Seah Steel Correlations

003030 Stock

257,000 500.00 0.19%

The current 90-days correlation between Seah Steel Corp and SS TECH is -0.01 (i.e., Good diversification). The correlation of Seah Steel 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.

Seah Steel Correlation With Market

Very good diversification

The correlation between Seah Steel Corp and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seah Steel Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Seah Stock

0.7	005490	POSCO Holdings	Pair Corr
0.72	009830	Hanwha Solutions	Pair Corr
0.67	011170	Lotte Chemical Corp	Pair Corr
0.93	004020	Hyundai Steel	Pair Corr
0.75	006650	Korea Petro Chemical	Pair Corr
0.76	029780	Samsung Card	Pair Corr
0.77	298380	ABL Bio	Pair Corr

Moving against Seah Stock

0.8	041190	Woori Technology Inv	Pair Corr
0.66	215600	SillaJen	Pair Corr
0.63	217330	Cytogen	Pair Corr
0.33	051910	LG Chemicals	Pair Corr

Related Correlations Analysis

	048430	101490	051905	054410	137400	050760	078350
048430		0.65	-0.61	0.49	0.29	0.5	0.6	048430
101490	0.65		-0.74	0.73	0.55	0.62	0.93	101490
051905	-0.61	-0.74		-0.73	-0.37	-0.83	-0.79	051905
054410	0.49	0.73	-0.73		0.59	0.71	0.77	054410
137400	0.29	0.55	-0.37	0.59		0.64	0.71	137400
050760	0.5	0.62	-0.83	0.71	0.64		0.76	050760
078350	0.6	0.93	-0.79	0.77	0.71	0.76		078350
	048430	101490	051905	054410	137400	050760	078350

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

078350	+ 0.93	101490
078350	+ 0.77	054410
078350	+ 0.76	050760
054410	+ 0.73	101490
050760	+ 0.71	054410
078350	+ 0.71	137400

High negative correlations

050760	- 0.83	051905
078350	- 0.79	051905
051905	- 0.74	101490
054410	- 0.73	051905
051905	- 0.61	048430
137400	- 0.37	051905

Risk-Adjusted Indicators

There is a big difference between Seah Stock performing well and Seah Steel 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 Seah Steel'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
048430	2.42	0.36	0.15	1.14	2.35	(3.10)	5.51	(4.40)	20.44
101490	2.25	0.67	0.24	0.95	2.22	(2.48)	6.84	(4.16)	15.23
051905	0.83	(0.13)	0.00	1.00	0.00	0.00	2.15	(1.74)	5.13
054410	1.55	0.19	0.12	0.29	1.74	(1.62)	3.57	(2.99)	9.43
137400	2.31	0.23	0.09	0.29	2.85	(2.37)	4.78	(5.16)	17.55
050760	1.20	0.23	0.20	1.23	1.21	(1.42)	3.56	(1.74)	15.50
078350	2.65	0.73	0.24	0.64	2.44	(3.18)	6.69	(4.09)	13.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Seah Steel 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 Equity Analysis Now

Equity Analysis

Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities

All Next

Launch Module

Seah Steel Corporate Management

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

TaeWuk Kim	MD Corp	Profile
DongGyu Kim	MD Division	Profile
HyungKun Nam	MD Corp	Profile
JinHo Cho	Managing Sales	Profile

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