Asia Vital Correlations
| 3017 Stock | TWD 643.00 3.00 0.47% |
The current 90-days correlation between Asia Vital Components and Winbond Electronics Corp is 0.31 (i.e., Weak diversification). The correlation of Asia Vital 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.
Asia Vital Correlation With Market
Average diversification
The correlation between Asia Vital Components and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asia Vital Components and DJI in the same portfolio, assuming nothing else is changed.
Asia |
The ability to find closely correlated positions to Asia Vital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Vital 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 Asia Vital - 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 Asia Vital Components to buy it.
Moving together with Asia Stock
| 0.68 | 1432 | Trk Corp | PairCorr |
| 0.65 | 2603 | Evergreen Marine Corp | PairCorr |
| 0.86 | 3545 | FocalTech Systems | PairCorr |
| 0.61 | 6015 | Horizon Securities | PairCorr |
| 0.94 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.91 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.89 | 0050 | YuantaP shares Taiwan | PairCorr |
Moving against Asia Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Asia Vital 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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Asia Vital Corporate Management
Elected by the shareholders, the Asia Vital's board of directors comprises two types of representatives: Asia Vital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asia. The board's role is to monitor Asia Vital's management team and ensure that shareholders' interests are well served. Asia Vital'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, Asia Vital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ChiuMao Huang | VP Director | Profile | |
| David Huang | Head Unit | Profile | |
| YiChen Chen | VP Director | Profile | |
| Yi Chen | VP CFO | Profile | |
| David Wang | Head Unit | Profile | |
| Amigo Chen | Head Division | Profile | |
| Lawrence Tsai | Head Unit | Profile |