Hannstar Display Correlations
| 6116 Stock | TWD 8.00 0.02 0.25% |
The current 90-days correlation between Hannstar Display Corp and CTCI Corp is 0.09 (i.e., Significant diversification). The correlation of Hannstar Display 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.
Hannstar Display Correlation With Market
Significant diversification
The correlation between Hannstar Display Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hannstar Display Corp and DJI in the same portfolio, assuming nothing else is changed.
Hannstar |
The ability to find closely correlated positions to Hannstar Display could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hannstar Display 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 Hannstar Display - 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 Hannstar Display Corp to buy it.
Moving together with Hannstar Stock
Moving against Hannstar Stock
| 0.49 | 6811 | Acer E Enabling | PairCorr |
| 0.44 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.38 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
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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 Hannstar Stock performing well and Hannstar Display 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 Hannstar Display'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9933 | 0.63 | (0.22) | 0.00 | (5.44) | 0.00 | 1.41 | 4.36 | |||
| 6697 | 1.59 | 0.18 | 0.03 | (0.22) | 2.03 | 4.31 | 17.29 | |||
| 1777 | 0.64 | (0.05) | 0.00 | (3.12) | 0.00 | 1.55 | 4.98 | |||
| 9921 | 1.39 | (0.37) | 0.00 | (1.33) | 0.00 | 3.08 | 8.50 | |||
| 6414 | 1.16 | (0.10) | 0.00 | (1.33) | 0.00 | 2.39 | 8.92 | |||
| 00794B | 0.34 | 0.04 | (0.06) | (0.53) | 0.34 | 0.72 | 2.86 | |||
| 9908 | 0.23 | 0.00 | (0.20) | 0.06 | 0.25 | 0.50 | 1.33 | |||
| 5534 | 1.47 | (0.18) | 0.00 | 2.77 | 0.00 | 3.68 | 7.95 | |||
| 5522 | 2.07 | 0.14 | 0.02 | (1.48) | 2.58 | 4.11 | 16.81 | |||
| 2485 | 1.33 | (0.33) | 0.00 | (6.93) | 0.00 | 2.53 | 9.86 |
Hannstar Display 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 Hannstar Display stock to make a market-neutral strategy. Peer analysis of Hannstar Display could also be used in its relative valuation, which is a method of valuing Hannstar Display by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Hannstar Display Corporate Management
Elected by the shareholders, the Hannstar Display's board of directors comprises two types of representatives: Hannstar Display inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hannstar. The board's role is to monitor Hannstar Display's management team and ensure that shareholders' interests are well served. Hannstar Display'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, Hannstar Display's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChungHan Lin | Head of Finance & Accounting | Profile | |
| YongZong Zeng | Chief Officer | Profile | |
| Paul Chiu | VP Sec | Profile | |
| Y Chen | Head Center | Profile | |
| Bill Chen | Head Center | Profile |