Yung Zip Correlations
| 4102 Stock | TWD 30.10 0.65 2.11% |
The current 90-days correlation between Yung Zip Chemical and GenMont Biotech is 0.18 (i.e., Average diversification). The correlation of Yung Zip 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.
Yung Zip Correlation With Market
Significant diversification
The correlation between Yung Zip Chemical and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yung Zip Chemical and DJI in the same portfolio, assuming nothing else is changed.
Yung |
The ability to find closely correlated positions to Yung Zip could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yung Zip 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 Yung Zip - 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 Yung Zip Chemical to buy it.
Moving together with Yung Stock
| 0.73 | 2913 | Taiwan Tea Corp | PairCorr |
| 0.78 | 911622 | Tycoons Worldwide | PairCorr |
| 0.83 | 2438 | Enlight Corp | PairCorr |
| 0.87 | 9136 | Ju Teng International | PairCorr |
| 0.87 | 1734 | Sinphar Pharmaceutical | PairCorr |
| 0.86 | 4109 | Jia Jie Biomedical | PairCorr |
Moving against Yung Stock
| 0.86 | 3036A | WT Microelectronics | PairCorr |
| 0.84 | 2356 | Inventec Corp | PairCorr |
| 0.8 | 6669 | Wiwynn Corp | PairCorr |
| 0.8 | 1231 | Lian Hwa Foods | PairCorr |
| 0.8 | 2850 | Shinkong Insurance | PairCorr |
| 0.8 | 5315 | United Radiant Technology | PairCorr |
| 0.75 | 8240 | Wah Hong Industrial | PairCorr |
| 0.73 | 2357 | Asustek Computer | PairCorr |
| 0.69 | 3231 | Wistron Corp | PairCorr |
| 0.62 | 5269 | Asmedia Technology | PairCorr |
| 0.51 | 8042 | Taiwan Chinsan Electronic | PairCorr |
| 0.51 | 3653 | Jentech Precision | PairCorr |
| 0.5 | 910861 | Digital China Holdings | PairCorr |
| 0.41 | 6223 | MPI Corporation | PairCorr |
| 0.88 | 2883B | CHINA DEVELOPMENT | PairCorr |
| 0.85 | 2891B | CTBC Financial Holding | PairCorr |
| 0.81 | 1464 | De Licacy Industrial | PairCorr |
| 0.79 | 3041 | ALi Corp Split | PairCorr |
| 0.79 | 2618 | Eva Airways Corp | PairCorr |
| 0.79 | 2345 | Accton Technology Corp | PairCorr |
| 0.78 | 2354 | Foxconn Technology | PairCorr |
| 0.74 | 8284 | Mitake Information | PairCorr |
| 0.73 | 2883 | China Development | PairCorr |
| 0.73 | 5530 | Lungyen Life Service | PairCorr |
| 0.66 | 2454 | MediaTek | PairCorr |
| 0.66 | 2379 | Realtek Semiconductor | PairCorr |
| 0.63 | 3545 | FocalTech Systems | PairCorr |
| 0.62 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.5 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.47 | 3217 | Argosy Research | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Yung Stock performing well and Yung Zip 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 Yung Zip'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4164 | 1.27 | (0.09) | 0.00 | (0.48) | 0.00 | 2.91 | 12.81 | |||
| 3164 | 0.66 | (0.24) | 0.00 | 1.50 | 0.00 | 1.25 | 4.56 | |||
| 1734 | 0.51 | (0.16) | 0.00 | (5.25) | 0.00 | 1.30 | 3.97 | |||
| 4133 | 0.40 | (0.15) | 0.00 | (12.30) | 0.00 | 0.68 | 3.75 | |||
| 4106 | 0.62 | (0.10) | 0.00 | 9.50 | 0.00 | 1.22 | 3.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Yung Zip 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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