Taiwan Shin Correlations
| 9925 Stock | TWD 40.95 0.05 0.12% |
The current 90-days correlation between Taiwan Shin Kong and Taiwan Secom Co is 0.11 (i.e., Average diversification). The correlation of Taiwan Shin 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.
Taiwan Shin Correlation With Market
Significant diversification
The correlation between Taiwan Shin Kong and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiwan Shin Kong and DJI in the same portfolio, assuming nothing else is changed.
Taiwan |
The ability to find closely correlated positions to Taiwan Shin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiwan Shin 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 Taiwan Shin - 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 Taiwan Shin Kong to buy it.
Moving together with Taiwan Stock
| 0.7 | 2002 | China Steel Corp | PairCorr |
| 0.69 | 2882 | Cathay Financial Holding | PairCorr |
| 0.76 | 5880 | Taiwan Cooperative | PairCorr |
| 0.85 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Taiwan Stock
| 0.67 | 2891B | CTBC Financial Holding | PairCorr |
| 0.63 | 2891C | CTBC Financial Holding | PairCorr |
| 0.49 | 2888 | Shin Kong Financial | PairCorr |
| 0.46 | 2891 | CTBC Financial Holding | PairCorr |
| 0.31 | 2330 | Taiwan Semiconductor | PairCorr |
Related Correlations Analysis
| 0.61 | 0.39 | 0.65 | 0.76 | 9917 | ||
| 0.61 | 0.62 | 0.59 | 0.88 | 9941 | ||
| 0.39 | 0.62 | 0.54 | 0.63 | 9930 | ||
| 0.65 | 0.59 | 0.54 | 0.68 | 9942 | ||
| 0.76 | 0.88 | 0.63 | 0.68 | 9933 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Taiwan Stock performing well and Taiwan Shin 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 Taiwan Shin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9917 | 1.16 | (0.14) | 0.00 | (28.32) | 0.00 | 2.31 | 8.23 | |||
| 9941 | 1.51 | (0.30) | 0.00 | 0.72 | 0.00 | 2.50 | 16.53 | |||
| 9930 | 0.45 | (0.03) | 0.00 | (0.61) | 0.00 | 0.90 | 3.25 | |||
| 9942 | 0.62 | (0.05) | 0.00 | (1.58) | 0.00 | 1.35 | 4.84 | |||
| 9933 | 0.63 | (0.21) | 0.00 | 1.51 | 0.00 | 1.41 | 4.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Taiwan Shin 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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Taiwan Shin Corporate Management
Elected by the shareholders, the Taiwan Shin's board of directors comprises two types of representatives: Taiwan Shin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Taiwan. The board's role is to monitor Taiwan Shin's management team and ensure that shareholders' interests are well served. Taiwan Shin'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, Taiwan Shin's outside directors are responsible for providing unbiased perspectives on the board's policies.
| KuoHao Jao | Chief Officer | Profile | |
| KuoChao Hung | Pres Director | Profile | |
| HaiFan Chou | Chief Officer | Profile | |
| Zong Weng | Head Accounting | Profile | |
| ChenTang Li | Chief Officer | Profile | |
| TsungHsien Weng | Chief Officer | Profile | |
| ChenYen Hsu | VP | Profile |