Double Bond Correlations
| 4764 Stock | TWD 47.00 1.00 2.08% |
The current 90-days correlation between Double Bond Chemical and Phytohealth Corp is 0.05 (i.e., Significant diversification). The correlation of Double Bond 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.
Double Bond Correlation With Market
Good diversification
The correlation between Double Bond Chemical and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Double Bond Chemical and DJI in the same portfolio, assuming nothing else is changed.
Double |
The ability to find closely correlated positions to Double Bond could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Double Bond 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 Double Bond - 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 Double Bond Chemical to buy it.
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Double Stock performing well and Double Bond 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 Double Bond'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4739 | 1.38 | (0.04) | 0.00 | 0.13 | 0.00 | 2.82 | 8.64 | |||
| 4108 | 1.10 | (0.12) | 0.00 | (0.91) | 0.00 | 2.84 | 7.19 | |||
| 1773 | 1.36 | (0.19) | 0.00 | (1.14) | 0.00 | 2.42 | 8.24 | |||
| 3705 | 0.71 | (0.14) | 0.00 | (0.68) | 0.00 | 1.05 | 8.20 | |||
| 1720 | 0.54 | (0.09) | 0.00 | (4.50) | 0.00 | 0.99 | 4.13 |
Double Bond 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 Double Bond stock to make a market-neutral strategy. Peer analysis of Double Bond could also be used in its relative valuation, which is a method of valuing Double Bond by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Double Bond Corporate Management
Elected by the shareholders, the Double Bond's board of directors comprises two types of representatives: Double Bond inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Double. The board's role is to monitor Double Bond's management team and ensure that shareholders' interests are well served. Double Bond'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, Double Bond's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xiuhui Cai | Finance Manager | Profile | |
| HuiLin Yu | Director | Profile | |
| Chi Huang | VP | Profile | |
| Zhongping Chen | Deputy General Manager | Profile | |
| Fuchun Zhu | Independent Director | Profile | |
| JunHua Yao | Pres Ltd | Profile | |
| HsuiHsui Tsai | Financial Mang | Profile |