| 5515 Stock | | | TWD 27.85 0.05 0.18% |
The current 90-days correlation between Chien Kuo Construction and Wan Hai Lines is 0.18 (i.e., Average diversification). The correlation of Chien Kuo 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.
Chien Kuo Correlation With Market
Good diversification
The correlation between Chien Kuo Construction and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chien Kuo Construction and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Chien Kuo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chien Kuo 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 Chien Kuo - 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 Chien Kuo Construction to buy it.
Moving against Chien Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Chien Stock performing well and Chien Kuo 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 Chien Kuo'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 Chien Kuo 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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Chien Kuo Corporate Management
Elected by the shareholders, the Chien Kuo's board of directors comprises two types of representatives: Chien Kuo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chien. The board's role is to monitor Chien Kuo's management team and ensure that shareholders' interests are well served. Chien Kuo'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, Chien Kuo's outside directors are responsible for providing unbiased perspectives on the board's policies.