Union Semiconductor Correlations

688403 Stock   8.58  0.06  0.70%   
The current 90-days correlation between Union Semiconductor and Changchun BCHT Biotechnology is 0.65 (i.e., Poor diversification). The correlation of Union Semiconductor 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.

Union Semiconductor Correlation With Market

Modest diversification

The correlation between Union Semiconductor Co and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Semiconductor Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Union Semiconductor could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Semiconductor 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 Union Semiconductor - 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 Union Semiconductor Co to buy it.

Moving together with Union Stock

  0.71601336 New China LifePairCorr

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   
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High negative correlations   
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Risk-Adjusted Indicators

There is a big difference between Union Stock performing well and Union Semiconductor 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 Union Semiconductor'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.

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Our tools can tell you how much better you can do entering a position in Union Semiconductor 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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Union Semiconductor Corporate Management

Elected by the shareholders, the Union Semiconductor's board of directors comprises two types of representatives: Union Semiconductor inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Union. The board's role is to monitor Union Semiconductor's management team and ensure that shareholders' interests are well served. Union Semiconductor'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, Union Semiconductor's outside directors are responsible for providing unbiased perspectives on the board's policies.
Zhenfang HuangDeputy ManagerProfile
Yuxuan ZhongCore GMProfile
Xie XiSecretary BoardProfile
Xingtian MaDeputy ManagerProfile