Insyde Software Correlations

6231 Stock

TWD 465.00 3.00 0.64%

The current 90-days correlation between Insyde Software and Galaxy Software Services is -0.15 (i.e., Good diversification). The correlation of Insyde Software 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.

Insyde Software Correlation With Market

Good diversification

The correlation between Insyde Software and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Insyde Software and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Insyde Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Insyde Software 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 Insyde Software - 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 Insyde Software to buy it.

Moving against Insyde Stock

0.55	3570	Otsuka Information	Pair Corr
0.42	3008	LARGAN Precision	Pair Corr
0.4	2379	Realtek Semiconductor	Pair Corr
0.35	6121	Simplo Technology	Pair Corr

Related Correlations Analysis

	6752	2850	5880	2880	2883B	2836	6231
6752		0.32	-0.22	-0.05	0.5	-0.27	0.06	6752
2850	0.32		-0.41	-0.12	0.6	-0.56	0.31	2850
5880	-0.22	-0.41		0.53	-0.65	0.49	0.29	5880
2880	-0.05	-0.12	0.53		-0.16	0.53	0.18	2880
2883B	0.5	0.6	-0.65	-0.16		-0.5	-0.17	2883B
2836	-0.27	-0.56	0.49	0.53	-0.5		-0.01	2836
6231	0.06	0.31	0.29	0.18	-0.17	-0.01		6231
	6752	2850	5880	2880	2883B	2836	6231

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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

2883B	+ 0.6	2850
2880	+ 0.53	5880
2836	+ 0.53	2880
2883B	+ 0.5	6752
2836	+ 0.49	5880
2850	+ 0.32	6752

High negative correlations

2883B	- 0.65	5880
2836	- 0.56	2850
2836	- 0.5	2883B
5880	- 0.41	2850
2836	- 0.27	6752
5880	- 0.22	6752

Risk-Adjusted Indicators

There is a big difference between Insyde Stock performing well and Insyde Software 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 Insyde Software'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
6752	1.52	0.12	(0.02)	(0.23)	1.49	(2.13)	3.85	(2.48)	13.11
2850	0.86	0.06	(0.01)	0.33	1.09	(0.99)	1.82	(1.80)	6.85
5880	0.52	(0.06)	0.00	(1.48)	0.00	0.00	1.18	(1.17)	4.29
2880	0.65	0.02	(0.08)	0.28	0.73	(0.86)	1.56	(1.36)	3.73
2883B	0.31	0.06	(0.07)	0.93	0.27	(0.39)	0.65	(0.81)	2.84
2836	0.48	(0.04)	0.00	1.70	0.00	0.00	0.86	(0.85)	2.51
6231	2.50	0.19	0.01	(0.34)	2.31	(3.73)	9.00	(3.71)	15.75

Be your own money manager

Our tools can tell you how much better you can do entering a position in Insyde Software 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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Insyde Software Corporate Management

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

Tim Lewis	Chief Officer	Profile
James Hsu	VP Engineering	Profile
ChihKao Wang	Chairman CEO	Profile
Aven Chuang	Pres Director	Profile
Susan Su	Ex VP	Profile
Stephen Gentile	VP Officer	Profile
Melody Hsu	Assistant Fin	Profile

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