Kuo Yang Correlations
| 2505 Stock | TWD 20.75 0.20 0.97% |
The current 90-days correlation between Kuo Yang Construction and Kindom Construction Corp is 0.36 (i.e., Weak diversification). The correlation of Kuo Yang 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.
Kuo Yang Correlation With Market
Average diversification
The correlation between Kuo Yang Construction 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 Kuo Yang Construction and DJI in the same portfolio, assuming nothing else is changed.
Kuo |
The ability to find closely correlated positions to Kuo Yang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kuo Yang 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 Kuo Yang - 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 Kuo Yang Construction to buy it.
Moving together with Kuo Stock
Related Correlations Analysis
| 0.78 | 0.91 | 0.68 | 0.48 | 2520 | ||
| 0.78 | 0.66 | 0.82 | 0.73 | 2501 | ||
| 0.91 | 0.66 | 0.66 | 0.37 | 2542 | ||
| 0.68 | 0.82 | 0.66 | 0.75 | 2534 | ||
| 0.48 | 0.73 | 0.37 | 0.75 | 2548 | ||
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Risk-Adjusted Indicators
There is a big difference between Kuo Stock performing well and Kuo Yang 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 Kuo Yang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2520 | 1.62 | 0.13 | 0.03 | 0.55 | 2.08 | 3.01 | 10.47 | |||
| 2501 | 1.01 | (0.14) | 0.00 | (0.58) | 0.00 | 2.15 | 6.96 | |||
| 2542 | 1.24 | 0.07 | (0.01) | 0.74 | 1.47 | 3.50 | 9.06 | |||
| 2534 | 1.01 | (0.12) | 0.00 | 3.58 | 0.00 | 2.97 | 11.06 | |||
| 2548 | 1.56 | (0.09) | 0.00 | (1.28) | 0.00 | 3.02 | 11.56 |
Kuo Yang 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 Kuo Yang stock to make a market-neutral strategy. Peer analysis of Kuo Yang could also be used in its relative valuation, which is a method of valuing Kuo Yang by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kuo Yang Corporate Management
Elected by the shareholders, the Kuo Yang's board of directors comprises two types of representatives: Kuo Yang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kuo. The board's role is to monitor Kuo Yang's management team and ensure that shareholders' interests are well served. Kuo Yang'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, Kuo Yang's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChengI Wang | Assistant Mang | Profile | |
| Shao Peng | President | Profile | |
| Xiao He | VP Department | Profile | |
| MengHui Lien | Assistant Division | Profile |