Silergy Corp Correlations
| 6415 Stock | TWD 393.00 2.50 0.63% |
The current 90-days correlation between Silergy Corp and Novatek Microelectronics Corp is 0.17 (i.e., Average diversification). The correlation of Silergy Corp 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.
Silergy Corp Correlation With Market
Good diversification
The correlation between Silergy Corp and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Silergy Corp and DJI in the same portfolio, assuming nothing else is changed.
Silergy |
The ability to find closely correlated positions to Silergy Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silergy Corp 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 Silergy Corp - 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 Silergy Corp to buy it.
Moving together with Silergy Stock
| 0.94 | 2303 | United Microelectronics | PairCorr |
| 0.73 | 6488 | GlobalWafers | PairCorr |
| 0.82 | 6770 | Powerchip Semiconductor | PairCorr |
| 0.75 | 3666 | Optivision Technology | PairCorr |
| 0.88 | 2409 | AU Optronics | PairCorr |
| 0.66 | 6015 | Horizon Securities | PairCorr |
| 0.91 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Silergy Stock
| 0.88 | 3211 | Dynapack International | PairCorr |
| 0.71 | 2379 | Realtek Semiconductor | PairCorr |
| 0.67 | 1432 | Trk Corp | PairCorr |
| 0.62 | 2454 | MediaTek | PairCorr |
| 0.53 | 2609 | Yang Ming Marine | PairCorr |
| 0.47 | 8467 | Bonny Worldwide | PairCorr |
| 0.4 | 2330 | Taiwan Semiconductor | PairCorr |
Related Correlations Analysis
| 0.13 | 0.0 | 0.04 | 0.26 | 3034 | ||
| 0.13 | -0.79 | 0.94 | 0.9 | 2379 | ||
| 0.0 | -0.79 | -0.81 | -0.74 | 5274 | ||
| 0.04 | 0.94 | -0.81 | 0.92 | 3661 | ||
| 0.26 | 0.9 | -0.74 | 0.92 | 5269 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Silergy Stock performing well and Silergy Corp 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 Silergy Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3034 | 1.05 | (0.01) | (0.07) | (0.03) | 1.30 | 2.50 | 5.34 | |||
| 2379 | 1.20 | 0.17 | 0.06 | 1.37 | 1.45 | 2.40 | 7.72 | |||
| 5274 | 2.48 | (0.40) | 0.00 | (1.54) | 0.00 | 5.78 | 14.16 | |||
| 3661 | 2.84 | 0.71 | 0.21 | (6.31) | 2.35 | 8.95 | 15.42 | |||
| 5269 | 2.14 | 0.35 | 0.09 | (0.49) | 1.88 | 5.96 | 13.57 |
Silergy Corp 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 Silergy Corp stock to make a market-neutral strategy. Peer analysis of Silergy Corp could also be used in its relative valuation, which is a method of valuing Silergy Corp by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Silergy Corp Corporate Management
Elected by the shareholders, the Silergy Corp's board of directors comprises two types of representatives: Silergy Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Silergy. The board's role is to monitor Silergy Corp's management team and ensure that shareholders' interests are well served. Silergy Corp'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, Silergy Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jacqueline Zhou | HR Mang | Profile | |
| Tsuiman Liang | IR Mang | Profile | |
| ShaoWei Chen | Chief Officer | Profile | |
| Zhong Jiayou | Chief Officer | Profile | |
| Zi Huang | Chief Auditor | Profile |