Century Iron Correlations
| 9958 Stock | TWD 181.00 1.00 0.56% |
The current 90-days correlation between Century Iron And and Formosa Petrochemical Corp is 0.19 (i.e., Average diversification). The correlation of Century Iron 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.
Century Iron Correlation With Market
Significant diversification
The correlation between Century Iron And and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Century Iron And and DJI in the same portfolio, assuming nothing else is changed.
Century |
The ability to find closely correlated positions to Century Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Iron 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 Century Iron - 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 Century Iron And to buy it.
Moving together with Century Stock
Moving against Century Stock
| 0.8 | 2881A | Fubon Financial Holding | PairCorr |
| 0.79 | 9904 | Pou Chen Corp | PairCorr |
| 0.59 | 2882B | Cathay Financial Holding | PairCorr |
| 0.37 | 2317 | Hon Hai Precision | PairCorr |
Related Correlations Analysis
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Century Iron Corporate Management
Elected by the shareholders, the Century Iron's board of directors comprises two types of representatives: Century Iron inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Century. The board's role is to monitor Century Iron's management team and ensure that shareholders' interests are well served. Century Iron'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, Century Iron's outside directors are responsible for providing unbiased perspectives on the board's policies.
| WenHsiang Lai | Chairman | Profile | |
| YuCheng Lee | Gen Department | Profile | |
| ShengYuan Qu | Treasurer Mang | Profile | |
| MingCheng Lin | GM Director | Profile | |
| Jun Lai | Ex VP | Profile | |
| Wen Bo | Head Assistant | Profile | |
| ChunCheng Lai | Ex VP | Profile |