Advanced Lithium Correlations

Stocks Taiwan . 
Stock . Advanced Lithium Electrochemistry
5227 Stock  TWD 39.05  0.30  0.76%   
The current 90-days correlation between Advanced Lithium Ele and Hiwin Mikrosystem Corp is -0.02 (i.e., Good diversification). The correlation of Advanced Lithium 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.

Advanced Lithium Correlation With Market

Average diversification

The correlation between Advanced Lithium Electrochemis 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 Advanced Lithium Electrochemis and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Advanced Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Lithium 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 Advanced Lithium - 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 Advanced Lithium Electrochemistry to buy it.

Moving together with Advanced Stock

  0.836781 Advanced Energy SolutionPairCorr
  0.626121 Simplo TechnologyPairCorr
  0.853211 Dynapack InternationalPairCorr
  0.863036A WT MicroelectronicsPairCorr
  0.738284 Mitake InformationPairCorr
  0.745315 United Radiant TechnologyPairCorr
  0.792883B CHINA DEVELOPMENTPairCorr
  0.752356 Inventec CorpPairCorr
  0.772618 Eva Airways CorpPairCorr
  0.682354 Foxconn TechnologyPairCorr
  0.613041 ALi Corp SplitPairCorr
  0.618240 Wah Hong IndustrialPairCorr
  0.695530 Lungyen Life ServicePairCorr

Moving against Advanced Stock

  0.825871 Chailease HoldingPairCorr
  0.81605 Walsin Lihwa CorpPairCorr
  0.796505 Formosa PetrochemicalPairCorr
  0.782489 Amtran TechnologyPairCorr
  0.766409 Voltronic Power TechPairCorr
  0.671609 Ta Ya ElectricPairCorr
  0.651514 Allis ElectricPairCorr
  0.571590 Airtac InternationalPairCorr
  0.542887F Taishin Financial HoldingPairCorr
  0.528109 P Duke TechnologyPairCorr
  0.750051 YuantaP shares TaiwanPairCorr

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   
1514
+ 0.96
1609
1609
+ 0.9
1605
1514
+ 0.88
1605
2489
+ 0.86
6409
2489
+ 0.85
1605
6121
+ 0.84
6781
  
High negative correlations   
2489
- 0.9
6781
6781
- 0.9
1605
6781
- 0.87
6409
1514
- 0.76
6781
1609
- 0.74
6781
2489
- 0.67
6121

Risk-Adjusted Indicators

There is a big difference between Advanced Stock performing well and Advanced Lithium 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 Advanced Lithium'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Advanced Lithium 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?

Run Crypto Correlations Now

   

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
All  Next Launch Module

Advanced Lithium Corporate Management

Elected by the shareholders, the Advanced Lithium's board of directors comprises two types of representatives: Advanced Lithium inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Advanced. The board's role is to monitor Advanced Lithium's management team and ensure that shareholders' interests are well served. Advanced Lithium'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, Advanced Lithium's outside directors are responsible for providing unbiased perspectives on the board's policies.
HsiaoChi LiChief AuditorProfile
Xun LiAssociate RDProfile
HsiangChuan TsengChief DepartmentProfile
IChing LeeCompany SecProfile
Xi ZhengChief OfficeProfile
RueiYang ChuInvestment ChiefProfile
ShengShih ChangGM CEOProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY