Tachan Securities Correlations
| 6020 Stock | TWD 18.80 0.05 0.27% |
The current 90-days correlation between Tachan Securities and Hung Sheng Construction is -0.05 (i.e., Good diversification). The correlation of Tachan Securities 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.
Tachan Securities Correlation With Market
Good diversification
The correlation between Tachan Securities Co and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tachan Securities Co and DJI in the same portfolio, assuming nothing else is changed.
Tachan |
The ability to find closely correlated positions to Tachan Securities could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tachan Securities 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 Tachan Securities - 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 Tachan Securities Co to buy it.
Moving together with Tachan Stock
| 0.64 | 6023 | Yuanta Futures | PairCorr |
| 0.69 | 6016 | Concord Securities | PairCorr |
| 0.72 | 6021 | Good Finance Securities | PairCorr |
| 0.88 | 6026 | Grand Fortune Securities | PairCorr |
| 0.65 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Tachan Stock
| 0.81 | 2454 | MediaTek | PairCorr |
| 0.78 | 2891B | CTBC Financial Holding | PairCorr |
| 0.76 | 2345 | Accton Technology Corp | PairCorr |
| 0.75 | 3008 | LARGAN Precision | PairCorr |
| 0.73 | 6005 | Capital Securities Corp | PairCorr |
| 0.71 | 2618 | Eva Airways Corp | PairCorr |
| 0.7 | 5530 | Lungyen Life Service | PairCorr |
| 0.64 | 2881B | Fubon Financial Holding | PairCorr |
| 0.63 | 2610 | China Airlines | PairCorr |
| 0.57 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.56 | 3494 | HiTi Digital Split | PairCorr |
| 0.5 | 1536 | Hota Industrial Mfg | PairCorr |
| 0.42 | 2609 | Yang Ming Marine | PairCorr |
| 0.41 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.33 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.32 | 3323 | Celxpert Energy | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Tachan Stock performing well and Tachan Securities 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 Tachan Securities' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2534 | 0.99 | (0.18) | 0.00 | (0.34) | 0.00 | 2.38 | 11.06 | |||
| 2867 | 0.77 | (0.21) | 0.00 | (0.96) | 0.00 | 1.30 | 5.89 | |||
| 3705 | 0.71 | (0.12) | 0.00 | 36.64 | 0.00 | 1.05 | 8.20 | |||
| 2706 | 0.43 | (0.02) | 0.00 | (0.44) | 0.00 | 1.01 | 2.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tachan Securities 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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Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
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Tachan Securities Corporate Management
Elected by the shareholders, the Tachan Securities' board of directors comprises two types of representatives: Tachan Securities inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tachan. The board's role is to monitor Tachan Securities' management team and ensure that shareholders' interests are well served. Tachan Securities' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tachan Securities' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Huanxiang Zeng | Deputy Manager-Finance | Profile | |
| Chen Jingyi | Chief Department | Profile | |
| YuSheng Chou | VP Dept | Profile | |
| ShangHsiang Hsu | VP Dept | Profile | |
| Chun Li | Chief Department | Profile | |
| Chen Binhui | Chief Department | Profile | |
| Lin Jiajun | Chief Department | Profile |