Samlip General Correlations

005610 Stock

61,000 3,500 6.09%

The current 90-days correlation between Samlip General Foods and Jinro Distillers Co is -0.02 (i.e., Good diversification). The correlation of Samlip General 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.

Samlip General Correlation With Market

Significant diversification

The correlation between Samlip General Foods 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 Samlip General Foods and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Samlip Stock

0.65

302430

Innometry

Pair Corr

Moving against Samlip Stock

0.4

033240

Jahwa Electron

Pair Corr

Related Correlations Analysis

	018120	900340	017890	011150	011155	109860	003230	005670
018120		-0.7	0.72	-0.02	-0.59	0.57	0.43	0.17	018120
900340	-0.7		-0.27	0.14	0.47	-0.52	-0.22	-0.28	900340
017890	0.72	-0.27		0.21	-0.61	0.48	0.61	-0.1	017890
011150	-0.02	0.14	0.21		0.01	-0.04	0.48	0.16	011150
011155	-0.59	0.47	-0.61	0.01		-0.46	-0.62	-0.11	011155
109860	0.57	-0.52	0.48	-0.04	-0.46		0.18	0.33	109860
003230	0.43	-0.22	0.61	0.48	-0.62	0.18		0.21	003230
005670	0.17	-0.28	-0.1	0.16	-0.11	0.33	0.21		005670
	018120	900340	017890	011150	011155	109860	003230	005670

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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

017890	+ 0.72	018120
003230	+ 0.61	017890
109860	+ 0.57	018120
109860	+ 0.48	017890
003230	+ 0.48	011150
011155	+ 0.47	900340

High negative correlations

900340	- 0.7	018120
003230	- 0.62	011155
011155	- 0.61	017890
011155	- 0.59	018120
109860	- 0.52	900340
109860	- 0.46	011155

Risk-Adjusted Indicators

There is a big difference between Samlip Stock performing well and Samlip General 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 Samlip General'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
018120	0.34	0.09	0.21	0.68	0.12	(0.45)	1.17	(0.59)	2.89
900340	1.72	(0.10)	0.00	0.49	0.00	0.00	3.73	(3.56)	12.16
017890	0.69	0.27	0.32	1.03	0.43	(0.85)	2.41	(1.04)	5.10
011150	1.63	0.13	0.05	0.81	2.40	(1.72)	4.28	(2.91)	18.61
011155	2.76	0.11	0.03	2.53	3.10	(4.92)	3.96	(5.41)	43.53
109860	1.41	0.08	0.04	0.17	1.75	(1.69)	4.25	(2.42)	13.30
003230	2.16	0.42	0.20	2.07	1.77	(2.62)	6.08	(3.28)	18.08
005670	1.78	(0.01)	0.00	(0.04)	0.00	0.00	4.13	(2.72)	21.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in Samlip General 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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