Group Up Correlations
| 6664 Stock | 250.50 3.50 1.38% |
The current 90-days correlation between Group Up Industrial and WiseChip Semiconductor is 0.45 (i.e., Very weak diversification). The correlation of Group Up 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.
Group Up Correlation With Market
Average diversification
The correlation between Group Up Industrial and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Group Up Industrial and DJI in the same portfolio, assuming nothing else is changed.
Group |
The ability to find closely correlated positions to Group Up could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Group Up 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 Group Up - 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 Group Up Industrial to buy it.
Moving together with Group Stock
| 0.78 | 6125 | Kenmec Mechanical | PairCorr |
| 0.88 | 6208 | Highlight Tech Split | PairCorr |
| 0.81 | 2072 | Century Wind Power | PairCorr |
| 0.78 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Group Stock
| 0.72 | 6613 | Nova Technology | PairCorr |
| 0.55 | 6438 | Symtek Automation Asia | PairCorr |
| 0.48 | 4506 | Golden Friends | PairCorr |
| 0.42 | 2421 | Sunonwealth Electric | PairCorr |
| 0.42 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.38 | 2233 | Turvo International | PairCorr |
| 0.38 | 6811 | Acer E Enabling | PairCorr |
| 0.32 | 0057 | Fubon MSCI Taiwan | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Group Stock performing well and Group Up 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 Group Up'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9945 | 0.94 | (0.04) | 0.00 | (0.28) | 0.00 | 1.56 | 7.35 | |||
| 5245 | 1.47 | (0.09) | 0.00 | 0.76 | 0.00 | 2.89 | 14.50 | |||
| 3034 | 1.02 | (0.15) | 0.00 | (0.74) | 0.00 | 1.91 | 6.30 | |||
| 3058 | 1.36 | (0.19) | 0.00 | 2.71 | 0.00 | 2.79 | 8.09 | |||
| 3152 | 2.04 | 0.26 | 0.05 | (0.32) | 1.86 | 4.76 | 12.61 | |||
| 6697 | 1.35 | 0.13 | 0.04 | 0.46 | 1.60 | 3.46 | 15.29 | |||
| 6209 | 0.94 | 0.00 | (0.05) | 0.08 | 1.13 | 1.98 | 5.38 | |||
| 9921 | 1.62 | (0.58) | 0.00 | (2.70) | 0.00 | 2.38 | 14.43 | |||
| 2882A | 0.10 | 0.01 | (0.37) | 0.52 | 0.00 | 0.33 | 0.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Group Up 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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Group Up Corporate Management
Elected by the shareholders, the Group Up's board of directors comprises two types of representatives: Group Up inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Group. The board's role is to monitor Group Up's management team and ensure that shareholders' interests are well served. Group Up'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, Group Up's outside directors are responsible for providing unbiased perspectives on the board's policies.
| WenChang Lai | Vice Director | Profile | |
| Wendy Shen | Corp Fin | Profile | |
| AnShun Chen | Chairman CEO | Profile | |
| Asui Chen | Vice Sales | Profile | |
| JungKung Lee | GM Director | Profile | |
| Bill Yu | Vice Director | Profile |