Bioptik Technology Correlations

4161 Stock

TWD 26.55 0.15 0.56%

The current 90-days correlation between Bioptik Technology and Lagis Enterprise Co is -0.12 (i.e., Good diversification). The correlation of Bioptik Technology 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.

Bioptik Technology Correlation With Market

Good diversification

The correlation between Bioptik Technology and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bioptik Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bioptik Stock

0.74	9103	Medtecs International	Pair Corr
0.65	6428	Taiwan Taomee	Pair Corr

Moving against Bioptik Stock

0.34	6531	AP Memory Technology	Pair Corr
0.59	4706	Tah Kong Chemical	Pair Corr
0.51	2236	Patec Precision Industry Split	Pair Corr
0.49	8021	Topoint Technology	Pair Corr
0.47	6691	Yankey Engineering	Pair Corr
0.46	6613	Nova Technology	Pair Corr
0.43	3354	Microcosm Technology	Pair Corr
0.35	3530	Silicon Optronics	Pair Corr
0.47	3489	Sun Brothers Development	Pair Corr
0.45	1735	Evermore Chemical	Pair Corr
0.45	4132	Golden Biotechnology	Pair Corr
0.43	6213	ITEQ Corp	Pair Corr

Related Correlations Analysis

	6730	4735	6543	4160	6872	6564	4194	3164	4173	4171
6730		0.5	0.28	0.54	0.29	0.12	0.68	0.77	0.68	0.47	6730
4735	0.5		0.19	0.32	0.09	0.07	0.11	0.28	0.22	0.06	4735
6543	0.28	0.19		-0.35	-0.05	-0.21	0.25	0.25	-0.27	-0.01	6543
4160	0.54	0.32	-0.35		0.41	0.25	0.33	0.41	0.79	0.51	4160
6872	0.29	0.09	-0.05	0.41		-0.08	0.24	0.2	0.4	0.45	6872
6564	0.12	0.07	-0.21	0.25	-0.08		0.27	0.13	0.26	0.14	6564
4194	0.68	0.11	0.25	0.33	0.24	0.27		0.76	0.68	0.27	4194
3164	0.77	0.28	0.25	0.41	0.2	0.13	0.76		0.71	0.12	3164
4173	0.68	0.22	-0.27	0.79	0.4	0.26	0.68	0.71		0.38	4173
4171	0.47	0.06	-0.01	0.51	0.45	0.14	0.27	0.12	0.38		4171
	6730	4735	6543	4160	6872	6564	4194	3164	4173	4171

Please upgrade your account to get full access to Macroaxis premium features

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

4173	+ 0.79	4160
3164	+ 0.77	6730
3164	+ 0.76	4194
4173	+ 0.71	3164
4194	+ 0.68	6730
4173	+ 0.68	6730

High negative correlations

4160	- 0.35	6543
4173	- 0.27	6543
6564	- 0.21	6543
6564	- 0.08	6872
6872	- 0.05	6543
4171	- 0.01	6543

Risk-Adjusted Indicators

There is a big difference between Bioptik Stock performing well and Bioptik Technology 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 Bioptik Technology'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
6730	1.88	(0.28)	0.00	1.92	0.00	0.00	4.53	(4.44)	19.03
4735	0.80	0.00	(0.05)	0.07	0.93	(1.04)	1.87	(1.98)	7.17
6543	1.80	0.02	0.00	0.02	0.00	0.00	4.75	(4.43)	11.18
4160	1.62	0.02	(0.01)	0.12	1.77	(1.96)	4.58	(3.17)	11.39
6872	0.96	(0.02)	(0.06)	0.01	1.01	(1.28)	2.32	(1.91)	6.77
6564	1.40	0.13	0.04	(1.99)	1.31	(1.89)	4.78	(2.33)	9.29
4194	2.77	(0.47)	0.00	(0.50)	0.00	0.00	5.37	(7.13)	17.59
3164	0.53	(0.09)	0.00	0.60	0.00	0.00	1.09	(1.32)	3.31
4173	0.69	(0.13)	0.00	(1.09)	0.00	0.00	1.05	(2.08)	6.40
4171	2.56	0.24	0.07	0.72	2.64	(3.41)	9.88	(5.17)	19.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bioptik Technology 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 Equity Search Now

Equity Search

Search for actively traded equities including funds and ETFs from over 30 global markets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC