KTB Investment Correlations

030210 Stock   3,120  45.00  1.46%   
The current 90-days correlation between KTB Investment Securities and AptaBio Therapeutics is 0.16 (i.e., Average diversification). The correlation of KTB Investment 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.

KTB Investment Correlation With Market

Good diversification

The correlation between KTB Investment Securities and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KTB Investment Securities and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to KTB Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KTB Investment 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 KTB Investment - 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 KTB Investment Securities to buy it.

Moving together with KTB Stock

  0.76293780 AptaBio TherapeuticsPairCorr
  0.61215480 Daewoo SBI SPACPairCorr
  0.81302430 InnometryPairCorr
  0.79033240 Jahwa ElectronPairCorr
  0.79053080 Wonbang TechPairCorr

Moving against KTB Stock

  0.79003535 Hanwha InvestmentSecuriPairCorr
  0.75122870 YG EntertainmentPairCorr
  0.73071055 Korea Investment HoldingsPairCorr
  0.72041510 SM EntertainmentPairCorr
  0.69003490 Korean Air LinesPairCorr
  0.67035420 NaverPairCorr
  0.66035900 JYP EntertainmentPairCorr
  0.61012330 Hyundai MobisPairCorr
  0.59032640 LG UplusPairCorr
  0.54205470 HumasisPairCorr
  0.47078160 MEDIPOSTPairCorr
  0.46011390 Busan IndustrialPairCorr
  0.45065660 AnterogenCoLtdPairCorr
  0.41003920 Namyang DairyPairCorr
  0.36153460 Nable CommunicationsPairCorr

Related Correlations Analysis

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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   
011390011390
314140053080
314140293780
036200053080
053080293780
263920053080
  
High negative correlations   
011390053080
011390053080
263920011390
314140011390
263920011390
314140011390

Risk-Adjusted Indicators

There is a big difference between KTB Stock performing well and KTB Investment 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 KTB Investment'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
293780  2.74 (0.41) 0.00  1.40  0.00 
 5.01 
 19.84 
053080  2.29 (0.27) 0.00  1.12  0.00 
 3.98 
 15.14 
011390  3.57  0.79  0.20  1.60  3.29 
 10.02 
 43.62 
011390  3.57  0.79  0.20  1.60  3.29 
 10.02 
 43.62 
006805  1.52  0.11  0.04 (0.94) 1.88 
 2.32 
 37.44 
500015  1.43  0.14  0.06 (12.87) 1.68 
 2.68 
 7.90 
036200  2.61 (0.06) 0.00  0.39  0.00 
 6.07 
 16.12 
314140  1.96 (0.29) 0.00 (0.93) 0.00 
 3.94 
 14.17 
263920  0.77 (0.14) 0.00  0.72  0.00 
 1.17 
 7.39 
00680K  0.97 (0.03) 0.00 (0.12) 0.00 
 2.19 
 8.34 

Be your own money manager

Our tools can tell you how much better you can do entering a position in KTB Investment 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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