Andes Technology Correlations

6533 Stock   379.00  6.50  1.74%   
The current 90-days correlation between Andes Technology Corp and Asmedia Technology is 0.42 (i.e., Very weak diversification). The correlation of Andes 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.

Andes Technology Correlation With Market

Average diversification

The correlation between Andes Technology Corp and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Andes Technology Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Andes 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 Andes 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 Andes 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 Andes Technology Corp to buy it.

Moving together with Andes Stock

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  0.712883 China Development Earnings Call TodayPairCorr
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  0.82882 Cathay Financial HoldingPairCorr
  0.850050 YuantaP shares TaiwanPairCorr
  0.870057 Fubon MSCI TaiwanPairCorr
  0.890053 YuantaP shares TaiwanPairCorr

Moving against Andes Stock

  0.752888 Shin Kong Financial Earnings Call This WeekPairCorr
  0.626488 GlobalWafersPairCorr
  0.575347 Vanguard InternationalPairCorr
  0.572891C CTBC Financial HoldingPairCorr
  0.542303 United MicroelectronicsPairCorr
  0.46770 Powerchip SemiconductorPairCorr
  0.353034 Novatek MicroelectronicsPairCorr

Related Correlations Analysis

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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   
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30373443
52693443
30345269
  
High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Andes Stock performing well and Andes 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 Andes 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.

Be your own money manager

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

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Andes Technology Corporate Management

Elected by the shareholders, the Andes Technology's board of directors comprises two types of representatives: Andes Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Andes. The board's role is to monitor Andes Technology's management team and ensure that shareholders' interests are well served. Andes 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, Andes Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
Emerson HsiaoVP CooperationProfile
HongMen SuPresident, CofounderProfile
HanChang ChouAssistant DirectorProfile
JenChih TsengVP BusProfile
MingKai TsaiFounderProfile
Thang TranPrincipal ArchitectProfile
JyhMing LinChairman CoFounderProfile