 | 0.03 | 0.19 | 0.23 | 3034 | ||
| 0.56 | 0.21 | 0.14 | 0.7 | 8016 | ||
| 0.03 | 0.21 | 0.42 | 0.03 | 2458 | ||
| 0.19 | 0.14 | 0.42 | -0.28 | 3443 | ||
| 0.23 | 0.7 | 0.03 | -0.28 | 6202 | ||
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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 FocalTech Stock performing well and FocalTech Systems 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 FocalTech Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3034 | 1.05 | 0.00 | (0.05) | 0.18 | 1.30 | 2.50 | 5.34 | |||
| 8016 | 1.15 | (0.17) | 0.00 | 5.36 | 0.00 | 2.15 | 6.16 | |||
| 2458 | 1.49 | (0.02) | 0.00 | 0.13 | 0.00 | 2.71 | 10.03 | |||
| 3443 | 2.56 | 0.05 | 0.01 | 0.17 | 2.71 | 5.51 | 15.88 | |||
| 6202 | 1.84 | (0.30) | 0.00 | (0.88) | 0.00 | 4.28 | 18.30 |
FocalTech Systems 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 FocalTech Systems stock to make a market-neutral strategy. Peer analysis of FocalTech Systems could also be used in its relative valuation, which is a method of valuing FocalTech Systems by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
FocalTech Systems Corporate Management
Elected by the shareholders, the FocalTech Systems' board of directors comprises two types of representatives: FocalTech Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FocalTech. The board's role is to monitor FocalTech Systems' management team and ensure that shareholders' interests are well served. FocalTech Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FocalTech Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chen Peichun | Accounting Mang | Profile | |
| Larry Wang | Sales VP | Profile | |
| JuiCheng Hsu | Ex VP | Profile | |
| Jason Lin | VP | Profile | |
| ChingKai Chang | Ex VP | Profile | |
| HeNien Yang | Ex VP | Profile | |
| Jeff Chang | Chief Officer | Profile |