C Tech Correlations

3625 Stock

TWD 18.40 0.30 1.66%

The current 90-days correlation between C Tech United and GameSparcs Co is 0.25 (i.e., Modest diversification). The correlation of C Tech 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.

C Tech Correlation With Market

Significant diversification

The correlation between C Tech United and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding C Tech United and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 3625 Stock

0.89	6781	Advanced Energy Solution	Pair Corr
0.88	6121	Simplo Technology	Pair Corr
0.93	3211	Dynapack International	Pair Corr

Moving against 3625 Stock

0.83	5871	Chailease Holding	Pair Corr
0.82	1605	Walsin Lihwa Corp	Pair Corr
0.75	2489	Amtran Technology	Pair Corr
0.72	6409	Voltronic Power Tech	Pair Corr
0.71	9928	China Television	Pair Corr
0.71	0051	YuantaP shares Taiwan	Pair Corr
0.68	2633	Taiwan High Speed	Pair Corr
0.63	1514	Allis Electric	Pair Corr
0.52	1609	Ta Ya Electric	Pair Corr
0.52	5608	Shih Wei Navigation	Pair Corr

Related Correlations Analysis

	6542	1236	3653	8437	1457	8929	1213
6542		0.13	0.38	-0.09	0.44	0.45	-0.03	6542
1236	0.13		0.39	0.69	-0.06	0.2	-0.68	1236
3653	0.38	0.39		0.14	-0.07	-0.04	-0.12	3653
8437	-0.09	0.69	0.14		-0.19	-0.01	-0.83	8437
1457	0.44	-0.06	-0.07	-0.19		0.4	-0.04	1457
8929	0.45	0.2	-0.04	-0.01	0.4		-0.34	8929
1213	-0.03	-0.68	-0.12	-0.83	-0.04	-0.34		1213
	6542	1236	3653	8437	1457	8929	1213

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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

8437	+ 0.69	1236
8929	+ 0.45	6542
1457	+ 0.44	6542
8929	+ 0.4	1457
3653	+ 0.39	1236
3653	+ 0.38	6542

High negative correlations

1213	- 0.83	8437
1213	- 0.68	1236
1213	- 0.34	8929
1457	- 0.19	8437
1213	- 0.12	3653
8437	- 0.09	6542

Risk-Adjusted Indicators

There is a big difference between 3625 Stock performing well and C Tech 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 C Tech'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
6542	2.27	0.11	(0.01)	(0.15)	2.59	(4.24)	9.86	(3.59)	20.90
1236	0.51	(0.04)	0.00	0.52	0.00	0.00	1.10	(1.51)	3.92
3653	2.54	(0.07)	0.00	0.26	0.00	0.00	4.91	(4.63)	13.22
8437	1.51	(0.21)	0.00	(0.60)	0.00	0.00	3.60	(4.21)	11.74
1457	0.66	0.00	(0.07)	0.09	0.73	(0.85)	1.29	(1.27)	6.42
8929	2.40	0.03	0.00	0.14	2.73	(3.54)	9.87	(4.54)	19.85
1213	1.88	0.26	0.08	0.76	2.07	(2.79)	6.37	(2.75)	19.88

C Tech 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 C Tech stock to make a market-neutral strategy. Peer analysis of C Tech could also be used in its relative valuation, which is a method of valuing C Tech by comparing valuation metrics with similar companies.

GameSparcs Co Hunya Foods Co Jentech Precision Industrial Dadi Early Childhood Education Yi Jinn Industrial Fu Burg Industrial Oceanic Beverages Co American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

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