Wonbang Tech Correlations

053080 Stock

KRW 13,310 150.00 1.11%

The current 90-days correlation between Wonbang Tech and Dongil Metal Co is -0.06 (i.e., Good diversification). The correlation of Wonbang 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.

Wonbang Tech Correlation With Market

Good diversification

The correlation between Wonbang Tech Co and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wonbang Tech Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Wonbang 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 Wonbang 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 Wonbang 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 Wonbang Tech Co to buy it.

Moving together with Wonbang Stock

0.64	005935	Samsung Electronics	Pair Corr
0.67	005930	Samsung Electronics	Pair Corr
0.64	051910	LG Chemicals	Pair Corr
0.77	006400	Samsung SDI	Pair Corr
0.65	005387	Hyundai Motor	Pair Corr
0.72	005385	Hyundai Motor	Pair Corr
0.85	293780	AptaBio Therapeutics	Pair Corr
0.82	215480	Daewoo SBI SPAC	Pair Corr
0.82	302430	Innometry	Pair Corr
0.79	033240	Jahwa Electron	Pair Corr
1.0	053080	Wonbang Tech	Pair Corr

Related Correlations Analysis

	109860	500008	139130	284740	077360	004590	009190	119500
109860		-0.16	-0.18	0.32	0.95	-0.62	0.83	0.21	109860
500008	-0.16		0.51	-0.8	-0.3	0.31	0.15	-0.59	500008
139130	-0.18	0.51		-0.54	-0.28	0.57	0.0	-0.27	139130
284740	0.32	-0.8	-0.54		0.48	-0.41	0.06	0.59	284740
077360	0.95	-0.3	-0.28	0.48		-0.6	0.81	0.39	077360
004590	-0.62	0.31	0.57	-0.41	-0.6		-0.46	-0.1	004590
009190	0.83	0.15	0.0	0.06	0.81	-0.46		0.09	009190
119500	0.21	-0.59	-0.27	0.59	0.39	-0.1	0.09		119500
	109860	500008	139130	284740	077360	004590	009190	119500

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

077360	+ 0.95	109860
009190	+ 0.83	109860
009190	+ 0.81	077360
119500	+ 0.59	284740
004590	+ 0.57	139130
139130	+ 0.51	500008

High negative correlations

284740	- 0.8	500008
004590	- 0.62	109860
004590	- 0.6	077360
119500	- 0.59	500008
284740	- 0.54	139130
009190	- 0.46	004590

Risk-Adjusted Indicators

There is a big difference between Wonbang Stock performing well and Wonbang 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 Wonbang 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
109860	0.51	(0.17)	0.00	(0.78)	0.00	0.00	1.04	(1.13)	4.16
500008	1.02	(0.02)	(0.06)	0.07	1.35	(1.00)	2.30	(2.07)	5.23
139130	0.79	0.11	(0.01)	(75.70)	1.05	(0.82)	1.86	(1.59)	4.85
284740	1.19	(0.01)	0.00	0.45	0.00	0.00	2.71	(2.77)	8.41
077360	1.89	(0.58)	0.00	(3.53)	0.00	0.00	3.75	(3.92)	11.40
004590	0.67	0.15	0.02	(0.85)	0.55	(0.90)	1.23	(1.33)	7.18
009190	2.53	(0.49)	0.00	2.87	0.00	0.00	3.95	(5.31)	31.13
119500	1.19	(0.17)	0.00	2.84	0.00	0.00	2.00	(2.61)	8.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wonbang 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.

Did you try this?

Run Money Flow Index Now

Money Flow Index

Determine momentum by analyzing Money Flow Index and other technical indicators

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