Yungshin Construction Correlations
| 5508 Stock | TWD 165.50 2.50 1.53% |
The current 90-days correlation between Yungshin Construction and MedFirst Healthcare Services is 0.24 (i.e., Modest diversification). The correlation of Yungshin Construction 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.
Yungshin Construction Correlation With Market
Average diversification
The correlation between Yungshin Construction Developm and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yungshin Construction Developm and DJI in the same portfolio, assuming nothing else is changed.
Yungshin |
The ability to find closely correlated positions to Yungshin Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yungshin Construction 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 Yungshin Construction - 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 Yungshin Construction Development to buy it.
Moving together with Yungshin Stock
Moving against Yungshin Stock
| 0.68 | 0057 | Fubon MSCI Taiwan | PairCorr |
| 0.66 | 1442 | Advancetek Enterprise | PairCorr |
| 0.66 | 0050 | YuantaP shares Taiwan | PairCorr |
| 0.58 | 2545 | Huang Hsiang Construction | PairCorr |
| 0.55 | 0053 | YuantaP shares Taiwan | PairCorr |
| 0.38 | 8072 | AV Tech Corp | PairCorr |
| 0.34 | 1416 | Kwong Fong Industries | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Yungshin Stock performing well and Yungshin Construction 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 Yungshin Construction'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 4175 | 0.34 | (0.06) | 0.00 | 1.42 | 0.00 | 0.57 | 2.15 | |||
| 4104 | 0.27 | (0.05) | 0.00 | (0.24) | 0.00 | 0.46 | 1.82 | |||
| 4164 | 1.35 | (0.15) | 0.00 | (0.38) | 0.00 | 3.46 | 12.81 | |||
| 5907 | 3.26 | 0.53 | 0.12 | 2.06 | 3.12 | 9.86 | 17.79 | |||
| 5871 | 1.52 | (0.29) | 0.00 | (4.35) | 0.00 | 2.48 | 17.57 | |||
| 4198 | 2.34 | (0.22) | 0.00 | (0.22) | 0.00 | 5.35 | 16.67 | |||
| 1799 | 3.83 | (1.68) | 0.00 | (2.16) | 0.00 | 7.81 | 19.47 | |||
| 4116 | 0.72 | (0.09) | 0.00 | (0.29) | 0.00 | 1.81 | 5.07 |
Be your own money manager
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Yungshin Construction Corporate Management
Elected by the shareholders, the Yungshin Construction's board of directors comprises two types of representatives: Yungshin Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Yungshin. The board's role is to monitor Yungshin Construction's management team and ensure that shareholders' interests are well served. Yungshin Construction'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, Yungshin Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.
| HsienShu Chiu | VP Department | Profile | |
| JungMing Chen | Pres Officer | Profile | |
| YiChun Chen | Co Officer | Profile | |
| ChenLing Yu | Internal Officer | Profile |