Hanwha InvestmentSecuri Correlations

003530 Stock

3,560 15.00 0.42%

The current 90-days correlation between Hanwha InvestmentSecuri and LEENO Industrial is 0.25 (i.e., Modest diversification). The correlation of Hanwha InvestmentSecuri 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.

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

Related Correlations Analysis

	058470	004410	077360	019770	109860	290720	170030	290720
058470		-0.4	0.78	0.61	0.65	-0.77	0.64	-0.79	058470
004410	-0.4		-0.06	-0.04	-0.23	0.33	-0.01	0.43	004410
077360	0.78	-0.06		0.79	0.66	-0.52	0.79	-0.5	077360
019770	0.61	-0.04	0.79		0.54	-0.45	0.72	-0.42	019770
109860	0.65	-0.23	0.66	0.54		-0.66	0.69	-0.72	109860
290720	-0.77	0.33	-0.52	-0.45	-0.66		-0.45	0.9	290720
170030	0.64	-0.01	0.79	0.72	0.69	-0.45		-0.51	170030
290720	-0.79	0.43	-0.5	-0.42	-0.72	0.9	-0.51		290720
	058470	004410	077360	019770	109860	290720	170030	290720

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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

290720	+ 0.9	290720
019770	+ 0.79	077360
170030	+ 0.79	077360
077360	+ 0.78	058470
170030	+ 0.72	019770
170030	+ 0.69	109860

High negative correlations

290720	- 0.79	058470
290720	- 0.77	058470
290720	- 0.72	109860
290720	- 0.66	109860
290720	- 0.52	077360
290720	- 0.51	170030

Risk-Adjusted Indicators

There is a big difference between Hanwha Stock performing well and Hanwha InvestmentSecuri 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 Hanwha InvestmentSecuri'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
058470	2.11	0.65	0.29	(13.35)	1.61	(2.39)	6.40	(2.98)	9.99
004410	0.87	(0.09)	0.00	(0.92)	0.00	0.00	2.03	(2.61)	8.45
077360	2.27	0.24	0.08	(1.03)	2.72	(2.47)	4.70	(3.97)	13.60
019770	1.44	0.04	0.02	0.06	2.32	(1.37)	3.98	(3.55)	9.51
109860	1.40	0.21	0.13	1.42	1.37	(1.87)	4.33	(2.66)	11.98
290720	1.80	(0.24)	0.00	0.61	0.00	0.00	4.23	(3.85)	12.48
170030	1.49	0.34	0.18	12.54	1.58	(1.71)	5.19	(2.39)	7.58
290720	1.79	(0.20)	0.00	0.46	0.00	0.00	4.23	(3.85)	12.48

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Our tools can tell you how much better you can do entering a position in Hanwha InvestmentSecuri 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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Hanwha InvestmentSecuri Corporate Management

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

DeuckHo Choi	MD Center	Profile
Jinhee Kim	MD Officer	Profile
YongSeok Choi	Deputy Department	Profile
JungWook Shim	MD Division	Profile
JaeMan Lee	Head Mang	Profile
SeokHee Han	Deputy HR	Profile

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