Icares Medicus Correlations
| 6612 Stock | TWD 125.50 1.00 0.79% |
The current 90-days correlation between Icares Medicus and Bioteque is 0.05 (i.e., Significant diversification). The correlation of Icares Medicus 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.
Icares Medicus Correlation With Market
Significant diversification
The correlation between Icares Medicus and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Icares Medicus and DJI in the same portfolio, assuming nothing else is changed.
Icares |
The ability to find closely correlated positions to Icares Medicus could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Icares Medicus 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 Icares Medicus - 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 Icares Medicus to buy it.
Moving together with Icares Stock
Moving against Icares Stock
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| 0.56 | 1565 | StShine Optical | PairCorr |
| 0.56 | 2454 | MediaTek | PairCorr |
| 0.56 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.52 | 5312 | Formosa Optical Tech | PairCorr |
| 0.5 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.43 | 5269 | Asmedia Technology | PairCorr |
| 0.41 | 4111 | Chi Sheng Chemical | PairCorr |
| 0.4 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.38 | 2357 | Asustek Computer | PairCorr |
| 0.33 | 0053 | YuantaP shares Taiwan | PairCorr |
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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Risk-Adjusted Indicators
There is a big difference between Icares Stock performing well and Icares Medicus 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 Icares Medicus' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1565 | 1.41 | 0.48 | 0.18 | (1.39) | 1.05 | 5.16 | 12.43 | |||
| 4107 | 0.62 | (0.14) | 0.00 | (4.10) | 0.00 | 1.15 | 5.16 | |||
| 6499 | 1.05 | (0.04) | 0.00 | (1.23) | 0.00 | 2.55 | 12.48 | |||
| 1786 | 1.63 | (0.53) | 0.00 | 3.07 | 0.00 | 3.20 | 12.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Icares Medicus 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?
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Icares Medicus Corporate Management
Elected by the shareholders, the Icares Medicus' board of directors comprises two types of representatives: Icares Medicus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Icares. The board's role is to monitor Icares Medicus' management team and ensure that shareholders' interests are well served. Icares Medicus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Icares Medicus' outside directors are responsible for providing unbiased perspectives on the board's policies.
| YingZong Yan | Director | Profile | |
| Jerry Tseng | Vice Chairman of the Board, Group Chief Research & Development Officer | Profile | |
| Kaiyuan Tan | Independent Director | Profile | |
| JhihYing Guo | Independent Director | Profile | |
| William Lee | General Manager, Director | Profile |