Hung Ching Correlations
| 2527 Stock | TWD 37.80 0.65 1.69% |
The current 90-days correlation between Hung Ching Development and Huaku Development Co is 0.45 (i.e., Very weak diversification). The correlation of Hung Ching 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.
Hung Ching Correlation With Market
Good diversification
The correlation between Hung Ching Development and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hung Ching Development and DJI in the same portfolio, assuming nothing else is changed.
Hung |
The ability to find closely correlated positions to Hung Ching could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hung Ching 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 Hung Ching - 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 Hung Ching Development to buy it.
Moving together with Hung Stock
| 0.76 | 2597 | Ruentex Engineering | PairCorr |
| 0.76 | 3056 | ZongTai Real Estate | PairCorr |
| 0.65 | 2545 | Huang Hsiang Construction | PairCorr |
Moving against Hung Stock
| 0.58 | 5356 | Sirtec International | PairCorr |
| 0.46 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.45 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.38 | 1416 | Kwong Fong Industries | PairCorr |
| 0.37 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.31 | 0050 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Hung Stock performing well and Hung Ching 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 Hung Ching'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2548 | 1.45 | (0.28) | 0.00 | (1.24) | 0.00 | 2.54 | 9.90 | |||
| 9945 | 1.06 | (0.14) | 0.00 | (0.47) | 0.00 | 1.89 | 7.35 | |||
| 9933 | 0.74 | (0.26) | 0.00 | 1.89 | 0.00 | 1.66 | 5.01 | |||
| 6697 | 1.24 | 0.03 | (0.02) | 0.22 | 1.67 | 2.33 | 15.29 | |||
| 6414 | 1.05 | 0.03 | (0.05) | 0.84 | 1.38 | 2.40 | 6.74 | |||
| 2485 | 1.20 | (0.13) | 0.00 | (0.14) | 0.00 | 3.33 | 8.54 | |||
| 2712 | 0.78 | (0.26) | 0.00 | (0.72) | 0.00 | 1.34 | 8.54 | |||
| 9103 | 0.71 | (0.20) | 0.00 | (5.03) | 0.00 | 2.45 | 5.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hung Ching 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 Headlines Timeline Now
Headlines TimelineStay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
| All Next | Launch Module |
Hung Ching Corporate Management
Elected by the shareholders, the Hung Ching's board of directors comprises two types of representatives: Hung Ching inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hung. The board's role is to monitor Hung Ching's management team and ensure that shareholders' interests are well served. Hung Ching'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, Hung Ching's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChiaPei Chou | GM Director | Profile | |
| WenHsiang Chien | Chairman CEO | Profile | |
| ShunWan Pan | Assistant Department | Profile | |
| WenYuan Tsai | Assistant Department | Profile | |
| ChingHua Chen | Chief GM | Profile | |
| HsiaoWei Yao | Assistant Department | Profile | |
| ChaoHsiang Huang | Deputy Department | Profile |