Da Li Correlations
| 6177 Stock | TWD 43.55 0.20 0.46% |
The current 90-days correlation between Da Li Development and Kindom Construction Corp is -0.05 (i.e., Good diversification). The correlation of Da Li 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.
Da Li Correlation With Market
Modest diversification
The correlation between Da Li Development Co and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Da Li Development Co and DJI in the same portfolio, assuming nothing else is changed.
6177 |
The ability to find closely correlated positions to Da Li could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Da Li 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 Da Li - 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 Da Li Development Co to buy it.
Moving together with 6177 Stock
Moving against 6177 Stock
| 0.74 | 2354 | Foxconn Technology | PairCorr |
| 0.7 | 3041 | ALi Corp Split | PairCorr |
| 0.66 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.64 | 2357 | Asustek Computer | PairCorr |
| 0.61 | 6669 | Wiwynn Corp | PairCorr |
| 0.6 | 2891 | CTBC Financial Holding | PairCorr |
| 0.6 | 2891B | CTBC Financial Holding | PairCorr |
| 0.59 | 2881B | Fubon Financial Holding | PairCorr |
| 0.52 | 2883 | China Development | PairCorr |
| 0.51 | 5269 | Asmedia Technology | PairCorr |
| 0.51 | 2345 | Accton Technology Corp | PairCorr |
| 0.47 | 2618 | Eva Airways Corp | PairCorr |
| 0.46 | 2379 | Realtek Semiconductor | PairCorr |
| 0.43 | 6223 | MPI Corporation | PairCorr |
| 0.42 | 2882 | Cathay Financial Holding | PairCorr |
| 0.42 | 5530 | Lungyen Life Service | PairCorr |
| 0.78 | 1464 | De Licacy Industrial | PairCorr |
| 0.77 | 8240 | Wah Hong Industrial | PairCorr |
| 0.76 | 2883B | CHINA DEVELOPMENT | PairCorr |
| 0.72 | 2356 | Inventec Corp | PairCorr |
| 0.71 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.7 | 3231 | Wistron Corp | PairCorr |
| 0.68 | 2850 | Shinkong Insurance | PairCorr |
| 0.64 | 3653 | Jentech Precision | PairCorr |
| 0.64 | 2382 | Quanta Computer | PairCorr |
| 0.64 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.62 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.61 | 2454 | MediaTek | PairCorr |
| 0.59 | 3036A | WT Microelectronics | PairCorr |
| 0.59 | 5315 | United Radiant Technology | PairCorr |
| 0.57 | 1231 | Lian Hwa Foods | PairCorr |
| 0.51 | 3545 | FocalTech Systems | PairCorr |
Related Correlations Analysis
| 0.34 | -0.19 | 0.72 | -0.15 | 2520 | ||
| 0.34 | 0.44 | 0.54 | -0.3 | 2501 | ||
| -0.19 | 0.44 | 0.0 | 0.22 | 2515 | ||
| 0.72 | 0.54 | 0.0 | -0.23 | 2539 | ||
| -0.15 | -0.3 | 0.22 | -0.23 | 5522 | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between 6177 Stock performing well and Da Li 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 Da Li'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2520 | 1.46 | 0.08 | 0.03 | 0.29 | 1.93 | 3.01 | 10.47 | |||
| 2501 | 1.25 | (0.11) | 0.00 | (0.10) | 0.00 | 2.20 | 9.87 | |||
| 2515 | 1.10 | (0.16) | 0.00 | (0.71) | 0.00 | 2.29 | 7.47 | |||
| 2539 | 1.35 | (0.08) | 0.00 | (0.11) | 0.00 | 3.21 | 14.58 | |||
| 5522 | 1.78 | 0.20 | 0.07 | (10.24) | 2.00 | 4.11 | 14.62 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Da Li 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 Portfolio Suggestion Now
Portfolio SuggestionGet suggestions outside of your existing asset allocation including your own model portfolios |
| All Next | Launch Module |
Da Li Corporate Management
Elected by the shareholders, the Da Li's board of directors comprises two types of representatives: Da Li inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 6177. The board's role is to monitor Da Li's management team and ensure that shareholders' interests are well served. Da Li'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, Da Li's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pei Pan | Ma Department | Profile | |
| Ching Liu | VP Department | Profile | |
| Cheng Liao | Assistant Department | Profile | |
| Ching Liang | Ex VP | Profile | |
| ChihChang Hsieh | GM Chairman | Profile | |
| Hui Tung | Sr Department | Profile | |
| Chen Hsieh | Ma Department | Profile |