Inmax Holding Correlations
| 1591 Stock | TWD 65.00 0.30 0.46% |
The correlation of Inmax Holding 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Inmax Holding moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Inmax Holding Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Inmax Holding Co and NYA 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 Inmax Holding Co and NYA in the same portfolio, assuming nothing else is changed.
Inmax |
The ability to find closely correlated positions to Inmax Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Inmax Holding 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 Inmax Holding - 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 Inmax Holding Co to buy it.
Moving together with Inmax Stock
| 0.67 | 2049 | Hiwin Technologies Corp | PairCorr |
| 0.7 | 5007 | San Shing Fastech | PairCorr |
| 0.8 | 1527 | Basso Industry Corp Earnings Call This Week | PairCorr |
| 0.76 | 3004 | National Aerospace | PairCorr |
| 0.77 | 4571 | Khgears International | PairCorr |
| 0.84 | 2072 | Century Wind Power | PairCorr |
| 0.86 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.91 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.84 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.85 | 0057 | Fubon MSCI Taiwan | PairCorr |
Moving against Inmax Stock
Related Correlations Analysis
| 0.31 | 0.27 | 0.75 | 0.75 | 0.88 | 2049 | ||
| 0.31 | 0.23 | 0.49 | 0.52 | 0.2 | 5007 | ||
| 0.27 | 0.23 | 0.59 | 0.27 | 0.06 | 8349 | ||
| 0.75 | 0.49 | 0.59 | 0.7 | 0.55 | 1527 | ||
| 0.75 | 0.52 | 0.27 | 0.7 | 0.62 | 4571 | ||
| 0.88 | 0.2 | 0.06 | 0.55 | 0.62 | 4540 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Inmax Stock performing well and Inmax Holding 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 Inmax Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2049 | 1.95 | 0.12 | 0.04 | 0.25 | 2.13 | 5.48 | 15.02 | |||
| 5007 | 0.44 | 0.06 | 0.01 | 0.50 | 0.84 | 1.07 | 6.57 | |||
| 8349 | 0.94 | 0.31 | 0.27 | (0.81) | 0.49 | 3.51 | 6.63 | |||
| 1527 | 0.51 | 0.06 | 0.02 | 1.40 | 0.74 | 1.00 | 5.62 | |||
| 4571 | 1.85 | 0.20 | 0.06 | (0.50) | 1.99 | 4.75 | 15.62 | |||
| 4540 | 1.25 | 0.02 | 0.01 | 0.06 | 1.73 | 3.81 | 15.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Inmax Holding 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?
Run Alpha Finder Now
Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
Inmax Holding Corporate Directors
Inmax Holding corporate directors refer to members of an Inmax Holding board of directors. The board of directors generally takes responsibility for the Inmax Holding's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Inmax Holding's board members must vote for the resolution. The Inmax Holding board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jinrong Wu | Independent Director | Profile | |
| Liancai Kang | Director | Profile | |
| Xuhui Xu | Director | Profile | |
| Jinsheng Xu | Independent Director | Profile |
Already Invested in Inmax Holding Co?
The danger of trading Inmax Holding Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Inmax Holding is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Inmax Holding. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Inmax Holding is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Inmax Holding Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Inmax Stock analysis
When running Inmax Holding's price analysis, check to measure Inmax Holding's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Inmax Holding is operating at the current time. Most of Inmax Holding's value examination focuses on studying past and present price action to predict the probability of Inmax Holding's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Inmax Holding's price. Additionally, you may evaluate how the addition of Inmax Holding to your portfolios can decrease your overall portfolio volatility.
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Stocks Directory Find actively traded stocks across global markets | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Positions Ratings Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Bonds Directory Find actively traded corporate debentures issued by US companies | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments |