Taiwan Tea Correlations
| 2913 Stock | TWD 20.60 0.30 1.44% |
The current 90-days correlation between Taiwan Tea Corp and Great Wall Enterprise is 0.41 (i.e., Very weak diversification). The correlation of Taiwan Tea 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.
Taiwan Tea Correlation With Market
Average diversification
The correlation between Taiwan Tea Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiwan Tea Corp and DJI in the same portfolio, assuming nothing else is changed.
Taiwan |
The ability to find closely correlated positions to Taiwan Tea could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiwan Tea 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 Taiwan Tea - 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 Taiwan Tea Corp to buy it.
Moving together with Taiwan Stock
Moving against Taiwan Stock
Related Correlations Analysis
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Taiwan Tea Corporate Management
Elected by the shareholders, the Taiwan Tea's board of directors comprises two types of representatives: Taiwan Tea inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Taiwan. The board's role is to monitor Taiwan Tea's management team and ensure that shareholders' interests are well served. Taiwan Tea'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, Taiwan Tea's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Weibin Huang | Deputy General Manager-Development Division | Profile | |
| Lichuan Gao | Deputy General Manager-Public Affairs Division | Profile | |
| PeiChen Huang | Ma Officer | Profile | |
| Zhiguang Yan | Director | Profile |