ICD Correlations

Stocks . Korea . 
Stock . ICD Co
040910 Stock  KRW 6,200  60.00  0.96%   
The current 90-days correlation between ICD Co and APS Holdings is 0.14 (i.e., Average diversification). The correlation of ICD 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.

ICD Correlation With Market

Very good diversification

The correlation between ICD Co and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ICD Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ICD could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ICD 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 ICD - 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 ICD Co to buy it.

Moving together with ICD Stock

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Moving against ICD Stock

  0.52066570 LG ElectronicsPairCorr
  0.45006400 Samsung SDIPairCorr
  0.37051915 LG ChemPairCorr
  0.34034220 LG DisplayPairCorr
  0.32051910 LG ChemicalsPairCorr
  0.31005380 Hyundai MotorPairCorr

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   
036830
+ 0.41
056190
054620
+ 0.3
056190
036830
+ 0.12
054620
036930
+ 0.02
036830
  
High negative correlations   
036930
- 0.49
056190
036930
- 0.28
054620

Risk-Adjusted Indicators

There is a big difference between ICD Stock performing well and ICD 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 ICD'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 ICD 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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