Century Iron Correlations
| 9958 Stock | TWD 180.50 0.50 0.28% |
The current 90-days correlation between Century Iron And and China Steel Chemical is 0.27 (i.e., Modest diversification). The correlation of Century Iron 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.
Century Iron Correlation With Market
Average diversification
The correlation between Century Iron And and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Century Iron And and DJI in the same portfolio, assuming nothing else is changed.
Century |
The ability to find closely correlated positions to Century Iron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Century Iron 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 Century Iron - 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 Century Iron And to buy it.
Moving together with Century Stock
Moving against Century Stock
| 0.59 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.49 | 2609 | Yang Ming Marine | PairCorr |
| 0.42 | 2317 | Hon Hai Precision | PairCorr |
| 0.33 | 0050 | YuantaP shares Taiwan | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Century Stock performing well and Century Iron 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 Century Iron'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2105 | 1.35 | 0.16 | (0.01) | (0.28) | 1.40 | 2.56 | 13.45 | |||
| 1101 | 0.63 | 0.04 | (0.12) | (0.10) | 0.74 | 1.50 | 3.96 | |||
| 1723 | 0.69 | (0.05) | 0.00 | (0.17) | 0.00 | 1.48 | 4.44 | |||
| 2201 | 1.47 | 0.09 | (0.01) | 0.75 | 1.69 | 3.55 | 12.93 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Century Iron 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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Century Iron Corporate Management
Elected by the shareholders, the Century Iron's board of directors comprises two types of representatives: Century Iron inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Century. The board's role is to monitor Century Iron's management team and ensure that shareholders' interests are well served. Century Iron'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, Century Iron's outside directors are responsible for providing unbiased perspectives on the board's policies.
| WenHsiang Lai | Chairman | Profile | |
| YuCheng Lee | Gen Department | Profile | |
| ShengYuan Qu | Treasurer Mang | Profile | |
| MingCheng Lin | GM Director | Profile | |
| Jun Lai | Ex VP | Profile | |
| Wen Bo | Head Assistant | Profile | |
| ChunCheng Lai | Ex VP | Profile |