Andes Technology Correlations
| 6533 Stock | 380.00 8.00 2.15% |
The correlation of Andes 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Andes Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Andes Technology Corp 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 Andes Technology Corp and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Andes Technology Corp and NYA in the same portfolio, assuming nothing else is changed.
Andes |
The ability to find closely correlated positions to Andes 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 Andes 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 Andes 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 Andes Technology Corp to buy it.
Moving together with Andes Stock
| 0.66 | 6415 | Silergy Corp | PairCorr |
| 0.78 | 6770 | Powerchip Semiconductor | PairCorr |
| 0.79 | 3443 | Global Unichip Corp | PairCorr |
| 0.68 | 6763 | Green World Fintech | PairCorr |
Moving against Andes Stock
| 0.9 | 4768 | Ingentec | PairCorr |
| 0.78 | 5347 | Vanguard International | PairCorr |
| 0.71 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.7 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.69 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.69 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.62 | 3034 | Novatek Microelectronics | PairCorr |
| 0.5 | 2303 | United Microelectronics | PairCorr |
| 0.5 | 2379 | Realtek Semiconductor | PairCorr |
| 0.49 | 0051 | YuantaP shares Taiwan | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Andes Stock performing well and Andes 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 Andes 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 Andes 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.Did you try this?
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Andes Technology Corporate Management
Elected by the shareholders, the Andes Technology's board of directors comprises two types of representatives: Andes Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Andes. The board's role is to monitor Andes Technology's management team and ensure that shareholders' interests are well served. Andes Technology'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, Andes Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Emerson Hsiao | VP Cooperation | Profile | |
| HongMen Su | President, Cofounder | Profile | |
| HanChang Chou | Assistant Director | Profile | |
| JenChih Tseng | VP Bus | Profile | |
| MingKai Tsai | Founder | Profile | |
| Thang Tran | Principal Architect | Profile | |
| JyhMing Lin | Chairman CoFounder | Profile |
Already Invested in Andes Technology Corp?
The danger of trading Andes Technology Corp 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 Andes Technology 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 Andes Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Andes Technology Corp 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 Andes Technology Corp. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Andes Stock analysis
When running Andes Technology's price analysis, check to measure Andes Technology's 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 Andes Technology is operating at the current time. Most of Andes Technology's value examination focuses on studying past and present price action to predict the probability of Andes Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Andes Technology's price. Additionally, you may evaluate how the addition of Andes Technology to your portfolios can decrease your overall portfolio volatility.
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