Lotes Correlations
| 3533 Stock | TWD 1,455 45.00 3.19% |
The correlation of Lotes 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lotes moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lotes Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Lotes Co and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotes Co and NYA in the same portfolio, assuming nothing else is changed.
Lotes |
The ability to find closely correlated positions to Lotes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lotes 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 Lotes - 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 Lotes Co to buy it.
Moving together with Lotes Stock
| 0.71 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.63 | 2454 | MediaTek | PairCorr |
| 0.75 | 3034 | Novatek Microelectronics | PairCorr |
| 0.88 | 2327 | Yageo Corp | PairCorr |
| 0.9 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.91 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.79 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.9 | 0057 | Fubon MSCI Taiwan | PairCorr |
Moving against Lotes Stock
| 0.85 | 2609 | Yang Ming Marine | PairCorr |
| 0.82 | 4966 | Parade Technologies | PairCorr |
| 0.51 | 3008 | LARGAN Precision | PairCorr |
Related Correlations Analysis
| -0.2 | -0.1 | -0.56 | 0.51 | 3037 | ||
| -0.2 | 0.78 | 0.74 | -0.23 | 3661 | ||
| -0.1 | 0.78 | 0.79 | -0.62 | 8046 | ||
| -0.56 | 0.74 | 0.79 | -0.63 | 3443 | ||
| 0.51 | -0.23 | -0.62 | -0.63 | 3653 | ||
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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 Lotes Stock performing well and Lotes 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 Lotes' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3037 | 2.14 | 0.20 | 0.06 | 0.42 | 2.52 | 5.77 | 16.64 | |||
| 3661 | 2.94 | (0.37) | 0.00 | 0.94 | 0.00 | 4.83 | 19.79 | |||
| 8046 | 1.43 | (0.29) | 0.00 | (2.38) | 0.00 | 4.23 | 8.73 | |||
| 3443 | 2.62 | (0.43) | 0.00 | (18.09) | 0.00 | 5.78 | 16.12 | |||
| 3653 | 2.64 | 0.48 | 0.13 | (3.71) | 2.83 | 6.06 | 15.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lotes 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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Lotes Corporate Directors
Lotes corporate directors refer to members of a Lotes board of directors. The board of directors generally takes responsibility for the Lotes' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Lotes' board members must vote for the resolution. The Lotes board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| C Cheng | Director | Profile | |
| Changmin Jin | Director | Profile | |
| Ruiqing Hu | Independent Director | Profile | |
| Jiaying Xie | Independent Director | Profile |
Already Invested in Lotes Co?
The danger of trading Lotes Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Lotes is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Lotes. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lotes is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Lotes Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Lotes Stock analysis
When running Lotes' price analysis, check to measure Lotes' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Lotes is operating at the current time. Most of Lotes' value examination focuses on studying past and present price action to predict the probability of Lotes' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lotes' price. Additionally, you may evaluate how the addition of Lotes to your portfolios can decrease your overall portfolio volatility.
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