LK Engineering Correlations

6139 Stock  TWD 250.00  8.50  3.52%   
The current 90-days correlation between LK Engineering and United Integrated Services is 0.18 (i.e., Average diversification). The correlation of LK Engineering 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.

LK Engineering Correlation With Market

Average diversification

The correlation between LK Engineering Co and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LK Engineering Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to LK Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LK Engineering 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 LK Engineering - 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 LK Engineering Co to buy it.

Moving against 6139 Stock

  0.322883 China DevelopmentPairCorr

Related Correlations Analysis

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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   
30192404
30625434
61965434
30626196
  
High negative correlations   
30622404
30195434
54342404
61962404
30623019
30196196

Risk-Adjusted Indicators

There is a big difference between 6139 Stock performing well and LK Engineering 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 LK Engineering'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.

LK Engineering 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 LK Engineering stock to make a market-neutral strategy. Peer analysis of LK Engineering could also be used in its relative valuation, which is a method of valuing LK Engineering by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

LK Engineering Corporate Management

Elected by the shareholders, the LK Engineering's board of directors comprises two types of representatives: LK Engineering inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 6139. The board's role is to monitor LK Engineering's management team and ensure that shareholders' interests are well served. LK Engineering'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, LK Engineering's outside directors are responsible for providing unbiased perspectives on the board's policies.
HsiaoLing ChiangProject PresProfile
Ya ChanAccounting SupervisorProfile
MinKui HsuEx VPProfile
ChuShiang YaoFounder ChairmanProfile
Shu ChenAccounting SVPProfile
FangMan PengChief AuditorProfile