Chien Kuo Correlations
| 5515 Stock | TWD 27.75 0.55 1.94% |
The current 90-days correlation between Chien Kuo Construction and Kee Tai Properties is -0.1 (i.e., Good diversification). The correlation of Chien Kuo 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.
Chien |
The ability to find closely correlated positions to Chien Kuo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chien Kuo 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 Chien Kuo - 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 Chien Kuo Construction to buy it.
Moving against Chien Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Chien Stock performing well and Chien Kuo 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 Chien Kuo'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2515 | 1.31 | (0.10) | 0.00 | (0.37) | 0.00 | 2.60 | 10.65 | |||
| 3703 | 1.02 | 0.02 | (0.03) | 0.21 | 1.37 | 2.24 | 13.77 | |||
| 2538 | 1.08 | (0.23) | 0.00 | (2.62) | 0.00 | 1.89 | 6.20 | |||
| 2534 | 1.01 | (0.11) | 0.00 | 0.87 | 0.00 | 2.97 | 11.06 | |||
| 5521 | 1.16 | (0.25) | 0.00 | (1.57) | 0.00 | 2.73 | 6.39 |
Chien Kuo 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 Chien Kuo stock to make a market-neutral strategy. Peer analysis of Chien Kuo could also be used in its relative valuation, which is a method of valuing Chien Kuo by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Chien Kuo Corporate Management
Elected by the shareholders, the Chien Kuo's board of directors comprises two types of representatives: Chien Kuo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chien. The board's role is to monitor Chien Kuo's management team and ensure that shareholders' interests are well served. Chien Kuo'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, Chien Kuo's outside directors are responsible for providing unbiased perspectives on the board's policies.
| PaiTso Sun | CFO Director | Profile | |
| Ssu Kung | F Mang | Profile | |
| ShuFeng Yang | Assistant Accounting | Profile | |
| Changshiou Wu | Chairman GM | Profile |