Topower Related Correlations

3226 Stock  TWD 57.84  3.30  9.79%   
Generate correlation matrix for Topower and other related equities to check the degree to which Topower Co price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Topower Co. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios. 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.
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Please note, there is a significant difference between Topower's value and its price as these two are different measures arrived at by different means. Investors typically determine if Topower is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Topower's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

8182
6288
5425
2393
6266
3317
8182
0.85-0.310.560.69-0.22
8182
6288
0.85-0.460.710.81-0.34
6288
5425
-0.31-0.46-0.7-0.70.92
5425
2393
0.560.71-0.70.79-0.7
2393
6266
0.690.81-0.70.79-0.63
6266
3317
-0.22-0.340.92-0.7-0.63
3317
8182
6288
5425
2393
6266
3317
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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   
33175425
62888182
62666288
62662393
23936288
62668182
  
High negative correlations   
33172393
62665425
23935425
33176266
54256288
33176288

Risk-Adjusted Indicators

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