Taiwan Chinsan Related Correlations

8042 Stock

TWD 35.65 0.95 2.74%

Generate correlation matrix for Taiwan Chinsan and other related equities to check the degree to which Taiwan Chinsan Electronic 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 Taiwan Chinsan Electronic. To filter out specific equities, please toggle its corresponding legend item. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Taiwan Chinsan Electronic. 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 Taiwan Chinsan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Taiwan Chinsan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Taiwan Chinsan'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

	2317	2308	2327	4938	2409
2317		0.81	0.91	0.95	-0.08	2317
2308	0.81		0.74	0.86	0.05	2308
2327	0.91	0.74		0.82	0.03	2327
4938	0.95	0.86	0.82		-0.06	4938
2409	-0.08	0.05	0.03	-0.06		2409
	2317	2308	2327	4938	2409

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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

4938	+ 0.95	2317
2327	+ 0.91	2317
4938	+ 0.86	2308
4938	+ 0.82	2327
2308	+ 0.81	2317
2327	+ 0.74	2308

High negative correlations

2409	- 0.08	2317
2409	- 0.06	4938

Risk-Adjusted Indicators

There is a big difference between Taiwan Stock performing well and Taiwan Chinsan 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 Taiwan Chinsan'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
2317	1.64	0.51	0.24	(11.57)	1.11	(2.30)	4.71	(2.91)	12.52
2308	1.68	0.01	0.00	0.04	0.00	0.00	4.58	(3.40)	11.83
2327	1.10	0.07	(0.01)	(8.22)	1.25	(1.18)	2.24	(1.99)	7.71
4938	1.30	0.20	0.07	(2.29)	1.45	(1.46)	3.11	(2.99)	13.54
2409	1.28	(0.21)	0.00	(0.86)	0.00	0.00	2.56	(2.72)	7.89

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Taiwan Chinsan Related Correlations

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Correlations

Correlation Matchups

Risk-Adjusted Indicators

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