Pili International Correlations
| 8450 Stock | TWD 23.00 0.00 0.00% |
The current 90-days correlation between Pili International and Deltamac Taiwan Co is 0.05 (i.e., Significant diversification). The correlation of Pili International 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.
Pili International Correlation With Market
Good diversification
The correlation between Pili International Multimedia and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pili International Multimedia and DJI in the same portfolio, assuming nothing else is changed.
Pili |
The ability to find closely correlated positions to Pili International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pili International 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 Pili International - 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 Pili International Multimedia to buy it.
Moving together with Pili Stock
| 0.69 | 6144 | Deltamac Taiwan | PairCorr |
| 0.67 | 9928 | China Television | PairCorr |
| 0.85 | 5871 | Chailease Holding | PairCorr |
| 0.66 | 2633 | Taiwan High Speed | PairCorr |
| 0.81 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Pili Stock
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 Pili Stock performing well and Pili International 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 Pili International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 8450 | 0.84 | (0.14) | 0.00 | 3.98 | 0.00 | 1.50 | 5.83 | |||
| 6144 | 5.99 | (1.60) | 0.00 | 1.82 | 0.00 | 9.95 | 20.93 | |||
| 4931 | 3.92 | 1.20 | 0.26 | 55.20 | 3.36 | 9.92 | 19.94 | |||
| 1264 | 0.33 | 0.02 | (0.14) | 1.17 | 0.32 | 1.00 | 2.43 | |||
| 8114 | 2.30 | 0.75 | 0.29 | (1.10) | 1.62 | 6.03 | 13.57 | |||
| 4968 | 2.59 | 0.21 | 0.03 | (0.52) | 2.71 | 6.29 | 15.53 | |||
| 2535 | 0.63 | 0.14 | 0.06 | 16.16 | 0.49 | 1.31 | 6.70 | |||
| 6510 | 2.87 | 0.66 | 0.16 | (0.51) | 2.66 | 8.04 | 18.01 | |||
| 8047 | 3.69 | 0.34 | 0.06 | (1.62) | 3.92 | 9.89 | 18.64 | |||
| 6854 | 3.73 | 0.49 | 0.10 | (1.38) | 3.59 | 9.88 | 20.00 |
Pili International 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 Pili International stock to make a market-neutral strategy. Peer analysis of Pili International could also be used in its relative valuation, which is a method of valuing Pili International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Pili International Corporate Management
Elected by the shareholders, the Pili International's board of directors comprises two types of representatives: Pili International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pili. The board's role is to monitor Pili International's management team and ensure that shareholders' interests are well served. Pili International'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, Pili International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Liangxun Huang | Vice GM | Profile | |
| Huang WenTse | Vice GM | Profile | |
| Huang WenChang | Chairman Pres | Profile | |
| Lin Chung | Chief Officer | Profile |