Holiday Entertainment Correlations
| 9943 Stock | TWD 77.50 0.50 0.65% |
The current 90-days correlation between Holiday Entertainment and Taiwan Shin Kong is 0.25 (i.e., Modest diversification). The correlation of Holiday Entertainment 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.
Holiday Entertainment Correlation With Market
Good diversification
The correlation between Holiday Entertainment Co and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Holiday Entertainment Co and DJI in the same portfolio, assuming nothing else is changed.
Holiday |
The ability to find closely correlated positions to Holiday Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Holiday Entertainment 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 Holiday Entertainment - 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 Holiday Entertainment Co to buy it.
Moving together with Holiday Stock
| 0.83 | 2317 | Hon Hai Precision | PairCorr |
| 0.79 | 6505 | Formosa Petrochemical | PairCorr |
| 0.65 | 2882 | Cathay Financial Holding | PairCorr |
| 0.88 | 2303 | United Microelectronics | PairCorr |
| 0.72 | 1303 | Nan Ya Plastics | PairCorr |
| 0.78 | 1301 | Formosa Plastics Corp | PairCorr |
| 0.89 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Holiday Stock
| 0.58 | 2454 | MediaTek | PairCorr |
| 0.55 | 2412 | Chunghwa Telecom | PairCorr |
| 0.44 | 2330 | Taiwan Semiconductor | PairCorr |
| 0.35 | 2308 | Delta Electronics | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Holiday Stock performing well and Holiday Entertainment 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 Holiday Entertainment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 9941 | 1.51 | (0.32) | 0.00 | (3.46) | 0.00 | 2.50 | 16.53 | |||
| 9917 | 1.16 | (0.17) | 0.00 | (0.38) | 0.00 | 2.31 | 8.23 | |||
| 9925 | 0.27 | (0.04) | 0.00 | (0.95) | 0.00 | 0.49 | 2.54 | |||
| 2707 | 0.68 | (0.06) | 0.00 | (0.90) | 0.00 | 1.55 | 5.79 | |||
| 2912 | 0.72 | (0.16) | 0.00 | 0.44 | 0.00 | 1.13 | 7.65 |
Holiday Entertainment 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 Holiday Entertainment stock to make a market-neutral strategy. Peer analysis of Holiday Entertainment could also be used in its relative valuation, which is a method of valuing Holiday Entertainment by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Holiday Entertainment Corporate Management
Elected by the shareholders, the Holiday Entertainment's board of directors comprises two types of representatives: Holiday Entertainment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Holiday. The board's role is to monitor Holiday Entertainment's management team and ensure that shareholders' interests are well served. Holiday Entertainment'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, Holiday Entertainment's outside directors are responsible for providing unbiased perspectives on the board's policies.
| TienHsing Li | Chief Officer | Profile | |
| Haoyin Li | G Mang | Profile | |
| JingWen Cheng | Pres Department | Profile | |
| JiunDe Lee | Assistant Supervisor | Profile |