Champion Microelectronic Correlations
| 3257 Stock | TWD 62.80 1.10 1.72% |
The current 90-days correlation between Champion Microelectronic and United Microelectronics is 0.26 (i.e., Modest diversification). The correlation of Champion Microelectronic 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.
Champion Microelectronic Correlation With Market
Average diversification
The correlation between Champion Microelectronic Corp and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Champion Microelectronic Corp and DJI in the same portfolio, assuming nothing else is changed.
Champion |
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Moving together with Champion Stock
| 0.66 | 1432 | Trk Corp | PairCorr |
| 0.76 | 3545 | FocalTech Systems | PairCorr |
| 0.87 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.85 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.85 | 0050 | YuantaP shares Taiwan | PairCorr |
Moving against Champion Stock
Related Correlations Analysis
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