Drewloong Precision Correlations
| 4572 Stock | TWD 151.00 3.00 1.95% |
The current 90-days correlation between Drewloong Precision and Zeng Hsing Industrial is -0.05 (i.e., Good diversification). The correlation of Drewloong 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.
Drewloong Precision Correlation With Market
Average diversification
The correlation between Drewloong Precision and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Drewloong Precision and DJI in the same portfolio, assuming nothing else is changed.
Drewloong |
The ability to find closely correlated positions to Drewloong 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 Drewloong 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 Drewloong 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 Drewloong Precision to buy it.
Moving together with Drewloong Stock
Moving against Drewloong Stock
| 0.76 | 6438 | Symtek Automation Asia | PairCorr |
| 0.7 | 6613 | Nova Technology | PairCorr |
| 0.67 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.61 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.57 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.49 | 4506 | Golden Friends | PairCorr |
| 0.49 | 2421 | Sunonwealth Electric | PairCorr |
| 0.49 | 4532 | Rechi Precision | PairCorr |
Related Correlations Analysis
| 0.55 | 0.87 | -0.23 | -0.69 | 1558 | ||
| 0.55 | 0.75 | -0.21 | -0.27 | 1519 | ||
| 0.87 | 0.75 | -0.12 | -0.54 | 1514 | ||
| -0.23 | -0.21 | -0.12 | -0.12 | 1535 | ||
| -0.69 | -0.27 | -0.54 | -0.12 | 4119 | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Drewloong Stock performing well and Drewloong 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 Drewloong 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1558 | 0.87 | (0.18) | 0.00 | (2.41) | 0.00 | 1.93 | 5.29 | |||
| 1519 | 2.43 | (0.09) | 0.00 | (0.03) | 0.00 | 5.31 | 16.29 | |||
| 1514 | 1.76 | (0.21) | 0.00 | (0.28) | 0.00 | 4.57 | 12.03 | |||
| 1535 | 0.77 | 0.08 | 0.00 | 2.44 | 0.83 | 1.82 | 3.94 | |||
| 4119 | 0.65 | 0.06 | (0.03) | (0.84) | 0.93 | 1.77 | 6.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Drewloong 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.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Drewloong Precision Corporate Management
Elected by the shareholders, the Drewloong Precision's board of directors comprises two types of representatives: Drewloong Precision inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Drewloong. The board's role is to monitor Drewloong Precision's management team and ensure that shareholders' interests are well served. Drewloong 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, Drewloong Precision's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rongjun Gao | Independent Director | Profile | |
| Mike Lan | Chief Engineer-R&D Division, Director | Profile | |
| Yujia Lan | Chief Engineer-R&D Division, Director | Profile | |
| Shuxian Hu | Independent Director | Profile | |
| Xuanyi Chen | Deputy General Manager, Director | Profile | |
| Yijing Lin | Independent Director | Profile | |
| Wenyu Li | Finance Manager | Profile |