Asia Tech Correlations

4974 Stock  TWD 105.50  4.00  3.65%   
The current 90-days correlation between Asia Tech Image and IEI Integration Corp is -0.13 (i.e., Good diversification). The correlation of Asia Tech 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.

Asia Tech Correlation With Market

Good diversification

The correlation between Asia Tech Image and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asia Tech Image and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Asia Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Tech 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 Asia Tech - 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 Asia Tech Image to buy it.

Moving together with Asia Stock

  0.749950 Eminent LuggagePairCorr

Moving against Asia Stock

  0.712545 Huang Hsiang ConstructionPairCorr
  0.648240 Wah Hong IndustrialPairCorr
  0.592354 Foxconn TechnologyPairCorr
  0.561442 Advancetek EnterprisePairCorr
  0.533056 ZongTai Real EstatePairCorr
  0.463036A WT MicroelectronicsPairCorr
  0.438284 Mitake InformationPairCorr
  0.432382 Quanta ComputerPairCorr
  0.412317 Hon Hai PrecisionPairCorr
  0.73231 Wistron CorpPairCorr
  0.675315 United Radiant TechnologyPairCorr
  0.542883B CHINA DEVELOPMENTPairCorr
  0.522356 Inventec CorpPairCorr
  0.412357 Asustek ComputerPairCorr
  0.413545 FocalTech SystemsPairCorr
  0.42883 China DevelopmentPairCorr
  0.373653 Jentech PrecisionPairCorr
  0.351464 De Licacy IndustrialPairCorr

Related Correlations Analysis

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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   
61662395
61663022
30222395
61666414
64143022
64142395
  
High negative correlations   
62062395
64146206
61666206
62063022

Risk-Adjusted Indicators

There is a big difference between Asia Stock performing well and Asia Tech 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 Asia Tech'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Asia Tech 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.

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Asia Tech Corporate Management

Elected by the shareholders, the Asia Tech's board of directors comprises two types of representatives: Asia Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asia. The board's role is to monitor Asia Tech's management team and ensure that shareholders' interests are well served. Asia Tech'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, Asia Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.
LiLun LinDirector DepartmentProfile
Wenshan HuangFinance ManagerProfile
YiJen LaiChairman CEOProfile
ShuPing WuGM DirectorProfile