Hansol Chemica Correlations

014680 Stock

115,900 200.00 0.17%

The current 90-days correlation between Hansol Chemica and Pan Entertainment Co is 0.27 (i.e., Modest diversification). The correlation of Hansol Chemica 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.

Hansol Chemica Correlation With Market

Good diversification

The correlation between Hansol Chemica and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hansol Chemica and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hansol Stock

0.63	005490	POSCO Holdings	Pair Corr
0.72	011170	Lotte Chemical Corp	Pair Corr
0.62	004020	Hyundai Steel	Pair Corr
0.78	005930	Samsung Electronics	Pair Corr
0.86	005935	Samsung Electronics	Pair Corr

Moving against Hansol Stock

0.33

055550

Shinhan Financial

Pair Corr

Related Correlations Analysis

	068050	041920	041020	058630	122870	263720	094360
068050		0.08	0.38	-0.51	0.8	-0.47	0.92	068050
041920	0.08		0.54	0.12	0.16	0.39	0.07	041920
041020	0.38	0.54		-0.21	0.59	0.04	0.28	041020
058630	-0.51	0.12	-0.21		-0.3	0.09	-0.51	058630
122870	0.8	0.16	0.59	-0.3		-0.49	0.71	122870
263720	-0.47	0.39	0.04	0.09	-0.49		-0.36	263720
094360	0.92	0.07	0.28	-0.51	0.71	-0.36		094360
	068050	041920	041020	058630	122870	263720	094360

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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

094360	+ 0.92	068050
122870	+ 0.8	068050
094360	+ 0.71	122870
122870	+ 0.59	041020
041020	+ 0.54	041920
263720	+ 0.39	041920

High negative correlations

094360	- 0.51	058630
058630	- 0.51	068050
263720	- 0.49	122870
263720	- 0.47	068050
094360	- 0.36	263720
122870	- 0.3	058630

Risk-Adjusted Indicators

There is a big difference between Hansol Stock performing well and Hansol Chemica 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 Hansol Chemica'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
068050	2.06	0.45	0.15	1.16	2.43	(2.49)	5.46	(5.35)	16.14
041920	1.69	0.17	0.07	(0.61)	2.31	(1.87)	3.46	(4.04)	18.52
041020	3.25	0.50	0.14	(0.86)	3.14	(4.07)	9.26	(6.53)	25.39
058630	2.05	(0.26)	0.00	0.35	0.00	0.00	3.83	(4.87)	19.91
122870	1.98	0.43	0.18	(1.13)	1.97	(2.18)	4.17	(3.82)	16.98
263720	2.47	0.13	0.04	(0.19)	2.82	(2.86)	7.42	(4.22)	18.93
094360	3.18	0.69	0.20	0.40	3.11	(3.58)	7.82	(5.46)	20.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hansol Chemica 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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Hansol Chemica Corporate Management

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

SangKoo Kim	MD Ulsan	Profile
ChoonRae Nam	Head MD	Profile
JoonYeon Kwak	MD Division	Profile
ByungSub Shim	Managing Mang	Profile
JungWoo Lee	MD Division	Profile

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