Speed Tech Correlations

5457 Stock

TWD 39.25 0.70 1.75%

The current 90-days correlation between Speed Tech and Good Will Instrument is -0.04 (i.e., Good 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

Average diversification

The correlation between Speed Tech and DJI is 0.11 (i.e., Average 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.

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

0.85	8069	E Ink Holdings	Pair Corr
0.77	4938	Pegatron Corp	Pair Corr
0.81	6428	Taiwan Taomee	Pair Corr
0.62	3520	Jhen Vei Electronic	Pair Corr
0.8	4968	RichWave Technology Corp	Pair Corr
0.77	4961	Fitipower Integrated	Pair Corr
0.65	6763	Green World Fintech	Pair Corr
0.81	6488	GlobalWafers	Pair Corr

Moving against Speed Stock

0.58	6531	AP Memory Technology	Pair Corr
0.37	2327	Yageo Corp	Pair Corr

Related Correlations Analysis

	2423	5236	3622	3679	3689	8103	3645	3675	6862	3605
2423		-0.08	-0.45	0.13	0.29	0.06	0.26	0.26	0.17	0.07	2423
5236	-0.08		-0.66	0.79	-0.36	-0.44	0.82	0.86	0.64	0.9	5236
3622	-0.45	-0.66		-0.78	0.07	0.23	-0.84	-0.8	-0.52	-0.8	3622
3679	0.13	0.79	-0.78		-0.23	-0.24	0.81	0.78	0.56	0.78	3679
3689	0.29	-0.36	0.07	-0.23		0.17	-0.31	-0.21	-0.01	-0.24	3689
8103	0.06	-0.44	0.23	-0.24	0.17		-0.37	-0.36	-0.04	-0.42	8103
3645	0.26	0.82	-0.84	0.81	-0.31	-0.37		0.9	0.58	0.88	3645
3675	0.26	0.86	-0.8	0.78	-0.21	-0.36	0.9		0.77	0.88	3675
6862	0.17	0.64	-0.52	0.56	-0.01	-0.04	0.58	0.77		0.63	6862
3605	0.07	0.9	-0.8	0.78	-0.24	-0.42	0.88	0.88	0.63		3605
	2423	5236	3622	3679	3689	8103	3645	3675	6862	3605

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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

3605	+ 0.9	5236
3675	+ 0.9	3645
3605	+ 0.88	3645
3605	+ 0.88	3675
3675	+ 0.86	5236
3645	+ 0.82	5236

High negative correlations

3645	- 0.84	3622
3605	- 0.8	3622
3675	- 0.8	3622
3679	- 0.78	3622
3622	- 0.66	5236
6862	- 0.52	3622

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	1.23	(0.05)	0.00	(0.04)	0.00	0.00	2.76	(2.90)	11.16
5236	1.44	(0.12)	0.00	(1.76)	0.00	0.00	2.91	(2.94)	9.45
3622	1.88	0.33	0.11	1.11	2.00	(2.29)	5.34	(2.37)	12.83
3679	0.96	(0.06)	0.00	(0.42)	0.00	0.00	2.04	(2.09)	7.39
3689	2.17	0.57	0.17	(0.70)	1.99	(2.71)	5.71	(2.85)	14.94
8103	3.54	0.88	0.21	0.84	3.21	(4.44)	9.92	(5.65)	19.97
3645	1.57	(0.29)	0.00	(0.21)	0.00	0.00	3.30	(2.92)	8.67
3675	2.21	(0.09)	0.00	(0.05)	0.00	0.00	4.31	(3.90)	14.18
6862	2.69	0.05	0.04	0.12	2.68	(3.42)	8.58	(4.53)	15.66
3605	1.43	(0.09)	0.00	0.40	0.00	0.00	2.62	(2.54)	7.85

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.

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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

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