Momo Correlations
| 8454 Stock | TWD 387.00 1.50 0.39% |
The current 90-days correlation between momo Inc and President Chain Store is -0.02 (i.e., Good diversification). The correlation of Momo 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.
Momo Correlation With Market
Average diversification
The correlation between momo Inc and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding momo Inc and DJI in the same portfolio, assuming nothing else is changed.
Momo |
The ability to find closely correlated positions to Momo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Momo 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 Momo - 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 momo Inc to buy it.
Moving together with Momo Stock
| 0.76 | 2597 | Ruentex Engineering | PairCorr |
| 0.65 | 8072 | AV Tech Corp | PairCorr |
| 0.71 | 3056 | ZongTai Real Estate Earnings Call Next Week | PairCorr |
| 0.81 | 2545 | Huang Hsiang Construction | PairCorr |
| 0.61 | 4438 | Quang Viet Enterprise Earnings Call This Week | PairCorr |
| 0.66 | 1712 | Sinon Corp | PairCorr |
| 0.66 | 4770 | Allied Supreme Corp | PairCorr |
| 0.64 | 3044 | Tripod Technology Corp | PairCorr |
| 0.8 | 2612 | Chinese Maritime Tra Earnings Call Next Week | PairCorr |
| 0.73 | 5520 | Lihtai Construction | PairCorr |
| 0.84 | 2852 | First Insurance | PairCorr |
| 0.75 | 4720 | Tex Year Industries | PairCorr |
| 0.86 | 2017 | Quintain Steel | PairCorr |
| 0.62 | 5289 | InnoDisk | PairCorr |
Moving against Momo Stock
| 0.47 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.45 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.44 | 0052 | Fubon Taiwan Technology | PairCorr |
| 0.43 | 2368 | Gold Circuit Electronics Earnings Call This Week | PairCorr |
| 0.41 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
| 0.58 | 0.71 | -0.14 | 0.21 | 2912 | ||
| 0.58 | 0.19 | 0.22 | 0.19 | 6415 | ||
| 0.71 | 0.19 | -0.29 | 0.18 | 8044 | ||
| -0.14 | 0.22 | -0.29 | 0.36 | 1476 | ||
| 0.21 | 0.19 | 0.18 | 0.36 | 2881 | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Momo Stock performing well and Momo 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 Momo'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2912 | 0.62 | (0.08) | 0.00 | 1.04 | 0.00 | 1.16 | 3.04 | |||
| 6415 | 2.41 | 0.14 | 0.06 | 0.16 | 2.67 | 8.26 | 14.55 | |||
| 8044 | 1.75 | (0.32) | 0.00 | 1.36 | 0.00 | 3.48 | 13.09 | |||
| 1476 | 1.04 | (0.01) | 0.00 | (0.12) | 0.00 | 2.77 | 8.43 | |||
| 2881 | 0.75 | 0.05 | 0.14 | 0.29 | 0.79 | 1.42 | 4.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Momo 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 Technical Analysis Now
Technical AnalysisCheck basic technical indicators and analysis based on most latest market data |
| All Next | Launch Module |
Momo Corporate Management
Elected by the shareholders, the Momo's board of directors comprises two types of representatives: Momo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Momo. The board's role is to monitor Momo's management team and ensure that shareholders' interests are well served. Momo'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, Momo's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jasmine Wang | Legal Director | Profile | |
| Gina Lu | VP Division | Profile | |
| Terrisa Liu | Head Relations | Profile | |
| Robinson Lin | Chief Officer | Profile |