TOPBI International Correlations

2929 Stock  TWD 15.10  0.10  0.66%   
The current 90-days correlation between TOPBI International and Shinkong Textile Co is -0.04 (i.e., Good diversification). The correlation of TOPBI International 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.

TOPBI International Correlation With Market

Significant diversification

The correlation between TOPBI International Holdings and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TOPBI International Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to TOPBI International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TOPBI International 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 TOPBI International - 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 TOPBI International Holdings to buy it.

Moving together with TOPBI Stock

  0.838429 Jinli Group HoldingsPairCorr
  0.782881A Fubon Financial HoldingPairCorr
  0.742891 CTBC Financial HoldingPairCorr
  0.832885 Yuanta Financial HoldingsPairCorr
  0.672882B Cathay Financial HoldingPairCorr
  0.72883 China DevelopmentPairCorr
  0.662850 Shinkong InsurancePairCorr
  0.752618 Eva Airways CorpPairCorr
  0.733036A WT MicroelectronicsPairCorr
  0.716669 Wiwynn CorpPairCorr

Moving against TOPBI Stock

  0.761477 Makalot IndustrialPairCorr
  0.744438 Quang Viet EnterprisePairCorr
  0.671419 Shinkong TextilePairCorr
  0.511473 Tainan EnterprisesPairCorr
  0.512884 ESUN Financial HoldingPairCorr
  0.311315 Tah Hsin IndustrialPairCorr
  0.650051 YuantaP shares TaiwanPairCorr

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   
14194438
29298429
44381477
14191477
13151419
14734438
  
High negative correlations   
29291477
29294438
84291477
29291419
84294438
29291473

Risk-Adjusted Indicators

There is a big difference between TOPBI Stock performing well and TOPBI International 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 TOPBI International'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 TOPBI International 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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TOPBI International Corporate Management

Elected by the shareholders, the TOPBI International's board of directors comprises two types of representatives: TOPBI International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TOPBI. The board's role is to monitor TOPBI International's management team and ensure that shareholders' interests are well served. TOPBI International'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, TOPBI International's outside directors are responsible for providing unbiased perspectives on the board's policies.
Zhi ZhouCEO MDProfile
Dong WuDirector DepartmentProfile
Ling ZhuangBoard SecProfile
Chien ChenChief OfficerProfile