Samyung Trading Correlations

002810 Stock

12,600 70.00 0.55%

The current 90-days correlation between Samyung Trading and KCC Engineering Construction is 0.03 (i.e., Significant diversification). The correlation of Samyung Trading 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.

Samyung Trading Correlation With Market

Significant diversification

The correlation between Samyung Trading Co and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samyung Trading Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Samyung Stock

0.42	053080	Wonbang Tech	Pair Corr
0.37	293780	AptaBio Therapeutics	Pair Corr
0.35	033240	Jahwa Electron	Pair Corr

Related Correlations Analysis

	021320	026150	051900	088910	012205	052690	109960	118000
021320		0.07	0.15	0.23	-0.09	-0.54	0.48	-0.15	021320
026150	0.07		-0.21	0.72	0.53	0.22	0.36	0.42	026150
051900	0.15	-0.21		-0.27	-0.75	-0.06	0.07	0.01	051900
088910	0.23	0.72	-0.27		0.61	0.19	0.06	0.41	088910
012205	-0.09	0.53	-0.75	0.61		0.14	-0.06	0.28	012205
052690	-0.54	0.22	-0.06	0.19	0.14		-0.32	0.69	052690
109960	0.48	0.36	0.07	0.06	-0.06	-0.32		-0.02	109960
118000	-0.15	0.42	0.01	0.41	0.28	0.69	-0.02		118000
	021320	026150	051900	088910	012205	052690	109960	118000

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

088910	+ 0.72	026150
118000	+ 0.69	052690
012205	+ 0.61	088910
012205	+ 0.53	026150
109960	+ 0.48	021320
118000	+ 0.42	026150

High negative correlations

012205	- 0.75	051900
052690	- 0.54	021320
109960	- 0.32	052690
088910	- 0.27	051900
051900	- 0.21	026150
118000	- 0.15	021320

Risk-Adjusted Indicators

There is a big difference between Samyung Stock performing well and Samyung Trading 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 Samyung Trading'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
021320	0.91	0.03	0.02	(0.11)	1.17	(0.96)	2.20	(2.23)	5.01
026150	2.00	0.14	0.06	(0.50)	2.07	(2.52)	5.63	(3.33)	12.48
051900	1.40	(0.12)	0.00	0.25	0.00	0.00	3.64	(3.60)	12.69
088910	0.82	0.07	0.05	(0.63)	1.10	(0.86)	2.08	(2.07)	5.65
012205	1.84	0.17	0.07	0.30	2.23	(2.26)	4.88	(3.95)	13.67
052690	2.06	0.02	0.00	0.03	3.88	(1.99)	3.89	(6.29)	19.25
109960	3.15	(0.11)	0.00	0.69	0.00	0.00	7.57	(6.48)	31.19
118000	1.92	(0.07)	0.00	0.14	0.00	0.00	4.15	(4.17)	21.51

Be your own money manager

Our tools can tell you how much better you can do entering a position in Samyung Trading 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.

Did you try this?

Run Stock Tickers Now

Stock Tickers

Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC