Microbio Correlations
| 4128 Stock | TWD 31.60 0.20 0.64% |
The current 90-days correlation between Microbio and Synmosa Biopharma is 0.45 (i.e., Very weak diversification). The correlation of Microbio 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.
Microbio Correlation With Market
Significant diversification
The correlation between Microbio Co and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microbio Co and DJI in the same portfolio, assuming nothing else is changed.
Microbio |
The ability to find closely correlated positions to Microbio could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microbio 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 Microbio - 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 Microbio Co to buy it.
Moving together with Microbio Stock
| 0.9 | 1216 | Uni President Enterp | PairCorr |
| 0.93 | 1229 | Lien Hwa Industrial | PairCorr |
| 0.85 | 1227 | Standard Foods Corp | PairCorr |
| 0.61 | 1232 | TTET Union Corp | PairCorr |
| 0.82 | 1215 | Charoen Pokphand Ent | PairCorr |
| 0.75 | 1218 | Taisun Enterprise | PairCorr |
| 0.86 | 5274 | Aspeed Technology | PairCorr |
| 0.72 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Microbio Stock
| 0.82 | 1231 | Lian Hwa Foods | PairCorr |
| 0.78 | 2454 | MediaTek | PairCorr |
| 0.77 | 3008 | LARGAN Precision | PairCorr |
| 0.76 | 6669 | Wiwynn Corp | PairCorr |
| 0.48 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.43 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Microbio Stock performing well and Microbio 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 Microbio'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4114 | 0.75 | (0.15) | 0.00 | 4.25 | 0.00 | 1.31 | 6.07 | |||
| 1734 | 0.55 | (0.03) | 0.00 | (0.20) | 0.00 | 1.30 | 5.67 | |||
| 4157 | 1.30 | (0.41) | 0.00 | (1.72) | 0.00 | 1.81 | 14.82 | |||
| 4133 | 1.03 | (0.02) | (0.05) | (0.03) | 1.23 | 3.43 | 13.67 | |||
| 4106 | 0.86 | (0.08) | 0.00 | (0.24) | 0.00 | 2.08 | 10.23 |
Microbio 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 Microbio stock to make a market-neutral strategy. Peer analysis of Microbio could also be used in its relative valuation, which is a method of valuing Microbio by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Microbio Corporate Management
Elected by the shareholders, the Microbio's board of directors comprises two types of representatives: Microbio inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Microbio. The board's role is to monitor Microbio's management team and ensure that shareholders' interests are well served. Microbio'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, Microbio's outside directors are responsible for providing unbiased perspectives on the board's policies.
| YingJun Wang | Accounting Department | Profile | |
| Sweet Wong | Pres Investment | Profile | |
| Andy Feng | Pres Bus | Profile | |
| William Lu | Founder | Profile | |
| HsienShou Kuo | Chairman GM | Profile | |
| Jerry Ku | Pres MICROSOY | Profile |