Yang Ming Correlations
| 2609 Stock | TWD 68.80 1.00 1.43% |
The current 90-days correlation between Yang Ming Marine and Evergreen Marine Corp is 0.79 (i.e., Poor diversification). The correlation of Yang Ming 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.
Yang Ming Correlation With Market
Good diversification
The correlation between Yang Ming Marine and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yang Ming Marine and DJI in the same portfolio, assuming nothing else is changed.
Yang |
The ability to find closely correlated positions to Yang Ming could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yang Ming 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 Yang Ming - 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 Yang Ming Marine to buy it.
Moving together with Yang Stock
| 0.67 | 3323 | Celxpert Energy | PairCorr |
| 0.84 | 5530 | Lungyen Life Service | PairCorr |
| 0.63 | 3494 | HiTi Digital Split | PairCorr |
| 0.62 | 1536 | Hota Industrial Mfg | PairCorr |
| 0.73 | 2345 | Accton Technology Corp | PairCorr |
| 0.8 | 2610 | China Airlines | PairCorr |
| 0.7 | 2618 | Eva Airways Corp | PairCorr |
| 0.62 | 6214 | Systex Corp | PairCorr |
Moving against Yang Stock
| 0.66 | 6144 | Deltamac Taiwan | PairCorr |
| 0.66 | 5432 | Data International | PairCorr |
| 0.56 | 2227 | Yulon Nissan Motor | PairCorr |
| 0.5 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.45 | 1235 | Shin Tai Industry | PairCorr |
| 0.43 | 3219 | Service Quality Tech | PairCorr |
| 0.37 | 2712 | FarGlory Hotel | PairCorr |
| 0.31 | 2923 | Sino Horizon Holdings | PairCorr |
| 0.31 | 6020 | Tachan Securities | PairCorr |
Related Correlations Analysis
| 0.15 | 0.63 | 0.5 | -0.19 | 2603 | ||
| 0.15 | -0.61 | -0.68 | 0.82 | 2615 | ||
| 0.63 | -0.61 | 0.95 | -0.77 | 2610 | ||
| 0.5 | -0.68 | 0.95 | -0.89 | 2618 | ||
| -0.19 | 0.82 | -0.77 | -0.89 | 2002 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Yang Stock performing well and Yang Ming 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 Yang Ming'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2603 | 1.50 | 0.07 | 0.02 | (0.14) | 2.16 | 3.62 | 12.55 | |||
| 2615 | 1.70 | (0.16) | 0.00 | 0.82 | 0.00 | 3.24 | 15.72 | |||
| 2610 | 1.15 | 0.29 | 0.21 | 1.58 | 1.00 | 2.47 | 9.93 | |||
| 2618 | 1.27 | 0.38 | 0.22 | 1.68 | 1.20 | 2.91 | 8.31 | |||
| 2002 | 0.91 | (0.22) | 0.00 | (0.74) | 0.00 | 1.81 | 6.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Yang Ming 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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Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
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Yang Ming Corporate Management
Elected by the shareholders, the Yang Ming's board of directors comprises two types of representatives: Yang Ming inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yang. The board's role is to monitor Yang Ming's management team and ensure that shareholders' interests are well served. Yang Ming'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, Yang Ming's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ShihChou Lee | Ex VP | Profile | |
| YeoungShuenn Ho | GM VP | Profile | |
| YuHsien Lin | Chief VP | Profile | |
| HsiuChi Ho | Sr Officer | Profile | |
| MeiChi Shih | Chief Administrative Officer | Profile | |
| YuWen Su | VP CFO | Profile | |
| DerShi Tsao | CIO, Deputy General Manager | Profile |