Sunplus Technology Correlations
| 2401 Stock | TWD 28.00 0.25 0.88% |
The current 90-days correlation between Sunplus Technology and United Microelectronics is 0.58 (i.e., Very weak diversification). The correlation of Sunplus Technology 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Sunplus Technology Correlation With Market
Average diversification
The correlation between Sunplus Technology Co and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sunplus Technology Co and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sunplus Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sunplus Technology 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 Sunplus Technology - 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 Sunplus Technology Co to buy it.
Moving together with Sunplus Stock
Moving against Sunplus Stock
Related Correlations Analysis
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Sunplus Technology Corporate Management
Elected by the shareholders, the Sunplus Technology's board of directors comprises two types of representatives: Sunplus Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sunplus. The board's role is to monitor Sunplus Technology's management team and ensure that shareholders' interests are well served. Sunplus Technology'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, Sunplus Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Phoebe Chen | Head Governance | Profile | |
| ShuChen Cheng | Director Division | Profile | |
| Wayne Shen | VP | Profile | |
| JiAn Zhuang | Investor Mang | Profile |