Chain Chon Correlations
| 5014 Stock | TWD 13.50 0.05 0.37% |
The correlation of Chain Chon 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 Chain Chon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chain Chon Industrial 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 Chain Chon Industrial and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chain Chon Industrial and NYA in the same portfolio, assuming nothing else is changed.
Chain |
The ability to find closely correlated positions to Chain Chon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chain Chon 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 Chain Chon - 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 Chain Chon Industrial to buy it.
Moving together with Chain Stock
| 0.71 | 2002 | China Steel Corp | PairCorr |
| 0.74 | 2014 | Chung Hung Steel | PairCorr |
| 0.71 | 9957 | Yieh United Steel | PairCorr |
| 0.65 | 4174 | OBI Pharma | PairCorr |
| 0.71 | 6541 | Tanvex BioPharma | PairCorr |
Moving against Chain Stock
| 0.67 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.67 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.66 | 2015 | Feng Hsin Steel | PairCorr |
| 0.66 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.56 | 0051 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
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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 Chain Stock performing well and Chain Chon 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 Chain Chon'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Chain Chon 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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Chain Chon Corporate Directors
Chain Chon corporate directors refer to members of a Chain Chon board of directors. The board of directors generally takes responsibility for the Chain Chon'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 Chain Chon's board members must vote for the resolution. The Chain Chon board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Jianheng Huang | Independent Director | Profile | |
| Lanying Xu | Director | Profile | |
| Songbai Lian | Independent Director | Profile | |
| Yingcong Guo | Director | Profile |
Already Invested in Chain Chon Industrial?
The danger of trading Chain Chon Industrial 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 Chain Chon 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 Chain Chon. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Chain Chon Industrial 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 Chain Chon Industrial. 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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Chain Stock analysis
When running Chain Chon's price analysis, check to measure Chain Chon'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 Chain Chon is operating at the current time. Most of Chain Chon's value examination focuses on studying past and present price action to predict the probability of Chain Chon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chain Chon's price. Additionally, you may evaluate how the addition of Chain Chon to your portfolios can decrease your overall portfolio volatility.
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