Kuobrothers Correlations
8477 Stock | TWD 19.50 0.60 2.99% |
The correlation of Kuobrothers 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 Kuobrothers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kuobrothers 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 Kuobrothers and NYA is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kuobrothers and NYA in the same portfolio, assuming nothing else is changed.
Kuobrothers |
The ability to find closely correlated positions to Kuobrothers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kuobrothers 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 Kuobrothers - 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 Kuobrothers to buy it.
Moving together with Kuobrothers Stock
Moving against Kuobrothers Stock
0.58 | 2882 | Cathay Financial Holding | PairCorr |
0.55 | 2330 | Taiwan Semiconductor | PairCorr |
0.55 | 0050 | YuantaP shares Taiwan | PairCorr |
0.53 | 0053 | YuantaP shares Taiwan | PairCorr |
0.53 | 0057 | Fubon MSCI Taiwan | PairCorr |
0.5 | 2937 | Gseven | PairCorr |
0.43 | 2891 | CTBC Financial Holding | PairCorr |
0.41 | 8433 | Bon Fame | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Kuobrothers Stock performing well and Kuobrothers 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 Kuobrothers' 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 Kuobrothers 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?
Run Content Syndication Now
Content SyndicationQuickly integrate customizable finance content to your own investment portal |
All Next | Launch Module |
Kuobrothers Corporate Management
Elected by the shareholders, the Kuobrothers' board of directors comprises two types of representatives: Kuobrothers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kuobrothers. The board's role is to monitor Kuobrothers' management team and ensure that shareholders' interests are well served. Kuobrothers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kuobrothers' outside directors are responsible for providing unbiased perspectives on the board's policies.
YouRu Jin | Chief Officer | Profile | |
Tsao Ching | Chief Officer | Profile | |
ShangWei Lin | Chief CTO | Profile | |
WeiTung Huang | PR Director | Profile | |
H Sheu | Chief Officer | Profile | |
SuChi Kuo | CEO Chairman | Profile |
Already Invested in Kuobrothers?
The danger of trading Kuobrothers 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 Kuobrothers 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 Kuobrothers. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kuobrothers 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 Kuobrothers. 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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary Tools for Kuobrothers Stock analysis
When running Kuobrothers' price analysis, check to measure Kuobrothers' 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 Kuobrothers is operating at the current time. Most of Kuobrothers' value examination focuses on studying past and present price action to predict the probability of Kuobrothers' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kuobrothers' price. Additionally, you may evaluate how the addition of Kuobrothers to your portfolios can decrease your overall portfolio volatility.
Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format | |
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
Theme Ratings Determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |