Taisol Electronics Correlations

3338 Stock  TWD 58.30  1.10  1.85%   
The current 90-days correlation between Taisol Electronics and Jentech Precision Industrial is 0.47 (i.e., Very weak diversification). The correlation of Taisol Electronics 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.

Taisol Electronics Correlation With Market

Significant diversification

The correlation between Taisol Electronics Co and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taisol Electronics Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Taisol Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taisol Electronics 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 Taisol Electronics - 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 Taisol Electronics Co to buy it.

Moving together with Taisol Stock

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Moving against Taisol Stock

  0.853008 LARGAN PrecisionPairCorr
  0.622330 Taiwan SemiconductorPairCorr
  0.613711 ASE Industrial HoldingPairCorr
  0.580050 YuantaP shares TaiwanPairCorr
  0.540053 YuantaP shares TaiwanPairCorr
  0.530057 Fubon MSCI TaiwanPairCorr
  0.432412 Chunghwa TelecomPairCorr
  0.382308 Delta ElectronicsPairCorr
  0.372327 Yageo CorpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Taisol Stock performing well and Taisol Electronics 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 Taisol Electronics' 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 Taisol Electronics 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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