Vitzro Tech Correlations

042370 Stock

KRW 7,780 80.00 1.04%

The current 90-days correlation between Vitzro Tech and Atinum Investment Co is 0.11 (i.e., Average diversification). The correlation of Vitzro Tech 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.

Vitzro Tech Correlation With Market

Good diversification

The correlation between Vitzro Tech Co and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vitzro Tech Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Vitzro Stock

0.67

000660

SK Hynix

Pair Corr

Moving against Vitzro Stock

0.48	005380	Hyundai Motor	Pair Corr
0.34	000270	Kia Corp	Pair Corr

Related Correlations Analysis

	021080	005940	001290	093230	089590	003080	277070
021080		-0.27	0.31	0.0	0.29	0.26	0.44	021080
005940	-0.27		-0.66	0.0	-0.43	-0.74	0.46	005940
001290	0.31	-0.66		0.0	0.56	0.59	-0.32	001290
093230	0.0	0.0	0.0		0.0	0.0	0.0	093230
089590	0.29	-0.43	0.56	0.0		0.28	-0.23	089590
003080	0.26	-0.74	0.59	0.0	0.28		-0.23	003080
277070	0.44	0.46	-0.32	0.0	-0.23	-0.23		277070
	021080	005940	001290	093230	089590	003080	277070

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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

003080	+ 0.59	001290
089590	+ 0.56	001290
277070	+ 0.46	005940
277070	+ 0.44	021080
001290	+ 0.31	021080
089590	+ 0.29	021080

High negative correlations

003080	- 0.74	005940
001290	- 0.66	005940
089590	- 0.43	005940
277070	- 0.32	001290
005940	- 0.27	021080
277070	- 0.23	003080

Risk-Adjusted Indicators

There is a big difference between Vitzro Stock performing well and Vitzro Tech 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 Vitzro Tech'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
021080	0.97	(0.05)	0.00	0.23	0.00	0.00	2.68	(2.17)	6.12
005940	0.95	0.10	0.11	0.19	1.09	(1.06)	2.71	(1.76)	6.52
001290	0.75	(0.05)	0.00	2.71	0.00	0.00	1.64	(1.62)	3.81
093230	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
089590	1.07	(0.32)	0.00	1.99	0.00	0.00	2.12	(4.21)	8.65
003080	0.55	(0.03)	0.00	0.50	0.00	0.00	1.20	(1.57)	5.45
277070	2.47	0.10	0.07	(0.79)	2.35	(3.53)	7.14	(4.33)	24.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vitzro Tech 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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Vitzro Tech Corporate Management

Elected by the shareholders, the Vitzro Tech's board of directors comprises two types of representatives: Vitzro Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vitzro. The board's role is to monitor Vitzro Tech's management team and ensure that shareholders' interests are well served. Vitzro Tech's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Vitzro Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.

SangJoon Kim	Managing Director	Profile
Yoo ByungEon	CEO Director	Profile
SangKwon Lee	Director Director	Profile
HwangWoo Kim	Managing Division	Profile
TaekSu Jang	Managing Director	Profile
YongJae Lee	Managing Director	Profile
HyunJin Jung	Managing Director	Profile

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