Cheng Loong Correlations
| 1904 Stock | TWD 21.70 0.25 1.14% |
The current 90-days correlation between Cheng Loong Corp and YFY Inc is 0.72 (i.e., Poor diversification). The correlation of Cheng Loong 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.
Cheng Loong Correlation With Market
Significant diversification
The correlation between Cheng Loong Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cheng Loong Corp and DJI in the same portfolio, assuming nothing else is changed.
Cheng |
The ability to find closely correlated positions to Cheng Loong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cheng Loong 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 Cheng Loong - 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 Cheng Loong Corp to buy it.
Moving together with Cheng Stock
Moving against Cheng Stock
| 0.81 | 9904 | Pou Chen Corp | PairCorr |
| 0.75 | 2881A | Fubon Financial Holding | PairCorr |
| 0.59 | 2882B | Cathay Financial Holding | PairCorr |
| 0.43 | 2881B | Fubon Financial Holding | PairCorr |
| 0.34 | 2317 | Hon Hai Precision | PairCorr |
| 0.33 | 2882A | Cathay Financial Holding | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Cheng Stock performing well and Cheng Loong 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 Cheng Loong'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1907 | 0.97 | 0.01 | (0.08) | 0.05 | 1.45 | 2.07 | 7.45 | |||
| 1909 | 1.11 | (0.20) | 0.00 | (0.60) | 0.00 | 2.21 | 11.21 | |||
| 1905 | 1.24 | (0.12) | 0.00 | (0.42) | 0.00 | 3.00 | 9.19 | |||
| 1303 | 1.34 | (0.31) | 0.00 | (0.48) | 0.00 | 2.85 | 10.09 | |||
| 1101 | 0.64 | 0.01 | (0.12) | 0.25 | 0.76 | 1.55 | 3.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cheng Loong 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 Economic Indicators Now
Economic IndicatorsTop statistical indicators that provide insights into how an economy is performing |
| All Next | Launch Module |
Cheng Loong Corporate Management
Elected by the shareholders, the Cheng Loong's board of directors comprises two types of representatives: Cheng Loong inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cheng. The board's role is to monitor Cheng Loong's management team and ensure that shareholders' interests are well served. Cheng Loong'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, Cheng Loong's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChingHuei Yu | VP Director | Profile | |
| TaiLang Ho | Head Spokesperson | Profile | |
| JenMing Cheng | Chairperson CEO | Profile | |
| TsengFu Hou | Head Division | Profile | |
| SuYun MBA | Deputy Chairman | Profile | |
| KunMing Yang | Chief Division | Profile | |
| HsiangChu Lin | Head Spokesperson | Profile |