Ever Clear Correlations
| 6624 Stock | TWD 37.10 0.25 0.67% |
The current 90-days correlation between Ever Clear Environme and Cleanaway Co is 0.23 (i.e., Modest diversification). The correlation of Ever Clear 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.
Ever Clear Correlation With Market
Good diversification
The correlation between Ever Clear Environmental Eng and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ever Clear Environmental Eng and DJI in the same portfolio, assuming nothing else is changed.
Ever |
The ability to find closely correlated positions to Ever Clear could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ever Clear 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 Ever Clear - 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 Ever Clear Environmental Eng to buy it.
Moving together with Ever Stock
| 0.75 | 8422 | Cleanaway | PairCorr |
| 0.82 | 6803 | ECOVE Environment Corp | PairCorr |
| 0.78 | 8473 | Forest Water Environ Split | PairCorr |
| 0.79 | 8440 | EE Recycling | PairCorr |
| 0.76 | 2002A | China Steel Corp | PairCorr |
Moving against Ever Stock
| 0.78 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.75 | 2609 | Yang Ming Marine | PairCorr |
| 0.45 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.44 | 2317 | Hon Hai Precision | PairCorr |
| 0.44 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.43 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.42 | 2454 | MediaTek | PairCorr |
| 0.35 | 2615 | Wan Hai Lines | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Ever Stock performing well and Ever Clear 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 Ever Clear'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 8422 | 0.47 | (0.08) | 0.00 | 1.40 | 0.00 | 0.55 | 6.99 | |||
| 9917 | 1.04 | (0.22) | 0.00 | (0.62) | 0.00 | 1.46 | 8.15 | |||
| 1232 | 0.69 | (0.04) | 0.00 | (0.11) | 0.00 | 1.38 | 6.94 | |||
| 1264 | 0.30 | (0.09) | 0.00 | (20.25) | 0.00 | 0.63 | 1.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ever Clear 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?
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Ever Clear Corporate Management
Elected by the shareholders, the Ever Clear's board of directors comprises two types of representatives: Ever Clear inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ever. The board's role is to monitor Ever Clear's management team and ensure that shareholders' interests are well served. Ever Clear'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, Ever Clear's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jiaqing He | Chairman of the Board | Profile | |
| Meizhen Wu | Head of Accounting | Profile | |
| Xiangqi Zhang | General Manager, Chief Business Officer, Director | Profile | |
| Guangming Zhuo | Director | Profile | |
| Renrui Liao | Director | Profile | |
| Conglong Zhu | Independent Director | Profile | |
| Mingjun Lu | Independent Director | Profile |