Hotel Shilla Correlations
008775 Stock | 30,250 150.00 0.50% |
The current 90-days correlation between Hotel Shilla and Samsung Electronics Co is 0.39 (i.e., Weak diversification). The correlation of Hotel Shilla 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.
Hotel Shilla Correlation With Market
Average diversification
The correlation between Hotel Shilla Co and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hotel Shilla Co and DJI in the same portfolio, assuming nothing else is changed.
Hotel |
The ability to find closely correlated positions to Hotel Shilla could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hotel Shilla 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 Hotel Shilla - 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 Hotel Shilla Co to buy it.
Moving together with Hotel Stock
0.85 | 005935 | Samsung Electronics | PairCorr |
0.84 | 005930 | Samsung Electronics | PairCorr |
0.68 | 373220 | LG Energy Solution | PairCorr |
0.71 | 207940 | Samsung Biologics | PairCorr |
0.97 | 051915 | LG Chem | PairCorr |
0.97 | 051910 | LG Chemicals | PairCorr |
0.94 | 006400 | Samsung SDI | PairCorr |
0.87 | 005387 | Hyundai Motor | PairCorr |
0.84 | 005385 | Hyundai Motor | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Hotel Stock performing well and Hotel Shilla 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 Hotel Shilla'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
005935 | 1.62 | (0.23) | 0.00 | 0.91 | 0.00 | 2.74 | 10.84 | |||
005930 | 1.63 | (0.24) | 0.00 | 2.37 | 0.00 | 3.52 | 10.64 | |||
373220 | 2.18 | (0.19) | 0.00 | (1.93) | 0.00 | 4.09 | 17.72 | |||
000660 | 2.43 | 0.04 | 0.01 | 0.11 | 2.93 | 4.89 | 11.89 | |||
207940 | 0.91 | (0.09) | 0.00 | (4.31) | 0.00 | 2.57 | 7.43 | |||
051915 | 2.07 | (0.59) | 0.00 | (1.36) | 0.00 | 4.34 | 14.51 | |||
051910 | 1.88 | (0.50) | 0.00 | (1.84) | 0.00 | 4.14 | 12.83 | |||
006400 | 2.45 | (0.64) | 0.00 | 2.16 | 0.00 | 4.45 | 15.04 | |||
005387 | 1.35 | (0.24) | 0.00 | (1.18) | 0.00 | 2.58 | 7.99 | |||
005385 | 1.19 | (0.22) | 0.00 | (2.62) | 0.00 | 2.87 | 7.51 |
Hotel Shilla 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 Hotel Shilla stock to make a market-neutral strategy. Peer analysis of Hotel Shilla could also be used in its relative valuation, which is a method of valuing Hotel Shilla by comparing valuation metrics with similar companies.
Risk & Return | Correlation |