Doosan Pref Correlations

000155 Stock

121,600 8,800 7.80%

The current 90-days correlation between Doosan Pref Shs and Sam Yang Foods is 0.14 (i.e., Average diversification). The correlation of Doosan Pref 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.

Doosan Pref Correlation With Market

Significant diversification

The correlation between Doosan Pref Shs and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Doosan Pref Shs and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Doosan Stock

0.71	222800	SIMMTECH	Pair Corr
0.63	950130	Access Bio	Pair Corr
0.59	000075	Samyang Holdings Corp	Pair Corr
0.55	124560	Taewoong Logistics CoLtd	Pair Corr

Related Correlations Analysis

	060540	288980	263800	003230	080220	045520	037230
060540		-0.21	0.27	0.55	0.16	0.04	0.0	060540
288980	-0.21		0.38	-0.78	0.73	0.82	0.82	288980
263800	0.27	0.38		-0.24	0.25	0.28	0.19	263800
003230	0.55	-0.78	-0.24		-0.5	-0.54	-0.53	003230
080220	0.16	0.73	0.25	-0.5		0.95	0.73	080220
045520	0.04	0.82	0.28	-0.54	0.95		0.77	045520
037230	0.0	0.82	0.19	-0.53	0.73	0.77		037230
	060540	288980	263800	003230	080220	045520	037230

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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

045520	+ 0.95	080220
045520	+ 0.82	288980
037230	+ 0.82	288980
037230	+ 0.77	045520
080220	+ 0.73	288980
037230	+ 0.73	080220

High negative correlations

003230	- 0.78	288980
045520	- 0.54	003230
037230	- 0.53	003230
080220	- 0.5	003230
003230	- 0.24	263800
288980	- 0.21	060540

Risk-Adjusted Indicators

There is a big difference between Doosan Stock performing well and Doosan Pref 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 Doosan Pref'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
060540	2.16	0.09	0.03	(0.13)	2.40	(2.64)	7.91	(4.23)	21.97
288980	2.55	(0.27)	0.00	(0.45)	0.00	0.00	5.97	(4.84)	19.46
263800	2.68	(0.15)	0.00	(0.20)	0.00	0.00	5.56	(4.55)	15.80
003230	2.47	0.50	0.19	1.22	2.24	(3.22)	6.36	(3.94)	17.57
080220	2.56	(0.50)	0.00	(1.89)	0.00	0.00	5.11	(5.31)	12.01
045520	1.15	(0.19)	0.00	(2.27)	0.00	0.00	2.74	(2.68)	11.12
037230	1.25	(0.01)	(0.01)	0.04	1.95	(1.29)	2.59	(3.62)	12.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in Doosan Pref 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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Doosan Pref Corporate Management

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

NakYang Sung	Head VP	Profile
Reginald Bull	Ex Team	Profile
HongSung Moon	Exec Officer	Profile
SungKi Lim	Pres Affairs	Profile
BangSin Kim	Head VP	Profile
SungJin Choi	Head Director	Profile
Min Kim	Ex Director	Profile

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