Handa Pharmaceuticals Correlations
| 6620 Stock | TWD 87.20 1.60 1.87% |
The current 90-days correlation between Handa Pharmaceuticals and ANJI Technology Co is 0.04 (i.e., Significant diversification). The correlation of Handa Pharmaceuticals 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.
Handa Pharmaceuticals Correlation With Market
Very good diversification
The correlation between Handa Pharmaceuticals and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Handa Pharmaceuticals and DJI in the same portfolio, assuming nothing else is changed.
Handa |
The ability to find closely correlated positions to Handa Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Handa Pharmaceuticals 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 Handa Pharmaceuticals - 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 Handa Pharmaceuticals to buy it.
Moving together with Handa Stock
| 0.86 | 6576 | Foresee Pharmaceuticals | PairCorr |
| 0.63 | 1796 | GeneFerm Biotechnology | PairCorr |
| 0.66 | 3257 | Champion Microelectronic | PairCorr |
| 0.77 | 3206 | Kingstate Electronics | PairCorr |
| 0.69 | 2630 | Air Asia | PairCorr |
Moving against Handa Stock
| 0.61 | 4123 | Center Laboratories | PairCorr |
| 0.51 | 2345 | Accton Technology Corp | PairCorr |
| 0.47 | 4702 | Allied Industrial | PairCorr |
| 0.34 | 3054 | LIWANLI Innovation | PairCorr |
| 0.32 | 6539 | DV Biomed | PairCorr |
| 0.31 | 0053 | YuantaP shares Taiwan | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Handa Stock performing well and Handa Pharmaceuticals 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 Handa Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 5607 | 0.96 | (0.18) | 0.00 | (6.97) | 0.00 | 2.21 | 6.21 | |||
| 3360 | 1.59 | (0.06) | 0.00 | (0.68) | 0.00 | 4.19 | 13.64 | |||
| 6477 | 2.39 | 0.41 | 0.18 | 0.61 | 2.17 | 9.85 | 18.38 | |||
| 6166 | 2.24 | 0.30 | 0.13 | 0.83 | 2.25 | 5.55 | 15.95 | |||
| 8463 | 0.63 | 0.00 | 0.04 | 0.08 | 0.78 | 1.22 | 5.55 | |||
| 1303 | 1.98 | (0.13) | 0.00 | (0.22) | 0.00 | 5.65 | 13.28 | |||
| 8070 | 1.53 | (0.16) | 0.00 | 0.44 | 0.00 | 2.80 | 7.17 | |||
| 5269 | 1.91 | 0.15 | 0.08 | 0.30 | 1.88 | 5.63 | 14.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Handa Pharmaceuticals 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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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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Handa Pharmaceuticals Corporate Management
Elected by the shareholders, the Handa Pharmaceuticals' board of directors comprises two types of representatives: Handa Pharmaceuticals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Handa. The board's role is to monitor Handa Pharmaceuticals' management team and ensure that shareholders' interests are well served. Handa Pharmaceuticals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Handa Pharmaceuticals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Weili Lin | Independent Director | Profile | |
| Meifang Zhang | Director | Profile | |
| Guiqing Wang | Independent Director | Profile | |
| Fangyu Liu | Chairman of the Board | Profile | |
| Xinyu Chen | Deputy General Manager-Finance | Profile | |
| Junliang Chen | General Manager, Director | Profile |