Kings Town Correlations
| 2809 Stock | TWD 50.60 0.30 0.60% |
The current 90-days correlation between Kings Town Bank and Taichung Commercial Bank is 0.33 (i.e., Weak diversification). The correlation of Kings Town 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.
Kings Town Correlation With Market
Significant diversification
The correlation between Kings Town Bank and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kings Town Bank and DJI in the same portfolio, assuming nothing else is changed.
Kings |
The ability to find closely correlated positions to Kings Town could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kings Town 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 Kings Town - 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 Kings Town Bank to buy it.
Moving together with Kings Stock
Moving against Kings Stock
| 0.73 | 2881A | Fubon Financial Holding | PairCorr |
| 0.55 | 2882B | Cathay Financial Holding | PairCorr |
| 0.55 | 2317 | Hon Hai Precision | PairCorr |
| 0.5 | 2891 | CTBC Financial Holding | PairCorr |
| 0.43 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.42 | 2883 | China Development | PairCorr |
| 0.39 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.36 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.31 | 0053 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
| 0.21 | 0.52 | 0.47 | 0.02 | 2812 | ||
| 0.21 | 0.6 | 0.72 | -0.45 | 2845 | ||
| 0.52 | 0.6 | 0.73 | -0.25 | 2834 | ||
| 0.47 | 0.72 | 0.73 | -0.38 | 2890 | ||
| 0.02 | -0.45 | -0.25 | -0.38 | 2885 | ||
| 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 Kings Stock performing well and Kings Town 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 Kings Town'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2812 | 0.57 | 0.06 | (0.05) | 0.56 | 0.48 | 1.39 | 3.33 | |||
| 2845 | 0.73 | (0.09) | 0.00 | (1.40) | 0.00 | 1.14 | 3.82 | |||
| 2834 | 0.69 | (0.07) | 0.00 | (1.37) | 0.00 | 1.27 | 5.60 | |||
| 2890 | 0.93 | (0.07) | 0.00 | (2.18) | 0.00 | 1.91 | 6.36 | |||
| 2885 | 1.02 | 0.10 | (0.03) | (0.37) | 1.13 | 2.52 | 6.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kings Town 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 Companies Directory Now
Companies DirectoryEvaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
| All Next | Launch Module |
Kings Town Corporate Management
Elected by the shareholders, the Kings Town's board of directors comprises two types of representatives: Kings Town inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kings. The board's role is to monitor Kings Town's management team and ensure that shareholders' interests are well served. Kings Town'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, Kings Town's outside directors are responsible for providing unbiased perspectives on the board's policies.
| JihCheng Chang | General Manager | Profile | |
| ChienKo Yang | Corp Department | Profile | |
| QiWei You | Deputy General Manager | Profile | |
| ShuChen Tsai | VP Department | Profile | |
| ChihCheng Yu | VP Department | Profile | |
| YuHsuan Chen | Accounting Department | Profile | |
| ChingChu Pai | Chief Auditor | Profile |