Khgears International Correlations
| 4571 Stock | TWD 252.00 6.50 2.65% |
The current 90-days correlation between Khgears International and Hiwin Mikrosystem Corp is -0.08 (i.e., Good diversification). The correlation of Khgears International 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.
Khgears International Correlation With Market
Average diversification
The correlation between Khgears International Limited and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Khgears International Limited and DJI in the same portfolio, assuming nothing else is changed.
Khgears |
The ability to find closely correlated positions to Khgears International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Khgears International 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 Khgears International - 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 Khgears International Limited to buy it.
Moving together with Khgears Stock
Moving against Khgears Stock
| 0.56 | 2317 | Hon Hai Precision | PairCorr |
| 0.49 | 1303 | Nan Ya Plastics | PairCorr |
| 0.45 | 2002 | China Steel Corp | PairCorr |
| 0.34 | 8021 | Topoint Technology | PairCorr |
| 0.31 | 8349 | QST International | PairCorr |
| 0.31 | 2002A | China Steel Corp | PairCorr |
| 0.31 | 3231 | Wistron Corp | PairCorr |
| 0.43 | 2382 | Quanta Computer | PairCorr |
| 0.41 | 0051 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Khgears Stock performing well and Khgears International 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 Khgears International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4576 | 3.22 | 0.34 | 0.08 | (0.91) | 3.49 | 9.78 | 19.62 | |||
| 9945 | 0.91 | (0.24) | 0.00 | 11.51 | 0.00 | 1.47 | 4.52 | |||
| 6438 | 2.87 | 0.62 | 0.21 | 58.04 | 2.28 | 9.79 | 17.42 | |||
| 5245 | 1.42 | (0.15) | 0.00 | 1.32 | 0.00 | 2.70 | 14.50 | |||
| 3034 | 1.00 | (0.06) | 0.00 | 0.72 | 0.00 | 1.97 | 5.48 | |||
| 3058 | 1.52 | (0.33) | 0.00 | 1.09 | 0.00 | 2.92 | 10.95 | |||
| 3152 | 1.96 | 0.08 | 0.02 | (0.13) | 1.87 | 4.35 | 13.23 | |||
| 9933 | 0.62 | (0.31) | 0.00 | 0.78 | 0.00 | 1.22 | 3.64 | |||
| 6118 | 2.05 | 0.27 | 0.11 | 1.27 | 1.88 | 5.38 | 14.22 | |||
| 6697 | 1.31 | 0.06 | 0.02 | 0.26 | 1.73 | 3.46 | 15.29 |
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Khgears International Corporate Management
Elected by the shareholders, the Khgears International's board of directors comprises two types of representatives: Khgears International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Khgears. The board's role is to monitor Khgears International's management team and ensure that shareholders' interests are well served. Khgears International'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, Khgears International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Congnan Zhou | Independent Director | Profile | |
| ChaoWen Chung | CEO Director | Profile | |
| Jinrong Wu | Vice Chairman of the Board, Chief Strategy Officer | Profile | |
| ChinJung Wu | Vice Officer | Profile | |
| Chunhui Du | General Manager, Director | Profile | |
| Shenglong Huang | Independent Director | Profile | |
| An Chen | Chief Mang | Profile |