Wafer Works Correlations
| 6182 Stock | TWD 44.40 6.50 17.15% |
The current 90-days correlation between Wafer Works and Taiwan Fu Hsing is 0.08 (i.e., Significant diversification). The correlation of Wafer Works 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.
Wafer Works Correlation With Market
Average diversification
The correlation between Wafer Works and NYA is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wafer Works and NYA in the same portfolio, assuming nothing else is changed.
Wafer |
The ability to find closely correlated positions to Wafer Works could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wafer Works 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 Wafer Works - 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 Wafer Works to buy it.
Moving together with Wafer Stock
| 0.76 | 2882A | Cathay Financial Holding | PairCorr |
| 0.82 | 2881A | Fubon Financial Holding | PairCorr |
| 0.8 | 2891 | CTBC Financial Holding | PairCorr |
| 0.72 | 2317 | Hon Hai Precision | PairCorr |
| 0.87 | 2888 | Shin Kong Financial | PairCorr |
| 0.72 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.71 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.74 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.72 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.73 | 0050 | YuantaP shares Taiwan | PairCorr |
Moving against Wafer Stock
Related Correlations Analysis
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Be your own money manager
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Wafer Works Corporate Management
Elected by the shareholders, the Wafer Works' board of directors comprises two types of representatives: Wafer Works inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Wafer. The board's role is to monitor Wafer Works' management team and ensure that shareholders' interests are well served. Wafer Works' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Wafer Works' outside directors are responsible for providing unbiased perspectives on the board's policies.
| LungChih Lin | Assistant Sales | Profile | |
| ChiaYu Lu | Accounting Director | Profile | |
| WeiLun Lin | Financial Director | Profile | |
| Jiao Hai | G Mang | Profile | |
| PingHai Chiao | Chairman CEO | Profile | |
| WenChung Liao | Chief Officer | Profile | |
| HsienYuan Chang | Pres Mang | Profile |