CTBC Financial Correlations
| 2891C Stock | TWD 58.00 0.20 0.34% |
The correlation of CTBC Financial 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 CTBC Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CTBC Financial Holding 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 CTBC Financial Holding 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 CTBC Financial Holding and NYA in the same portfolio, assuming nothing else is changed.
CTBC |
The ability to find closely correlated positions to CTBC Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CTBC Financial 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 CTBC Financial - 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 CTBC Financial Holding to buy it.
Moving together with CTBC Stock
Moving against CTBC Stock
| 0.83 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.77 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.76 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.76 | 2317 | Hon Hai Precision | PairCorr |
| 0.76 | 3711 | ASE Industrial Holding | PairCorr |
| 0.76 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.76 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.71 | 2534 | Hung Sheng Construction | PairCorr |
| 0.68 | 5515 | Chien Kuo Construction | PairCorr |
| 0.63 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.61 | 2454 | MediaTek | PairCorr |
| 0.51 | 1605 | Walsin Lihwa Corp | PairCorr |
| 0.45 | 2881A | Fubon Financial Holding | PairCorr |
| 0.44 | 2882A | Cathay Financial Holding | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in CTBC Financial 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 Portfolio Suggestion Now
Portfolio SuggestionGet suggestions outside of your existing asset allocation including your own model portfolios |
| All Next | Launch Module |
CTBC Financial Corporate Management
Elected by the shareholders, the CTBC Financial's board of directors comprises two types of representatives: CTBC Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CTBC. The board's role is to monitor CTBC Financial's management team and ensure that shareholders' interests are well served. CTBC Financial'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, CTBC Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChangHsing Cho | Senior Deputy General Manager | Profile | |
| Y Deng | General Counsel | Profile | |
| Justine Shen | Head Department | Profile | |
| Winston Hsia | Chief Investment Officer | Profile | |
| WenLong Yen | Chairman of the Board | Profile | |
| Zhicheng Wang | Independent Director | Profile |
Already Invested in CTBC Financial Holding?
The danger of trading CTBC Financial Holding 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 CTBC Financial 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 CTBC Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CTBC Financial Holding 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 CTBC Financial Holding. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the CTBC Financial Holding information on this page should be used as a complementary analysis to other CTBC Financial's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for CTBC Stock analysis
When running CTBC Financial's price analysis, check to measure CTBC Financial'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 CTBC Financial is operating at the current time. Most of CTBC Financial's value examination focuses on studying past and present price action to predict the probability of CTBC Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CTBC Financial's price. Additionally, you may evaluate how the addition of CTBC Financial to your portfolios can decrease your overall portfolio volatility.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| CEOs Directory Screen CEOs from public companies around the world | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum |