Chunghwa Telecom Correlations
| 2412 Stock | TWD 124.00 0.50 0.40% |
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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chunghwa Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chunghwa Telecom Co 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.
Average diversification
The correlation between Chunghwa Telecom Co and NYA is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chunghwa Telecom Co and NYA in the same portfolio, assuming nothing else is changed.
Chunghwa |
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
| 0.72 | 2882 | Cathay Financial Holding | PairCorr |
| 0.86 | 2317 | Hon Hai Precision | PairCorr |
| 0.65 | 0053 | YuantaP shares Taiwan | PairCorr |
Moving against Chunghwa Stock
Related Correlations Analysis
| 0.38 | -0.21 | 0.72 | 0.15 | 3045 | ||
| 0.38 | 0.63 | -0.01 | -0.42 | 2002 | ||
| -0.21 | 0.63 | -0.61 | -0.41 | 1301 | ||
| 0.72 | -0.01 | -0.61 | 0.46 | 2882 | ||
| 0.15 | -0.42 | -0.41 | 0.46 | 2881 | ||
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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
| High negative correlations
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 3045 | 0.58 | 0.10 | 0.06 | (2.89) | 0.58 | 1.47 | 3.89 | |||
| 2002 | 0.83 | (0.03) | 0.00 | (0.07) | 0.00 | 1.83 | 5.98 | |||
| 1301 | 0.92 | (0.13) | 0.00 | (0.51) | 0.00 | 2.36 | 5.18 | |||
| 2882 | 0.93 | 0.23 | 0.17 | 1.18 | 0.78 | 2.28 | 5.45 | |||
| 2881 | 0.77 | 0.11 | 0.06 | (2.04) | 0.88 | 1.85 | 4.41 |
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.Did you try this?
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Chunghwa Telecom Corporate Directors
Chunghwa Telecom corporate directors refer to members of a Chunghwa Telecom board of directors. The board of directors generally takes responsibility for the Chunghwa Telecom'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 Chunghwa Telecom's board members must vote for the resolution. The Chunghwa Telecom board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Yijin Du | Independent Director | Profile | |
| Heting Huang | Director | Profile | |
| Yiping Lin | Director | Profile | |
| YuLin Huang | Director | Profile |
Already Invested in Chunghwa Telecom Co?
The danger of trading Chunghwa Telecom Co 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 Chunghwa Telecom 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 Chunghwa Telecom. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Chunghwa Telecom 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.
When determining whether Chunghwa Telecom is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Chunghwa Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Chunghwa Telecom Co Stock. Highlighted below are key reports to facilitate an investment decision about Chunghwa Telecom Co Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chunghwa Telecom Co. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Complementary Tools for Chunghwa Stock analysis
When running Chunghwa Telecom's price analysis, check to measure Chunghwa Telecom'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 Chunghwa Telecom is operating at the current time. Most of Chunghwa Telecom's value examination focuses on studying past and present price action to predict the probability of Chunghwa Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chunghwa Telecom's price. Additionally, you may evaluate how the addition of Chunghwa Telecom to your portfolios can decrease your overall portfolio volatility.
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