Powertech Technology Correlations
| 6239 Stock | TWD 182.00 5.50 3.12% |
The current 90-days correlation between Powertech Technology and Asmedia Technology is 0.19 (i.e., Average diversification). The correlation of Powertech 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.
Powertech |
The ability to find closely correlated positions to Powertech 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 Powertech 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 Powertech 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 Powertech Technology to buy it.
Moving together with Powertech Stock
| 0.91 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.74 | 2317 | Hon Hai Precision | PairCorr |
| 0.88 | 3711 | ASE Industrial Holding Earnings Call Today | PairCorr |
| 0.9 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.8 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.9 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.9 | 0053 | YuantaP shares Taiwan | PairCorr |
Moving against Powertech Stock
| 0.74 | 2609 | Yang Ming Marine | PairCorr |
| 0.72 | 2002 | China Steel Corp | PairCorr |
| 0.67 | 2615 | Wan Hai Lines | PairCorr |
| 0.53 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.37 | 2002A | China Steel Corp Earnings Call This Week | 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
|
Risk-Adjusted Indicators
There is a big difference between Powertech Stock performing well and Powertech 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 Powertech 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5269 | 1.73 | (0.35) | 0.00 | 0.60 | 0.00 | 2.79 | 11.83 | |||
| 6770 | 2.73 | 1.23 | 0.37 | (3.49) | 2.17 | 9.93 | 18.77 | |||
| 6415 | 1.81 | (0.48) | 0.00 | 0.44 | 0.00 | 3.06 | 11.90 | |||
| 6526 | 1.29 | (0.14) | 0.00 | (0.64) | 0.00 | 2.67 | 7.84 | |||
| 4958 | 2.66 | 0.67 | 0.18 | (1.40) | 2.45 | 8.97 | 18.47 | |||
| 2313 | 2.03 | 0.62 | 0.19 | (0.48) | 1.84 | 4.40 | 15.82 | |||
| 3702 | 1.06 | (0.12) | 0.00 | 0.36 | 0.00 | 1.52 | 7.80 | |||
| 2409 | 1.35 | 0.15 | 0.01 | (0.22) | 1.64 | 2.99 | 9.51 | |||
| 6789 | 1.97 | 0.22 | 0.02 | (0.16) | 2.18 | 5.62 | 15.33 | |||
| 5483 | 1.96 | 0.33 | 0.09 | (0.40) | 1.68 | 5.56 | 12.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Powertech 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?
Run Latest Portfolios Now
Latest PortfoliosQuick portfolio dashboard that showcases your latest portfolios |
| All Next | Launch Module |
Powertech Technology Corporate Management
Elected by the shareholders, the Powertech Technology's board of directors comprises two types of representatives: Powertech Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Powertech. The board's role is to monitor Powertech Technology's management team and ensure that shareholders' interests are well served. Powertech 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, Powertech Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| DuhKung Tsai | Chairman Officer | Profile | |
| Gail Chuang | Ma Relations | Profile | |
| J Leu | Senior Deputy General Manager-Packaging Operation | Profile | |
| Y Chen | Deputy General Manager-Packaging Manufacturing | Profile | |
| Boris Hsieh | CEO Director | Profile | |
| Yohan Lin | Deputy General Manager-Human Resources & Legal Affairs | Profile | |
| Kevin Chiao | VP Sales | Profile |