Automobile Correlations

015260 Stock

480.00 5.00 1.03%

The current 90-days correlation between Automobile Pc and Inzi Display CoLtd is 0.24 (i.e., Modest diversification). The correlation of Automobile 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.

Automobile Correlation With Market

Good diversification

The correlation between Automobile Pc 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 Automobile Pc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Automobile Stock

0.64	005380	Hyundai Motor	Pair Corr
0.84	066570	LG Electronics	Pair Corr

Moving against Automobile Stock

0.38	005490	POSCO Holdings	Pair Corr
0.37	005930	Samsung Electronics	Pair Corr
0.36	005935	Samsung Electronics	Pair Corr

Related Correlations Analysis

	005680	034220	008060	011230	009320	023770	037330	068290
005680		0.25	0.59	-0.19	0.32	-0.06	-0.06	0.14	005680
034220	0.25		0.23	-0.36	0.01	0.18	0.5	0.67	034220
008060	0.59	0.23		0.25	0.68	0.54	-0.04	0.18	008060
011230	-0.19	-0.36	0.25		0.18	0.27	-0.38	-0.43	011230
009320	0.32	0.01	0.68	0.18		0.63	0.0	0.11	009320
023770	-0.06	0.18	0.54	0.27	0.63		-0.11	0.25	023770
037330	-0.06	0.5	-0.04	-0.38	0.0	-0.11		0.52	037330
068290	0.14	0.67	0.18	-0.43	0.11	0.25	0.52		068290
	005680	034220	008060	011230	009320	023770	037330	068290

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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

009320	+ 0.68	008060
068290	+ 0.67	034220
023770	+ 0.63	009320
008060	+ 0.59	005680
023770	+ 0.54	008060
068290	+ 0.52	037330

High negative correlations

068290	- 0.43	011230
037330	- 0.38	011230
011230	- 0.36	034220
011230	- 0.19	005680
037330	- 0.11	023770
037330	- 0.06	005680

Risk-Adjusted Indicators

There is a big difference between Automobile Stock performing well and Automobile 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 Automobile'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
005680	0.66	0.04	0.14	(11.35)	0.67	(0.80)	1.42	(1.07)	5.49
034220	1.29	0.05	0.06	0.24	1.76	(1.26)	2.34	(2.78)	10.25
008060	0.49	0.13	0.34	0.87	0.34	(0.61)	1.73	(0.88)	3.16
011230	2.40	0.56	0.27	1.82	1.78	(3.44)	7.08	(3.69)	16.79
009320	0.63	0.07	0.15	0.93	0.80	(0.70)	1.19	(1.27)	9.40
023770	1.56	0.04	0.05	0.59	1.72	(1.96)	3.98	(2.95)	13.39
037330	0.70	0.00	0.00	(0.07)	0.00	0.00	1.62	(1.46)	5.68
068290	1.44	0.04	0.05	0.05	1.66	(1.66)	2.83	(2.52)	12.07

Be your own money manager

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

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

EungShik Shin	Ex Officer	Profile
DongWon Shin	Ex Officer	Profile
WookJong Hong	Ex Officer	Profile
JunHyung Jeon	Ex Officer	Profile
EuiTak Kim	Ex Officer	Profile
BongGyu Lim	Ex Officer	Profile
YoungSub Kim	Ex Officer	Profile

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