ALi Corp Correlations
| 3041 Stock | TWD 27.45 0.50 1.86% |
The current 90-days correlation between ALi Corp and United Microelectronics is 0.12 (i.e., Average diversification). The correlation of ALi Corp 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.
ALi Corp Correlation With Market
Good diversification
The correlation between ALi Corp and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ALi Corp and DJI in the same portfolio, assuming nothing else is changed.
ALi |
The ability to find closely correlated positions to ALi Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ALi Corp 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 ALi Corp - 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 ALi Corp to buy it.
Moving together with ALi Stock
| 0.73 | 1432 | Trk Corp | PairCorr |
| 0.62 | 2609 | Yang Ming Marine | PairCorr |
| 0.71 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.62 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.66 | 0050 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
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ALi Corp Corporate Management
Elected by the shareholders, the ALi Corp's board of directors comprises two types of representatives: ALi Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ALi. The board's role is to monitor ALi Corp's management team and ensure that shareholders' interests are well served. ALi Corp'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, ALi Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.