United Integrated Correlations
| 2404 Stock | TWD 346.00 0.50 0.14% |
The current 90-days correlation between United Integrated and Huaku Development Co is 0.08 (i.e., Significant diversification). The correlation of United Integrated 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
United Integrated Correlation With Market
Good diversification
The correlation between United Integrated Services and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Integrated Services and DJI in the same portfolio, assuming nothing else is changed.
United |
The ability to find closely correlated positions to United Integrated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Integrated 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 United Integrated - 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 United Integrated Services to buy it.
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 United Integrated 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 Watchlist Optimization Now
Watchlist OptimizationOptimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm |
| All Next | Launch Module |
United Integrated Corporate Management
Elected by the shareholders, the United Integrated's board of directors comprises two types of representatives: United Integrated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of United. The board's role is to monitor United Integrated's management team and ensure that shareholders' interests are well served. United Integrated'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, United Integrated's outside directors are responsible for providing unbiased perspectives on the board's policies.