Sunfun Info Correlations
| 5278 Stock | TWD 319.00 5.00 1.59% |
The current 90-days correlation between Sunfun Info and Addcn Technology Co is -0.03 (i.e., Good diversification). The correlation of Sunfun Info 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.
Sunfun Info Correlation With Market
Average diversification
The correlation between Sunfun Info Co and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunfun Info Co and DJI in the same portfolio, assuming nothing else is changed.
Sunfun |
The ability to find closely correlated positions to Sunfun Info could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunfun Info 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 Sunfun Info - 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 Sunfun Info Co to buy it.
Moving together with Sunfun Stock
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| 0.65 | 2881B | Fubon Financial Holding | PairCorr |
| 0.89 | 2881A | Fubon Financial Holding | PairCorr |
| 0.62 | 2882A | Cathay Financial Holding Earnings Call Tomorrow | PairCorr |
| 0.87 | 2882B | Cathay Financial Holding | PairCorr |
| 0.66 | 2882 | Cathay Financial Holding | PairCorr |
| 0.87 | 2317 | Hon Hai Precision | PairCorr |
| 0.71 | 2454 | MediaTek | PairCorr |
| 0.72 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.8 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.77 | 0057 | Fubon MSCI Taiwan | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Sunfun Info 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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