CBI Co Correlations

013720 Stock

KRW 719.00 2.00 0.28%

The current 90-days correlation between CBI Co and Samyang Foods Co is -0.2 (i.e., Good diversification). The correlation of CBI Co 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.

CBI Co Correlation With Market

Good diversification

The correlation between CBI Co and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CBI Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CBI Stock

0.67

215480

Daewoo SBI SPAC

Pair Corr

Moving against CBI Stock

0.88	008830	Daedong Gear	Pair Corr
0.78	293780	AptaBio Therapeutics	Pair Corr
0.78	071670	A Tech Solution	Pair Corr
0.77	217270	Daishin Balance 1	Pair Corr
0.69	265560	YOUNGHWA TECH	Pair Corr
0.54	106240	Finetechnix CoLtd	Pair Corr
0.34	128540	Ecocab	Pair Corr
0.88	376290	CU Tech Corp	Pair Corr
0.86	008060	Daeduck Electronics	Pair Corr
0.85	281740	Lake Materials	Pair Corr
0.81	018470	Choil Aluminum	Pair Corr
0.8	003920	Namyang Dairy	Pair Corr
0.77	084370	Eugene Technology CoLtd	Pair Corr
0.73	128660	PJ Metal	Pair Corr
0.71	048910	Daewon Media	Pair Corr
0.71	272290	INNOX Advanced Materials	Pair Corr
0.7	265560	Young Hwa Tech	Pair Corr
0.69	001390	Kg Chemical	Pair Corr
0.63	036000	YeaRimDang Publishing	Pair Corr
0.62	036930	JUSUNG ENGINEERING	Pair Corr
0.6	068050	Pan Entertainment	Pair Corr
0.44	099410	Dongbang Ship Machinery	Pair Corr
0.89	065680	UJU Electronics	Pair Corr
0.82	122870	YG Entertainment	Pair Corr
0.82	195870	Haesung DS	Pair Corr
0.78	100840	SNTEnergy	Pair Corr
0.78	240810	Wonik Ips	Pair Corr
0.77	196170	ALTEOGEN	Pair Corr

Related Correlations Analysis

	003230	005610	109860	120240	011150	011155	900340
003230		0.51	0.4	0.53	0.57	-0.41	-0.57	003230
005610	0.51		0.18	0.57	0.24	-0.02	-0.27	005610
109860	0.4	0.18		0.58	0.22	-0.39	-0.54	109860
120240	0.53	0.57	0.58		0.61	0.06	-0.64	120240
011150	0.57	0.24	0.22	0.61		0.17	-0.46	011150
011155	-0.41	-0.02	-0.39	0.06	0.17		0.2	011155
900340	-0.57	-0.27	-0.54	-0.64	-0.46	0.2		900340
	003230	005610	109860	120240	011150	011155	900340

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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

011150	+ 0.61	120240
120240	+ 0.58	109860
011150	+ 0.57	003230
120240	+ 0.57	005610
120240	+ 0.53	003230
005610	+ 0.51	003230

High negative correlations

900340	- 0.64	120240
900340	- 0.57	003230
900340	- 0.54	109860
900340	- 0.46	011150
011155	- 0.41	003230
011155	- 0.39	109860

Risk-Adjusted Indicators

There is a big difference between CBI Stock performing well and CBI Co 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 CBI Co'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
003230	2.34	0.70	0.40	(5.83)	1.60	(2.92)	6.11	(3.28)	17.63
005610	1.39	0.18	0.17	(0.59)	1.57	(1.62)	3.74	(2.49)	11.47
109860	1.51	0.13	0.09	0.24	1.90	(1.76)	4.25	(2.66)	13.30
120240	0.96	0.11	0.12	0.69	1.37	(0.98)	1.90	(2.03)	9.54
011150	1.71	0.17	0.10	0.92	2.44	(1.83)	4.28	(3.09)	18.61
011155	3.45	0.18	0.06	0.24	3.56	(6.84)	15.97	(7.35)	43.60
900340	2.07	(0.40)	0.00	(2.16)	0.00	0.00	4.26	(5.51)	12.16

Be your own money manager

Our tools can tell you how much better you can do entering a position in CBI Co 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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