Fulltech Fiber Correlations

Stocks . Taiwan . 
Stock . Fulltech Fiber Glass
1815 Stock  TWD 28.10  1.15  3.93%   
The current 90-days correlation between Fulltech Fiber Glass and IEI Integration Corp is 0.41 (i.e., Very weak diversification). The correlation of Fulltech Fiber 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.

Fulltech Fiber Correlation With Market

Good diversification

The correlation between Fulltech Fiber Glass 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 Fulltech Fiber Glass and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Fulltech Fiber could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fulltech Fiber 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 Fulltech Fiber - 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 Fulltech Fiber Glass to buy it.

Moving together with Fulltech Stock

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  0.643056 ZongTai Real EstatePairCorr
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  0.898284 Mitake InformationPairCorr
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  0.851231 Lian Hwa FoodsPairCorr
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  0.642850 Shinkong InsurancePairCorr
  0.655269 Asmedia TechnologyPairCorr
  0.82910861 Digital China HoldingsPairCorr
  0.882618 Eva Airways CorpPairCorr
  0.855530 Lungyen Life ServicePairCorr

Moving against Fulltech Stock

  0.865508 Yungshin ConstructionPairCorr
  0.814938 Pegatron CorpPairCorr
  0.795356 Sirtec InternationalPairCorr
  0.788069 E Ink HoldingsPairCorr
  0.762409 AU OptronicsPairCorr
  0.72327 Yageo CorpPairCorr
  0.78072 AV Tech CorpPairCorr
  0.62538 Kee Tai Properties SplitPairCorr
  0.53481 Innolux CorpPairCorr
  0.342317 Hon Hai PrecisionPairCorr
  0.720051 YuantaP shares TaiwanPairCorr
  0.571590 Airtac InternationalPairCorr

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   
6166
+ 0.82
2395
6166
+ 0.62
3022
3022
+ 0.53
2395
6166
+ 0.36
6414
6414
+ 0.3
3022
6414
+ 0.2
2395
  
High negative correlations   
6206
- 0.29
2395
6414
- 0.14
6206
6166
- 0.11
6206
6206
- 0.06
3022

Risk-Adjusted Indicators

There is a big difference between Fulltech Stock performing well and Fulltech Fiber 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 Fulltech Fiber'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 Fulltech Fiber 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.

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Fulltech Fiber Corporate Management

Elected by the shareholders, the Fulltech Fiber's board of directors comprises two types of representatives: Fulltech Fiber inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fulltech. The board's role is to monitor Fulltech Fiber's management team and ensure that shareholders' interests are well served. Fulltech Fiber'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, Fulltech Fiber's outside directors are responsible for providing unbiased perspectives on the board's policies.
ChinShuo ChangPres DepartmentProfile
Jeffery HsiehEx VPProfile
Fang ChiFinancial SupervisorProfile
Ke ChangChief OfficerProfile
Chang YuanPinChief ChairmanProfile
ShengZun LinAct LtdProfile
PiCheng ChenPresidentProfile
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