Hua Nan Correlations
| 2880 Stock | TWD 22.85 0.10 0.44% |
The correlation of Hua Nan 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hua Nan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hua Nan Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Hua Nan Financial and NYA is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hua Nan Financial and NYA in the same portfolio, assuming nothing else is changed.
Hua |
The ability to find closely correlated positions to Hua Nan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hua Nan 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 Hua Nan - 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 Hua Nan Financial to buy it.
Moving together with Hua Stock
| 0.84 | 6428 | Taiwan Taomee | PairCorr |
| 0.74 | 4961 | Fitipower Integrated Earnings Call Today | PairCorr |
| 0.85 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.84 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.76 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.83 | 0053 | YuantaP shares Taiwan | PairCorr |
Moving against Hua Stock
| 0.8 | 6531 | AP Memory Technology Earnings Call Tomorrow | PairCorr |
| 0.74 | 6533 | Andes Technology Corp | PairCorr |
| 0.69 | 3552 | Tung Thih Electronic | PairCorr |
| 0.52 | 6763 | Green World Fintech | PairCorr |
Related Correlations Analysis
| 0.84 | 0.79 | 0.72 | 0.85 | 2892 | ||
| 0.84 | 0.87 | 0.84 | 0.97 | 2886 | ||
| 0.79 | 0.87 | 0.92 | 0.83 | 2891 | ||
| 0.72 | 0.84 | 0.92 | 0.82 | 2884 | ||
| 0.85 | 0.97 | 0.83 | 0.82 | 2887 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Hua Stock performing well and Hua Nan 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 Hua Nan'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2892 | 0.56 | 0.01 | (0.11) | 0.01 | 0.71 | 1.29 | 3.63 | |||
| 2886 | 0.72 | 0.01 | (0.07) | 0.33 | 0.88 | 1.38 | 3.37 | |||
| 2891 | 0.93 | 0.18 | 0.07 | (2.41) | 1.07 | 1.91 | 7.73 | |||
| 2884 | 0.66 | 0.09 | 0.01 | (27.03) | 0.76 | 1.36 | 5.85 | |||
| 2887 | 0.57 | (0.02) | 0.00 | 0.42 | 0.00 | 1.17 | 4.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hua Nan 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?
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Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
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Hua Nan Corporate Directors
Hua Nan corporate directors refer to members of a Hua Nan board of directors. The board of directors generally takes responsibility for the Hua Nan's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Hua Nan's board members must vote for the resolution. The Hua Nan board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| YunPeng Chang | General Manager, Director | Profile | |
| Anlan Chen | Director | Profile | |
| ChungYuan Hsu | Independent Director | Profile | |
| PauChu Lo | General Manager, Director | Profile |
Already Invested in Hua Nan Financial?
The danger of trading Hua Nan Financial is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hua Nan is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hua Nan. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hua Nan Financial is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Hua Nan Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Hua Stock analysis
When running Hua Nan's price analysis, check to measure Hua Nan's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hua Nan is operating at the current time. Most of Hua Nan's value examination focuses on studying past and present price action to predict the probability of Hua Nan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hua Nan's price. Additionally, you may evaluate how the addition of Hua Nan to your portfolios can decrease your overall portfolio volatility.
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