Asia Cement Correlations
| 1102 Stock | TWD 45.10 0.40 0.88% |
The current 90-days correlation between Asia Cement Corp and Taiwan Cement Corp is 0.38 (i.e., Weak diversification). The correlation of Asia Cement 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.
Asia Cement Correlation With Market
Good diversification
The correlation between Asia Cement Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asia Cement Corp and DJI in the same portfolio, assuming nothing else is changed.
Asia |
The ability to find closely correlated positions to Asia Cement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Cement 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 Asia Cement - 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 Asia Cement Corp to buy it.
Moving together with Asia Stock
| 0.67 | 9962 | Yeou Yih Steel | PairCorr |
| 0.77 | 2412 | Chunghwa Telecom | PairCorr |
| 0.79 | 6505 | Formosa Petrochemical | PairCorr |
| 0.83 | 2886 | Mega Financial Holding | PairCorr |
| 0.88 | 6266 | Top Union Electronics | PairCorr |
Moving against Asia Stock
| 0.86 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.82 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.8 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.79 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.61 | 2308 | Delta Electronics | PairCorr |
| 0.46 | 2317 | Hon Hai Precision | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Asia Stock performing well and Asia Cement 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 Asia Cement'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1101 | 0.90 | 0.00 | 0.06 | (0.33) | 0.98 | 2.42 | 8.05 | |||
| 1402 | 1.00 | 0.04 | 0.07 | (0.42) | 1.43 | 2.11 | 7.47 | |||
| 1216 | 0.96 | (0.07) | 0.00 | 0.18 | 0.00 | 1.66 | 5.10 | |||
| 1303 | 1.97 | (0.09) | 0.00 | (0.18) | 0.00 | 5.65 | 13.28 | |||
| 1301 | 2.18 | 0.02 | 0.00 | (0.03) | 0.00 | 5.07 | 13.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Asia Cement 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?
Run Commodity Channel Now
Commodity ChannelUse Commodity Channel Index to analyze current equity momentum |
| All Next | Launch Module |
Asia Cement Corporate Management
Elected by the shareholders, the Asia Cement's board of directors comprises two types of representatives: Asia Cement inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asia. The board's role is to monitor Asia Cement's management team and ensure that shareholders' interests are well served. Asia Cement'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, Asia Cement's outside directors are responsible for providing unbiased perspectives on the board's policies.