NSN Correlations

031860 Stock  KRW 1,250  39.00  3.22%   
The current 90-days correlation between NSN Co and Korea Investment Holdings is 0.31 (i.e., Weak diversification). The correlation of NSN 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.

NSN Correlation With Market

NSNDowDiversified AwayNSNDowDiversified Away100%

Good diversification

The correlation between NSN Co and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NSN Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to NSN could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NSN 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 NSN - 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 NSN Co to buy it.

Moving against NSN Stock

  0.79055550 Shinhan FinancialPairCorr
  0.77036460 Korea GasPairCorr
  0.67105560 KB Financial GroupPairCorr
  0.65316140 Woori Financial GroupPairCorr
  0.51032830 Samsung LifePairCorr
  0.37005387 Hyundai MotorPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
001290101160
078020001290
078020101160
073490071055
016610071055
016610001290
  
High negative correlations   
078020073490
001290073490
002810101160
073490101160
001290071055
101160071055

Risk-Adjusted Indicators

There is a big difference between NSN Stock performing well and NSN 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 NSN'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in NSN 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.

Did you try this?

Run Options Analysis Now

   

Options Analysis

Analyze and evaluate options and option chains as a potential hedge for your portfolios
All  Next Launch Module