Speed Tech Correlations
| 5457 Stock | TWD 35.70 1.00 2.72% |
The current 90-days correlation between Speed Tech and Good Will Instrument is 0.27 (i.e., Modest diversification). The correlation of Speed 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.
Speed Tech Correlation With Market
Excellent diversification
The correlation between Speed Tech and DJI is -0.64 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Speed Tech and DJI in the same portfolio, assuming nothing else is changed.
Speed |
The ability to find closely correlated positions to Speed 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 Speed 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 Speed 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 Speed Tech to buy it.
Moving together with Speed Stock
| 0.71 | 4174 | OBI Pharma Earnings Call This Week | PairCorr |
| 0.71 | 6541 | Tanvex BioPharma | PairCorr |
| 0.79 | 5514 | Sunfon Construction | PairCorr |
| 0.9 | 4192 | SynCore Biotechnology | PairCorr |
| 0.83 | 1235 | Shin Tai Industry | PairCorr |
Moving against Speed Stock
| 0.83 | 2308 | Delta Electronics | PairCorr |
| 0.73 | 2409 | AU Optronics | PairCorr |
| 0.5 | 3008 | LARGAN Precision | PairCorr |
| 0.44 | 2327 | Yageo Corp | PairCorr |
| 0.41 | 3481 | Innolux Corp Earnings Call Next Week | PairCorr |
| 0.81 | 4533 | Shieh Yih Machinery | PairCorr |
| 0.8 | 4121 | Rossmax International | PairCorr |
| 0.78 | 5302 | Syntek Semiconductor | PairCorr |
| 0.74 | 5434 | Topco Scientific | PairCorr |
| 0.68 | 5489 | Dynacolor | PairCorr |
| 0.62 | 4904 | Far EasTone Telecomm | PairCorr |
| 0.52 | 3131 | Grand Plastic Technology | PairCorr |
| 0.51 | 6613 | Nova Technology | PairCorr |
| 0.47 | 2329 | Orient Semiconductor | PairCorr |
| 0.46 | 6108 | APCB Inc | PairCorr |
| 0.45 | 3528 | Answer Technology | PairCorr |
| 0.31 | 5246 | ProbeLeader | PairCorr |
| 0.87 | 8081 | Global Mixed Mode | PairCorr |
| 0.85 | 7728 | Enli Technology CoLtd | PairCorr |
| 0.75 | 3659 | Bison Electronics | PairCorr |
| 0.67 | 5011 | OFCO Industrial | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Speed Stock performing well and Speed 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 Speed 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2423 | 1.36 | (0.08) | 0.00 | (0.28) | 0.00 | 4.02 | 11.16 | |||
| 5236 | 1.25 | 0.01 | (0.04) | 0.02 | 1.66 | 2.58 | 7.15 | |||
| 3622 | 1.78 | (0.15) | 0.00 | 0.35 | 0.00 | 3.97 | 13.41 | |||
| 3679 | 0.77 | 0.07 | (0.01) | (0.40) | 0.86 | 1.74 | 4.77 | |||
| 3689 | 1.93 | 0.25 | 0.11 | 0.44 | 1.78 | 5.71 | 14.39 | |||
| 8103 | 3.31 | 0.37 | 0.06 | (0.51) | 3.90 | 8.95 | 19.91 | |||
| 3645 | 2.48 | 0.30 | 0.06 | (0.31) | 2.63 | 5.49 | 16.52 | |||
| 3675 | 2.27 | 0.40 | 0.14 | 1.79 | 2.02 | 8.05 | 16.73 | |||
| 6862 | 2.99 | 0.46 | 0.13 | 3.25 | 2.80 | 8.58 | 16.50 | |||
| 3605 | 1.62 | (0.03) | 0.00 | (0.05) | 0.00 | 3.84 | 10.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Speed Tech 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?
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Speed Tech Corporate Management
Elected by the shareholders, the Speed Tech's board of directors comprises two types of representatives: Speed Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Speed. The board's role is to monitor Speed Tech's management team and ensure that shareholders' interests are well served. Speed Tech'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, Speed Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChenLung Tsai | Chairman GM | Profile | |
| WenFu Peng | Chief Officer | Profile | |
| ChiJen Chang | Chief Mang | Profile | |
| YuehTung Chuang | CFO Mang | Profile |