Chien Shing Correlations
| 2025 Stock | TWD 10.90 0.05 0.46% |
The current 90-days correlation between Chien Shing Stainless and Formosa Petrochemical Corp is 0.28 (i.e., Modest diversification). The correlation of Chien Shing 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.
Chien Shing Correlation With Market
Average diversification
The correlation between Chien Shing Stainless and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chien Shing Stainless and DJI in the same portfolio, assuming nothing else is changed.
Chien |
The ability to find closely correlated positions to Chien Shing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chien Shing 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 Chien Shing - 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 Chien Shing Stainless to buy it.
Moving against Chien Stock
| 0.69 | 2881A | Fubon Financial Holding | PairCorr |
| 0.67 | 2882B | Cathay Financial Holding | PairCorr |
| 0.61 | 9904 | Pou Chen Corp | PairCorr |
| 0.55 | 2881B | Fubon Financial Holding | PairCorr |
| 0.53 | 2317 | Hon Hai Precision | PairCorr |
| 0.51 | 2882A | Cathay Financial Holding | PairCorr |
| 0.47 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.45 | 2882 | Cathay Financial Holding | PairCorr |
| 0.44 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.35 | 0053 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Chien Shing 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 Price Ceiling Movement Now
Price Ceiling MovementCalculate and plot Price Ceiling Movement for different equity instruments |
| All Next | Launch Module |