Lite On Correlations
| 2301 Stock | TWD 106.50 0.50 0.47% |
The correlation of Lite On 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 Lite On moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lite On Technology 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.
Average diversification
The correlation between Lite On Technology Corp and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lite On Technology Corp and NYA in the same portfolio, assuming nothing else is changed.
Lite |
The ability to find closely correlated positions to Lite On could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lite On 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 Lite On - 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 Lite On Technology Corp to buy it.
Related Correlations Analysis
| 0.31 | 0.19 | 0.21 | 0.38 | 2408 | ||
| 0.31 | 0.64 | 0.52 | 0.61 | 6239 | ||
| 0.19 | 0.64 | 0.64 | 0.77 | 2385 | ||
| 0.21 | 0.52 | 0.64 | 0.81 | 2379 | ||
| 0.38 | 0.61 | 0.77 | 0.81 | 2449 | ||
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Risk-Adjusted Indicators
There is a big difference between Lite Stock performing well and Lite On 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 Lite On'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2408 | 1.40 | (0.05) | 0.00 | 0.31 | 0.00 | 2.74 | 16.35 | |||
| 6239 | 1.60 | 0.21 | 0.07 | (0.19) | 1.85 | 3.95 | 12.56 | |||
| 2385 | 2.07 | 0.11 | 0.03 | (1.57) | 2.36 | 5.20 | 12.72 | |||
| 2379 | 1.69 | (0.08) | 0.00 | 0.43 | 0.00 | 3.01 | 12.14 | |||
| 2449 | 1.92 | (0.07) | 0.00 | 0.29 | 0.00 | 3.88 | 16.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lite On 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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Lite On Corporate Management
Elected by the shareholders, the Lite On's board of directors comprises two types of representatives: Lite On inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lite. The board's role is to monitor Lite On's management team and ensure that shareholders' interests are well served. Lite On'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, Lite On's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lando Lin | Deputy General Manager | Profile | |
| May Chiu | Assistant IP | Profile | |
| Peifen Chou | Chief Officer | Profile | |
| Julia Wang | Director PR | Profile | |
| Anson Chiu | Deputy General Manager | Profile | |
| Jean Hong | Deputy General Manager | Profile | |
| Michelle Hsiao | Financial Officer | Profile |
Additional Tools for Lite Stock Analysis
When running Lite On's price analysis, check to measure Lite On'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 Lite On is operating at the current time. Most of Lite On's value examination focuses on studying past and present price action to predict the probability of Lite On's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lite On's price. Additionally, you may evaluate how the addition of Lite On to your portfolios can decrease your overall portfolio volatility.