Taiwan Fund, Inc. (TWN) — Stock Correlations & Overview
Over the past year, TWN has moved most closely with EWT, FLTW, PIE. Explore the stocks most correlated and inversely correlated with TWN below, along with its price, financials, and company profile.
Stocks correlated with TWN
Correlation of daily returns. Higher positive values move with TWN; negative values move opposite it. Informational only, not investment advice.
Most correlated with TWN
| Symbol | Company | Correlation |
|---|---|---|
| EWT | iShares MSCI Taiwan ETF | 0.75 |
| FLTW | Franklin FTSE Taiwan ETF | 0.75 |
| PIE | Invesco Exchange-Traded Fund Trust II Invesco Dorsey Wright Emerging Markets Momentum ETFINVESTMENT ADVICE | 0.74 |
| AVEE | Avantis Emerging Markets Small Cap Equity ETF | 0.71 |
| EEMS | iShares MSCI Emerging Markets Small-Cap ETF | 0.71 |
Most inversely correlated with TWN
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.67 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.67 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.67 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.59 |
| SQQQ | ProShares UltraPro Short QQQ | -0.58 |
Frequently asked questions about TWN correlations
- Which stocks are most correlated with TWN?
- Based on one year of daily returns, the stocks most correlated with Taiwan Fund, Inc. (TWN) are EWT (0.75), FLTW (0.75) and PIE (0.74). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TWN?
- Over the past year, the stocks most inversely correlated with Taiwan Fund, Inc. (TWN) are EDZ (-0.67), EUM (-0.67) and EEV (-0.67). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TWN correlations calculated?
- We compute the correlation of daily returns between TWN and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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