LG Uplus Correlations

032640 Stock

10,860 50.00 0.46%

The current 90-days correlation between LG Uplus and LG Household Healthcare is 0.2 (i.e., Modest diversification). The correlation of LG Uplus 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.

LG Uplus Correlation With Market

Average diversification

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

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

Moving together with 032640 Stock

0.73

036030

KT Hitel

Pair Corr

Moving against 032640 Stock

0.59	065660	AnterogenCoLtd	Pair Corr
0.49	041190	Woori Technology Inv	Pair Corr
0.4	215600	SillaJen	Pair Corr

Related Correlations Analysis

	009830	009320	025860	120240	033240	006890	051905	014915
009830		0.22	0.77	0.17	0.54	0.64	-0.88	0.16	009830
009320	0.22		0.24	0.17	-0.01	0.29	-0.15	-0.09	009320
025860	0.77	0.24		0.31	0.53	0.65	-0.7	-0.08	025860
120240	0.17	0.17	0.31		-0.1	0.03	0.12	-0.14	120240
033240	0.54	-0.01	0.53	-0.1		0.27	-0.67	0.0	033240
006890	0.64	0.29	0.65	0.03	0.27		-0.58	-0.19	006890
051905	-0.88	-0.15	-0.7	0.12	-0.67	-0.58		-0.16	051905
014915	0.16	-0.09	-0.08	-0.14	0.0	-0.19	-0.16		014915
	009830	009320	025860	120240	033240	006890	051905	014915

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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

025860	+ 0.77	009830
006890	+ 0.65	025860
006890	+ 0.64	009830
033240	+ 0.54	009830
033240	+ 0.53	025860
120240	+ 0.31	025860

High negative correlations

051905	- 0.88	009830
051905	- 0.7	025860
051905	- 0.67	033240
051905	- 0.58	006890
014915	- 0.19	006890
014915	- 0.16	051905

Risk-Adjusted Indicators

There is a big difference between 032640 Stock performing well and LG Uplus 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 LG Uplus' 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
009830	2.74	0.69	0.26	2.95	2.30	(3.30)	7.89	(4.66)	21.72
009320	0.81	0.07	0.08	0.99	1.66	(0.86)	1.34	(1.27)	9.40
025860	0.73	0.05	0.11	(1.86)	0.95	(0.78)	1.57	(1.98)	4.66
120240	0.69	0.02	0.10	(0.39)	0.92	(0.72)	1.72	(1.63)	5.06
033240	2.57	0.22	0.11	(0.86)	2.52	(3.58)	6.92	(4.99)	21.63
006890	0.86	0.14	0.16	(1.20)	1.11	(0.97)	2.72	(2.23)	7.89
051905	0.84	(0.18)	0.00	0.52	0.00	0.00	2.66	(2.16)	5.13
014915	1.93	0.17	0.08	1.35	2.53	(2.29)	6.28	(4.95)	20.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in LG Uplus 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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