Concraft Holding Correlations
| 4943 Stock | TWD 15.10 0.05 0.33% |
The current 90-days correlation between Concraft Holding and Merry Electronics Co is 0.02 (i.e., Significant diversification). The correlation of Concraft 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.
Concraft Holding Correlation With Market
Modest diversification
The correlation between Concraft Holding Co and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concraft Holding Co and DJI in the same portfolio, assuming nothing else is changed.
Concraft |
The ability to find closely correlated positions to Concraft 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 Concraft 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 Concraft 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 Concraft Holding Co to buy it.
Moving together with Concraft Stock
| 0.86 | 3008 | LARGAN Precision | PairCorr |
| 0.7 | 2327 | Yageo Corp | PairCorr |
| 0.81 | 2891C | CTBC Financial Holding | PairCorr |
| 0.8 | 2888 | Shin Kong Financial Earnings Call Today | PairCorr |
Moving against Concraft Stock
| 0.89 | 2891 | CTBC Financial Holding | PairCorr |
| 0.82 | 2891B | CTBC Financial Holding | PairCorr |
| 0.8 | 2883 | China Development | PairCorr |
| 0.72 | 2317 | Hon Hai Precision | PairCorr |
| 0.72 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.72 | 2882 | Cathay Financial Holding | PairCorr |
| 0.69 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.68 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.59 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.35 | 2002 | China Steel Corp | PairCorr |
Related Correlations Analysis
| 0.81 | 0.63 | 0.84 | 0.59 | 2439 | ||
| 0.81 | 0.88 | 0.83 | 0.77 | 6269 | ||
| 0.63 | 0.88 | 0.65 | 0.87 | 6456 | ||
| 0.84 | 0.83 | 0.65 | 0.64 | 3406 | ||
| 0.59 | 0.77 | 0.87 | 0.64 | 2492 | ||
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Risk-Adjusted Indicators
There is a big difference between Concraft Stock performing well and Concraft 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 Concraft 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2439 | 1.66 | (0.29) | 0.00 | 2.36 | 0.00 | 3.29 | 11.31 | |||
| 6269 | 1.17 | (0.24) | 0.00 | 1.81 | 0.00 | 1.64 | 11.11 | |||
| 6456 | 1.33 | (0.27) | 0.00 | (0.83) | 0.00 | 2.94 | 6.88 | |||
| 3406 | 1.68 | (0.30) | 0.00 | (0.32) | 0.00 | 2.72 | 14.70 | |||
| 2492 | 1.29 | (0.25) | 0.00 | (0.79) | 0.00 | 1.90 | 6.64 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Concraft Holding 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?
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Concraft Holding Corporate Management
Elected by the shareholders, the Concraft Holding's board of directors comprises two types of representatives: Concraft Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Concraft. The board's role is to monitor Concraft Holding's management team and ensure that shareholders' interests are well served. Concraft 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, Concraft Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChuChing Lee | Director Director | Profile | |
| Guoji Li | General Manager, Director | Profile | |
| Shijia Lai | Chief Engineering Officer | Profile | |
| Jinxing Li | Deputy General Manager, Director | Profile | |
| Yahui Xie | Deputy General Manager | Profile | |
| ChaoLi Huang | Director | Profile | |
| JianKai Peng | Assistant VP | Profile |