Uni President Correlations
| 1216 Stock | TWD 79.80 0.70 0.88% |
The correlation of Uni President 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 Uni President moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Uni President Enterprises 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Uni President Enterprises 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. Uni |
The ability to find closely correlated positions to Uni President could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Uni President 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 Uni President - 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 Uni President Enterprises Corp to buy it.
Moving together with Uni Stock
| 0.65 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.63 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.66 | 0057 | Fubon MSCI Taiwan | PairCorr |
Moving against Uni Stock
| 0.63 | 4174 | OBI Pharma | PairCorr |
| 0.59 | 6541 | Tanvex BioPharma | PairCorr |
| 0.45 | 6620 | Handa Pharmaceuticals | PairCorr |
| 0.44 | 1435 | Chung Fu Tex | PairCorr |
Related Correlations Analysis
| 0.5 | 0.31 | 0.52 | -0.62 | 1234 | ||
| 0.5 | 0.8 | 0.21 | 0.17 | 1217 | ||
| 0.31 | 0.8 | -0.08 | 0.3 | 1219 | ||
| 0.52 | 0.21 | -0.08 | -0.33 | 1218 | ||
| -0.62 | 0.17 | 0.3 | -0.33 | 1233 | ||
| 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 Uni Stock performing well and Uni President 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 Uni President'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1234 | 0.37 | 0.11 | 0.06 | 0.70 | 0.00 | 0.84 | 2.80 | |||
| 1217 | 0.67 | 0.03 | (0.04) | 0.18 | 0.70 | 1.65 | 3.92 | |||
| 1219 | 0.40 | (0.01) | (0.14) | 0.00 | 0.51 | 1.05 | 3.24 | |||
| 1218 | 1.14 | 0.14 | 0.00 | (0.28) | 1.19 | 2.55 | 8.89 | |||
| 1233 | 0.39 | (0.02) | 0.00 | (0.58) | 0.00 | 0.89 | 3.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Uni President 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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Uni President Corporate Management
Elected by the shareholders, the Uni President's board of directors comprises two types of representatives: Uni President inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Uni. The board's role is to monitor Uni President's management team and ensure that shareholders' interests are well served. Uni President'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, Uni President's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChaoKai Hwang | President | Profile | |
| ChiaMing Chai | VP | Profile | |
| TsungPin Wu | Director VP | Profile | |
| ChingTyan Lee | President | Profile | |
| FuJung Lai | Head VP | Profile |
Already Invested in Uni President Enterprises Corp?
The danger of trading Uni President Enterprises 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 Uni President 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 Uni President. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Uni President Enterp 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 Uni President Enterprises 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Uni Stock analysis
When running Uni President's price analysis, check to measure Uni President'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 Uni President is operating at the current time. Most of Uni President's value examination focuses on studying past and present price action to predict the probability of Uni President's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Uni President's price. Additionally, you may evaluate how the addition of Uni President to your portfolios can decrease your overall portfolio volatility.
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