Excellence Optoelectronic Correlations
| 6288 Stock | TWD 29.40 0.10 0.34% |
The current 90-days correlation between Excellence Optoelectronic and Hota Industrial Mfg is 0.29 (i.e., Modest diversification). The correlation of Excellence Optoelectronic 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.
Excellence Optoelectronic Correlation With Market
Average diversification
The correlation between Excellence Optoelectronic and DJI 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 Excellence Optoelectronic and DJI in the same portfolio, assuming nothing else is changed.
Excellence |
The ability to find closely correlated positions to Excellence Optoelectronic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Excellence Optoelectronic 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 Excellence Optoelectronic - 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 Excellence Optoelectronic to buy it.
Moving together with Excellence Stock
| 0.67 | 2317 | Hon Hai Precision | PairCorr |
| 0.7 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.62 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.65 | 0050 | YuantaP shares Taiwan | PairCorr |
Moving against Excellence Stock
| 0.67 | 3008 | LARGAN Precision | PairCorr |
| 0.66 | 2072 | Century Wind Power | PairCorr |
| 0.59 | 6539 | DV Biomed | PairCorr |
| 0.5 | 2327 | Yageo Corp | PairCorr |
Related Correlations Analysis
| 0.09 | 0.02 | -0.17 | 0.72 | 1536 | ||
| 0.09 | -0.61 | -0.71 | -0.02 | 3665 | ||
| 0.02 | -0.61 | 0.88 | 0.21 | 6271 | ||
| -0.17 | -0.71 | 0.88 | 0.14 | 2351 | ||
| 0.72 | -0.02 | 0.21 | 0.14 | 1522 | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Excellence Stock performing well and Excellence Optoelectronic 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 Excellence Optoelectronic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1536 | 2.30 | (0.19) | 0.00 | (0.04) | 0.00 | 5.50 | 14.91 | |||
| 3665 | 2.40 | 0.55 | 0.16 | 1.97 | 2.35 | 7.12 | 15.85 | |||
| 6271 | 1.38 | (0.20) | 0.00 | (0.19) | 0.00 | 3.17 | 7.48 | |||
| 2351 | 2.10 | (0.47) | 0.00 | (0.42) | 0.00 | 3.00 | 19.82 | |||
| 1522 | 1.32 | (0.09) | 0.00 | (0.38) | 0.00 | 3.10 | 12.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Excellence Optoelectronic 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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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Excellence Optoelectronic Corporate Management
Elected by the shareholders, the Excellence Optoelectronic's board of directors comprises two types of representatives: Excellence Optoelectronic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Excellence. The board's role is to monitor Excellence Optoelectronic's management team and ensure that shareholders' interests are well served. Excellence Optoelectronic'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, Excellence Optoelectronic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zhenghuang Guo | Director | Profile | |
| Kuohsin Huang | Chairman CTO | Profile | |
| FangYue Huang | Pres Director | Profile | |
| JunChou Lin | CFO Officer | Profile | |
| Ruilong Xu | Deputy General Manager | Profile | |
| Guoxin Huang | Chairman of the Board | Profile | |
| Jinpei Lin | Deputy General Manager | Profile |