Dongwha Enterprise Correlations

025900 Stock

KRW 10,170 50.00 0.49%

The current 90-days correlation between Dongwha Enterprise CoLtd and Ecopro Co is 0.43 (i.e., Very weak diversification). The correlation of Dongwha Enterprise 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.

Dongwha Enterprise Correlation With Market

Good diversification

The correlation between Dongwha Enterprise CoLtd and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dongwha Enterprise CoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dongwha Stock

0.61	004020	Hyundai Steel	Pair Corr
0.67	036930	JUSUNG ENGINEERING	Pair Corr
0.67	013580	Kyeryong Construction	Pair Corr
0.64	214150	CLASSYS	Pair Corr
0.63	018470	Choil Aluminum	Pair Corr
0.83	281740	Lake Materials	Pair Corr
0.68	122870	YG Entertainment	Pair Corr
0.73	083450	Global Standard Tech	Pair Corr
0.83	104830	WONIK Materials CoLtd	Pair Corr

Related Correlations Analysis

	051910	005490	009830	011170	004020	086520	001230	006650	003030	001430
051910		0.33	-0.6	0.29	-0.18	0.74	0.32	-0.56	-0.43	0.51	051910
005490	0.33		0.15	0.88	0.81	0.14	0.72	0.19	0.63	0.71	005490
009830	-0.6	0.15		0.21	0.61	-0.36	-0.11	0.9	0.73	-0.26	009830
011170	0.29	0.88	0.21		0.82	0.1	0.68	0.34	0.64	0.71	011170
004020	-0.18	0.81	0.61	0.82		-0.2	0.54	0.66	0.92	0.44	004020
086520	0.74	0.14	-0.36	0.1	-0.2		0.03	-0.39	-0.36	0.25	086520
001230	0.32	0.72	-0.11	0.68	0.54	0.03		-0.05	0.39	0.66	001230
006650	-0.56	0.19	0.9	0.34	0.66	-0.39	-0.05		0.76	-0.17	006650
003030	-0.43	0.63	0.73	0.64	0.92	-0.36	0.39	0.76		0.27	003030
001430	0.51	0.71	-0.26	0.71	0.44	0.25	0.66	-0.17	0.27		001430
	051910	005490	009830	011170	004020	086520	001230	006650	003030	001430

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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

003030	+ 0.92	004020
006650	+ 0.9	009830
011170	+ 0.88	005490
004020	+ 0.82	011170
004020	+ 0.81	005490
003030	+ 0.76	006650

High negative correlations

009830	- 0.6	051910
006650	- 0.56	051910
003030	- 0.43	051910
006650	- 0.39	086520
003030	- 0.36	086520
086520	- 0.36	009830

Risk-Adjusted Indicators

There is a big difference between Dongwha Stock performing well and Dongwha Enterprise 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 Dongwha Enterprise'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
051910	2.31	(0.17)	0.00	(0.49)	0.00	0.00	4.54	(4.75)	15.30
005490	2.15	0.24	0.13	1.48	2.12	(2.60)	6.87	(4.52)	11.78
009830	2.81	0.43	0.12	0.24	2.94	(3.20)	7.89	(6.29)	21.72
011170	2.81	0.28	0.10	0.42	2.91	(3.44)	7.46	(5.53)	21.16
004020	2.66	0.53	0.21	7.12	2.51	(3.44)	7.06	(4.26)	20.98
086520	2.53	(0.13)	0.00	(0.27)	0.00	0.00	4.74	(5.87)	16.74
001230	0.95	0.04	0.11	(0.66)	1.21	(1.01)	1.84	(2.49)	5.94
006650	2.66	0.57	0.21	0.50	2.41	(3.51)	6.85	(5.24)	21.47
003030	2.48	0.65	0.31	11.62	1.91	(3.26)	7.14	(4.08)	17.07
001430	1.54	(0.02)	0.00	(0.20)	0.00	0.00	3.97	(3.16)	9.67

Be your own money manager

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

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

InCheol Park	Managing Director	Profile
JungTak Moon	Managing Director	Profile
MyungHo Seung	Chairman Officer	Profile
Seung Jung	Internal Auditor	Profile

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