Planet Technology Correlations
| 6263 Stock | TWD 157.00 1.50 0.96% |
The current 90-days correlation between Planet Technology and Chien Kuo Construction is 0.04 (i.e., Significant diversification). The correlation of Planet 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.
Planet Technology Correlation With Market
Average diversification
The correlation between Planet Technology and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Planet Technology and DJI in the same portfolio, assuming nothing else is changed.
Planet |
The ability to find closely correlated positions to Planet 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 Planet 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 Planet 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 Planet Technology to buy it.
Moving together with Planet Stock
| 0.62 | 3380 | Alpha Networks | PairCorr |
| 0.62 | 3704 | Unizyx Holding Corp | PairCorr |
| 0.73 | 4906 | Gemtek Technology Earnings Call This Week | PairCorr |
| 0.65 | 5215 | Ko Ja Cayman | PairCorr |
| 0.75 | 6674 | Compal Broadband Networks | PairCorr |
| 0.76 | 3556 | eGalaxeMPIA Technology | PairCorr |
| 0.76 | 3257 | Champion Microelectronic | PairCorr |
| 0.66 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Planet Stock
| 0.65 | 2345 | Accton Technology Corp Earnings Call This Week | PairCorr |
| 0.38 | 4702 | Allied Industrial | PairCorr |
| 0.38 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.37 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.36 | 6285 | Wistron NeWeb Corp | PairCorr |
| 0.35 | 2498 | HTC Corp Earnings Call Tomorrow | PairCorr |
| 0.32 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
| 0.28 | 0.13 | -0.37 | 0.48 | 0.2 | 5515 | ||
| 0.28 | 0.57 | -0.05 | 0.26 | -0.43 | 2758 | ||
| 0.13 | 0.57 | 0.33 | -0.17 | -0.11 | 2530 | ||
| -0.37 | -0.05 | 0.33 | -0.17 | 0.04 | 3669 | ||
| 0.48 | 0.26 | -0.17 | -0.17 | 0.2 | 4772 | ||
| 0.2 | -0.43 | -0.11 | 0.04 | 0.2 | 6952 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Planet Stock performing well and Planet 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 Planet 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5515 | 0.99 | 0.04 | 0.07 | 0.27 | 1.12 | 1.80 | 7.34 | |||
| 2758 | 1.10 | 0.01 | 0.04 | 0.00 | 1.43 | 2.63 | 7.69 | |||
| 2530 | 1.09 | 0.08 | 0.10 | (0.35) | 1.27 | 2.38 | 9.74 | |||
| 3669 | 1.12 | 0.03 | 0.06 | (5.51) | 1.33 | 2.13 | 6.61 | |||
| 4772 | 2.54 | 0.70 | 0.23 | 0.79 | 2.48 | 6.47 | 19.90 | |||
| 6952 | 1.05 | 0.19 | 0.25 | (0.41) | 0.76 | 2.69 | 11.14 |
Be your own money manager
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Planet Technology Corporate Management
Elected by the shareholders, the Planet Technology's board of directors comprises two types of representatives: Planet Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Planet. The board's role is to monitor Planet Technology's management team and ensure that shareholders' interests are well served. Planet 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, Planet Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ManTsu Lin | Accounting CFO | Profile | |
| HsuehJu Wu | Chief Officer | Profile | |
| ChingKang Chen | Chairman CEO | Profile | |
| HwaLin Hsu | VP Director | Profile | |
| YiShen Shih | Chief Officer | Profile |