United Radiant Correlations

5315 Stock  TWD 23.65  0.20  0.85%   
The current 90-days correlation between United Radiant Technology and Feng Ching Metal is 0.17 (i.e., Average diversification). The correlation of United Radiant 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.

United Radiant Correlation With Market

Good diversification

The correlation between United Radiant Technology and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Radiant Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to United Radiant could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Radiant 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 United Radiant - 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 United Radiant Technology to buy it.

Moving together with United Stock

  0.722409 AU OptronicsPairCorr
  0.833481 Innolux CorpPairCorr

Moving against United Stock

  0.670050 YuantaP shares TaiwanPairCorr
  0.650053 YuantaP shares TaiwanPairCorr
  0.640057 Fubon MSCI TaiwanPairCorr
  0.623008 LARGAN PrecisionPairCorr
  0.432308 Delta ElectronicsPairCorr
  0.322317 Hon Hai PrecisionPairCorr
  0.324938 Pegatron CorpPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between United Stock performing well and United Radiant 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 United Radiant'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 United Radiant 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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United Radiant Corporate Management

Elected by the shareholders, the United Radiant's board of directors comprises two types of representatives: United Radiant inside directors who are chosen from within the company, and outside directors, selected externally and held independent of United. The board's role is to monitor United Radiant's management team and ensure that shareholders' interests are well served. United Radiant'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, United Radiant's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ye FangPres DirectorProfile
Zhu YuanHead DivisionProfile
Xu YunHead DivisionProfile
Chen NanHead DivisionProfile
Wang MinHead DivisionProfile
Liu ZhongEx DirectorProfile
Lin RuChief OfficerProfile