Yieh United Correlations
| 9957 Stock | TWD 6.35 0.06 0.95% |
The current 90-days correlation between Yieh United Steel and Formosa Petrochemical Corp is 0.02 (i.e., Significant diversification). The correlation of Yieh United 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.
Yieh United Correlation With Market
Good diversification
The correlation between Yieh United Steel and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yieh United Steel and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Yieh United could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yieh United 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 Yieh United - 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 Yieh United Steel to buy it.
Moving together with Yieh Stock
Moving against Yieh Stock
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Yieh United Corporate Management
Elected by the shareholders, the Yieh United's board of directors comprises two types of representatives: Yieh United inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yieh. The board's role is to monitor Yieh United's management team and ensure that shareholders' interests are well served. Yieh United'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, Yieh United's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jiazhen Wang | Deputy General Manager-Rolling | Profile | |
| Rong Zeng | VP Admin | Profile | |
| Zhenhui Huang | Deputy General Manager-Steelmaking | Profile | |
| Yinzhen Wang | Assistant General Manager-Finance | Profile |