Lungyen Life Correlations

Stocks . Taiwan . 
Stock . Lungyen Life Service
5530 Stock  TWD 54.30  0.50  0.91%   
The current 90-days correlation between Lungyen Life Service and Cleanaway Co is -0.03 (i.e., Good diversification). The correlation of Lungyen Life 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.

Lungyen Life Correlation With Market

Good diversification

The correlation between Lungyen Life Service and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lungyen Life Service and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lungyen Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lungyen Life 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 Lungyen Life - 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 Lungyen Life Service to buy it.

Moving together with Lungyen Stock

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  0.792881A Fubon Financial HoldingPairCorr
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  0.613019 Asia OpticalPairCorr
  0.893036A WT MicroelectronicsPairCorr
  0.632883B CHINA DEVELOPMENTPairCorr
  0.851231 Lian Hwa FoodsPairCorr
  0.912345 Accton Technology CorpPairCorr
  0.742883 China DevelopmentPairCorr
  0.745269 Asmedia TechnologyPairCorr
  0.612356 Inventec CorpPairCorr
  0.682850 Shinkong InsurancePairCorr
  0.685315 United Radiant TechnologyPairCorr
  0.928284 Mitake InformationPairCorr
  0.82891B CTBC Financial HoldingPairCorr
  0.942618 Eva Airways CorpPairCorr
  0.866669 Wiwynn CorpPairCorr
  0.822379 Realtek SemiconductorPairCorr

Moving against Lungyen Stock

  0.412317 Hon Hai PrecisionPairCorr
  0.790051 YuantaP shares TaiwanPairCorr
  0.611590 Airtac InternationalPairCorr

Related Correlations Analysis

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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   
5904
+ 0.86
2707
2707
+ 0.83
8422
5904
+ 0.81
8422
1227
+ 0.64
5904
1227
+ 0.62
8422
1227
+ 0.59
2707
  
High negative correlations   
5904
- 0.56
1565
1227
- 0.4
1565
1565
- 0.32
8422
2707
- 0.3
1565

Risk-Adjusted Indicators

There is a big difference between Lungyen Stock performing well and Lungyen Life 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 Lungyen Life'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 Lungyen Life 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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Lungyen Life Corporate Management

Elected by the shareholders, the Lungyen Life's board of directors comprises two types of representatives: Lungyen Life inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lungyen. The board's role is to monitor Lungyen Life's management team and ensure that shareholders' interests are well served. Lungyen Life'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, Lungyen Life's outside directors are responsible for providing unbiased perspectives on the board's policies.
AnTzu NiuDeputy General Manager-Marketing DivisionProfile
Kelly LeeChairman CEOProfile
HsingWen WanFinancial DivisionProfile
ChunNing HsuMa OfficerProfile
HsingYen HuangAssistant DivisionProfile
Huijuan JianDeputy General Manager-Purchase DivisionProfile
YungCheng ChenAssistant DivisionProfile
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