DRWu Skincare Correlations
| 6523 Stock | 149.00 0.50 0.33% |
The current 90-days correlation between DRWu Skincare and Taiyen Biotech Co is 0.23 (i.e., Modest diversification). The correlation of DRWu Skincare 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.
DRWu Skincare Correlation With Market
Good diversification
The correlation between DRWu Skincare Co 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 DRWu Skincare Co and DJI in the same portfolio, assuming nothing else is changed.
DRWu |
The ability to find closely correlated positions to DRWu Skincare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DRWu Skincare 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 DRWu Skincare - 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 DRWu Skincare Co to buy it.
Moving together with DRWu Stock
Moving against DRWu Stock
| 0.46 | 4137 | Chlitina Holding | PairCorr |
| 0.37 | 1737 | Taiyen Biotech | PairCorr |
| 0.32 | 4190 | Jourdeness Group | PairCorr |
| 0.32 | 4938 | Pegatron Corp | PairCorr |
Related Correlations Analysis
| 0.91 | 0.78 | -0.46 | 0.94 | 0.14 | 4137 | ||
| 0.91 | 0.74 | -0.37 | 0.87 | 0.08 | 1737 | ||
| 0.78 | 0.74 | -0.08 | 0.8 | 0.1 | 6504 | ||
| -0.46 | -0.37 | -0.08 | -0.32 | -0.3 | 6523 | ||
| 0.94 | 0.87 | 0.8 | -0.32 | -0.04 | 4190 | ||
| 0.14 | 0.08 | 0.1 | -0.3 | -0.04 | 9919 | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between DRWu Stock performing well and DRWu Skincare 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 DRWu Skincare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4137 | 1.41 | (0.46) | 0.00 | 23.80 | 0.00 | 2.33 | 8.51 | |||
| 1737 | 0.36 | (0.10) | 0.00 | 2.90 | 0.00 | 0.78 | 2.50 | |||
| 6504 | 1.14 | (0.09) | 0.00 | 0.65 | 0.00 | 2.37 | 11.23 | |||
| 6523 | 0.71 | 0.06 | (0.04) | (0.40) | 0.85 | 1.32 | 9.37 | |||
| 4190 | 0.96 | (0.38) | 0.00 | (18.52) | 0.00 | 1.36 | 6.80 | |||
| 9919 | 1.97 | 0.05 | (0.01) | 0.51 | 2.15 | 8.81 | 16.33 |
DRWu Skincare 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 DRWu Skincare stock to make a market-neutral strategy. Peer analysis of DRWu Skincare could also be used in its relative valuation, which is a method of valuing DRWu Skincare by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
DRWu Skincare Corporate Management
Elected by the shareholders, the DRWu Skincare's board of directors comprises two types of representatives: DRWu Skincare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DRWu. The board's role is to monitor DRWu Skincare's management team and ensure that shareholders' interests are well served. DRWu Skincare'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, DRWu Skincare's outside directors are responsible for providing unbiased perspectives on the board's policies.
| LingLing Lee | GM Pres | Profile | |
| Tina Lin | CFO Officer | Profile | |
| Fay Huang | Director Planning | Profile | |
| YiJu Wu | Chairman CEO | Profile | |
| Xuan Hsing | Admin Department | Profile | |
| Jeremy Chiu | Sales Director | Profile |