Lotes Correlations

Stocks . Taiwan . 
Stock . Lotes Co
3533 Stock  TWD 1,555  25.00  1.58%   
The current 90-days correlation between Lotes and Unimicron Technology Corp is 0.06 (i.e., Significant diversification). The correlation of Lotes 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.

Lotes Correlation With Market

Significant diversification

The correlation between Lotes Co and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotes Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lotes could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lotes 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 Lotes - 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 Lotes Co to buy it.

Moving together with Lotes Stock

  0.616588 East Tender OptoPairCorr

Moving against Lotes Stock

  0.822758 Louisa ProfessionalPairCorr
  0.773679 Nishoku TechnologyPairCorr
  0.75903 Taiwan FamilyMartPairCorr
  0.79930 CHC Resources CorpPairCorr
  0.631477 Makalot IndustrialPairCorr
  0.524951 Feature IntegrationPairCorr
  0.511815 Fulltech Fiber GlassPairCorr
  0.476203 Sea Sonic ElectronicsPairCorr
  0.476156 Song Shang ElectronicsPairCorr
  0.453056 ZongTai Real EstatePairCorr
  0.444142 Adimmune CorpPairCorr
  0.412007 Yieh Hsing EnterprisePairCorr
  0.379941 Yulon Finance CorpPairCorr
  0.356148 AzionPairCorr
  0.87910322 Tingyi Holding Corp Earnings Call This WeekPairCorr
  0.844111 Chi Sheng ChemicalPairCorr
  0.89927 Thye Ming IndustrialPairCorr
  0.693264 ArdentecPairCorr
  0.656005 Capital Securities CorpPairCorr
  0.61338 Hiroca HoldingsPairCorr
  0.66285 Wistron NeWeb CorpPairCorr
  0.571530 Awea MechantronicPairCorr
  0.565608 Shih Wei NavigationPairCorr
  0.542617 Taiwan NavigationPairCorr
  0.519933 CTCI CorpPairCorr

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   
3653
+ 0.88
3037
3443
+ 0.77
3661
8046
+ 0.34
3661
3653
+ 0.21
3443
3443
+ 0.09
3037
3443
+ 0.09
8046
  
High negative correlations   
3653
- 0.52
8046
8046
- 0.46
3037
3661
- 0.15
3037
3653
- 0.12
3661

Risk-Adjusted Indicators

There is a big difference between Lotes Stock performing well and Lotes 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 Lotes' 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 Lotes 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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Lotes Corporate Management

Elected by the shareholders, the Lotes' board of directors comprises two types of representatives: Lotes inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lotes. The board's role is to monitor Lotes' management team and ensure that shareholders' interests are well served. Lotes' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lotes' outside directors are responsible for providing unbiased perspectives on the board's policies.
Shi LiangF HeadProfile
HsingHsia LiuF MangProfile
MingJui TsaiVP SalesProfile
TeYu HoPres DirectorProfile
TeHsiang ChuChairperson DirectorProfile
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