Tachan Securities Correlations
6020 Stock | TWD 19.05 0.05 0.26% |
The correlation of Tachan Securities 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 Tachan Securities moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tachan Securities Co 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.
Average diversification
The correlation between Tachan Securities Co 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 Tachan Securities Co and NYA in the same portfolio, assuming nothing else is changed.
Tachan |
The ability to find closely correlated positions to Tachan Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tachan Securities 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 Tachan Securities - 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 Tachan Securities Co to buy it.
Moving together with Tachan Stock
0.85 | 2889 | IBF Financial Holdings Earnings Call Today | PairCorr |
0.9 | 6005 | Capital Securities Corp | PairCorr |
0.9 | 2855 | President Securities Corp | PairCorr |
0.76 | 2820 | China Bills Finance | PairCorr |
0.82 | 6026 | Grand Fortune Securities | PairCorr |
0.79 | 2330 | Taiwan Semiconductor | PairCorr |
0.66 | 2603 | Evergreen Marine Corp | PairCorr |
0.66 | 2412 | Chunghwa Telecom | PairCorr |
Moving against Tachan Stock
Related Correlations Analysis
0.88 | 0.84 | 0.91 | 0.85 | 0.8 | 2889 | ||
0.88 | 0.92 | 0.77 | 0.9 | 0.74 | 6005 | ||
0.84 | 0.92 | 0.78 | 0.9 | 0.89 | 2855 | ||
0.91 | 0.77 | 0.78 | 0.76 | 0.78 | 2820 | ||
0.85 | 0.9 | 0.9 | 0.76 | 0.82 | 6020 | ||
0.8 | 0.74 | 0.89 | 0.78 | 0.82 | 6026 | ||
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Risk-Adjusted Indicators
There is a big difference between Tachan Stock performing well and Tachan Securities 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 Tachan Securities' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
2889 | 1.00 | 0.38 | 0.31 | 7.78 | 0.46 | 2.72 | 11.46 | |||
6005 | 1.55 | 0.70 | 0.32 | 2.60 | 1.34 | 4.42 | 15.65 | |||
2855 | 1.45 | 0.53 | 0.21 | (1.74) | 1.51 | 3.84 | 14.86 | |||
2820 | 0.48 | 0.03 | (0.05) | 0.33 | 0.50 | 1.03 | 4.98 | |||
6020 | 0.62 | 0.07 | 0.01 | 0.46 | 0.54 | 1.58 | 5.63 | |||
6026 | 1.27 | 0.24 | 0.07 | 4.97 | 1.87 | 2.62 | 15.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tachan Securities 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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Tachan Securities Corporate Management
Elected by the shareholders, the Tachan Securities' board of directors comprises two types of representatives: Tachan Securities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tachan. The board's role is to monitor Tachan Securities' management team and ensure that shareholders' interests are well served. Tachan Securities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tachan Securities' outside directors are responsible for providing unbiased perspectives on the board's policies.
Huanxiang Zeng | Deputy Manager-Finance | Profile | |
Chen Jingyi | Chief Department | Profile | |
YuSheng Chou | VP Dept | Profile | |
ShangHsiang Hsu | VP Dept | Profile | |
Chun Li | Chief Department | Profile | |
Chen Binhui | Chief Department | Profile | |
Lin Jiajun | Chief Department | Profile |
Already Invested in Tachan Securities Co?
The danger of trading Tachan Securities Co 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 Tachan Securities 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 Tachan Securities. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Tachan Securities 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 Tachan Securities Co. 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Tachan Stock analysis
When running Tachan Securities' price analysis, check to measure Tachan Securities' 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 Tachan Securities is operating at the current time. Most of Tachan Securities' value examination focuses on studying past and present price action to predict the probability of Tachan Securities' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Tachan Securities' price. Additionally, you may evaluate how the addition of Tachan Securities to your portfolios can decrease your overall portfolio volatility.
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