Yageo Corp Correlations

2327 Stock

TWD 537.00 6.00 1.13%

The current 90-days correlation between Yageo Corp and Wei Chuan Foods is 0.29 (i.e., Modest diversification). The correlation of Yageo Corp 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.

Yageo Corp Correlation With Market

Good diversification

The correlation between Yageo Corp and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yageo Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Yageo Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yageo Corp 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 Yageo Corp - 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 Yageo Corp to buy it.

Moving together with Yageo Stock

0.81	6144	Deltamac Taiwan	Pair Corr
0.61	2227	Yulon Nissan Motor	Pair Corr
0.77	6579	AAEON Technology	Pair Corr
0.63	5432	Data International	Pair Corr
0.69	0051	YuantaP shares Taiwan	Pair Corr

Related Correlations Analysis

	1201	2428	9935	4772	2393	8042	1231
1201		0.26	0.33	-0.66	-0.54	0.49	-0.58	1201
2428	0.26		0.86	-0.06	0.11	-0.27	-0.62	2428
9935	0.33	0.86		-0.26	0.0	-0.37	-0.79	9935
4772	-0.66	-0.06	-0.26		0.45	-0.28	0.65	4772
2393	-0.54	0.11	0.0	0.45		-0.32	0.41	2393
8042	0.49	-0.27	-0.37	-0.28	-0.32		0.19	8042
1231	-0.58	-0.62	-0.79	0.65	0.41	0.19		1231
	1201	2428	9935	4772	2393	8042	1231

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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

9935	+ 0.86	2428
1231	+ 0.65	4772
8042	+ 0.49	1201
2393	+ 0.45	4772
1231	+ 0.41	2393
9935	+ 0.33	1201

High negative correlations

1231	- 0.79	9935
4772	- 0.66	1201
1231	- 0.62	2428
1231	- 0.58	1201
2393	- 0.54	1201
8042	- 0.37	9935

Risk-Adjusted Indicators

There is a big difference between Yageo Stock performing well and Yageo Corp 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 Yageo Corp'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
1201	0.34	(0.02)	0.00	0.34	0.00	0.00	0.83	(0.84)	3.31
2428	0.99	(0.07)	0.00	(1.21)	0.00	0.00	2.53	(2.52)	6.50
9935	1.39	(0.27)	0.00	(0.35)	0.00	0.00	2.94	(3.19)	9.60
4772	1.89	0.64	0.33	2.17	1.13	(2.60)	5.88	(2.28)	13.68
2393	1.60	0.07	(0.01)	1.08	2.38	(1.55)	2.97	(3.76)	10.65
8042	2.54	0.20	0.03	1.13	3.30	(3.11)	9.89	(6.37)	20.33
1231	1.28	0.41	0.18	2.38	1.22	(1.63)	3.11	(3.08)	8.29

Yageo Corp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Yageo Corp stock to make a market-neutral strategy. Peer analysis of Yageo Corp could also be used in its relative valuation, which is a method of valuing Yageo Corp by comparing valuation metrics with similar companies.

Wei Chuan Foods Thinking Electronic Industrial Ching Feng Home Taiwan Speciality Chemicals Everlight Electronics Co Taiwan Chinsan Electronic Lian Hwa Foods American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

Yageo Corp Corporate Management

Elected by the shareholders, the Yageo Corp's board of directors comprises two types of representatives: Yageo Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yageo. The board's role is to monitor Yageo Corp's management team and ensure that shareholders' interests are well served. Yageo Corp'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, Yageo Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.

Y Yang	Chief Officer	Profile
Daniel Chen	Group Counsel	Profile
Wenxiang Yang	Accounting Spokesperson	Profile
Eddie Chen	Chief Officer	Profile
Susan Barkal	Chief Officer	Profile
DengRue Wang	CEO Director	Profile
Pr Fujimoto	Chief Officer	Profile

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