Chunghwa Telecom Correlations

Stocks . USA . 
Stock . Chunghwa Telecom Co
CHT Stock  USD 44.45  0.08  0.18%   
The current 90-days correlation between Chunghwa Telecom and America Movil SAB is 0.15 (i.e., Average diversification). The correlation of Chunghwa Telecom 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.

Chunghwa Telecom Correlation With Market

Weak diversification

The correlation between Chunghwa Telecom Co and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chunghwa Telecom Co and DJI in the same portfolio, assuming nothing else is changed.
  
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Moving together with Chunghwa Stock

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Moving against Chunghwa Stock

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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   
KT
+ 0.92
VIV
TLK
+ 0.91
VIV
ASX
+ 0.91
VIV
ASX
+ 0.88
TLK
KT
+ 0.86
AMX
TLK
+ 0.86
KT
  
High negative correlations   
PHI
- 0.51
SKM
PHI
- 0.49
VIV
PHI
- 0.44
TLK
ASX
- 0.42
PHI
PHI
- 0.24
KT

Risk-Adjusted Indicators

There is a big difference between Chunghwa Stock performing well and Chunghwa Telecom 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 Chunghwa Telecom'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.

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