Acer Correlations
| 2353 Stock | TWD 52.90 0.40 0.76% |
The correlation of Acer 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 Acer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acer Inc 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 Acer Inc 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 Acer Inc and NYA in the same portfolio, assuming nothing else is changed.
Acer |
The ability to find closely correlated positions to Acer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Acer 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 Acer - 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 Acer Inc to buy it.
Moving together with Acer Stock
| 0.64 | 2891 | CTBC Financial Holding | PairCorr |
| 0.62 | 2880 | Hua Nan Financial | PairCorr |
| 0.61 | 2892 | First Financial Holding | PairCorr |
| 0.63 | 2885 | Yuanta Financial Holdings | PairCorr |
| 0.63 | 2890 | Sinopac Financial | PairCorr |
| 0.84 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.8 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.77 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.79 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Acer Stock performing well and Acer 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 Acer'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2357 | 1.70 | 0.14 | 0.06 | 0.83 | 1.67 | 4.25 | 13.23 | |||
| 2324 | 1.39 | 0.04 | 0.01 | 0.16 | 1.90 | 2.46 | 14.99 | |||
| 2382 | 2.18 | 0.24 | 0.08 | (0.69) | 2.25 | 5.49 | 13.50 | |||
| 2409 | 1.40 | 0.01 | (0.01) | 0.05 | 1.46 | 2.97 | 7.72 | |||
| 2303 | 1.06 | 0.20 | 0.14 | 2.15 | 1.05 | 2.32 | 6.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Acer 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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Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
Acer Corporate Management
Elected by the shareholders, the Acer's board of directors comprises two types of representatives: Acer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Acer. The board's role is to monitor Acer's management team and ensure that shareholders' interests are well served. Acer'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, Acer's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chandrahas Panigrahi | Bus India | Profile | |
| Jerry Kao | General Manager-Business Group | Profile | |
| Chun Chen | Chairman CEO | Profile | |
| Harish Kohli | Managing India | Profile | |
| Lydia Wu | Gen Officer | Profile |
Already Invested in Acer Inc?
The danger of trading Acer Inc 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 Acer 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 Acer. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Acer Inc 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 Acer Inc. 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 Transaction History module to view history of all your transactions and understand their impact on performance.
Complementary Tools for Acer Stock analysis
When running Acer's price analysis, check to measure Acer'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 Acer is operating at the current time. Most of Acer's value examination focuses on studying past and present price action to predict the probability of Acer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Acer's price. Additionally, you may evaluate how the addition of Acer to your portfolios can decrease your overall portfolio volatility.
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