Korea Electronic Correlations

041460 Stock

KRW 3,325 25.00 0.75%

The current 90-days correlation between Korea Electronic Cer and A Tech Solution Co is 0.38 (i.e., Weak diversification). The correlation of Korea Electronic 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.

Korea Electronic Correlation With Market

Average diversification

The correlation between Korea Electronic Certification 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 Korea Electronic Certification and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Korea Stock

0.7	005935	Samsung Electronics	Pair Corr
0.69	005930	Samsung Electronics	Pair Corr
0.72	000660	SK Hynix	Pair Corr
0.62	005490	POSCO Holdings	Pair Corr
0.69	011200	HMM Co	Pair Corr

Related Correlations Analysis

	026890	071670	050760	088290	101490	042370	010280
026890		-0.19	-0.37	-0.45	-0.28	-0.46	-0.6	026890
071670	-0.19		0.7	0.02	0.58	0.8	0.23	071670
050760	-0.37	0.7		0.12	0.55	0.78	0.35	050760
088290	-0.45	0.02	0.12		0.6	0.25	0.77	088290
101490	-0.28	0.58	0.55	0.6		0.64	0.6	101490
042370	-0.46	0.8	0.78	0.25	0.64		0.37	042370
010280	-0.6	0.23	0.35	0.77	0.6	0.37		010280
	026890	071670	050760	088290	101490	042370	010280

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

042370	+ 0.8	071670
042370	+ 0.78	050760
010280	+ 0.77	088290
050760	+ 0.7	071670
042370	+ 0.64	101490
101490	+ 0.6	088290

High negative correlations

010280	- 0.6	026890
042370	- 0.46	026890
088290	- 0.45	026890
050760	- 0.37	026890
101490	- 0.28	026890
071670	- 0.19	026890

Risk-Adjusted Indicators

There is a big difference between Korea Stock performing well and Korea Electronic 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 Korea Electronic'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
026890	1.68	0.15	0.08	0.20	1.86	(1.91)	3.46	(3.28)	8.46
071670	1.73	0.19	0.10	0.19	1.79	(2.45)	5.11	(3.40)	15.29
050760	1.11	0.16	0.14	0.40	1.25	(1.26)	2.80	(1.74)	15.50
088290	2.83	0.60	0.18	(1.02)	3.03	(3.49)	8.55	(4.41)	25.20
101490	2.31	0.41	0.13	0.32	2.65	(2.40)	6.84	(4.64)	15.95
042370	1.67	0.15	0.10	0.37	1.73	(1.98)	4.30	(2.62)	10.81
010280	1.85	0.27	0.10	(1.09)	2.95	(2.25)	3.54	(2.34)	47.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Korea Electronic 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 Fundamentals Comparison Now

Fundamentals Comparison

Compare fundamentals across multiple equities to find investing opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC