Zig Sheng Correlations
| 1455 Stock | TWD 10.05 0.05 0.50% |
The current 90-days correlation between Zig Sheng Industrial and Chailease Holding Co is 0.38 (i.e., Weak diversification). The correlation of Zig Sheng 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.
Zig Sheng Correlation With Market
Good diversification
The correlation between Zig Sheng Industrial and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Zig Sheng Industrial and DJI in the same portfolio, assuming nothing else is changed.
Zig |
The ability to find closely correlated positions to Zig Sheng could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zig Sheng 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 Zig Sheng - 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 Zig Sheng Industrial to buy it.
Moving together with Zig Stock
| 0.76 | 1438 | SanDi Properties | PairCorr |
| 0.68 | 1516 | Falcon Power Split | PairCorr |
| 0.86 | 6785 | Alar Pharmaceuticals | PairCorr |
| 0.61 | 1435 | Chung Fu Tex | PairCorr |
| 0.9 | 1423 | Reward Wool Industry | PairCorr |
| 0.82 | 3465 | New Advanced Electronics | PairCorr |
| 0.91 | 4174 | OBI Pharma | PairCorr |
| 0.87 | 9902 | Tidehold Development | PairCorr |
| 0.92 | 1713 | Cathay Chemical Works | PairCorr |
Moving against Zig Stock
| 0.67 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.65 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.58 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.39 | 2504 | Goldsun Building Mat | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Zig Stock performing well and Zig Sheng 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 Zig Sheng'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2330 | 1.29 | 0.08 | 0.01 | 0.30 | 1.56 | 2.87 | 9.09 | |||
| 2317 | 1.43 | 0.20 | 0.02 | (0.43) | 1.65 | 3.01 | 8.59 | |||
| 2454 | 1.83 | 0.09 | 0.00 | 0.39 | 2.13 | 4.05 | 11.13 | |||
| 2412 | 0.39 | (0.01) | 0.00 | 11.25 | 0.00 | 0.82 | 2.43 | |||
| 5871 | 1.57 | (0.26) | 0.00 | 2.60 | 0.00 | 2.96 | 17.57 | |||
| 2308 | 1.37 | (0.07) | 0.00 | (0.03) | 0.00 | 2.84 | 11.60 | |||
| 6505 | 1.45 | (0.42) | 0.00 | 2.41 | 0.00 | 2.89 | 9.39 | |||
| 2887E | 0.16 | (0.02) | 0.00 | (1.22) | 0.00 | 0.39 | 1.17 | |||
| 2886 | 0.61 | 0.03 | (0.09) | (1.38) | 0.95 | 1.15 | 3.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Zig Sheng 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 Money Flow Index Now
Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
| All Next | Launch Module |
Zig Sheng Corporate Management
Elected by the shareholders, the Zig Sheng's board of directors comprises two types of representatives: Zig Sheng inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zig. The board's role is to monitor Zig Sheng's management team and ensure that shareholders' interests are well served. Zig Sheng'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, Zig Sheng's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nengyuan You | Independent Director | Profile | |
| PatHuang Su | Pres Director | Profile | |
| TsungHao Yeh | VP Director | Profile | |
| Yulun Ou | Independent Director | Profile |