Delta Electronics Correlations
| NVAW Stock | EUR 4.16 0.08 1.96% |
The current 90-days correlation between Delta Electronics Public and YASKAWA ELEC UNSP is -0.04 (i.e., Good diversification). The correlation of Delta Electronics 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.
Delta Electronics Correlation With Market
Significant diversification
The correlation between Delta Electronics Public and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delta Electronics Public and DJI in the same portfolio, assuming nothing else is changed.
Delta |
The ability to find closely correlated positions to Delta Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Electronics 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 Delta Electronics - 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 Delta Electronics Public to buy it.
Moving together with Delta Stock
| 0.85 | 49V | VERTIV HOLCL A | PairCorr |
| 0.86 | OSR | OSRAM LICHT N | PairCorr |
| 0.69 | 1ZB | Bloom Energy | PairCorr |
| 0.83 | 3EC | Eaton PLC | PairCorr |
| 0.88 | TM5 | T Mobile | PairCorr |
| 0.87 | EMR | EMERSON ELECTRIC | PairCorr |
| 0.82 | 51KB | AVITA Medical | PairCorr |
| 0.65 | 108 | Sumitomo Rubber Indu | PairCorr |
| 0.69 | HDFA | HDFC Bank Limited | PairCorr |
| 0.77 | GTX | Gentex | PairCorr |
| 0.87 | ZIM | Zimmer Biomet Holdings | PairCorr |
| 0.74 | TL0 | Tesla Inc | PairCorr |
| 0.82 | G8L | GREENLIGHT CAP RE | PairCorr |
| 0.82 | NSE | Nomura Holdings | PairCorr |
| 0.81 | H0O | REVO INSURANCE SPA | PairCorr |
| 0.72 | 6GAA | Grupo Aval Acciones | PairCorr |
| 0.82 | ENR | Siemens Energy AG | PairCorr |
| 0.71 | 6GAA | Grupo Aval Acciones | PairCorr |
| 0.85 | OM6 | OReilly Automotive | PairCorr |
| 0.69 | TSFA | Taiwan Semiconductor | PairCorr |
Moving against Delta Stock
| 0.84 | YEC0 | YASKAWA ELEC UNSP | PairCorr |
| 0.84 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.8 | BYRA | PT Bank Rakyat | PairCorr |
| 0.78 | PQ9 | BANK MANDIRI | PairCorr |
| 0.77 | PQ9 | BANK MANDIRI | PairCorr |
| 0.77 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.68 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.66 | BYRA | PT Bank Rakyat | PairCorr |
| 0.64 | 703 | Alfen NV | PairCorr |
| 0.63 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.57 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.54 | PQ9 | BANK MANDIRI | PairCorr |
| 0.56 | CN6 | BII Railway Transpor | PairCorr |
| 0.33 | DFXN | SIERRA METALS | PairCorr |
Related Correlations Analysis
| -0.84 | 0.36 | 0.85 | 0.69 | -0.64 | NVAW | ||
| -0.84 | -0.47 | -0.77 | -0.69 | 0.6 | YEC0 | ||
| 0.36 | -0.47 | 0.29 | 0.57 | -0.2 | PLUN | ||
| 0.85 | -0.77 | 0.29 | 0.82 | -0.7 | 49V | ||
| 0.69 | -0.69 | 0.57 | 0.82 | -0.66 | 1ZB | ||
| -0.64 | 0.6 | -0.2 | -0.7 | -0.66 | 703 | ||
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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 Delta Stock performing well and Delta Electronics 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 Delta Electronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVAW | 2.37 | 0.61 | 0.16 | 4.79 | 2.90 | 5.70 | 15.84 | |||
| YEC0 | 1.50 | (0.26) | 0.00 | (0.72) | 0.00 | 2.61 | 10.75 | |||
| PLUN | 4.17 | 0.64 | 0.10 | (0.34) | 5.00 | 12.85 | 39.23 | |||
| 49V | 2.92 | 0.42 | 0.14 | 0.35 | 2.87 | 5.89 | 21.91 | |||
| 1ZB | 4.81 | 1.71 | 0.38 | (6.33) | 3.42 | 9.73 | 94.37 | |||
| 703 | 2.15 | (0.03) | 0.00 | 0.09 | 0.00 | 4.71 | 14.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Delta Electronics 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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Delta Electronics Corporate Management
Elected by the shareholders, the Delta Electronics' board of directors comprises two types of representatives: Delta Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Delta. The board's role is to monitor Delta Electronics' management team and ensure that shareholders' interests are well served. Delta Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Delta Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vichai Saksuriya | VP HR | Profile | |
| TsaiHsing Chang | Pres Director | Profile | |
| Nipaporn Jiarajareevong | Chief Officer | Profile | |
| ChinMing Chen | Chief Officer | Profile | |
| Wilailak Fungthanakun | Company Sec | Profile | |
| Tzushing Ko | Ex Director | Profile | |
| Ping Cheng | Ex Director | Profile |