Jahwa Electron Correlations

033240 Stock

12,310 490.00 3.83%

The current 90-days correlation between Jahwa Electron and Hanwha InvestmentSecurities Co is -0.09 (i.e., Good diversification). The correlation of Jahwa Electron 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.

Jahwa Electron Correlation With Market

Good diversification

The correlation between Jahwa Electron and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jahwa Electron and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Jahwa Stock

0.95	254120	Xavis	Pair Corr
0.95	353190	Hurum	Pair Corr
0.67	336570	Daishin Balance No8	Pair Corr
0.77	034830	Korea Real Estate	Pair Corr
0.71	030350	Dragonfly GF Split	Pair Corr

Related Correlations Analysis

	256150	241520	001290	289080	246690	003535	078020	001290
256150		0.52	0.81	0.78	0.78	-0.67	0.63	0.81	256150
241520	0.52		0.68	0.76	0.7	-0.5	0.76	0.68	241520
001290	0.81	0.68		0.89	0.89	-0.72	0.78	1.0	001290
289080	0.78	0.76	0.89		0.97	-0.74	0.94	0.89	289080
246690	0.78	0.7	0.89	0.97		-0.7	0.92	0.89	246690
003535	-0.67	-0.5	-0.72	-0.74	-0.7		-0.64	-0.72	003535
078020	0.63	0.76	0.78	0.94	0.92	-0.64		0.78	078020
001290	0.81	0.68	1.0	0.89	0.89	-0.72	0.78		001290
	256150	241520	001290	289080	246690	003535	078020	001290

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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

001290	+ 1.0	001290
246690	+ 0.97	289080
078020	+ 0.94	289080
078020	+ 0.92	246690
289080	+ 0.89	001290
246690	+ 0.89	001290

High negative correlations

003535	- 0.74	289080
001290	- 0.72	003535
003535	- 0.72	001290
003535	- 0.7	246690
003535	- 0.67	256150
078020	- 0.64	003535

Risk-Adjusted Indicators

There is a big difference between Jahwa Stock performing well and Jahwa Electron 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 Jahwa Electron'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
256150	0.71	(0.19)	0.00	(1.62)	0.00	0.00	1.85	(1.86)	6.97
241520	1.16	(0.16)	0.00	(1.11)	0.00	0.00	1.93	(2.60)	8.84
001290	0.99	(0.19)	0.00	(2.64)	0.00	0.00	2.00	(2.32)	8.73
289080	1.23	(0.50)	0.00	(1.51)	0.00	0.00	1.98	(3.71)	12.35
246690	0.96	(0.36)	0.00	(0.94)	0.00	0.00	1.23	(2.81)	11.61
003535	2.94	0.02	0.03	0.14	3.01	(4.11)	6.53	(4.23)	33.31
078020	0.97	(0.37)	0.00	(1.52)	0.00	0.00	1.84	(2.54)	7.02
001290	0.99	(0.19)	0.00	(2.64)	0.00	0.00	2.00	(2.32)	8.73

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jahwa Electron 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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