SAMRYOONG CoLtd Correlations

014970 Stock

KRW 2,830 10.00 0.35%

The current 90-days correlation between SAMRYOONG CoLtd and Sempio Foods Co is -0.02 (i.e., Good diversification). The correlation of SAMRYOONG CoLtd 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.

SAMRYOONG CoLtd Correlation With Market

Good diversification

The correlation between SAMRYOONG CoLtd and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAMRYOONG CoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SAMRYOONG Stock

0.79

217330

Cytogen

Pair Corr

Moving against SAMRYOONG Stock

0.81	009830	Hanwha Solutions	Pair Corr
0.76	298380	ABL Bio	Pair Corr
0.75	006650	Korea Petro Chemical	Pair Corr
0.75	003030	Seah Steel Corp	Pair Corr
0.61	004020	Hyundai Steel	Pair Corr
0.57	293780	AptaBio Therapeutics	Pair Corr
0.5	029780	Samsung Card	Pair Corr
0.42	065660	AnterogenCoLtd	Pair Corr
0.34	005490	POSCO Holdings	Pair Corr

Related Correlations Analysis

	005610	248170	004410	088350	014710	003230	003690
005610		0.38	-0.05	0.1	-0.12	0.43	-0.19	005610
248170	0.38		-0.52	0.44	0.45	0.76	0.2	248170
004410	-0.05	-0.52		-0.49	-0.68	-0.7	-0.27	004410
088350	0.1	0.44	-0.49		0.41	0.64	0.32	088350
014710	-0.12	0.45	-0.68	0.41		0.56	0.38	014710
003230	0.43	0.76	-0.7	0.64	0.56		0.28	003230
003690	-0.19	0.2	-0.27	0.32	0.38	0.28		003690
	005610	248170	004410	088350	014710	003230	003690

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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

003230	+ 0.76	248170
003230	+ 0.64	088350
003230	+ 0.56	014710
014710	+ 0.45	248170
088350	+ 0.44	248170
003230	+ 0.43	005610

High negative correlations

003230	- 0.7	004410
014710	- 0.68	004410
004410	- 0.52	248170
088350	- 0.49	004410
003690	- 0.27	004410
003690	- 0.19	005610

Risk-Adjusted Indicators

There is a big difference between SAMRYOONG Stock performing well and SAMRYOONG CoLtd 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 SAMRYOONG CoLtd'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
005610	1.36	0.25	0.20	(0.86)	1.41	(1.68)	3.74	(2.16)	11.47
248170	1.18	0.13	0.13	2.68	1.27	(1.47)	3.78	(1.97)	10.17
004410	0.62	(0.08)	0.00	21.00	0.00	0.00	1.40	(1.39)	5.48
088350	1.42	0.02	0.05	(0.33)	1.71	(1.71)	3.53	(2.92)	11.07
014710	2.13	0.34	0.13	1.46	2.65	(2.44)	3.95	(2.92)	42.11
003230	2.13	0.54	0.29	1.67	1.67	(2.61)	6.08	(3.28)	17.63
003690	0.95	0.02	0.07	(0.38)	1.10	(1.07)	2.12	(2.09)	5.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in SAMRYOONG CoLtd 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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