Fusheng Precision Correlations
| 6670 Stock | 328.50 0.50 0.15% |
The current 90-days correlation between Fusheng Precision and Leatec Fine Ceramics is 0.12 (i.e., Average diversification). The correlation of Fusheng Precision 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.
Fusheng Precision Correlation With Market
Significant diversification
The correlation between Fusheng Precision Co 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 Fusheng Precision Co and DJI in the same portfolio, assuming nothing else is changed.
Fusheng |
The ability to find closely correlated positions to Fusheng Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fusheng Precision 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 Fusheng Precision - 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 Fusheng Precision Co to buy it.
Moving together with Fusheng Stock
| 0.62 | 1736 | Johnson Health Tech | PairCorr |
| 0.65 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.62 | 3702A | WPG Holdings | PairCorr |
| 0.7 | 2882B | Cathay Financial Holding | PairCorr |
Moving against Fusheng Stock
| 0.76 | 8924 | O TA Precision | PairCorr |
| 0.7 | 8478 | Alexander Marine | PairCorr |
| 0.65 | 2317 | Hon Hai Precision | PairCorr |
| 0.63 | 8462 | Power Wind Health | PairCorr |
| 0.61 | 9921 | Giant Manufacturing | PairCorr |
| 0.56 | 3702 | WPG Holdings | PairCorr |
| 0.54 | 9914 | Merida Industry | PairCorr |
| 0.54 | 4938 | Pegatron Corp | PairCorr |
| 0.5 | 8938 | Advanced International | PairCorr |
| 0.47 | 2382 | Quanta Computer | PairCorr |
| 0.47 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.43 | 3231 | Wistron Corp | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Fusheng Stock performing well and Fusheng Precision 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 Fusheng Precision'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 6127 | 2.25 | (0.24) | 0.00 | (0.47) | 0.00 | 4.49 | 15.75 | |||
| 6697 | 1.59 | 0.12 | 0.02 | 0.68 | 2.03 | 4.31 | 17.29 | |||
| 6209 | 1.83 | 0.02 | (0.02) | 0.13 | 1.99 | 5.20 | 15.58 | |||
| 1777 | 0.64 | (0.05) | 0.00 | (5.77) | 0.00 | 1.55 | 4.98 | |||
| 00719B | 0.19 | 0.04 | (0.18) | (0.84) | 0.05 | 0.48 | 1.28 | |||
| 2497 | 1.19 | (0.40) | 0.00 | 3.72 | 0.00 | 1.90 | 13.43 | |||
| 2485 | 1.33 | (0.34) | 0.00 | (1.53) | 0.00 | 2.53 | 9.86 | |||
| 00787B | 0.41 | 0.00 | (0.17) | 0.12 | 0.56 | 0.85 | 2.26 | |||
| 00935 | 0.86 | 0.01 | (0.06) | 0.13 | 1.08 | 1.89 | 5.60 | |||
| 2412 | 0.34 | 0.01 | (0.15) | 0.24 | 0.34 | 0.82 | 2.02 |
Fusheng Precision 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 Fusheng Precision stock to make a market-neutral strategy. Peer analysis of Fusheng Precision could also be used in its relative valuation, which is a method of valuing Fusheng Precision by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fusheng Precision Corporate Management
Elected by the shareholders, the Fusheng Precision's board of directors comprises two types of representatives: Fusheng Precision inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fusheng. The board's role is to monitor Fusheng Precision's management team and ensure that shareholders' interests are well served. Fusheng Precision'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, Fusheng Precision's outside directors are responsible for providing unbiased perspectives on the board's policies.
| WangMing Li | Ex Director | Profile | |
| DuanKui Zhang | Deputy Mang | Profile | |
| PinYen Chen | Chief Center | Profile | |
| ChingSheng Chiang | CEO Director | Profile | |
| Eric Hsu | Chief Officer | Profile | |
| QiMing Lin | Deputy Mang | Profile | |
| Chris Chen | Accounting Supervisor | Profile |