Etron Technology Correlations

Stocks . Taiwan . 
Stock . Etron Technology
5351 Stock  TWD 36.75  1.35  3.81%   
The current 90-days correlation between Etron Technology and Sunplus Technology Co is 0.45 (i.e., Very weak diversification). The correlation of Etron Technology 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.
  
The ability to find closely correlated positions to Etron Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Etron Technology 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 Etron Technology - 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 Etron Technology to buy it.

Moving together with Etron Stock

  0.846239 Powertech TechnologyPairCorr
  0.783532 Formosa Sumco TechnologyPairCorr
  0.823035 Faraday Technology CorpPairCorr
  0.83264 ArdentecPairCorr
  0.612884 ESUN Financial HoldingPairCorr

Moving against Etron Stock

  0.792881A Fubon Financial HoldingPairCorr
  0.782891 CTBC Financial HoldingPairCorr
  0.742885 Yuanta Financial HoldingsPairCorr
  0.745315 United Radiant TechnologyPairCorr
  0.632882B Cathay Financial HoldingPairCorr
  0.636669 Wiwynn CorpPairCorr
  0.572379 Realtek SemiconductorPairCorr
  0.542880 Hua Nan FinancialPairCorr
  0.543041 ALi Corp SplitPairCorr
  0.532354 Foxconn TechnologyPairCorr
  0.492892 First Financial HoldingPairCorr
  0.445269 Asmedia TechnologyPairCorr
  0.422886 Mega Financial HoldingPairCorr
  0.428240 Wah Hong IndustrialPairCorr
  0.372458 Elan MicroelectronicsPairCorr
  0.913036A WT MicroelectronicsPairCorr
  0.858284 Mitake InformationPairCorr
  0.842618 Eva Airways CorpPairCorr
  0.822603 Evergreen Marine CorpPairCorr
  0.825530 Lungyen Life ServicePairCorr
  0.81910861 Digital China HoldingsPairCorr
  0.782345 Accton Technology CorpPairCorr
  0.712883B CHINA DEVELOPMENTPairCorr
  0.691231 Lian Hwa FoodsPairCorr
  0.642356 Inventec CorpPairCorr
  0.622883 China DevelopmentPairCorr

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   
2388
+ 0.9
2344
2388
+ 0.86
2401
2344
+ 0.79
2401
2363
+ 0.44
2388
2363
+ 0.42
2344
2363
+ 0.36
2401
  
High negative correlations   
2344
- 0.77
2379
2388
- 0.63
2379
2379
- 0.44
2401
2363
- 0.3
2379

Risk-Adjusted Indicators

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

Elected by the shareholders, the Etron Technology's board of directors comprises two types of representatives: Etron Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Etron. The board's role is to monitor Etron Technology's management team and ensure that shareholders' interests are well served. Etron Technology'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, Etron Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
JuiLing HsiehChief OfficerProfile
YuChia ChengChief OfficerProfile
Nicky LuChairman CEOProfile
Maosong DengGeneral ManagerProfile
David LeuVPProfile
Yu ZhengTreasurerProfile
BorDoou RongVP DirectorProfile
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