Rexon Industrial Correlations
1515 Stock | TWD 48.85 0.60 1.21% |
The correlation of Rexon Industrial 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Rexon Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rexon Industrial Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Significant diversification
The correlation between Rexon Industrial Corp and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rexon Industrial Corp and NYA in the same portfolio, assuming nothing else is changed.
Rexon |
The ability to find closely correlated positions to Rexon Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rexon Industrial 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 Rexon Industrial - 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 Rexon Industrial Corp to buy it.
Moving together with Rexon Stock
0.63 | 2881A | Fubon Financial Holding | PairCorr |
0.81 | 2891 | CTBC Financial Holding | PairCorr |
0.82 | 2883 | China Development | PairCorr |
0.69 | 2317 | Hon Hai Precision | PairCorr |
0.78 | 2330 | Taiwan Semiconductor | PairCorr |
0.79 | 0053 | YuantaP shares Taiwan | PairCorr |
0.79 | 0057 | Fubon MSCI Taiwan | PairCorr |
0.8 | 0050 | YuantaP shares Taiwan | PairCorr |
0.76 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Rexon Stock
0.73 | 2891C | CTBC Financial Holding | PairCorr |
0.68 | 2888A | Shin Kong Financial | PairCorr |
0.58 | 2882B | Cathay Financial Holding | PairCorr |
0.54 | 2888 | Shin Kong Financial | PairCorr |
Related Correlations Analysis
0.66 | 0.96 | -0.58 | -0.69 | 1303 | ||
0.66 | 0.69 | -0.05 | -0.35 | 1101 | ||
0.96 | 0.69 | -0.53 | -0.54 | 1301 | ||
-0.58 | -0.05 | -0.53 | 0.66 | 1102 | ||
-0.69 | -0.35 | -0.54 | 0.66 | 1216 | ||
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
|
Risk-Adjusted Indicators
There is a big difference between Rexon Stock performing well and Rexon Industrial 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 Rexon Industrial'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
1303 | 1.21 | (0.20) | 0.00 | 1.09 | 0.00 | 2.30 | 5.67 | |||
1101 | 0.70 | (0.07) | 0.00 | 0.35 | 0.00 | 1.72 | 4.96 | |||
1301 | 0.96 | (0.17) | 0.00 | 1.54 | 0.00 | 1.94 | 5.18 | |||
1102 | 0.60 | 0.08 | (0.01) | (0.72) | 0.72 | 1.60 | 3.53 | |||
1216 | 0.84 | 0.07 | 0.00 | 1.23 | 0.88 | 1.86 | 5.60 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rexon Industrial 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 Crypto Correlations Now
Crypto CorrelationsUse cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |
All Next | Launch Module |
Rexon Industrial Corporate Directors
Rexon Industrial corporate directors refer to members of a Rexon Industrial board of directors. The board of directors generally takes responsibility for the Rexon Industrial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Rexon Industrial's board members must vote for the resolution. The Rexon Industrial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Buqiao Guo | Director | Profile | |
Gulin Ke | Director | Profile | |
Patrick Maguire | Director | Profile | |
Peiyao Liu | Independent Director | Profile |
Already Invested in Rexon Industrial Corp?
The danger of trading Rexon Industrial Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Rexon Industrial is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Rexon Industrial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rexon Industrial Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Rexon Industrial Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Complementary Tools for Rexon Stock analysis
When running Rexon Industrial's price analysis, check to measure Rexon Industrial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Rexon Industrial is operating at the current time. Most of Rexon Industrial's value examination focuses on studying past and present price action to predict the probability of Rexon Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rexon Industrial's price. Additionally, you may evaluate how the addition of Rexon Industrial to your portfolios can decrease your overall portfolio volatility.
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |