Planet Technology Correlations

6263 Stock  TWD 156.00  0.50  0.32%   
The current 90-days correlation between Planet Technology and Holiday Entertainment Co is 0.16 (i.e., Average 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

Significant diversification

The correlation between Planet Technology and DJI is 0.06 (i.e., Significant 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.
  
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

  0.783558 Senao NetworksPairCorr
  0.690051 YuantaP shares TaiwanPairCorr

Moving against Planet Stock

  0.562345 Accton Technology CorpPairCorr
  0.474768 IngentecPairCorr
  0.350050 YuantaP shares TaiwanPairCorr
  0.340053 YuantaP shares TaiwanPairCorr
  0.322498 HTC CorpPairCorr

Related Correlations Analysis

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   
12312454
12642454
12681264
12682454
12311264
99431227
  
High negative correlations   
30859943
24541227
30851264
30851268
12311227
12641227

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Planet Technology 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 AI Portfolio Architect Now

   

AI Portfolio Architect

Use AI to generate optimal portfolios and find profitable investment opportunities
All  Next Launch Module

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 LinAccounting CFOProfile
HsuehJu WuChief OfficerProfile
ChingKang ChenChairman CEOProfile
HwaLin HsuVP DirectorProfile
YiShen ShihChief OfficerProfile