Wistron NeWeb Correlations

6285 Stock  TWD 118.50  2.00  1.66%   
The current 90-days correlation between Wistron NeWeb Corp and Wha Yu Industrial is 0.17 (i.e., Average diversification). The correlation of Wistron NeWeb 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.

Wistron NeWeb Correlation With Market

Significant diversification

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

Moving against Wistron Stock

  0.423008 LARGAN PrecisionPairCorr

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   
58718437
89293419
30115871
30113466
58711568
30111568
  
High negative correlations   
89295871
58713419
89293011
30113419
34661457
89298437

Risk-Adjusted Indicators

There is a big difference between Wistron Stock performing well and Wistron NeWeb 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 Wistron NeWeb'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 Wistron NeWeb 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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Wistron NeWeb Corporate Management

Elected by the shareholders, the Wistron NeWeb's board of directors comprises two types of representatives: Wistron NeWeb inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wistron. The board's role is to monitor Wistron NeWeb's management team and ensure that shareholders' interests are well served. Wistron NeWeb'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, Wistron NeWeb's outside directors are responsible for providing unbiased perspectives on the board's policies.
HongPo HsiehChief ChairmanProfile
Fayu ChenDeputy General ManagerProfile
Amy HsuChief OfficerProfile
Larry LeeSenior Deputy General Manager, General Manager-Business GroupProfile