Emerging Display Correlations

3038 Stock  TWD 26.95  0.10  0.37%   
The current 90-days correlation between Emerging Display Tec and In Win Development is 0.11 (i.e., Average diversification). The correlation of Emerging Display 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.

Emerging Display Correlation With Market

Significant diversification

The correlation between Emerging Display Technologies 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 Emerging Display Technologies and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Emerging Display could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emerging Display 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 Emerging Display - 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 Emerging Display Technologies to buy it.

Moving together with Emerging Stock

  0.613323 Celxpert EnergyPairCorr

Moving against Emerging Stock

  0.434768 IngentecPairCorr
  0.370051 YuantaP shares TaiwanPairCorr
  0.346763 Green World FintechPairCorr

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   
30466117
30053701
30463701
61173701
30056117
37013515
  
High negative correlations   
30053515
61173515
30463515

Risk-Adjusted Indicators

There is a big difference between Emerging Stock performing well and Emerging Display 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 Emerging Display'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Emerging Display 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 Top Crypto Exchanges Now

   

Top Crypto Exchanges

Search and analyze digital assets across top global cryptocurrency exchanges
All  Next Launch Module

Emerging Display Corporate Management

Elected by the shareholders, the Emerging Display's board of directors comprises two types of representatives: Emerging Display inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Emerging. The board's role is to monitor Emerging Display's management team and ensure that shareholders' interests are well served. Emerging Display'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, Emerging Display's outside directors are responsible for providing unbiased perspectives on the board's policies.
WenHsiung HsiehChairmans VPProfile
HsiuWen HuangFinancial DirectorProfile
YingLan LiuChief AuditorProfile
KunHe KuoAccounting DepartmentProfile
TaiKuang WangCEO PresProfile
ChengChung YuVP DirectorProfile