Fubon Financial Correlations
| 2881A Stock | TWD 63.20 0.20 0.32% |
The current 90-days correlation between Fubon Financial Holding and Excellence Optoelectronic is 0.3 (i.e., Weak diversification). The correlation of Fubon Financial 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.
Fubon Financial Correlation With Market
Good diversification
The correlation between Fubon Financial Holding and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fubon Financial Holding and DJI in the same portfolio, assuming nothing else is changed.
Fubon |
The ability to find closely correlated positions to Fubon Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fubon Financial 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 Fubon Financial - 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 Fubon Financial Holding to buy it.
Moving together with Fubon Stock
Moving against Fubon Stock
| 0.81 | 2905 | Mercuries Associates | PairCorr |
| 0.78 | 2867 | Mercuries Life Insurance | PairCorr |
| 0.7 | 0051 | YuantaP shares Taiwan | PairCorr |
| 0.5 | 2072 | Century Wind Power | 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
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Risk-Adjusted Indicators
There is a big difference between Fubon Stock performing well and Fubon Financial 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 Fubon Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 6288 | 2.17 | (0.13) | 0.00 | (1.47) | 0.00 | 5.72 | 16.11 | |||
| 2596 | 1.16 | 0.19 | 0.06 | 1.22 | 1.30 | 3.06 | 8.49 | |||
| 2516 | 2.06 | 0.51 | 0.19 | 0.95 | 2.00 | 9.32 | 16.73 | |||
| 2540 | 1.63 | (0.02) | (0.03) | 0.03 | 2.33 | 3.13 | 17.29 | |||
| 2542 | 1.26 | 0.01 | (0.04) | 0.28 | 1.52 | 3.45 | 9.06 | |||
| 3628 | 1.58 | 0.03 | (0.02) | 0.24 | 1.90 | 5.34 | 17.33 | |||
| 5515 | 1.65 | 0.25 | 0.12 | 0.56 | 1.48 | 4.68 | 23.10 |
Fubon Financial 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 Fubon Financial stock to make a market-neutral strategy. Peer analysis of Fubon Financial could also be used in its relative valuation, which is a method of valuing Fubon Financial by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fubon Financial Corporate Management
Elected by the shareholders, the Fubon Financial's board of directors comprises two types of representatives: Fubon Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fubon. The board's role is to monitor Fubon Financial's management team and ensure that shareholders' interests are well served. Fubon Financial'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, Fubon Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jingyi Liu | Senior Deputy General Manager | Profile | |
| WenCheng Yeh | Deputy General Manager | Profile | |
| HsiuHui Yuan | Director | Profile | |
| Qi Lin | Deputy General Manager | Profile | |
| Yide Sun | Deputy General Manager | Profile | |
| WeyTing Harn | CFO Pres | Profile | |
| ChiYan Cheung | Independent Director | Profile |