WPG Holdings Correlations

3702A Stock

TWD 51.70 0.00 0.00%

The current 90-days correlation between WPG Holdings and WPG Holdings is -0.15 (i.e., Good diversification). The correlation of WPG Holdings 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.

WPG Holdings Correlation With Market

Significant diversification

The correlation between WPG Holdings and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WPG Holdings and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to WPG Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WPG Holdings 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 WPG Holdings - 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 WPG Holdings to buy it.

Moving against WPG Stock

0.9	6763	Green World Fintech	Pair Corr
0.8	0051	YuantaP shares Taiwan	Pair Corr
0.74	3287	Kworld Computer	Pair Corr
0.59	6539	DV Biomed	Pair Corr
0.47	2072	Century Wind Power	Pair Corr
0.34	3444	Niching Industrial	Pair Corr

Related Correlations Analysis

	3702A	3702	2924	1109	2836	3128	4533	6126	1465
3702A		-0.73	-0.71	-0.68	-0.54	0.04	-0.52	-0.75	-0.7	3702A
3702	-0.73		0.69	0.39	0.38	-0.03	0.27	0.59	0.32	3702
2924	-0.71	0.69		0.58	0.51	0.34	0.14	0.66	0.59	2924
1109	-0.68	0.39	0.58		0.72	0.31	0.73	0.84	0.78	1109
2836	-0.54	0.38	0.51	0.72		0.43	0.32	0.69	0.66	2836
3128	0.04	-0.03	0.34	0.31	0.43		-0.16	0.15	0.26	3128
4533	-0.52	0.27	0.14	0.73	0.32	-0.16		0.66	0.46	4533
6126	-0.75	0.59	0.66	0.84	0.69	0.15	0.66		0.62	6126
1465	-0.7	0.32	0.59	0.78	0.66	0.26	0.46	0.62		1465
	3702A	3702	2924	1109	2836	3128	4533	6126	1465

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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

6126	+ 0.84	1109
1465	+ 0.78	1109
4533	+ 0.73	1109
2836	+ 0.72	1109
2924	+ 0.69	3702
6126	+ 0.69	2836

High negative correlations

6126	- 0.75	3702A
3702	- 0.73	3702A
2924	- 0.71	3702A
1465	- 0.7	3702A
1109	- 0.68	3702A
2836	- 0.54	3702A

Risk-Adjusted Indicators

There is a big difference between WPG Stock performing well and WPG Holdings 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 WPG Holdings' 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
3702A	0.08	0.02	0.00	1.79	0.00	0.00	0.20	(0.19)	0.58
3702	1.13	(0.03)	0.00	0.19	0.00	0.00	2.65	(2.70)	9.88
2924	2.83	(0.07)	0.00	0.21	0.00	0.00	9.95	(7.97)	19.97
1109	0.43	(0.11)	0.00	2.78	0.00	0.00	0.82	(1.09)	2.58
2836	0.54	(0.03)	0.00	0.79	0.00	0.00	1.31	(0.87)	2.61
3128	0.59	0.03	(0.05)	0.28	0.71	(0.69)	1.45	(1.65)	3.79
4533	1.75	(0.30)	0.00	(1.39)	0.00	0.00	3.01	(4.61)	13.37
6126	1.22	(0.33)	0.00	(1.06)	0.00	0.00	3.42	(3.92)	11.08
1465	0.79	(0.11)	0.00	1.26	0.00	0.00	1.74	(1.39)	3.52

WPG Holdings 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 WPG Holdings stock to make a market-neutral strategy. Peer analysis of WPG Holdings could also be used in its relative valuation, which is a method of valuing WPG Holdings by comparing valuation metrics with similar companies.

WPG Holdings WPG Holdings Cayman Tung Ling Hsing Ta Cement Bank of Kaohsiung Hi Sharp Electronics Shieh Yih Machinery Singatron Enterprise Co Wisher Industrial Co American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne

Risk & Return

Correlation

WPG Holdings Corporate Management

Elected by the shareholders, the WPG Holdings' board of directors comprises two types of representatives: WPG Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of WPG. The board's role is to monitor WPG Holdings' management team and ensure that shareholders' interests are well served. WPG Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, WPG Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Henry Shaw	Director	Profile
J Huang	Independent Director	Profile
Simon Huang	Chairman of the Board	Profile
ChangQing Wu	Director	Profile
Victor Lu	VP	Profile
K Tseng	Vice Chairman of the Board	Profile

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