Marketech International Correlations

6196 Stock  TWD 166.50  3.50  2.15%   
The current 90-days correlation between Marketech International and United Integrated Services is 0.41 (i.e., Very weak diversification). The correlation of Marketech International 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.

Marketech International Correlation With Market

Significant diversification

The correlation between Marketech International Corp and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marketech International Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Marketech International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marketech International 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 Marketech International - 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 Marketech International Corp to buy it.

Moving together with Marketech Stock

  0.883556 eGalaxeMPIA TechnologyPairCorr

Moving against Marketech Stock

  0.752345 Accton Technology CorpPairCorr
  0.750057 Fubon MSCI TaiwanPairCorr
  0.730050 YuantaP shares TaiwanPairCorr
  0.710053 YuantaP shares TaiwanPairCorr
  0.484702 Allied IndustrialPairCorr
  0.314108 Phytohealth CorpPairCorr

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   
54343413
80463413
80465434
80163413
80165434
54342404
  
High negative correlations   
80162404
34132404
80462404

Risk-Adjusted Indicators

There is a big difference between Marketech Stock performing well and Marketech International 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 Marketech International'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 Marketech International 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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Marketech International Corporate Management

Elected by the shareholders, the Marketech International's board of directors comprises two types of representatives: Marketech International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Marketech. The board's role is to monitor Marketech International's management team and ensure that shareholders' interests are well served. Marketech International'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, Marketech International's outside directors are responsible for providing unbiased perspectives on the board's policies.
LienHuang TsengDeputy General Manager-Business DivisionProfile
ChienMing WeiDeputy General Manager-Business GroupProfile
ChungPao WuIndependent DirectorProfile
FuChuan ChuDirectorProfile
Youmei WuDirectorProfile
ZhongWen HuangEnterprise PresProfile