JOYY INCSPADR/20 Correlations
| 0YYA Stock | EUR 34.20 0.60 1.79% |
The current 90-days correlation between JOYY INCSPADR20 CLA and Meta Platforms is -0.22 (i.e., Very good diversification). The correlation of JOYY INCSPADR/20 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.
JOYY INCSPADR/20 Correlation With Market
Average diversification
The correlation between JOYY INCSPADR20 CLA and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JOYY INCSPADR20 CLA and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to JOYY INCSPADR/20 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JOYY INCSPADR/20 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 JOYY INCSPADR/20 - 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 JOYY INCSPADR20 CLA to buy it.
Moving against JOYY Stock
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JOYY INCSPADR/20 Corporate Management
Elected by the shareholders, the JOYY INCSPADR/20's board of directors comprises two types of representatives: JOYY INCSPADR/20 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JOYY. The board's role is to monitor JOYY INCSPADR/20's management team and ensure that shareholders' interests are well served. JOYY INCSPADR/20'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, JOYY INCSPADR/20's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tingzhen Xie | Investor Mang | Profile | |
| Ting Li | Chief Officer | Profile | |
| Rongjie Dong | General Manager - Games Department | Profile | |
| Fuyong Liu | Gen Fin | Profile | |
| Zhou Chen | Strategic Advisor | Profile |