All Ring Correlations
| 6187 Stock | TWD 467.00 6.00 1.27% |
The current 90-days correlation between All Ring Tech and Iron Force Industrial is -0.01 (i.e., Good diversification). The correlation of All Ring 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.
All Ring Correlation With Market
Good diversification
The correlation between All Ring Tech and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding All Ring Tech and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to All Ring could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace All Ring 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 All Ring - 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 All Ring Tech to buy it.
Moving together with All Stock
| 0.91 | 6706 | Fittech | PairCorr |
| 0.63 | 6208 | Highlight Tech Split | PairCorr |
| 0.61 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.73 | 2882 | Cathay Financial Holding | PairCorr |
Moving against All Stock
| 0.47 | 6125 | Kenmec Mechanical | PairCorr |
| 0.42 | 6505 | Formosa Petrochemical | PairCorr |
| 0.4 | 2303 | United Microelectronics | PairCorr |
Related Correlations Analysis
| 0.39 | 0.35 | 0.66 | 0.83 | -0.04 | 3105 | ||
| 0.39 | -0.19 | 0.7 | 0.28 | 0.34 | 5425 | ||
| 0.35 | -0.19 | -0.11 | 0.48 | -0.14 | 2228 | ||
| 0.66 | 0.7 | -0.11 | 0.42 | 0.22 | 2329 | ||
| 0.83 | 0.28 | 0.48 | 0.42 | -0.34 | 8473 | ||
| -0.04 | 0.34 | -0.14 | 0.22 | -0.34 | 2010 | ||
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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 All Stock performing well and All Ring 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 All Ring'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3105 | 1.52 | (0.16) | 0.00 | 0.74 | 0.00 | 3.47 | 11.07 | |||
| 5425 | 1.58 | (0.06) | 0.00 | (0.08) | 0.00 | 3.08 | 11.12 | |||
| 2228 | 2.03 | 0.18 | 0.03 | 36.23 | 1.84 | 5.08 | 14.58 | |||
| 2329 | 1.93 | (0.15) | 0.00 | 0.41 | 0.00 | 5.28 | 16.85 | |||
| 8473 | 1.34 | (0.22) | 0.00 | 3.83 | 0.00 | 2.43 | 9.05 | |||
| 2010 | 1.00 | (0.03) | (0.07) | 0.04 | 1.25 | 2.80 | 7.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in All Ring 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?
Run Piotroski F Score Now
Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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All Ring Corporate Management
Elected by the shareholders, the All Ring's board of directors comprises two types of representatives: All Ring inside directors who are chosen from within the company, and outside directors, selected externally and held independent of All. The board's role is to monitor All Ring's management team and ensure that shareholders' interests are well served. All Ring'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, All Ring's outside directors are responsible for providing unbiased perspectives on the board's policies.
| PoJung Tseng | Chief Auditor | Profile | |
| MingChieh Tsai | Associate Division | Profile | |
| HsiaoMei Wang | Associate Division | Profile | |
| ChengYen Chiang | Associate Marketing | Profile | |
| ChingLai Lu | Chairman Officer | Profile | |
| ChengEn Ou | CTO CEO | Profile | |
| HsinYao Cheng | Pres Director | Profile |