Ever Supreme Correlations
| 6712 Stock | TWD 178.50 0.00 0.00% |
The current 90-days correlation between Ever Supreme Bio and Cayman Tung Ling is -0.12 (i.e., Good diversification). The correlation of Ever Supreme 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.
Ever Supreme Correlation With Market
Good diversification
The correlation between Ever Supreme Bio and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ever Supreme Bio and DJI in the same portfolio, assuming nothing else is changed.
Ever |
The ability to find closely correlated positions to Ever Supreme could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ever Supreme 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 Ever Supreme - 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 Ever Supreme Bio to buy it.
Moving together with Ever Stock
| 0.71 | 4743 | Oneness Biotech | PairCorr |
| 0.64 | 4174 | OBI Pharma | PairCorr |
| 0.78 | 4142 | Adimmune Corp | PairCorr |
| 0.64 | 4162 | PharmaEngine | PairCorr |
| 0.74 | 6415 | Silergy Corp | PairCorr |
| 0.73 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Ever Stock
| 0.66 | 2610 | China Airlines | PairCorr |
| 0.61 | 2345 | Accton Technology Corp | PairCorr |
| 0.49 | 2820 | China Bills Finance | PairCorr |
| 0.36 | 3533 | Lotes | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Ever Stock performing well and Ever Supreme 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 Ever Supreme'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 6834 | 1.70 | (0.28) | 0.00 | 0.77 | 0.00 | 3.56 | 16.80 | |||
| 6712 | 0.60 | (0.04) | 0.00 | 4.22 | 0.00 | 1.44 | 3.39 | |||
| 6841 | 1.70 | (0.04) | 0.00 | (0.12) | 0.00 | 4.55 | 12.37 | |||
| 2924 | 2.59 | (0.04) | 0.00 | 0.10 | 0.00 | 6.11 | 19.97 | |||
| 1109 | 0.42 | (0.11) | 0.00 | 3.64 | 0.00 | 0.82 | 2.58 | |||
| 2836 | 0.53 | (0.04) | 0.00 | 6.48 | 0.00 | 1.29 | 2.61 | |||
| 3128 | 0.64 | (0.02) | 0.00 | 0.19 | 0.00 | 1.30 | 3.79 | |||
| 4533 | 1.71 | (0.39) | 0.00 | 2.38 | 0.00 | 2.99 | 13.37 | |||
| 6126 | 1.23 | (0.29) | 0.00 | (1.63) | 0.00 | 3.42 | 11.08 |
Ever Supreme 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 Ever Supreme stock to make a market-neutral strategy. Peer analysis of Ever Supreme could also be used in its relative valuation, which is a method of valuing Ever Supreme by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Ever Supreme Corporate Management
Elected by the shareholders, the Ever Supreme's board of directors comprises two types of representatives: Ever Supreme inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ever. The board's role is to monitor Ever Supreme's management team and ensure that shareholders' interests are well served. Ever Supreme'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, Ever Supreme's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jiaqi Lin | Director | Profile | |
| Wenhou Chen | Independent Director | Profile | |
| Baiqin Li | Finance Manager | Profile | |
| Youzheng Li | Deputy General Manager | Profile | |
| Shijun He | Director | Profile | |
| Jinlong Chen | Independent Director | Profile | |
| Zhuqi Liu | Chairman of the Board | Profile |