Topco Scientific Correlations

5434 Stock

TWD 300.50 4.50 1.52%

The current 90-days correlation between Topco Scientific and Gamania Digital Entertainment is 0.11 (i.e., Average diversification). The correlation of Topco Scientific 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.

Topco Scientific Correlation With Market

Significant diversification

The correlation between Topco Scientific 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 Topco Scientific Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Topco Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Topco Scientific 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 Topco Scientific - 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 Topco Scientific Co to buy it.

Moving together with Topco Stock

0.9	2317	Hon Hai Precision	Pair Corr
0.66	9904	Pou Chen Corp	Pair Corr
0.81	2882B	Cathay Financial Holding	Pair Corr
0.71	2882	Cathay Financial Holding	Pair Corr
0.74	2881A	Fubon Financial Holding	Pair Corr
0.63	2881B	Fubon Financial Holding	Pair Corr
0.81	0050	YuantaP shares Taiwan	Pair Corr
0.8	0057	Fubon MSCI Taiwan	Pair Corr
0.77	0053	YuantaP shares Taiwan	Pair Corr

Related Correlations Analysis

	2852	6180	2454	2838	2885	5876	2881	2850
2852		0.93	0.44	0.51	0.75	0.05	0.1	0.59	2852
6180	0.93		0.43	0.45	0.71	0.02	0.12	0.54	6180
2454	0.44	0.43		0.65	0.84	0.36	0.69	0.83	2454
2838	0.51	0.45	0.65		0.73	0.1	0.62	0.55	2838
2885	0.75	0.71	0.84	0.73		0.26	0.59	0.86	2885
5876	0.05	0.02	0.36	0.1	0.26		0.46	0.17	5876
2881	0.1	0.12	0.69	0.62	0.59	0.46		0.46	2881
2850	0.59	0.54	0.83	0.55	0.86	0.17	0.46		2850
	2852	6180	2454	2838	2885	5876	2881	2850

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Risk-Adjusted Indicators

There is a big difference between Topco Stock performing well and Topco Scientific 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 Topco Scientific'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
2852	0.70	0.04	(0.02)	0.21	0.82	(0.84)	1.34	(1.12)	4.87
6180	0.91	0.10	0.04	0.35	0.92	(1.16)	2.31	(1.50)	5.39
2454	1.85	0.06	0.00	0.23	2.22	(2.22)	4.05	(2.62)	11.11
2838	0.60	0.01	(0.08)	0.30	0.84	(0.69)	1.29	(1.30)	3.29
2885	0.99	0.11	0.02	0.64	1.08	(1.20)	2.52	(1.80)	4.99
5876	1.03	(0.05)	0.00	(0.15)	0.00	0.00	2.48	(1.72)	6.06
2881	1.00	(0.05)	0.00	(0.07)	0.00	0.00	1.98	(2.38)	4.99
2850	0.84	0.07	(0.02)	(2.45)	1.08	(0.97)	1.82	(1.80)	6.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in Topco Scientific 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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Topco Scientific Corporate Management

Elected by the shareholders, the Topco Scientific's board of directors comprises two types of representatives: Topco Scientific inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Topco. The board's role is to monitor Topco Scientific's management team and ensure that shareholders' interests are well served. Topco Scientific'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, Topco Scientific's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tina Ding	Chief Officer	Profile
Henry Ho	Chief Officer	Profile
Charles Lee	CEO Pres	Profile
YungJan Chang	Founder	Profile
Daniel Wu	Chief Officer	Profile
Eugene Lee	Chief Officer	Profile
Joyce Lu	Chief Officer	Profile

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