Etron Technology Correlations
| 5351 Stock | TWD 32.35 0.25 0.77% |
The current 90-days correlation between Etron Technology and Sunplus Technology Co is 0.44 (i.e., Very weak diversification). The correlation of Etron 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.
Etron Technology Correlation With Market
Good diversification
The correlation between Etron Technology and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Etron Technology and DJI in the same portfolio, assuming nothing else is changed.
Etron |
The ability to find closely correlated positions to Etron 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 Etron 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 Etron 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 Etron Technology to buy it.
Moving together with Etron Stock
| 0.84 | 6239 | Powertech Technology | PairCorr |
| 0.7 | 6176 | Radiant Opto Electro | PairCorr |
| 0.75 | 3035 | Faraday Technology Corp | PairCorr |
| 0.61 | 5434 | Topco Scientific | PairCorr |
| 0.8 | 2327 | Yageo Corp | PairCorr |
| 0.85 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Etron Stock
| 0.57 | 3008 | LARGAN Precision | PairCorr |
| 0.39 | 6669 | Wiwynn Corp | PairCorr |
| 0.36 | 2454 | MediaTek | PairCorr |
| 0.36 | 2609 | Yang Ming Marine | PairCorr |
Related Correlations Analysis
| -0.2 | 0.64 | 0.76 | 0.77 | 2401 | ||
| -0.2 | -0.78 | -0.63 | -0.46 | 2379 | ||
| 0.64 | -0.78 | 0.91 | 0.84 | 2344 | ||
| 0.76 | -0.63 | 0.91 | 0.94 | 2388 | ||
| 0.77 | -0.46 | 0.84 | 0.94 | 2363 | ||
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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 Etron Stock performing well and Etron 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 Etron 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2401 | 1.81 | (0.14) | 0.00 | (1.37) | 0.00 | 3.44 | 14.43 | |||
| 2379 | 1.20 | 0.17 | 0.06 | 1.37 | 1.45 | 2.40 | 7.72 | |||
| 2344 | 1.53 | (0.50) | 0.00 | 25.70 | 0.00 | 2.78 | 10.28 | |||
| 2388 | 1.95 | (0.49) | 0.00 | (2.80) | 0.00 | 3.83 | 10.44 | |||
| 2363 | 1.47 | (0.34) | 0.00 | 1.61 | 0.00 | 2.51 | 10.66 |
Etron Technology 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 Etron Technology stock to make a market-neutral strategy. Peer analysis of Etron Technology could also be used in its relative valuation, which is a method of valuing Etron Technology by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Etron Technology Corporate Management
Elected by the shareholders, the Etron Technology's board of directors comprises two types of representatives: Etron Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Etron. The board's role is to monitor Etron Technology's management team and ensure that shareholders' interests are well served. Etron Technology'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, Etron Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| JuiLing Hsieh | Chief Officer | Profile | |
| YuChia Cheng | Chief Officer | Profile | |
| Nicky Lu | Chairman CEO | Profile | |
| Maosong Deng | General Manager | Profile | |
| David Leu | VP | Profile | |
| Yu Zheng | Treasurer | Profile | |
| BorDoou Rong | VP Director | Profile |