Corning Incorporated Correlations
| GLW Stock | EUR 46.60 1.54 3.42% |
The current 90-days correlation between Corning Incorporated and Hon Hai Precision is -0.05 (i.e., Good diversification). The correlation of Corning Incorporated 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.
Corning Incorporated Correlation With Market
Modest diversification
The correlation between Corning Incorporated and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Corning Incorporated and DJI in the same portfolio, assuming nothing else is changed.
Corning |
The ability to find closely correlated positions to Corning Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Corning Incorporated 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 Corning Incorporated - 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 Corning Incorporated to buy it.
Moving together with Corning Stock
| 0.86 | XPH | Amphenol | PairCorr |
| 0.88 | HHP2 | Hon Hai Precision | PairCorr |
| 0.67 | SXC | Sunny Optical Technology | PairCorr |
| 0.94 | HUEC | Hubbell Incorporated | PairCorr |
| 0.79 | 5F3 | JINS HOLDINGS INC | PairCorr |
| 0.84 | SON1 | Sony Group Corp | PairCorr |
| 0.81 | BFP | BBVA Banco Frances | PairCorr |
| 0.68 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Corning Stock
| 0.92 | MIZ | Mizuno | PairCorr |
| 0.82 | 5FV | YAOKO LTD | PairCorr |
| 0.73 | MUR1 | Murata Manufacturing | PairCorr |
| 0.68 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.67 | XSDG | Samsung SDI | PairCorr |
| 0.63 | HCMA | HITACHI STRMACHADR2 | PairCorr |
| 0.39 | 893 | MITSUBISHI KAKOKI | PairCorr |
| 0.38 | YHA | Yamaha Split | PairCorr |
Related Correlations Analysis
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Corning Incorporated Corporate Management
Elected by the shareholders, the Corning Incorporated's board of directors comprises two types of representatives: Corning Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Corning. The board's role is to monitor Corning Incorporated's management team and ensure that shareholders' interests are well served. Corning Incorporated'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, Corning Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Kevin Corliss | VP Officer | Profile | |
| Edward Schlesinger | Principal Accounting Officer | Profile | |
| Anne Mullins | VP Officer | Profile | |
| Stefan Becker | Corp Fin | Profile |