Genesis Technology Correlations

6221 Stock  TWD 82.80  0.70  0.85%   
The current 90-days correlation between Genesis Technology and Chernan Metal Industrial is 0.17 (i.e., Average diversification). The correlation of Genesis Technology 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.

Genesis Technology Correlation With Market

Significant diversification

The correlation between Genesis Technology and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genesis Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Genesis Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genesis Technology 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 Genesis Technology - 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 Genesis Technology to buy it.

Moving together with Genesis Stock

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  0.872453 Syscom Computer EngiPairCorr
  0.798099 Tatung System TechnoPairCorr
  0.862471 Ares International CorpPairCorr
  0.846428 Taiwan TaomeePairCorr
  0.836531 AP Memory TechnologyPairCorr
  0.934968 RichWave Technology CorpPairCorr
  0.826533 Andes Technology CorpPairCorr
  0.876488 GlobalWafersPairCorr
  0.650057 Fubon MSCI TaiwanPairCorr
  0.70053 YuantaP shares TaiwanPairCorr
  0.710051 YuantaP shares TaiwanPairCorr
  0.650050 YuantaP shares TaiwanPairCorr

Moving against Genesis Stock

  0.736763 Green World Fintech SplitPairCorr
  0.732070 Ching Chan OpticalPairCorr
  0.716223 MPI CorporationPairCorr
  0.513147 Jetwell ComputerPairCorr

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   
17353631
47111735
15325907
1312A1532
1312A2061
47113631
  
High negative correlations   
15323631
17351532
20611735
47111532
20614711
1312A3631

Risk-Adjusted Indicators

There is a big difference between Genesis Stock performing well and Genesis Technology 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 Genesis Technology'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 Genesis Technology 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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