Keystone Microtech Correlations
| 6683 Stock | TWD 415.50 4.00 0.95% |
The current 90-days correlation between Keystone Microtech Corp and Ampoc Far East Co is 0.23 (i.e., Modest diversification). The correlation of Keystone Microtech 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.
Keystone Microtech Correlation With Market
Average diversification
The correlation between Keystone Microtech Corp and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keystone Microtech Corp and DJI in the same portfolio, assuming nothing else is changed.
Keystone |
The ability to find closely correlated positions to Keystone Microtech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Keystone Microtech 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 Keystone Microtech - 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 Keystone Microtech Corp to buy it.
Moving together with Keystone Stock
| 0.68 | 8042 | Taiwan Chinsan Electronic | PairCorr |
| 0.73 | 4105 | TTY Biopharm | PairCorr |
| 0.62 | 1308 | Asia Polymer Corp | PairCorr |
| 0.66 | 6515 | WinWay Technology | PairCorr |
| 0.63 | 2887E | Taishin Financial Holding | PairCorr |
| 0.64 | 1312A | Grand Pacific Petroc | PairCorr |
| 0.68 | 6220 | YFC BonEagle Electric | PairCorr |
| 0.7 | 3163 | Browave | PairCorr |
Moving against Keystone Stock
Related Correlations Analysis
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 Keystone Stock performing well and Keystone Microtech 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 Keystone Microtech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2493 | 2.14 | 0.15 | 0.03 | 2.78 | 2.67 | 7.62 | 16.20 | |||
| 6173 | 2.80 | 0.39 | 0.13 | 0.41 | 2.62 | 9.90 | 15.91 | |||
| 8261 | 1.74 | (0.13) | 0.00 | (0.07) | 0.00 | 4.74 | 15.19 | |||
| 5222 | 1.55 | (0.11) | 0.00 | (0.04) | 0.00 | 3.82 | 12.88 | |||
| 6525 | 1.48 | (0.20) | 0.00 | (0.24) | 0.00 | 2.74 | 12.19 | |||
| 3545 | 1.40 | (0.40) | 0.00 | (0.62) | 0.00 | 2.42 | 7.23 | |||
| 6679 | 1.65 | (0.28) | 0.00 | (0.75) | 0.00 | 3.40 | 9.99 | |||
| 2340 | 1.86 | (0.16) | 0.00 | (0.11) | 0.00 | 3.34 | 11.66 | |||
| 5351 | 2.99 | 0.53 | 0.13 | (4.32) | 3.01 | 7.08 | 19.13 | |||
| 5425 | 1.99 | (0.07) | 0.00 | (0.23) | 0.00 | 7.59 | 16.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Keystone Microtech 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Keystone Microtech Corporate Management
Elected by the shareholders, the Keystone Microtech's board of directors comprises two types of representatives: Keystone Microtech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Keystone. The board's role is to monitor Keystone Microtech's management team and ensure that shareholders' interests are well served. Keystone Microtech'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, Keystone Microtech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Qiwen Chen | Independent Director | Profile | |
| Songmao Wu | Independent Director | Profile | |
| Mingyi Li | Director | Profile | |
| Jiangliang Lin | Independent Director | Profile | |
| Qihong Ye | Director | Profile | |
| Zhimin Li | Chairman of the Board | Profile | |
| Junlang Lu | General Manager, Director | Profile |