ADLINK Technology Correlations

6166 Stock

TWD 75.40 1.10 1.48%

The current 90-days correlation between ADLINK Technology and Bank of Kaohsiung is 0.55 (i.e., Very weak diversification). The correlation of ADLINK 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.

ADLINK Technology Correlation With Market

Average diversification

The correlation between ADLINK Technology and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ADLINK Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ADLINK 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 ADLINK 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 ADLINK 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 ADLINK Technology to buy it.

Moving against ADLINK Stock

0.35	4192	SynCore Biotechnology	Pair Corr
0.33	5514	Sunfon Construction	Pair Corr
0.33	4157	Taigen Biopharmaceutica	Pair Corr
0.32	6461	Intech Biopharm	Pair Corr

Related Correlations Analysis

	6441	2836	3293	3083	2887E	2890	8437
6441		0.46	0.01	0.11	0.43	0.36	0.34	6441
2836	0.46		-0.46	0.16	0.36	0.77	0.02	2836
3293	0.01	-0.46		0.25	-0.19	-0.37	0.5	3293
3083	0.11	0.16	0.25		0.14	0.01	0.38	3083
2887E	0.43	0.36	-0.19	0.14		0.37	0.01	2887E
2890	0.36	0.77	-0.37	0.01	0.37		0.12	2890
8437	0.34	0.02	0.5	0.38	0.01	0.12		8437
	6441	2836	3293	3083	2887E	2890	8437

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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

2890	+ 0.77	2836
8437	+ 0.5	3293
2836	+ 0.46	6441
2887E	+ 0.43	6441
8437	+ 0.38	3083
2890	+ 0.37	2887E

High negative correlations

3293	- 0.46	2836
2890	- 0.37	3293
2887E	- 0.19	3293

Risk-Adjusted Indicators

There is a big difference between ADLINK Stock performing well and ADLINK 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 ADLINK 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
6441	1.56	(0.03)	0.00	0.19	0.00	0.00	3.20	(3.33)	18.65
2836	0.47	(0.03)	0.00	(4.87)	0.00	0.00	0.86	(0.85)	2.51
3293	1.95	0.16	0.07	0.26	1.96	(2.52)	4.30	(3.12)	15.73
3083	0.87	(0.05)	0.00	(0.19)	0.00	0.00	1.81	(1.79)	5.21
2887E	0.16	(0.02)	0.00	0.64	0.00	0.00	0.39	(0.39)	1.17
2890	0.93	(0.07)	0.00	(2.18)	0.00	0.00	1.91	(1.48)	6.36
8437	1.55	(0.02)	0.00	0.23	0.00	0.00	2.76	(4.08)	14.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in ADLINK Technology 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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ADLINK Technology Corporate Management

Elected by the shareholders, the ADLINK Technology's board of directors comprises two types of representatives: ADLINK Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ADLINK. The board's role is to monitor ADLINK Technology's management team and ensure that shareholders' interests are well served. ADLINK 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, ADLINK Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.

TaChih Chou	Global Officer	Profile
KuoWei Lo	Regional China	Profile
YuTing Lin	Sr Department	Profile
ShihHao Wan	Regional Europe	Profile
Zhi Feng	Global Office	Profile

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