CHC Healthcare Correlations
| 4164 Stock | TWD 41.70 0.30 0.72% |
The current 90-days correlation between CHC Healthcare Group and Phytohealth Corp is 0.35 (i.e., Weak diversification). The correlation of CHC Healthcare 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.
CHC Healthcare Correlation With Market
Average diversification
The correlation between CHC Healthcare Group and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CHC Healthcare Group and DJI in the same portfolio, assuming nothing else is changed.
CHC |
The ability to find closely correlated positions to CHC Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CHC Healthcare 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 CHC Healthcare - 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 CHC Healthcare Group to buy it.
Moving together with CHC Stock
| 0.65 | 2409 | AU Optronics | PairCorr |
| 0.64 | 2303 | United Microelectronics | PairCorr |
| 0.66 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against CHC Stock
| 0.65 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.58 | 2609 | Yang Ming Marine | PairCorr |
| 0.32 | 2615 | Wan Hai Lines | PairCorr |
Related Correlations Analysis
| 0.94 | -0.01 | -0.61 | 0.46 | 4108 | ||
| 0.94 | -0.11 | -0.76 | 0.42 | 3164 | ||
| -0.01 | -0.11 | 0.27 | -0.19 | 2534 | ||
| -0.61 | -0.76 | 0.27 | -0.35 | 1464 | ||
| 0.46 | 0.42 | -0.19 | -0.35 | 3705 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between CHC Stock performing well and CHC Healthcare 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 CHC Healthcare'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4108 | 0.75 | (0.21) | 0.00 | (0.38) | 0.00 | 1.70 | 6.49 | |||
| 3164 | 0.67 | (0.22) | 0.00 | (18.54) | 0.00 | 1.28 | 4.56 | |||
| 2534 | 1.03 | (0.01) | (0.04) | 0.09 | 1.75 | 2.95 | 10.92 | |||
| 1464 | 1.53 | 0.19 | 0.06 | 0.50 | 1.77 | 4.25 | 15.07 | |||
| 3705 | 1.06 | 0.07 | (0.06) | (0.04) | 1.50 | 2.32 | 11.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in CHC Healthcare 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?
Run Analyst Advice Now
Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |
CHC Healthcare Corporate Management
Elected by the shareholders, the CHC Healthcare's board of directors comprises two types of representatives: CHC Healthcare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CHC. The board's role is to monitor CHC Healthcare's management team and ensure that shareholders' interests are well served. CHC Healthcare'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, CHC Healthcare's outside directors are responsible for providing unbiased perspectives on the board's policies.
| MingLun Lee | Chief Officer | Profile | |
| YeeMin Jen | Chief Group | Profile | |
| YiChun Chen | Corp CFO | Profile | |
| PeiLin Lee | GM, Chairman | Profile |