Lingsen Precision Correlations

2369 Stock

TWD 17.80 0.05 0.28%

The current 90-days correlation between Lingsen Precision and San Fu Chemical is 0.19 (i.e., Average diversification). The correlation of Lingsen Precision 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.

Lingsen Precision Correlation With Market

Good diversification

The correlation between Lingsen Precision Industries and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lingsen Precision Industries and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lingsen Precision could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lingsen Precision 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 Lingsen Precision - 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 Lingsen Precision Industries to buy it.

Moving together with Lingsen Stock

0.61

0051

YuantaP shares Taiwan

Pair Corr

Moving against Lingsen Stock

0.31

3008

LARGAN Precision

Pair Corr

Related Correlations Analysis

	2412	6757	4755	4763	4973	4764	1720	4303
2412		-0.06	0.66	0.39	0.53	-0.24	0.33	-0.15	2412
6757	-0.06		0.06	0.35	0.39	-0.53	-0.23	0.46	6757
4755	0.66	0.06		0.71	0.55	-0.03	0.39	0.19	4755
4763	0.39	0.35	0.71		0.55	0.0	0.36	0.51	4763
4973	0.53	0.39	0.55	0.55		-0.32	0.29	0.39	4973
4764	-0.24	-0.53	-0.03	0.0	-0.32		0.29	0.1	4764
1720	0.33	-0.23	0.39	0.36	0.29	0.29		0.12	1720
4303	-0.15	0.46	0.19	0.51	0.39	0.1	0.12		4303
	2412	6757	4755	4763	4973	4764	1720	4303

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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

4763	+ 0.71	4755
4755	+ 0.66	2412
4973	+ 0.55	4755
4973	+ 0.55	4763
4973	+ 0.53	2412
4303	+ 0.51	4763

High negative correlations

4764	- 0.53	6757
4764	- 0.32	4973
4764	- 0.24	2412
1720	- 0.23	6757
4303	- 0.15	2412
6757	- 0.06	2412

Risk-Adjusted Indicators

There is a big difference between Lingsen Stock performing well and Lingsen Precision 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 Lingsen Precision'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
2412	0.36	(0.02)	0.00	(0.26)	0.00	0.00	0.82	(0.81)	2.43
6757	2.28	0.36	0.08	(0.34)	2.06	(3.08)	4.99	(4.00)	13.98
4755	1.78	0.13	0.02	0.79	1.83	(2.26)	4.55	(3.01)	13.12
4763	1.38	0.21	0.10	0.51	1.29	(1.69)	4.24	(2.79)	8.33
4973	1.23	(0.07)	(0.06)	0.02	1.35	(1.47)	2.73	(2.22)	8.79
4764	1.01	0.03	(0.06)	4.02	1.18	(1.19)	2.27	(2.06)	8.34
1720	0.59	0.00	(0.14)	0.07	0.59	(1.02)	1.60	(1.07)	6.32
4303	2.23	0.21	0.02	(0.39)	2.66	(2.80)	5.64	(3.82)	18.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lingsen Precision 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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Lingsen Precision Corporate Management

Elected by the shareholders, the Lingsen Precision's board of directors comprises two types of representatives: Lingsen Precision inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lingsen. The board's role is to monitor Lingsen Precision's management team and ensure that shareholders' interests are well served. Lingsen Precision'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, Lingsen Precision's outside directors are responsible for providing unbiased perspectives on the board's policies.

ChihWei Yang	Head Audit	Profile
TseSung Tsai	GM Pres	Profile
MingTe Tu	VP Director	Profile
ShuChyuan Yeh	Chairman VP	Profile

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