Wistron Information Correlations
4953 Stock | TWD 135.50 1.50 1.12% |
The correlation of Wistron Information 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 Wistron Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wistron Information Technology 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.
Average diversification
The correlation between Wistron Information Technology and NYA is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wistron Information Technology and NYA in the same portfolio, assuming nothing else is changed.
Wistron |
The ability to find closely correlated positions to Wistron Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wistron Information 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 Wistron Information - 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 Wistron Information Technology to buy it.
Moving together with Wistron Stock
Moving against Wistron Stock
0.64 | 6743 | AMPACS Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Wistron Stock performing well and Wistron Information 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 Wistron Information'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
3231 | 2.34 | 0.20 | 0.05 | 0.58 | 2.49 | 4.35 | 15.17 | |||
6285 | 1.46 | 0.04 | 0.01 | 0.16 | 1.45 | 4.51 | 11.53 | |||
4938 | 1.36 | 0.25 | 0.10 | (5.07) | 1.42 | 3.11 | 13.54 | |||
5403 | 1.28 | 0.12 | 0.04 | 0.46 | 1.20 | 2.93 | 10.52 | |||
3596 | 1.52 | (0.03) | 0.00 | (0.04) | 0.00 | 4.00 | 9.06 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Wistron Information 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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Wistron Information Corporate Directors
Wistron Information corporate directors refer to members of a Wistron Information board of directors. The board of directors generally takes responsibility for the Wistron Information'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 Wistron Information's board members must vote for the resolution. The Wistron Information board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Yongxiang Xie | Independent Director | Profile | |
ChinBing Peng | Director | Profile | |
Fuqian Lin | Director | Profile | |
Chengju Fan | Independent Director | Profile |
Already Invested in Wistron Information Technology?
The danger of trading Wistron Information Technology 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 Wistron Information 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 Wistron Information. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Wistron Information 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 Wistron Information Technology. 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 Wistron Stock analysis
When running Wistron Information's price analysis, check to measure Wistron Information'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 Wistron Information is operating at the current time. Most of Wistron Information's value examination focuses on studying past and present price action to predict the probability of Wistron Information's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wistron Information's price. Additionally, you may evaluate how the addition of Wistron Information to your portfolios can decrease your overall portfolio volatility.
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