Eternal Materials Correlations
| 1717 Stock | TWD 27.85 0.05 0.18% |
The current 90-days correlation between Eternal Materials and Taiwan Fertilizer Co is 0.36 (i.e., Weak diversification). The correlation of Eternal Materials 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.
Eternal Materials Correlation With Market
Average diversification
The correlation between Eternal Materials Co and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eternal Materials Co and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Eternal Materials could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eternal Materials 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 Eternal Materials - 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 Eternal Materials Co to buy it.
Moving together with Eternal Stock
| 0.75 | 9962 | Yeou Yih Steel | PairCorr |
| 0.68 | 4108 | Phytohealth Corp | PairCorr |
| 0.89 | 5215 | Ko Ja Cayman | PairCorr |
| 0.85 | 3556 | eGalaxeMPIA Technology | PairCorr |
| 0.91 | 3257 | Champion Microelectronic | PairCorr |
| 0.86 | 3206 | Kingstate Electronics | PairCorr |
| 0.89 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Eternal Stock
| 0.91 | 2618 | Eva Airways Corp | PairCorr |
| 0.87 | 2345 | Accton Technology Corp | PairCorr |
| 0.87 | 3494 | HiTi Digital Split | PairCorr |
| 0.85 | 2610 | China Airlines | PairCorr |
| 0.85 | 5530 | Lungyen Life Service | PairCorr |
| 0.78 | 2891B | CTBC Financial Holding | PairCorr |
| 0.77 | 3008 | LARGAN Precision | PairCorr |
| 0.71 | 2454 | MediaTek | PairCorr |
| 0.69 | 1591 | Inmax Holding | PairCorr |
| 0.65 | 3323 | Celxpert Energy | PairCorr |
| 0.63 | 2609 | Yang Ming Marine | PairCorr |
| 0.61 | 1536 | Hota Industrial Mfg | PairCorr |
| 0.61 | 2881B | Fubon Financial Holding | PairCorr |
| 0.53 | 4702 | Allied Industrial | PairCorr |
| 0.5 | 8086 | Advanced Wireless | PairCorr |
| 0.44 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.31 | 6214 | Systex Corp | PairCorr |
Related Correlations Analysis
| 0.96 | 0.96 | 0.94 | 0.93 | 1722 | ||
| 0.96 | 0.98 | 0.93 | 0.96 | 1303 | ||
| 0.96 | 0.98 | 0.95 | 0.99 | 1326 | ||
| 0.94 | 0.93 | 0.95 | 0.93 | 1402 | ||
| 0.93 | 0.96 | 0.99 | 0.93 | 1710 | ||
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Risk-Adjusted Indicators
There is a big difference between Eternal Stock performing well and Eternal Materials 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 Eternal Materials' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1722 | 0.70 | (0.20) | 0.00 | (1.15) | 0.00 | 1.58 | 5.63 | |||
| 1303 | 1.56 | (0.40) | 0.00 | (0.72) | 0.00 | 4.21 | 9.91 | |||
| 1326 | 1.60 | (0.49) | 0.00 | (1.43) | 0.00 | 2.99 | 9.12 | |||
| 1402 | 1.24 | (0.25) | 0.00 | 0.74 | 0.00 | 2.25 | 9.19 | |||
| 1710 | 1.21 | (0.30) | 0.00 | (0.57) | 0.00 | 3.58 | 7.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Eternal Materials 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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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Eternal Materials Corporate Management
Elected by the shareholders, the Eternal Materials' board of directors comprises two types of representatives: Eternal Materials inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eternal. The board's role is to monitor Eternal Materials' management team and ensure that shareholders' interests are well served. Eternal Materials' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Eternal Materials' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Huikuan Mao | Deputy General Manager | Profile | |
| ChinYuan Chen | CTO, VP | Profile | |
| HuiFang Su | Accounting Officer | Profile | |
| ChinCheng Pan | COO VP | Profile | |
| JuiHsin Chu | AVP Officer | Profile | |
| HuaiKung Yang | VP Director | Profile |