Swancor Holding Correlations
The correlation of Swancor Holding 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.
Swancor |
The ability to find closely correlated positions to Swancor Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Swancor Holding 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 Swancor Holding - 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 Swancor Holding Co to buy it.
Related Correlations Analysis
| -0.5 | 0.65 | 0.69 | -0.81 | 9958 | ||
| -0.5 | -0.51 | -0.59 | 0.61 | 1589 | ||
| 0.65 | -0.51 | 0.87 | -0.76 | 1513 | ||
| 0.69 | -0.59 | 0.87 | -0.87 | 3037 | ||
| -0.81 | 0.61 | -0.76 | -0.87 | 2404 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Swancor Stock performing well and Swancor Holding 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 Swancor Holding'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9958 | 2.08 | (0.43) | 0.00 | 3.91 | 0.00 | 4.44 | 12.00 | |||
| 1589 | 1.31 | (0.15) | 0.00 | 0.92 | 0.00 | 3.37 | 7.07 | |||
| 1513 | 1.37 | (0.07) | 0.00 | (0.32) | 0.00 | 3.35 | 7.14 | |||
| 3037 | 1.46 | (0.29) | 0.00 | (1.06) | 0.00 | 3.19 | 11.69 | |||
| 2404 | 1.71 | 0.72 | 0.38 | (9.75) | 1.11 | 4.82 | 14.96 |
Swancor Holding 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 Swancor Holding stock to make a market-neutral strategy. Peer analysis of Swancor Holding could also be used in its relative valuation, which is a method of valuing Swancor Holding by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Swancor Holding Corporate Management
Elected by the shareholders, the Swancor Holding's board of directors comprises two types of representatives: Swancor Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Swancor. The board's role is to monitor Swancor Holding's management team and ensure that shareholders' interests are well served. Swancor Holding'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, Swancor Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sporn Chen | Director | Profile | |
| JauYang Tsai | Chairman of the Board | Profile | |
| ShuHsien Kan | Chief Officer | Profile | |
| ChiaMin Hung | Head Mang | Profile | |
| Hui Qiu | Audit Chief | Profile | |
| Shengzhong Lin | Independent Director | Profile | |
| Kent Wooldridge | Pres Operations | Profile |