Chunghwa Telecom Correlations

Stocks . Germany . 
Stock . Chunghwa Telecom Co
CHWD Stock  EUR 35.80  0.20  0.56%   
The current 90-days correlation between Chunghwa Telecom and ELECTRONIC ARTS is -0.01 (i.e., Good diversification). The correlation of Chunghwa Telecom 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.

Chunghwa Telecom Correlation With Market

Significant diversification

The correlation between Chunghwa Telecom Co and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chunghwa Telecom Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Chunghwa Telecom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chunghwa Telecom 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 Chunghwa Telecom - 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 Chunghwa Telecom Co to buy it.

Moving together with Chunghwa Stock

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Moving against Chunghwa Stock

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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   
ERT
+ 0.99
ERT
SGM
+ 0.87
SGM
SGM
+ 0.65
FDU
SGM
+ 0.59
FDU
FXL
+ 0.38
ERT
FXL
+ 0.36
ERT
  
High negative correlations   
FXL
- 0.76
FDU
FDU
- 0.57
ERT
FDU
- 0.55
ERT
SGM
- 0.51
ERT
SGM
- 0.5
ERT
SGM
- 0.49
ERT

Risk-Adjusted Indicators

There is a big difference between Chunghwa Stock performing well and Chunghwa Telecom 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 Chunghwa Telecom'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Chunghwa Telecom 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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Chunghwa Telecom Corporate Management

Elected by the shareholders, the Chunghwa Telecom's board of directors comprises two types of representatives: Chunghwa Telecom inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chunghwa. The board's role is to monitor Chunghwa Telecom's management team and ensure that shareholders' interests are well served. Chunghwa Telecom'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, Chunghwa Telecom's outside directors are responsible for providing unbiased perspectives on the board's policies.
WeiKuo HongSr InstituteProfile
ShuiYi KuoPres DirectorProfile
ChoFen TsaiDirector RelationsProfile
ChiMau SheihChairman CEOProfile
LiShow WuSr GroupProfile
ShuLing ChenAccounting OfficerProfile
YaChien HsuehAssistant OfficerProfile
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