Mosa Industrial Correlations

Stocks Taiwan . 
Stock . Mosa Industrial Corp
4564 Stock  TWD 21.35  0.10  0.47%   
The current 90-days correlation between Mosa Industrial Corp and Cub Elecparts is 0.27 (i.e., Modest diversification). The correlation of Mosa Industrial 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.

Mosa Industrial Correlation With Market

Good diversification

The correlation between Mosa Industrial Corp and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mosa Industrial Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Mosa Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mosa Industrial 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 Mosa Industrial - 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 Mosa Industrial Corp to buy it.

Moving together with Mosa Stock

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  0.854108 Phytohealth CorpPairCorr
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  0.793206 Kingstate ElectronicsPairCorr

Moving against Mosa Stock

  0.832850 Shinkong InsurancePairCorr
  0.742345 Accton Technology CorpPairCorr
  0.748240 Wah Hong IndustrialPairCorr
  0.72618 Eva Airways CorpPairCorr
  0.593552 Tung Thih ElectronicPairCorr
  0.572379 Realtek SemiconductorPairCorr
  0.541319 Tong Yang IndustryPairCorr
  0.481591 Inmax HoldingPairCorr
  0.471536 Hota Industrial MfgPairCorr
  0.323217 Argosy ResearchPairCorr
  0.842891B CTBC Financial HoldingPairCorr
  0.781464 De Licacy IndustrialPairCorr
  0.753036A WT MicroelectronicsPairCorr
  0.746669 Wiwynn CorpPairCorr
  0.732883B CHINA DEVELOPMENTPairCorr
  0.731231 Lian Hwa FoodsPairCorr
  0.733545 FocalTech SystemsPairCorr
  0.722454 MediaTekPairCorr
  0.722883 China DevelopmentPairCorr
  0.725315 United Radiant TechnologyPairCorr
  0.712356 Inventec CorpPairCorr

Related Correlations Analysis

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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   
3665
+ 0.75
1536
2231
+ 0.52
3665
2231
+ 0.41
1536
3105
+ 0.37
6279
6279
+ 0.09
2231
  
High negative correlations   
3105
- 0.8
3665
3105
- 0.57
1536
3105
- 0.43
2231
6279
- 0.16
3665
6279
- 0.09
1536

Risk-Adjusted Indicators

There is a big difference between Mosa Stock performing well and Mosa Industrial 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 Mosa Industrial'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mosa Industrial 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.

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Mosa Industrial Corporate Management

Elected by the shareholders, the Mosa Industrial's board of directors comprises two types of representatives: Mosa Industrial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mosa. The board's role is to monitor Mosa Industrial's management team and ensure that shareholders' interests are well served. Mosa Industrial'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, Mosa Industrial's outside directors are responsible for providing unbiased perspectives on the board's policies.
FengTsung ChengIndependent DirectorProfile
Meili CaiDirectorProfile
Chonghong LiaoIndependent DirectorProfile
Charles WangChairman of the Board, General ManagerProfile
De WangChairman PresProfile
Wenhui LinDirectorProfile
Mingzhi LiDirectorProfile
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