Far Eastern Correlations
| 1402 Stock | TWD 33.20 0.70 2.15% |
The correlation of Far Eastern 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 Far Eastern moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Far Eastern New 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.
Good diversification
The correlation between Far Eastern New and NYA is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Far Eastern New and NYA in the same portfolio, assuming nothing else is changed.
Far |
The ability to find closely correlated positions to Far Eastern could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Far Eastern 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 Far Eastern - 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 Far Eastern New to buy it.
Moving together with Far Stock
| 0.82 | 2820 | China Bills Finance | PairCorr |
| 0.65 | 9906 | Hsin Ba Ba | PairCorr |
| 0.74 | 2633 | Taiwan High Speed | PairCorr |
| 0.88 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.88 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.86 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.87 | 0053 | YuantaP shares Taiwan | PairCorr |
Moving against Far Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Far Eastern 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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Far Eastern Corporate Directors
Far Eastern corporate directors refer to members of a Far Eastern board of directors. The board of directors generally takes responsibility for the Far Eastern'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 Far Eastern's board members must vote for the resolution. The Far Eastern board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| KwanTao Li | Director | Profile | |
| Tonia Hsu | Director | Profile | |
| Champion Lee | Director | Profile | |
| Bing Shen | Independent Director | Profile |
Already Invested in Far Eastern New?
The danger of trading Far Eastern New 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 Far Eastern 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 Far Eastern. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Far Eastern New 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 Far Eastern New. 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 Far Stock analysis
When running Far Eastern's price analysis, check to measure Far Eastern'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 Far Eastern is operating at the current time. Most of Far Eastern's value examination focuses on studying past and present price action to predict the probability of Far Eastern's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Far Eastern's price. Additionally, you may evaluate how the addition of Far Eastern to your portfolios can decrease your overall portfolio volatility.
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