Test Research Correlations
| 3030 Stock | TWD 124.50 1.00 0.81% |
The current 90-days correlation between Test Research and Leader Electronics is 0.22 (i.e., Modest diversification). The correlation of Test Research 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.
Test Research Correlation With Market
Average diversification
The correlation between Test Research and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Test Research and DJI in the same portfolio, assuming nothing else is changed.
Test |
The ability to find closely correlated positions to Test Research could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Test Research 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 Test Research - 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 Test Research to buy it.
Moving together with Test Stock
Moving against Test Stock
| 0.69 | 3533 | Lotes | PairCorr |
| 0.59 | 6669 | Wiwynn Corp | PairCorr |
| 0.56 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.56 | 2609 | Yang Ming Marine | PairCorr |
| 0.5 | 2454 | MediaTek | PairCorr |
| 0.42 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.31 | 0057 | Fubon MSCI Taiwan | PairCorr |
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 Test Stock performing well and Test Research 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 Test Research'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2409 | 1.20 | (0.03) | (0.07) | 0.04 | 1.27 | 2.57 | 8.17 | |||
| 3481 | 1.42 | 0.08 | 0.03 | 0.23 | 1.39 | 3.03 | 12.56 | |||
| 9945 | 0.94 | (0.02) | (0.09) | (0.05) | 1.18 | 1.80 | 7.35 | |||
| 5245 | 1.54 | (0.11) | 0.00 | 0.74 | 0.00 | 2.89 | 14.50 | |||
| 3034 | 1.04 | (0.12) | 0.00 | (0.44) | 0.00 | 1.97 | 8.21 | |||
| 3058 | 1.35 | (0.17) | 0.00 | 2.02 | 0.00 | 2.79 | 8.09 | |||
| 6697 | 1.34 | 0.16 | 0.04 | 0.67 | 1.59 | 3.46 | 15.29 | |||
| 9921 | 1.66 | (0.69) | 0.00 | (3.07) | 0.00 | 2.00 | 14.43 | |||
| 2882A | 0.10 | 0.01 | (0.50) | 0.50 | 0.00 | 0.33 | 0.82 | |||
| 9908 | 0.17 | (0.02) | 0.00 | (0.43) | 0.00 | 0.33 | 1.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Test Research 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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Test Research Corporate Management
Elected by the shareholders, the Test Research's board of directors comprises two types of representatives: Test Research inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Test. The board's role is to monitor Test Research's management team and ensure that shareholders' interests are well served. Test Research'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, Test Research's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChiehYuan Chen | Chairman Founder | Profile | |
| ChiaLang Tsai | Sr Department | Profile | |
| KaunYuan Chen | Director Chief | Profile | |
| Chiang Lin | VP Director | Profile |