Da Li Correlations
| 6177 Stock | TWD 48.40 0.40 0.83% |
The current 90-days correlation between Da Li Development and Delpha Construction Co is 0.22 (i.e., Modest diversification). The correlation of Da Li 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.
Da Li Correlation With Market
Very weak diversification
The correlation between Da Li Development Co and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Da Li Development Co and DJI in the same portfolio, assuming nothing else is changed.
6177 |
The ability to find closely correlated positions to Da Li could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Da Li 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 Da Li - 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 Da Li Development Co to buy it.
Moving together with 6177 Stock
| 0.92 | 2501 | Cathay Real Estate | PairCorr |
| 0.62 | 5213 | YeaShin International | PairCorr |
| 0.72 | 4157 | Taigen Biopharmaceutica | PairCorr |
| 0.76 | 2349 | Ritek Corp | PairCorr |
| 0.72 | 3349 | Dexin | PairCorr |
| 0.84 | 6218 | Hauman Technologies | PairCorr |
| 0.62 | 3669 | AVer Information | PairCorr |
| 0.71 | 3008 | LARGAN Precision Earnings Call This Week | PairCorr |
| 0.78 | 3689 | UD Electronic | PairCorr |
Moving against 6177 Stock
| 0.76 | 6505 | Formosa Petrochemical Earnings Call This Week | PairCorr |
| 0.49 | 4938 | Pegatron Corp | PairCorr |
| 0.44 | 2357 | Asustek Computer | 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 6177 Stock performing well and Da Li 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 Da Li'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2530 | 0.89 | (0.15) | 0.00 | (2.45) | 0.00 | 1.82 | 5.96 | |||
| 5534 | 0.94 | 0.01 | (0.05) | (0.08) | 1.15 | 2.20 | 5.48 | |||
| 2501 | 0.97 | 0.00 | (0.06) | 0.02 | 1.03 | 2.19 | 5.22 | |||
| 5213 | 1.00 | 0.00 | (0.05) | 0.09 | 0.99 | 2.34 | 12.49 | |||
| 2520 | 1.24 | 0.01 | 0.00 | 0.05 | 0.00 | 2.75 | 7.38 | |||
| 9940 | 0.71 | (0.09) | 0.00 | (0.40) | 0.00 | 1.38 | 5.60 | |||
| 2348 | 1.26 | (0.14) | 0.00 | (128.35) | 0.00 | 2.99 | 7.56 | |||
| 5508 | 1.65 | (0.31) | 0.00 | (2.83) | 0.00 | 2.27 | 10.50 | |||
| 1442 | 1.41 | (0.15) | 0.00 | 0.91 | 0.00 | 2.88 | 10.25 | |||
| 01002T | 0.36 | 0.01 | (0.12) | (0.01) | 0.45 | 0.90 | 4.92 |
Da Li 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 Da Li stock to make a market-neutral strategy. Peer analysis of Da Li could also be used in its relative valuation, which is a method of valuing Da Li by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Da Li Corporate Management
Elected by the shareholders, the Da Li's board of directors comprises two types of representatives: Da Li inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 6177. The board's role is to monitor Da Li's management team and ensure that shareholders' interests are well served. Da Li'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, Da Li's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pei Pan | Ma Department | Profile | |
| Ching Liu | VP Department | Profile | |
| Cheng Liao | Assistant Department | Profile | |
| Ching Liang | Ex VP | Profile | |
| ChihChang Hsieh | GM Chairman | Profile | |
| Hui Tung | Sr Department | Profile | |
| Chen Hsieh | Ma Department | Profile |