I Jang Correlations

8342 Stock

TWD 88.30 0.20 0.23%

The current 90-days correlation between I Jang Industrial and Song Shang Electronics is -0.21 (i.e., Very good diversification). The correlation of I Jang 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.

The ability to find closely correlated positions to I Jang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace I Jang 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 I Jang - 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 I Jang Industrial to buy it.

Moving together with 8342 Stock

0.61

2002A

China Steel Corp

Pair Corr

Moving against 8342 Stock

0.44	2317	Hon Hai Precision	Pair Corr
0.43	2454	MediaTek	Pair Corr
0.4	0050	YuantaP shares Taiwan	Pair Corr
0.34	2330	Taiwan Semiconductor	Pair Corr
0.34	2603	Evergreen Marine Corp	Pair Corr
0.34	0057	Fubon MSCI Taiwan	Pair Corr

Related Correlations Analysis

	6156	6626	2379	2458	2616	3006	5302
6156		0.44	-0.46	-0.11	0.42	0.44	0.53	6156
6626	0.44		-0.62	-0.59	0.56	0.55	0.69	6626
2379	-0.46	-0.62		0.67	-0.67	-0.41	-0.6	2379
2458	-0.11	-0.59	0.67		-0.5	-0.38	-0.58	2458
2616	0.42	0.56	-0.67	-0.5		0.67	0.77	2616
3006	0.44	0.55	-0.41	-0.38	0.67		0.9	3006
5302	0.53	0.69	-0.6	-0.58	0.77	0.9		5302
	6156	6626	2379	2458	2616	3006	5302

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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

5302	+ 0.9	3006
5302	+ 0.77	2616
5302	+ 0.69	6626
2458	+ 0.67	2379
3006	+ 0.67	2616
2616	+ 0.56	6626

High negative correlations

2616	- 0.67	2379
2379	- 0.62	6626
5302	- 0.6	2379
2458	- 0.59	6626
5302	- 0.58	2458
2616	- 0.5	2458

Risk-Adjusted Indicators

There is a big difference between 8342 Stock performing well and I Jang 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 I Jang'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
6156	2.55	0.02	(0.02)	(0.22)	3.44	(3.26)	8.86	(6.39)	19.95
6626	2.30	(0.44)	0.00	0.61	0.00	0.00	4.96	(6.17)	26.14
2379	1.30	0.11	0.01	1.55	1.97	(1.32)	2.40	(2.45)	10.23
2458	1.44	0.12	0.01	0.86	1.69	(1.63)	3.53	(2.95)	10.03
2616	0.71	(0.14)	0.00	(0.56)	0.00	0.00	1.46	(1.85)	6.26
3006	1.30	(0.17)	0.00	(0.15)	0.00	0.00	2.33	(2.70)	7.31
5302	0.86	(0.13)	0.00	37.82	0.00	0.00	1.73	(1.89)	6.85

Be your own money manager

Our tools can tell you how much better you can do entering a position in I Jang 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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I Jang Corporate Management

Elected by the shareholders, the I Jang's board of directors comprises two types of representatives: I Jang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 8342. The board's role is to monitor I Jang's management team and ensure that shareholders' interests are well served. I Jang'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, I Jang's outside directors are responsible for providing unbiased perspectives on the board's policies.

Shengqi He	Independent Director	Profile
Taifeng Cai	Senior Manager-Finance	Profile
Xinhe Chen	Director	Profile
Zhaowei Huang	Independent Director	Profile
Xiaoting Shi	Independent Director	Profile
Angus Chen	Chairman Pres	Profile
Xinyue Chen	Chairman of the Board	Profile

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