Taiwan Takisawa Correlations

6609 Stock

TWD 70.30 1.00 1.40%

The current 90-days correlation between Taiwan Takisawa Tech and Arbor Technology is 0.23 (i.e., Modest diversification). The correlation of Taiwan Takisawa 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.

Taiwan Takisawa Correlation With Market

Significant diversification

The correlation between Taiwan Takisawa Technology and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiwan Takisawa Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Taiwan Takisawa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiwan Takisawa 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 Taiwan Takisawa - 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 Taiwan Takisawa Technology to buy it.

Moving together with Taiwan Stock

0.83	2317	Hon Hai Precision	Pair Corr
0.81	8069	E Ink Holdings	Pair Corr
0.67	2327	Yageo Corp	Pair Corr
0.79	4938	Pegatron Corp	Pair Corr
0.85	2409	AU Optronics	Pair Corr
0.78	3481	Innolux Corp	Pair Corr
0.85	0051	YuantaP shares Taiwan	Pair Corr

Moving against Taiwan Stock

0.86	2881A	Fubon Financial Holding	Pair Corr
0.81	2891	CTBC Financial Holding	Pair Corr
0.75	3008	LARGAN Precision	Pair Corr
0.75	2882B	Cathay Financial Holding	Pair Corr
0.59	2881B	Fubon Financial Holding	Pair Corr
0.59	2454	MediaTek	Pair Corr
0.42	2330	Taiwan Semiconductor	Pair Corr
0.39	2308	Delta Electronics	Pair Corr
0.34	2882A	Cathay Financial Holding	Pair Corr

Related Correlations Analysis

	3085	3594	6412	0052	2314	6174	3541	8114
3085		0.77	-0.1	0.05	0.33	0.45	0.01	0.81	3085
3594	0.77		-0.19	0.4	0.66	0.38	0.39	0.94	3594
6412	-0.1	-0.19		0.08	-0.22	-0.1	-0.32	-0.15	6412
0052	0.05	0.4	0.08		0.62	-0.27	0.14	0.32	0052
2314	0.33	0.66	-0.22	0.62		-0.03	0.25	0.58	2314
6174	0.45	0.38	-0.1	-0.27	-0.03		0.37	0.52	6174
3541	0.01	0.39	-0.32	0.14	0.25	0.37		0.32	3541
8114	0.81	0.94	-0.15	0.32	0.58	0.52	0.32		8114
	3085	3594	6412	0052	2314	6174	3541	8114

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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

8114	+ 0.94	3594
8114	+ 0.81	3085
3594	+ 0.77	3085
2314	+ 0.66	3594
2314	+ 0.62	0052
8114	+ 0.58	2314

High negative correlations

3541	- 0.32	6412
6174	- 0.27	0052
2314	- 0.22	6412
6412	- 0.19	3594
8114	- 0.15	6412
6174	- 0.1	6412

Risk-Adjusted Indicators

There is a big difference between Taiwan Stock performing well and Taiwan Takisawa 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 Taiwan Takisawa'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
3085	2.08	0.15	0.02	0.74	2.56	(3.98)	5.87	(4.40)	21.31
3594	2.07	0.27	0.07	(2.64)	2.31	(2.40)	4.57	(4.62)	15.89
6412	1.33	(0.04)	0.00	(0.10)	0.00	0.00	3.29	(2.77)	8.49
0052	0.95	0.07	(0.03)	(0.18)	1.16	(0.95)	2.18	(1.92)	5.52
2314	2.56	0.32	0.09	1.66	2.57	(3.07)	8.25	(4.42)	16.57
6174	2.66	0.04	0.00	0.19	2.81	(3.60)	9.85	(4.24)	19.35
3541	0.80	(0.04)	0.00	0.22	0.00	0.00	1.69	(1.73)	7.01
8114	2.30	0.75	0.29	(1.10)	1.62	(2.96)	6.03	(3.10)	13.57

Taiwan Takisawa 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 Taiwan Takisawa stock to make a market-neutral strategy. Peer analysis of Taiwan Takisawa could also be used in its relative valuation, which is a method of valuing Taiwan Takisawa by comparing valuation metrics with similar companies.

Newretail Co Arbor Technology Chicony Power Technology Fubon Taiwan Technology Microelectronics Technology Aker Technology Co Cypress Technology Co Posiflex Technology American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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