Capital Securities Correlations

6005 Stock  TWD 26.95  0.05  0.19%   
The current 90-days correlation between Capital Securities Corp and President Securities Corp is 0.48 (i.e., Very weak diversification). The correlation of Capital Securities 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.

Capital Securities Correlation With Market

Good diversification

The correlation between Capital Securities Corp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Securities Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Capital Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital Securities 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 Capital Securities - 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 Capital Securities Corp to buy it.

Moving together with Capital Stock

  0.682881A Fubon Financial HoldingPairCorr
  0.622891 CTBC Financial Holding Earnings Call This WeekPairCorr
  0.722885 Yuanta Financial Holdings Earnings Call This WeekPairCorr
  0.712882B Cathay Financial HoldingPairCorr
  0.662880 Hua Nan FinancialPairCorr
  0.630050 YuantaP shares TaiwanPairCorr
  0.610057 Fubon MSCI TaiwanPairCorr

Moving against Capital Stock

  0.522886 Mega Financial Holding Earnings Call This WeekPairCorr

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   
28882885
28902887
28852855
28882855
28902855
28872855
  
High negative correlations   
28902888
28902885
28872888

Risk-Adjusted Indicators

There is a big difference between Capital Stock performing well and Capital Securities 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 Capital Securities' 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 Capital Securities 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 Competition Analyzer Now

   

Competition Analyzer

Analyze and compare many basic indicators for a group of related or unrelated entities
All  Next Launch Module

Capital Securities Corporate Management

Elected by the shareholders, the Capital Securities' board of directors comprises two types of representatives: Capital Securities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Capital. The board's role is to monitor Capital Securities' management team and ensure that shareholders' interests are well served. Capital Securities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Capital Securities' outside directors are responsible for providing unbiased perspectives on the board's policies.