Basso Industry Correlations
1527 Stock | TWD 41.70 0.05 0.12% |
The correlation of Basso Industry 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Basso Industry moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Basso Industry Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Basso Industry Corp and NYA is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Basso Industry Corp and NYA in the same portfolio, assuming nothing else is changed.
Basso |
The ability to find closely correlated positions to Basso Industry could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Basso Industry 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 Basso Industry - 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 Basso Industry Corp to buy it.
Moving together with Basso Stock
0.87 | 2330 | Taiwan Semiconductor | PairCorr |
0.8 | 2317 | Hon Hai Precision | PairCorr |
0.74 | 2454 | MediaTek | PairCorr |
0.84 | 2412 | Chunghwa Telecom | PairCorr |
0.73 | 2308 | Delta Electronics | PairCorr |
0.8 | 2882 | Cathay Financial Holding | PairCorr |
0.9 | 0057 | Fubon MSCI Taiwan | PairCorr |
0.9 | 0050 | YuantaP shares Taiwan | PairCorr |
0.9 | 0053 | YuantaP shares Taiwan | PairCorr |
0.89 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Basso Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Basso Stock performing well and Basso Industry 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 Basso Industry'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 Basso Industry 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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Basso Industry Corporate Directors
Basso Industry corporate directors refer to members of a Basso Industry board of directors. The board of directors generally takes responsibility for the Basso Industry's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Basso Industry's board members must vote for the resolution. The Basso Industry board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Bofeng Lai | Director | Profile | |
Zhennan Shen | Independent Director | Profile | |
Xinhua Cai | Director | Profile | |
Qiwen Lin | Director | Profile |
Already Invested in Basso Industry Corp?
The danger of trading Basso Industry Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Basso Industry is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Basso Industry. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Basso Industry Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Basso Industry Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Basso Stock analysis
When running Basso Industry's price analysis, check to measure Basso Industry's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Basso Industry is operating at the current time. Most of Basso Industry's value examination focuses on studying past and present price action to predict the probability of Basso Industry's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Basso Industry's price. Additionally, you may evaluate how the addition of Basso Industry to your portfolios can decrease your overall portfolio volatility.
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