Brighten Optix Correlations
| 6747 Stock | TWD 139.00 1.00 0.71% |
The current 90-days correlation between Brighten Optix and Excelsior Medical Co is 0.17 (i.e., Average diversification). The correlation of Brighten Optix 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.
Brighten Optix Correlation With Market
Good diversification
The correlation between Brighten Optix and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brighten Optix and DJI in the same portfolio, assuming nothing else is changed.
Brighten |
The ability to find closely correlated positions to Brighten Optix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brighten Optix 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 Brighten Optix - 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 Brighten Optix to buy it.
Moving together with Brighten Stock
| 0.83 | 3218 | Universal Vision Bio | PairCorr |
| 0.68 | 4104 | Excelsior Medical | PairCorr |
| 0.84 | 6762 | Delta Asia International | PairCorr |
| 0.9 | 9103 | Medtecs International | PairCorr |
| 0.89 | 4155 | Ok Biotech | PairCorr |
| 0.79 | 2891C | CTBC Financial Holding | PairCorr |
| 0.76 | 2884 | ESUN Financial Holding | PairCorr |
| 0.85 | 5880 | Taiwan Cooperative | PairCorr |
| 0.65 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Brighten Stock
| 0.79 | 2891 | CTBC Financial Holding | PairCorr |
| 0.79 | 2891B | CTBC Financial Holding | PairCorr |
| 0.67 | 2883 | China Development | PairCorr |
| 0.59 | 4129 | United Orthopedic | PairCorr |
| 0.5 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.46 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.44 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.32 | 2882 | Cathay Financial Holding | 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 Brighten Stock performing well and Brighten Optix 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 Brighten Optix'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3218 | 1.25 | (0.02) | (0.07) | 0.01 | 1.40 | 3.00 | 13.49 | |||
| 4104 | 0.24 | (0.02) | 0.00 | (0.18) | 0.00 | 0.46 | 1.37 | |||
| 4126 | 0.42 | 0.02 | (0.10) | 0.23 | 0.51 | 1.13 | 3.47 | |||
| 9945 | 0.94 | (0.02) | (0.09) | (0.05) | 1.18 | 1.80 | 7.35 | |||
| 6438 | 2.71 | 0.76 | 0.23 | 5.09 | 2.05 | 9.79 | 17.42 | |||
| 5245 | 1.54 | (0.11) | 0.00 | 0.74 | 0.00 | 2.89 | 14.50 | |||
| 3034 | 1.04 | (0.12) | 0.00 | (0.44) | 0.00 | 1.97 | 8.21 | |||
| 3058 | 1.35 | (0.17) | 0.00 | 2.02 | 0.00 | 2.79 | 8.09 | |||
| 3152 | 1.91 | 0.21 | 0.02 | (0.26) | 1.81 | 4.35 | 12.61 | |||
| 9933 | 0.65 | (0.30) | 0.00 | 3.08 | 0.00 | 1.53 | 3.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Brighten Optix 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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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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Brighten Optix Corporate Management
Elected by the shareholders, the Brighten Optix's board of directors comprises two types of representatives: Brighten Optix inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Brighten. The board's role is to monitor Brighten Optix's management team and ensure that shareholders' interests are well served. Brighten Optix'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, Brighten Optix's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zheyu Li | Independent Director | Profile | |
| Taixiong Wu | Chairman of the Board, General Manager | Profile | |
| Guanhan Wu | General Manager of China Business-General Manager's Office, Director | Profile | |
| Zhuyin Ye | Assistant General Manager of Finance & Accounting Center | Profile | |
| Shifang Qiu | Independent Director | Profile | |
| Zhiyuan You | Director | Profile |