TWOWAY Communications Correlations

8045 Stock  TWD 145.00  6.00  4.32%   
The current 90-days correlation between TWOWAY Communications and Level Biotechnology is 0.11 (i.e., Average diversification). The correlation of TWOWAY Communications 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.

TWOWAY Communications Correlation With Market

Modest diversification

The correlation between TWOWAY Communications and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TWOWAY Communications and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to TWOWAY Communications could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TWOWAY Communications 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 TWOWAY Communications - 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 TWOWAY Communications to buy it.

Moving together with TWOWAY Stock

  0.83558 Senao NetworksPairCorr
  0.733206 Kingstate ElectronicsPairCorr
  0.783128 Hi Sharp ElectronicsPairCorr

Moving against TWOWAY Stock

  0.674702 Allied IndustrialPairCorr
  0.518086 Advanced WirelessPairCorr
  0.42345 Accton Technology Corp Earnings Call This WeekPairCorr

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   
12316569
15934205
65693118
12313118
42054175
65694175
  
High negative correlations   
12311593
12314205
41393118
41394175
15936569
65694139

Risk-Adjusted Indicators

There is a big difference between TWOWAY Stock performing well and TWOWAY Communications 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 TWOWAY Communications' 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.

TWOWAY Communications Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with TWOWAY Communications stock to make a market-neutral strategy. Peer analysis of TWOWAY Communications could also be used in its relative valuation, which is a method of valuing TWOWAY Communications by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

TWOWAY Communications Corporate Management

Elected by the shareholders, the TWOWAY Communications' board of directors comprises two types of representatives: TWOWAY Communications inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TWOWAY. The board's role is to monitor TWOWAY Communications' management team and ensure that shareholders' interests are well served. TWOWAY Communications' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TWOWAY Communications' outside directors are responsible for providing unbiased perspectives on the board's policies.
Leo HuangDirectorProfile
JawChyuan ChuIndependent DirectorProfile
Juming LinIndependent DirectorProfile
Wenyan ZhangDeputy General Manager-Research & Development Center & Planning & Management CenterProfile
Meipei CaiHead of Finance & AccountingProfile
Guoyuan DaiGeneral Manager, DirectorProfile