Powertech Technology Correlations

6239 Stock

TWD 258.00 0.50 0.19%

The current 90-days correlation between Powertech Technology and Powerchip Semiconductor Manufacturing is 0.33 (i.e., Weak diversification). The correlation of Powertech 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.

Powertech Technology Correlation With Market

Poor diversification

The correlation between Powertech Technology and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Powertech Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Powertech Stock

0.76	4961	Fitipower Integrated	Pair Corr
0.91	1584	S Tech Corp	Pair Corr
0.78	5488	Sunf Pu Technology	Pair Corr
0.9	2409	AU Optronics	Pair Corr
0.79	6127	Leatec Fine Ceramics	Pair Corr
0.65	2603	Evergreen Marine Corp	Pair Corr
0.8	2495	Infortrend Technology	Pair Corr
0.69	6613	Nova Technology	Pair Corr
0.68	3659	Bison Electronics	Pair Corr
0.95	6015	Horizon Securities	Pair Corr
0.78	3372	Taiwan IC Packaging	Pair Corr
0.88	7728	Enli Technology CoLtd	Pair Corr
0.92	8016	Sitronix Technology Corp	Pair Corr
0.71	1434	Formosa Taffeta Earnings Call This Week	Pair Corr
0.74	2063	Sheh Kai Precision	Pair Corr
0.67	4121	Rossmax International	Pair Corr
0.8	3131	Grand Plastic Technology	Pair Corr
0.76	5489	Dynacolor	Pair Corr
0.88	8081	Global Mixed Mode	Pair Corr
0.69	6108	APCB Inc	Pair Corr
0.76	2329	Orient Semiconductor	Pair Corr
0.93	5302	Syntek Semiconductor	Pair Corr
0.79	4720	Tex Year Industries	Pair Corr
0.66	8410	Sentien Printing Factory	Pair Corr

Moving against Powertech Stock

0.72	6533	Andes Technology Corp	Pair Corr
0.72	3259	Solid State System	Pair Corr
0.49	6689	eCloudvalley Digital	Pair Corr
0.42	5348	Empower Technology	Pair Corr
0.37	2321	Tecom	Pair Corr

Related Correlations Analysis

	6770	5269	4958	3529	3036	5483	6526	3706	5347	6789
6770		0.53	0.91	0.01	0.74	0.85	0.23	-0.64	0.9	0.72	6770
5269	0.53		0.5	0.02	0.4	0.72	0.4	-0.09	0.65	0.32	5269
4958	0.91	0.5		0.26	0.82	0.7	0.38	-0.63	0.78	0.69	4958
3529	0.01	0.02	0.26		0.42	-0.22	0.63	0.14	-0.16	0.1	3529
3036	0.74	0.4	0.82	0.42		0.55	0.53	-0.5	0.6	0.76	3036
5483	0.85	0.72	0.7	-0.22	0.55		0.23	-0.37	0.87	0.62	5483
6526	0.23	0.4	0.38	0.63	0.53	0.23		0.08	0.15	0.43	6526
3706	-0.64	-0.09	-0.63	0.14	-0.5	-0.37	0.08		-0.59	-0.47	3706
5347	0.9	0.65	0.78	-0.16	0.6	0.87	0.15	-0.59		0.57	5347
6789	0.72	0.32	0.69	0.1	0.76	0.62	0.43	-0.47	0.57		6789
	6770	5269	4958	3529	3036	5483	6526	3706	5347	6789

Please upgrade your account to get full access to Macroaxis premium features

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

4958	+ 0.91	6770
5347	+ 0.9	6770
5347	+ 0.87	5483
5483	+ 0.85	6770
3036	+ 0.82	4958
5347	+ 0.78	4958

High negative correlations

3706	- 0.64	6770
3706	- 0.63	4958
5347	- 0.59	3706
3706	- 0.5	3036
6789	- 0.47	3706
3706	- 0.37	5483

Risk-Adjusted Indicators

There is a big difference between Powertech Stock performing well and Powertech 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 Powertech 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
6770	3.67	1.22	0.30	0.95	3.49	(4.35)	9.93	(6.78)	19.93
5269	2.44	0.16	0.01	(0.13)	2.74	(2.88)	5.69	(5.12)	15.80
4958	2.49	0.58	0.23	0.92	1.97	(3.26)	9.69	(3.70)	15.97
3529	3.17	0.43	0.11	0.89	3.17	(3.96)	9.79	(6.18)	18.45
3036	2.07	0.39	0.12	(1.52)	2.13	(2.51)	5.02	(3.31)	10.42
5483	2.00	0.17	0.05	0.33	2.44	(2.30)	3.96	(3.80)	11.92
6526	1.66	0.26	0.08	(0.32)	1.40	(2.24)	4.11	(2.76)	13.70
3706	1.75	(0.23)	0.00	(0.92)	0.00	0.00	3.27	(3.48)	11.87
5347	2.53	0.67	0.17	(3.02)	2.78	(2.98)	9.68	(4.88)	19.96
6789	1.98	0.58	0.23	(1.56)	1.60	(2.44)	5.67	(3.07)	11.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Powertech 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.

Did you try this?

Run Price Exposure Probability Now

Price Exposure Probability

Analyze equity upside and downside potential for a given time horizon across multiple markets

All Next

Launch Module

Powertech Technology Corporate Management

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

DuhKung Tsai	Chairman Officer	Profile
Gail Chuang	Ma Relations	Profile
J Leu	Senior Deputy General Manager-Packaging Operation	Profile
Y Chen	Deputy General Manager-Packaging Manufacturing	Profile
Boris Hsieh	CEO Director	Profile
Yohan Lin	Deputy General Manager-Human Resources & Legal Affairs	Profile
Kevin Chiao	VP Sales	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC