AAEON Technology Correlations
| 6579 Stock | 148.00 1.00 0.67% |
The current 90-days correlation between AAEON Technology and ADLINK Technology is -0.06 (i.e., Good diversification). The correlation of AAEON 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.
AAEON Technology Correlation With Market
Significant diversification
The correlation between AAEON Technology 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 AAEON Technology and DJI in the same portfolio, assuming nothing else is changed.
AAEON |
The ability to find closely correlated positions to AAEON 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 AAEON 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 AAEON 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 AAEON Technology to buy it.
Moving together with AAEON Stock
| 0.89 | 5289 | InnoDisk | PairCorr |
| 0.87 | 3022 | IEI Integration Corp | PairCorr |
| 0.85 | 2882A | Cathay Financial Holding | PairCorr |
| 0.85 | 2881A | Fubon Financial Holding | PairCorr |
| 0.75 | 2881B | Fubon Financial Holding | PairCorr |
| 0.63 | 2891 | CTBC Financial Holding | PairCorr |
Moving against AAEON Stock
| 0.78 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.66 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.65 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.62 | 6669 | Wiwynn Corp | PairCorr |
| 0.62 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between AAEON Stock performing well and AAEON 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 AAEON 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 6166 | 2.22 | 0.29 | 0.14 | 0.81 | 2.22 | 5.55 | 11.37 | |||
| 6414 | 1.44 | 0.11 | 0.08 | 0.25 | 1.77 | 3.87 | 10.90 | |||
| 2395 | 1.38 | 0.24 | 0.17 | 0.32 | 1.34 | 4.87 | 13.42 | |||
| 6206 | 2.47 | 0.85 | 0.42 | (4.05) | 1.43 | 9.78 | 16.34 | |||
| 3515 | 1.87 | (0.19) | 0.00 | (0.69) | 0.00 | 3.40 | 17.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in AAEON 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?
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AAEON Technology Corporate Management
Elected by the shareholders, the AAEON Technology's board of directors comprises two types of representatives: AAEON Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AAEON. The board's role is to monitor AAEON Technology's management team and ensure that shareholders' interests are well served. AAEON 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, AAEON Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| JenChun Wang | Accounting Officer | Profile | |
| ChienHung Lin | Pres Mang | Profile | |
| WanHui Chiu | Project Auditor | Profile | |
| YingChen Li | Representative CSO | Profile | |
| MingHan Hsieh | Pres Officer | Profile |