Globe Union Correlations
9934 Stock | TWD 18.45 0.20 1.07% |
The correlation of Globe Union 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 Globe Union moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Globe Union Industrial 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 Globe Union Industrial and NYA is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Globe Union Industrial and NYA in the same portfolio, assuming nothing else is changed.
Globe |
The ability to find closely correlated positions to Globe Union could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Globe Union 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 Globe Union - 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 Globe Union Industrial to buy it.
Moving together with Globe Stock
0.64 | 1584 | S Tech Corp | PairCorr |
0.77 | 0053 | YuantaP shares Taiwan | PairCorr |
0.78 | 0050 | YuantaP shares Taiwan | PairCorr |
0.67 | 0051 | YuantaP shares Taiwan | PairCorr |
0.77 | 0057 | Fubon MSCI Taiwan | PairCorr |
Moving against Globe Stock
0.86 | 6533 | Andes Technology Corp | PairCorr |
0.85 | 8227 | Progate Group | PairCorr |
0.84 | 6689 | eCloudvalley Digital | PairCorr |
0.57 | 3259 | Solid State System | PairCorr |
Related Correlations Analysis
-0.62 | -0.53 | 0.09 | -0.57 | 3059 | ||
-0.62 | 0.89 | 0.13 | 0.92 | 3057 | ||
-0.53 | 0.89 | 0.37 | 0.91 | 3048 | ||
0.09 | 0.13 | 0.37 | 0.08 | 3055 | ||
-0.57 | 0.92 | 0.91 | 0.08 | 3041 | ||
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 Globe Stock performing well and Globe Union 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 Globe Union'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
3059 | 2.00 | 0.15 | 0.03 | (0.42) | 2.04 | 6.05 | 14.30 | |||
3057 | 1.76 | (0.08) | 0.00 | 0.25 | 0.00 | 3.60 | 14.43 | |||
3048 | 0.84 | 0.04 | (0.04) | (0.08) | 0.96 | 1.91 | 6.16 | |||
3055 | 2.96 | 0.94 | 0.26 | (1.54) | 2.57 | 9.96 | 17.43 | |||
3041 | 2.49 | (0.17) | 0.00 | 0.32 | 0.00 | 7.07 | 19.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Globe Union 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 Price Ceiling Movement Now
Price Ceiling MovementCalculate and plot Price Ceiling Movement for different equity instruments |
All Next | Launch Module |
Globe Union Corporate Management
Elected by the shareholders, the Globe Union's board of directors comprises two types of representatives: Globe Union inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Globe. The board's role is to monitor Globe Union's management team and ensure that shareholders' interests are well served. Globe Union'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, Globe Union's outside directors are responsible for providing unbiased perspectives on the board's policies.
Richard George | Member PJH | Profile | |
TsungMin Chen | VP | Profile | |
YingFan Chan | Head Accounting | Profile | |
Todd Talbot | Pres Board | Profile | |
Lourdes Lee | Member Division | Profile | |
Keith Yurko | CEO Board | Profile | |
Nancy Shih | Investor Mang | Profile |
Already Invested in Globe Union Industrial?
The danger of trading Globe Union Industrial 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 Globe Union 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 Globe Union. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Globe Union Industrial 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 Globe Union Industrial. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Globe Stock analysis
When running Globe Union's price analysis, check to measure Globe Union'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 Globe Union is operating at the current time. Most of Globe Union's value examination focuses on studying past and present price action to predict the probability of Globe Union's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Globe Union's price. Additionally, you may evaluate how the addition of Globe Union to your portfolios can decrease your overall portfolio volatility.
Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing |