Motech Industries Correlations
| 6244 Stock | TWD 23.95 0.75 3.04% |
The current 90-days correlation between Motech Industries and Wafer Works is 0.38 (i.e., Weak diversification). The correlation of Motech Industries 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.
Motech Industries Correlation With Market
Good diversification
The correlation between Motech Industries Co and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Motech Industries Co and DJI in the same portfolio, assuming nothing else is changed.
Motech |
The ability to find closely correlated positions to Motech Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Motech Industries 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 Motech Industries - 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 Motech Industries Co to buy it.
Moving together with Motech Stock
| 0.89 | 3576 | United Renewable Energy | PairCorr |
| 0.88 | 6443 | TSEC Corp | PairCorr |
| 0.73 | 3691 | Gigasolar Materials | PairCorr |
| 0.7 | 4934 | Tainergy Tech | PairCorr |
| 0.65 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Motech Stock
| 0.49 | 2881A | Fubon Financial Holding | PairCorr |
| 0.42 | 2882B | Cathay Financial Holding | PairCorr |
| 0.42 | 2891B | CTBC Financial Holding | PairCorr |
| 0.34 | 2891 | CTBC Financial Holding | PairCorr |
Related Correlations Analysis
| 0.61 | 0.53 | 0.86 | 0.67 | 3576 | ||
| 0.61 | 0.71 | 0.77 | 0.36 | 5483 | ||
| 0.53 | 0.71 | 0.59 | 0.39 | 6182 | ||
| 0.86 | 0.77 | 0.59 | 0.78 | 3691 | ||
| 0.67 | 0.36 | 0.39 | 0.78 | 2409 | ||
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Risk-Adjusted Indicators
There is a big difference between Motech Stock performing well and Motech Industries 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 Motech Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3576 | 1.52 | (0.09) | 0.00 | 0.33 | 0.00 | 3.00 | 9.32 | |||
| 5483 | 1.11 | (0.27) | 0.00 | 1.48 | 0.00 | 2.22 | 7.35 | |||
| 6182 | 1.15 | (0.23) | 0.00 | (0.20) | 0.00 | 2.42 | 9.74 | |||
| 3691 | 1.59 | (0.32) | 0.00 | (0.95) | 0.00 | 2.72 | 9.70 | |||
| 2409 | 1.20 | (0.03) | (0.07) | 0.04 | 1.27 | 2.57 | 8.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Motech Industries 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?
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Motech Industries Corporate Management
Elected by the shareholders, the Motech Industries' board of directors comprises two types of representatives: Motech Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Motech. The board's role is to monitor Motech Industries' management team and ensure that shareholders' interests are well served. Motech Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Motech Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChengHsien Yeh | President | Profile | |
| TingChao Wang | VP CFO | Profile | |
| ChienTung Chen | Chief Officer | Profile | |
| Alan Wu | Sr Department | Profile |