PChome Online Correlations
| 8044 Stock | TWD 56.70 5.10 9.88% |
The current 90-days correlation between PChome Online and Addcn Technology Co is 0.2 (i.e., Modest diversification). The correlation of PChome Online 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.
PChome Online Correlation With Market
Average diversification
The correlation between PChome Online and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PChome Online and DJI in the same portfolio, assuming nothing else is changed.
PChome |
The ability to find closely correlated positions to PChome Online could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PChome Online 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 PChome Online - 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 PChome Online to buy it.
Moving together with PChome Stock
| 0.87 | 5278 | Sunfun Info Split | PairCorr |
| 0.83 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.72 | 2609 | Yang Ming Marine | PairCorr |
| 0.85 | 2881A | Fubon Financial Holding | PairCorr |
| 0.68 | 2882B | Cathay Financial Holding | PairCorr |
| 0.72 | 2317 | Hon Hai Precision | PairCorr |
| 0.61 | 0050 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in PChome Online 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?
Run Share Portfolio Now
Share PortfolioTrack or share privately all of your investments from the convenience of any device |
| All Next | Launch Module |
PChome Online Corporate Management
Elected by the shareholders, the PChome Online's board of directors comprises two types of representatives: PChome Online inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PChome. The board's role is to monitor PChome Online's management team and ensure that shareholders' interests are well served. PChome Online'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, PChome Online's outside directors are responsible for providing unbiased perspectives on the board's policies.