Radiation Technology Correlations
| 6514 Stock | TWD 52.60 0.60 0.19% |
The correlation of Radiation 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Radiation Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Radiation Technology 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.
Check out Trending Equities to better understand how to build diversified portfolios. 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. Radiation |
The ability to find closely correlated positions to Radiation 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 Radiation 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 Radiation 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 Radiation Technology to buy it.
Moving against Radiation Stock
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
|
Risk-Adjusted Indicators
There is a big difference between Radiation Stock performing well and Radiation 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 Radiation 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 8104 | 1.45 | (0.07) | 0.00 | 2.72 | 0.00 | 3.00 | 16.90 | |||
| 2440 | 1.98 | 0.46 | 0.13 | (0.40) | 1.84 | 6.31 | 14.20 | |||
| 8011 | 2.88 | 0.03 | 0.00 | 0.11 | 4.11 | 9.91 | 19.97 | |||
| 2434 | 0.93 | (0.14) | 0.00 | (1.38) | 0.00 | 1.64 | 7.62 | |||
| 5245 | 1.31 | (0.25) | 0.00 | 0.76 | 0.00 | 3.44 | 13.32 | |||
| 3006 | 1.76 | (0.04) | 0.00 | 1.11 | 0.00 | 4.34 | 10.39 | |||
| 3317 | 1.08 | (0.14) | 0.00 | (22.27) | 0.00 | 2.00 | 7.60 | |||
| 3105 | 1.61 | (0.09) | 0.00 | (0.37) | 0.00 | 3.48 | 12.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Radiation 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?
Run FinTech Suite Now
FinTech SuiteUse AI to screen and filter profitable investment opportunities |
| All Next | Launch Module |
Radiation Technology Corporate Directors
Radiation Technology corporate directors refer to members of a Radiation Technology board of directors. The board of directors generally takes responsibility for the Radiation Technology'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 Radiation Technology's board members must vote for the resolution. The Radiation Technology board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Xizeng Zhou | Independent Director | Profile | |
| Yiping Li | Independent Director | Profile | |
| Shumin Chen | Director | Profile | |
| Wenyu Wu | Independent Director | Profile |
Already Invested in Radiation Technology?
The danger of trading Radiation Technology 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 Radiation Technology 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 Radiation Technology. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Radiation Technology 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 Radiation Technology. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Radiation Stock analysis
When running Radiation Technology's price analysis, check to measure Radiation Technology'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 Radiation Technology is operating at the current time. Most of Radiation Technology's value examination focuses on studying past and present price action to predict the probability of Radiation Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Radiation Technology's price. Additionally, you may evaluate how the addition of Radiation Technology to your portfolios can decrease your overall portfolio volatility.
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |