Shieh Yih Correlations
| 4533 Stock | TWD 39.60 0.40 1.00% |
The current 90-days correlation between Shieh Yih Machinery and Wan Hai Lines is 0.3 (i.e., Weak diversification). The correlation of Shieh Yih 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.
Shieh Yih Correlation With Market
Significant diversification
The correlation between Shieh Yih Machinery and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shieh Yih Machinery and DJI in the same portfolio, assuming nothing else is changed.
Shieh |
The ability to find closely correlated positions to Shieh Yih could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shieh Yih 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 Shieh Yih - 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 Shieh Yih Machinery to buy it.
Moving together with Shieh Stock
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| 0.79 | 0051 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
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Be your own money manager
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Shieh Yih Corporate Management
Elected by the shareholders, the Shieh Yih's board of directors comprises two types of representatives: Shieh Yih inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shieh. The board's role is to monitor Shieh Yih's management team and ensure that shareholders' interests are well served. Shieh Yih'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, Shieh Yih's outside directors are responsible for providing unbiased perspectives on the board's policies.
| TsuiHua Wu | VP Division | Profile | |
| Michael Madden | Pres SeyiAmerica | Profile | |
| Lanny Griffin | Pres Inc | Profile | |
| Yahui Kuo | Chairman Officer | Profile | |
| Elaine Wu | Chief VP | Profile |