China General Correlations
| 1305 Stock | TWD 12.55 0.15 1.21% |
The current 90-days correlation between China General Plastics and Asia Polymer Corp is 0.61 (i.e., Poor diversification). The correlation of China General 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.
China General Correlation With Market
Significant diversification
The correlation between China General Plastics and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding China General Plastics and DJI in the same portfolio, assuming nothing else is changed.
China |
The ability to find closely correlated positions to China General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace China General 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 China General - 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 China General Plastics to buy it.
Moving together with China Stock
| 0.74 | 9962 | Yeou Yih Steel | PairCorr |
| 0.8 | 2474 | Catcher Technology | PairCorr |
| 0.82 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against China Stock
| 0.89 | 3008 | LARGAN Precision | PairCorr |
| 0.86 | 6669 | Wiwynn Corp | PairCorr |
| 0.83 | 6510 | Chunghwa Precision Test | PairCorr |
| 0.82 | 5269 | Asmedia Technology | PairCorr |
| 0.8 | 2454 | MediaTek | PairCorr |
| 0.46 | 2357 | Asustek Computer | PairCorr |
| 0.45 | 4966 | Parade Technologies Earnings Call This Week | PairCorr |
| 0.41 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.37 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between China Stock performing well and China General 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 China General'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1308 | 1.84 | (0.18) | 0.00 | 1.94 | 0.00 | 4.76 | 15.86 | |||
| 1304 | 1.72 | (0.29) | 0.00 | (7.56) | 0.00 | 3.57 | 15.12 | |||
| 1312 | 1.14 | (0.16) | 0.00 | (0.79) | 0.00 | 2.34 | 7.35 | |||
| 1310 | 1.10 | (0.33) | 0.00 | (1.60) | 0.00 | 2.41 | 7.87 | |||
| 1309 | 1.41 | (0.52) | 0.00 | (2.13) | 0.00 | 2.75 | 8.47 |
China General Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with China General stock to make a market-neutral strategy. Peer analysis of China General could also be used in its relative valuation, which is a method of valuing China General by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
China General Corporate Management
Elected by the shareholders, the China General's board of directors comprises two types of representatives: China General inside directors who are chosen from within the company, and outside directors, selected externally and held independent of China. The board's role is to monitor China General's management team and ensure that shareholders' interests are well served. China General'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, China General's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChiHong Hu | Deputy Mang | Profile | |
| HuiXue Wu | Director Department | Profile | |
| WanYu Chen | Director Division | Profile | |
| ChienChou Kuo | Ma Department | Profile | |
| Kang Chiang | Chief Auditor | Profile |