Kung Sing Correlations

5521 Stock  TWD 11.65  0.10  0.85%   
The current 90-days correlation between Kung Sing Engineering and Chien Kuo Construction is -0.12 (i.e., Good diversification). The correlation of Kung Sing 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.

Kung Sing Correlation With Market

Significant diversification

The correlation between Kung Sing Engineering and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kung Sing Engineering and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Kung Sing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kung Sing 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 Kung Sing - 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 Kung Sing Engineering to buy it.

Moving together with Kung Stock

  0.766763 Green World FintechPairCorr
  0.684413 Est Global ApparelPairCorr
  0.693128 Hi Sharp ElectronicsPairCorr
  0.680051 YuantaP shares TaiwanPairCorr

Moving against Kung Stock

  0.616223 MPI CorporationPairCorr
  0.410053 YuantaP shares TaiwanPairCorr
  0.380050 YuantaP shares TaiwanPairCorr
  0.340057 Fubon MSCI TaiwanPairCorr

Related Correlations Analysis

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   
25152538
13125515
25151312
25155515
13122538
41062515
  
High negative correlations   
41061312
41065515
25385515

Risk-Adjusted Indicators

There is a big difference between Kung Stock performing well and Kung Sing 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 Kung Sing'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 Kung Sing 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 Portfolio Analyzer Now

   

Portfolio Analyzer

Portfolio analysis module that provides access to portfolio diagnostics and optimization engine
All  Next Launch Module

Kung Sing Corporate Management

Elected by the shareholders, the Kung Sing's board of directors comprises two types of representatives: Kung Sing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kung. The board's role is to monitor Kung Sing's management team and ensure that shareholders' interests are well served. Kung Sing'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, Kung Sing's outside directors are responsible for providing unbiased perspectives on the board's policies.
YungChing LiuVice MangProfile
LiWang HuangMang DepartmentProfile
ShuChiao WenAccounting SupervisorProfile
ChiChing ChiangGM DirectorProfile