YoungQin International Correlations
| 2755 Stock | TWD 99.60 0.40 0.40% |
The current 90-days correlation between YoungQin International and Gourmet Master Co is 0.07 (i.e., Significant diversification). The correlation of YoungQin International 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.
YoungQin International Correlation With Market
Significant diversification
The correlation between YoungQin International Co and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YoungQin International Co and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to YoungQin International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YoungQin International 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 YoungQin International - 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 YoungQin International Co to buy it.
Moving against YoungQin Stock
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| 0.55 | 3465 | New Advanced Electronics | PairCorr |
| 0.5 | 9902 | Tidehold Development | PairCorr |
| 0.48 | 2752 | Tofu Restaurant | PairCorr |
| 0.47 | 1423 | Reward Wool Industry | PairCorr |
| 0.36 | 2729 | TTFB | PairCorr |
| 0.35 | 1438 | SanDi Properties | PairCorr |
Related Correlations Analysis
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YoungQin International Corporate Management
Elected by the shareholders, the YoungQin International's board of directors comprises two types of representatives: YoungQin International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of YoungQin. The board's role is to monitor YoungQin International's management team and ensure that shareholders' interests are well served. YoungQin International'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, YoungQin International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Guoxiong Wang | Director | Profile | |
| WenJeng Lin | Independent Director | Profile | |
| Xukui Huang | Assistant General Manager-Finance | Profile | |
| Liling Lin | Deputy General Manager-Operating Center, Director | Profile | |
| Duanxun Gao | Independent Director | Profile | |
| Yuanyu Zhuo | Chairman of the Board, General Manager | Profile |