Long Chen Correlations
| 1909 Stock | TWD 12.30 0.05 0.40% |
The current 90-days correlation between Long Chen Paper and Formosa Petrochemical Corp is 0.63 (i.e., Poor diversification). The correlation of Long Chen 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.
Long Chen Correlation With Market
Average diversification
The correlation between Long Chen Paper and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Long Chen Paper and DJI in the same portfolio, assuming nothing else is changed.
Long |
The ability to find closely correlated positions to Long Chen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Long Chen 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 Long Chen - 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 Long Chen Paper to buy it.
Moving together with Long Stock
Moving against Long Stock
| 0.61 | 9904 | Pou Chen Corp | PairCorr |
| 0.56 | 2881A | Fubon Financial Holding | PairCorr |
| 0.39 | 2882B | Cathay Financial Holding | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Long Chen 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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Long Chen Corporate Management
Elected by the shareholders, the Long Chen's board of directors comprises two types of representatives: Long Chen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Long. The board's role is to monitor Long Chen's management team and ensure that shareholders' interests are well served. Long Chen'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, Long Chen's outside directors are responsible for providing unbiased perspectives on the board's policies.
| YenMi Lin | Chief Officer | Profile | |
| KuoShan Wu | Chief Officer | Profile | |
| ChihMing Tan | VP | Profile | |
| YingPin Cheng | Chairman Pres | Profile | |
| TienTsung Lin | VP | Profile | |
| JuiJung Wang | CFO Division | Profile | |
| Bradley Hinds | Ex VP | Profile |