CastleNet Technology Correlations
| 8059 Stock | TWD 18.65 0.45 2.36% |
The current 90-days correlation between CastleNet Technology and Microelectronics Technology is 0.25 (i.e., Modest diversification). The correlation of CastleNet 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.
CastleNet Technology Correlation With Market
Good diversification
The correlation between CastleNet Technology and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CastleNet Technology and DJI in the same portfolio, assuming nothing else is changed.
CastleNet |
The ability to find closely correlated positions to CastleNet 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 CastleNet 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 CastleNet 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 CastleNet Technology to buy it.
Moving together with CastleNet Stock
| 0.72 | 2498 | HTC Corp | PairCorr |
| 0.86 | 6285 | Wistron NeWeb Corp | PairCorr |
| 0.94 | 3596 | Arcadyan Technology Corp | PairCorr |
| 0.64 | 5388 | Sercomm Corp | PairCorr |
| 0.92 | 3558 | Senao Networks | PairCorr |
| 0.85 | 6728 | Up Young Cornerstone | PairCorr |
| 0.9 | 6735 | AMIDA Technology | PairCorr |
| 0.69 | 2072 | Century Wind Power | PairCorr |
| 0.66 | 2756 | Lian Fa International | PairCorr |
| 0.86 | 3430 | Chitec Technology | PairCorr |
Moving against CastleNet Stock
| 0.64 | 4906 | Gemtek Technology | PairCorr |
| 0.35 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.33 | 2345 | Accton Technology Corp | PairCorr |
| 0.33 | 0050 | YuantaP shares Taiwan | 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
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Risk-Adjusted Indicators
There is a big difference between CastleNet Stock performing well and CastleNet 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 CastleNet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2485 | 2.98 | 1.03 | 0.38 | 1.05 | 1.95 | 9.87 | 16.17 | |||
| 2314 | 2.39 | (0.11) | 0.00 | (0.16) | 0.00 | 9.83 | 16.64 | |||
| 3447 | 1.89 | (0.38) | 0.00 | (0.42) | 0.00 | 4.73 | 12.19 | |||
| 6546 | 1.40 | (0.31) | 0.00 | (0.86) | 0.00 | 2.38 | 10.21 | |||
| 3047 | 1.85 | (0.07) | 0.00 | (0.17) | 0.00 | 2.09 | 17.72 | |||
| 3138 | 1.64 | 0.13 | 0.04 | 11.07 | 1.79 | 3.64 | 13.26 | |||
| 6124 | 1.25 | 0.11 | 0.03 | (0.26) | 1.21 | 3.18 | 12.32 | |||
| 3049 | 2.08 | (0.18) | 0.00 | (0.29) | 0.00 | 4.78 | 19.95 | |||
| 8097 | 1.34 | (0.14) | 0.00 | (0.23) | 0.00 | 3.31 | 11.34 | |||
| 3577 | 1.45 | (0.21) | 0.00 | (0.29) | 0.00 | 2.92 | 10.87 |
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CastleNet Technology Corporate Management
Elected by the shareholders, the CastleNet Technology's board of directors comprises two types of representatives: CastleNet Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CastleNet. The board's role is to monitor CastleNet Technology's management team and ensure that shareholders' interests are well served. CastleNet 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, CastleNet Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Xiaodong Zheng | Independent Director | Profile | |
| Baoquan Ding | Deputy General Manager, Director | Profile | |
| Bifang Cai | Director | Profile | |
| Ying Chang | Acting Chairman of the Board | Profile | |
| Khongsit Choukitcharoen | Director | Profile | |
| Suzhen Zhang | Deputy General Manager-Marketing No. 1 Division | Profile |