Sunfon Construction Correlations

5514 Stock

TWD 20.60 0.15 0.73%

The current 90-days correlation between Sunfon Construction and Delpha Construction Co is 0.15 (i.e., Average diversification). The correlation of Sunfon Construction 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.

Sunfon Construction Correlation With Market

Good diversification

The correlation between Sunfon Construction Co 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 Sunfon Construction Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sunfon Stock

0.75	1808	Run Long Construction Split	Pair Corr
0.91	5534	Chong Hong Construction	Pair Corr
0.78	9940	Sinyi Realty	Pair Corr
0.73	2540	JSL Construction Dev Split	Pair Corr
0.87	5508	Yungshin Construction	Pair Corr
0.9	2524	Kings Town Construction	Pair Corr
0.81	3008	LARGAN Precision	Pair Corr
0.66	5274	Aspeed Technology	Pair Corr

Moving against Sunfon Stock

0.82	2603	Evergreen Marine Corp	Pair Corr
0.79	2357	Asustek Computer	Pair Corr
0.76	0050	YuantaP shares Taiwan	Pair Corr
0.73	0057	Fubon MSCI Taiwan	Pair Corr
0.69	3293	International Games	Pair Corr
0.66	0053	YuantaP shares Taiwan	Pair Corr

Related Correlations Analysis

	1808	5534	2540	2530	5508	2524	2534
1808		0.86	0.83	0.81	0.89	0.9	0.03	1808
5534	0.86		0.88	0.77	0.92	0.92	0.1	5534
2540	0.83	0.88		0.88	0.81	0.84	0.21	2540
2530	0.81	0.77	0.88		0.66	0.75	0.37	2530
5508	0.89	0.92	0.81	0.66		0.87	0.02	5508
2524	0.9	0.92	0.84	0.75	0.87		-0.05	2524
2534	0.03	0.1	0.21	0.37	0.02	-0.05		2534
	1808	5534	2540	2530	5508	2524	2534

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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

5508	+ 0.92	5534
2524	+ 0.92	5534
2524	+ 0.9	1808
5508	+ 0.89	1808
2540	+ 0.88	5534
2530	+ 0.88	2540

High negative correlations

2534

- 0.05

2524

Risk-Adjusted Indicators

There is a big difference between Sunfon Stock performing well and Sunfon Construction 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 Sunfon Construction'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
1808	2.64	(1.01)	2.47	3.61	(3.05)	70.85
5534	1.56	(0.40)	(0.75)	3.09	(3.55)	12.00
2540	2.80	(0.99)	(5.51)	3.93	(7.87)	44.73
2530	1.38	(0.16)	(0.96)	3.19	(2.91)	9.17
5508	2.09	(0.62)	2.92	2.83	(8.64)	17.02
2524	2.60	(0.58)	3.75	5.96	(4.67)	17.71
2534	1.00	(0.07)	(0.06)	2.62	(3.14)	10.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sunfon Construction 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.

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Sunfon Construction Corporate Management

Elected by the shareholders, the Sunfon Construction's board of directors comprises two types of representatives: Sunfon Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sunfon. The board's role is to monitor Sunfon Construction's management team and ensure that shareholders' interests are well served. Sunfon Construction'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, Sunfon Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.

PingHung Pan	Chief Officer	Profile
ShuYing Shih	Chief Department	Profile
JuiHsing Yu	President	Profile
KuoChin Huang	VP	Profile

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