Excellence Optoelectronic Correlations

Stocks . Taiwan . 
Stock . Excellence Optoelectronic
6288 Stock  TWD 25.45  0.15  0.59%   
The current 90-days correlation between Excellence Optoelectronic and Hota Industrial Mfg is 0.34 (i.e., Weak diversification). The correlation of Excellence Optoelectronic 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.

Excellence Optoelectronic Correlation With Market

Good diversification

The correlation between Excellence Optoelectronic and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Excellence Optoelectronic and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Excellence Optoelectronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excellence Optoelectronic 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 Excellence Optoelectronic - 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 Excellence Optoelectronic to buy it.

Moving together with Excellence Stock

  0.822317 Hon Hai PrecisionPairCorr
  0.772409 AU Optronics Earnings Call This WeekPairCorr
  0.773481 Innolux CorpPairCorr
  0.640051 YuantaP shares TaiwanPairCorr

Moving against Excellence Stock

  0.812881B Fubon Financial HoldingPairCorr
  0.783008 LARGAN PrecisionPairCorr
  0.782454 MediaTek Earnings Call This WeekPairCorr
  0.652308 Delta ElectronicsPairCorr
  0.652882B Cathay Financial HoldingPairCorr
  0.632330 Taiwan SemiconductorPairCorr
  0.542891 CTBC Financial HoldingPairCorr
  0.512881A Fubon Financial HoldingPairCorr
  0.450050 YuantaP shares TaiwanPairCorr
  0.372882A Cathay Financial HoldingPairCorr
  0.370057 Fubon MSCI TaiwanPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
1522
+ 0.76
3665
6271
+ 0.58
1536
1522
+ 0.54
1536
3665
+ 0.51
1536
1522
+ 0.16
6271
6271
+ 0.14
3665
  
High negative correlations   
2351
- 0.5
3665
2351
- 0.43
1536
1522
- 0.34
2351

Risk-Adjusted Indicators

There is a big difference between Excellence Stock performing well and Excellence Optoelectronic 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 Excellence Optoelectronic'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Excellence Optoelectronic 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 Idea Analyzer Now

   

Idea Analyzer

Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas
All  Next Launch Module

Excellence Optoelectronic Corporate Management

Elected by the shareholders, the Excellence Optoelectronic's board of directors comprises two types of representatives: Excellence Optoelectronic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Excellence. The board's role is to monitor Excellence Optoelectronic's management team and ensure that shareholders' interests are well served. Excellence Optoelectronic'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, Excellence Optoelectronic's outside directors are responsible for providing unbiased perspectives on the board's policies.
Zhenghuang GuoDirectorProfile
Kuohsin HuangChairman CTOProfile
FangYue HuangPres DirectorProfile
JunChou LinCFO OfficerProfile
Ruilong XuDeputy General ManagerProfile
Guoxin HuangChairman of the BoardProfile
Jinpei LinDeputy General ManagerProfile
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
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY