Sungho Electronics Correlations

043260 Stock

KRW 1,126 57.00 4.82%

The current 90-days correlation between Sungho Electronics Corp and Dongsin Engineering Construction is 0.06 (i.e., Significant diversification). The correlation of Sungho Electronics 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.

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

Moving together with Sungho Stock

0.84	005930	Samsung Electronics	Pair Corr
0.79	005935	Samsung Electronics	Pair Corr
0.94	034730	SK Holdings	Pair Corr
0.95	005490	POSCO Holdings	Pair Corr
0.84	005387	Hyundai Motor	Pair Corr
0.77	005380	Hyundai Motor	Pair Corr
0.82	005385	Hyundai Motor	Pair Corr
0.68	227100	Design	Pair Corr

Moving against Sungho Stock

0.88	122870	YG Entertainment	Pair Corr
0.85	032640	LG Uplus	Pair Corr
0.8	078160	MEDIPOST	Pair Corr
0.63	039240	Gyeongnam Steel	Pair Corr
0.61	065660	AnterogenCoLtd	Pair Corr
0.6	241840	ASTORY CoLtd	Pair Corr
0.5	012330	Hyundai Mobis	Pair Corr
0.93	035420	Naver	Pair Corr
0.93	035900	JYP Entertainment	Pair Corr
0.83	041510	SM Entertainment	Pair Corr
0.74	011390	Busan Industrial	Pair Corr
0.73	153460	Nable Communications	Pair Corr
0.69	071055	Korea Investment Holdings	Pair Corr
0.68	230240	Hana Financial 7	Pair Corr
0.59	003535	Hanwha InvestmentSecuri	Pair Corr
0.44	205470	Humasis	Pair Corr

Related Correlations Analysis

	025950	336260	217270	045340	293780	241840	215480	187870	050960
025950		-0.15	-0.27	0.96	-0.45	0.69	0.49	-0.52	0.98	025950
336260	-0.15		0.47	-0.19	0.61	0.09	0.5	0.7	-0.08	336260
217270	-0.27	0.47		-0.3	0.26	0.07	0.19	0.56	-0.19	217270
045340	0.96	-0.19	-0.3		-0.48	0.67	0.36	-0.58	0.96	045340
293780	-0.45	0.61	0.26	-0.48		-0.49	0.36	0.71	-0.37	293780
241840	0.69	0.09	0.07	0.67	-0.49		0.24	-0.39	0.66	241840
215480	0.49	0.5	0.19	0.36	0.36	0.24		0.39	0.55	215480
187870	-0.52	0.7	0.56	-0.58	0.71	-0.39	0.39		-0.44	187870
050960	0.98	-0.08	-0.19	0.96	-0.37	0.66	0.55	-0.44		050960
	025950	336260	217270	045340	293780	241840	215480	187870	050960

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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

050960	+ 0.98	025950
045340	+ 0.96	025950
050960	+ 0.96	045340
187870	+ 0.71	293780
187870	+ 0.7	336260
241840	+ 0.69	025950

High negative correlations

187870	- 0.58	045340
187870	- 0.52	025950
241840	- 0.49	293780
293780	- 0.48	045340
293780	- 0.45	025950
050960	- 0.44	187870

Risk-Adjusted Indicators

There is a big difference between Sungho Stock performing well and Sungho Electronics 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 Sungho Electronics' 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
025950	5.76	1.51	0.20	(3.86)	5.88	(6.98)	29.69	(10.05)	50.37
336260	2.44	(0.21)	0.00	2.16	0.00	0.00	5.53	(5.04)	18.70
217270	1.87	0.06	0.01	(1.12)	2.22	(2.19)	3.87	(4.49)	18.15
045340	4.84	1.32	0.16	(2.56)	5.94	(5.39)	20.11	(9.81)	53.75
293780	2.56	(0.36)	0.00	6.49	0.00	0.00	5.01	(4.91)	19.84
241840	2.19	0.26	0.09	(2.92)	2.36	(2.76)	6.35	(3.35)	18.05
215480	1.83	0.00	(0.01)	(0.04)	2.17	(2.53)	4.75	(3.12)	23.58
187870	1.65	(0.30)	0.00	0.77	0.00	0.00	2.71	(3.46)	11.28
050960	3.94	0.95	0.17	(0.71)	4.30	(5.30)	18.33	(9.15)	50.41

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sungho Electronics 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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