| 2605 Stock | | | TWD 24.80 0.35 1.39% |
The current 90-days correlation between Sincere Navigation Corp and Yang Ming Marine is 0.54 (i.e., Very weak diversification). The correlation of Sincere Navigation 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.
Sincere Navigation Correlation With Market
Good diversification
The correlation between Sincere Navigation Corp and DJI 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 Sincere Navigation Corp and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Sincere Navigation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sincere Navigation 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 Sincere Navigation - 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 Sincere Navigation Corp to buy it.
Moving against Sincere Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Sincere Stock performing well and Sincere Navigation 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 Sincere Navigation'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 Sincere Navigation 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.
| | Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
Sincere Navigation Corporate Management
Elected by the shareholders, the Sincere Navigation's board of directors comprises two types of representatives: Sincere Navigation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sincere. The board's role is to monitor Sincere Navigation's management team and ensure that shareholders' interests are well served. Sincere Navigation'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, Sincere Navigation's outside directors are responsible for providing unbiased perspectives on the board's policies.