Ruentex Industries Correlations
| 2915 Stock | TWD 64.60 1.00 1.57% |
The current 90-days correlation between Ruentex Industries and Ruentex Development Co is 0.82 (i.e., Very poor diversification). The correlation of Ruentex Industries 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.
Ruentex Industries Correlation With Market
Average diversification
The correlation between Ruentex Industries and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ruentex Industries and DJI in the same portfolio, assuming nothing else is changed.
Ruentex |
The ability to find closely correlated positions to Ruentex Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ruentex Industries 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 Ruentex Industries - 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 Ruentex Industries to buy it.
Moving together with Ruentex Stock
Moving against Ruentex Stock
Related Correlations Analysis
| 0.63 | 0.69 | 0.77 | 0.44 | 9945 | ||
| 0.63 | 0.69 | 0.45 | 0.16 | 2881 | ||
| 0.69 | 0.69 | 0.67 | 0.59 | 2882 | ||
| 0.77 | 0.45 | 0.67 | 0.76 | 9904 | ||
| 0.44 | 0.16 | 0.59 | 0.76 | 1216 | ||
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Risk-Adjusted Indicators
There is a big difference between Ruentex Stock performing well and Ruentex Industries 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 Ruentex Industries' 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9945 | 1.07 | (0.28) | 0.00 | (2.33) | 0.00 | 2.16 | 13.26 | |||
| 2881 | 0.80 | (0.04) | 0.00 | (0.63) | 0.00 | 1.42 | 4.53 | |||
| 2882 | 0.88 | (0.10) | 0.00 | 1.63 | 0.00 | 1.75 | 7.21 | |||
| 9904 | 1.29 | (0.30) | 0.00 | (4.91) | 0.00 | 2.08 | 8.13 | |||
| 1216 | 0.96 | (0.07) | 0.00 | 0.18 | 0.00 | 1.66 | 5.10 |
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Our tools can tell you how much better you can do entering a position in Ruentex Industries 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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Ruentex Industries Corporate Management
Elected by the shareholders, the Ruentex Industries' board of directors comprises two types of representatives: Ruentex Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ruentex. The board's role is to monitor Ruentex Industries' management team and ensure that shareholders' interests are well served. Ruentex Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ruentex Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChihChang Hsu | Pres Director | Profile | |
| TienChien Lee | VP Director | Profile | |
| Jianhua Huang | Deputy General Manager | Profile | |
| HsiuYen Chang | VP Mang | Profile |