IBASE Technology Correlations
| 8050 Stock | TWD 41.55 0.55 1.31% |
The current 90-days correlation between IBASE Technology and Leo Systems is 0.26 (i.e., Modest diversification). The correlation of IBASE Technology 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.
IBASE Technology Correlation With Market
Pay attention - limited upside
The correlation between IBASE Technology and DJI is -0.72 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IBASE Technology and DJI in the same portfolio, assuming nothing else is changed.
IBASE |
The ability to find closely correlated positions to IBASE Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IBASE Technology 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 IBASE Technology - 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 IBASE Technology to buy it.
Moving together with IBASE Stock
Moving against IBASE Stock
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| 0.61 | 2002 | China Steel Corp Earnings Call This Week | PairCorr |
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| 0.4 | 2501 | Cathay Real Estate | PairCorr |
| 0.39 | 1303 | Nan Ya Plastics | PairCorr |
| 0.39 | 3669 | AVer Information | PairCorr |
| 0.36 | 6166 | ADLINK Technology | PairCorr |
| 0.35 | 8064 | Contrel Technology | PairCorr |
| 0.32 | 1456 | I Hwa Industrial | PairCorr |
| 0.78 | 2882 | Cathay Financial Holding | PairCorr |
| 0.73 | 2349 | Ritek Corp | PairCorr |
| 0.72 | 3349 | Dexin | PairCorr |
| 0.65 | 6133 | Golden Bridge Electech | PairCorr |
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| 0.62 | 6223 | MPI Corporation | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between IBASE Stock performing well and IBASE Technology 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 IBASE Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5410 | 0.95 | (0.28) | 0.00 | (0.52) | 0.00 | 1.51 | 10.00 | |||
| 6161 | 1.05 | (0.14) | 0.00 | 0.73 | 0.00 | 2.01 | 8.49 | |||
| 5386 | 3.05 | 1.23 | 0.45 | 3.06 | 1.82 | 9.87 | 13.61 | |||
| 6128 | 1.51 | (0.16) | 0.00 | (0.21) | 0.00 | 3.56 | 9.94 | |||
| 6737 | 1.01 | (0.11) | 0.00 | 13.73 | 0.00 | 3.37 | 7.92 | |||
| 3564 | 2.04 | (0.06) | 0.00 | 0.15 | 0.00 | 4.85 | 15.17 | |||
| 2364 | 1.25 | (0.08) | 0.00 | 0.16 | 0.00 | 2.10 | 16.12 | |||
| 3158 | 0.62 | (0.19) | 0.00 | 1.20 | 0.00 | 1.70 | 3.84 | |||
| 6275 | 2.05 | 0.32 | 0.14 | 3.51 | 1.81 | 6.25 | 16.20 | |||
| 3046 | 1.46 | 0.06 | 0.01 | (0.76) | 1.50 | 3.37 | 13.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IBASE Technology 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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IBASE Technology Corporate Management
Elected by the shareholders, the IBASE Technology's board of directors comprises two types of representatives: IBASE Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IBASE. The board's role is to monitor IBASE Technology's management team and ensure that shareholders' interests are well served. IBASE Technology'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, IBASE Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.