Samsung SDI Correlations

Stocks . Korea . 
Stock . Samsung SDI Co
006405 Stock   149,000  6,000  4.20%   
The current 90-days correlation between Samsung SDI and Dongil Metal Co is 0.12 (i.e., Average diversification). The correlation of Samsung SDI 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.

Samsung SDI Correlation With Market

Good diversification

The correlation between Samsung SDI Co and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samsung SDI Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Samsung SDI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samsung SDI 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 Samsung SDI - 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 Samsung SDI Co to buy it.

Moving together with Samsung Stock

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  0.93006400 Samsung SDIPairCorr

Related Correlations Analysis

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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   
009900
+ 0.88
125210
237750
+ 0.81
109860
125210
+ 0.61
109860
048430
+ 0.61
239890
125210
+ 0.61
237750
009900
+ 0.52
109860
  
High negative correlations   
009900
- 0.61
048430
048430
- 0.49
125210
009900
- 0.3
239890
048430
- 0.13
109860
125210
- 0.11
239890

Risk-Adjusted Indicators

There is a big difference between Samsung Stock performing well and Samsung SDI 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 Samsung SDI'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.

Samsung SDI Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Samsung SDI stock to make a market-neutral strategy. Peer analysis of Samsung SDI could also be used in its relative valuation, which is a method of valuing Samsung SDI by comparing valuation metrics with similar companies.
 Risk & Return  Correlation
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