Guyoung Technology Correlations

053270 Stock

KRW 2,270 45.00 2.02%

The current 90-days correlation between Guyoung Technology and Nable Communications is -0.02 (i.e., Good diversification). The correlation of Guyoung Technology 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.

Guyoung Technology Correlation With Market

Average diversification

The correlation between Guyoung Technology Co and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Guyoung Technology Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Guyoung Stock

0.64

034730

SK Holdings

Pair Corr

Moving against Guyoung Stock

0.72	066570	LG Electronics	Pair Corr
0.67	005380	Hyundai Motor	Pair Corr
0.44	000270	Kia Corp	Pair Corr
0.34	105560	KB Financial Group	Pair Corr

Related Correlations Analysis

	153460	014570	026890	099410	013580	006360	010660	073490
153460		0.01	-0.38	0.22	0.6	0.59	0.46	0.01	153460
014570	0.01		-0.16	0.37	0.31	0.24	0.54	0.45	014570
026890	-0.38	-0.16		-0.7	-0.56	-0.14	-0.51	0.23	026890
099410	0.22	0.37	-0.7		0.42	0.17	0.47	-0.14	099410
013580	0.6	0.31	-0.56	0.42		0.64	0.49	-0.2	013580
006360	0.59	0.24	-0.14	0.17	0.64		0.34	0.0	006360
010660	0.46	0.54	-0.51	0.47	0.49	0.34		0.35	010660
073490	0.01	0.45	0.23	-0.14	-0.2	0.0	0.35		073490
	153460	014570	026890	099410	013580	006360	010660	073490

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

006360	+ 0.64	013580
013580	+ 0.6	153460
006360	+ 0.59	153460
010660	+ 0.54	014570
010660	+ 0.49	013580
010660	+ 0.47	099410

High negative correlations

099410	- 0.7	026890
013580	- 0.56	026890
010660	- 0.51	026890
026890	- 0.38	153460
073490	- 0.2	013580
026890	- 0.16	014570

Risk-Adjusted Indicators

There is a big difference between Guyoung Stock performing well and Guyoung Technology 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 Guyoung Technology'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
153460	1.34	0.07	0.05	0.06	1.48	(1.82)	3.38	(2.56)	8.57
014570	1.18	0.15	0.11	0.37	1.26	(1.58)	2.37	(2.27)	19.20
026890	1.54	(0.01)	0.00	(0.05)	0.00	0.00	3.35	(2.93)	8.46
099410	2.63	0.20	0.06	0.16	3.16	(2.89)	6.07	(5.27)	19.53
013580	1.02	0.11	0.11	0.78	1.04	(1.10)	2.77	(1.60)	5.44
006360	1.47	(0.01)	0.00	(0.07)	0.00	0.00	3.46	(3.14)	12.17
010660	1.58	0.02	0.00	(0.02)	0.00	0.00	3.17	(2.93)	17.90
073490	1.57	0.10	0.06	0.20	1.90	(1.58)	3.22	(3.10)	8.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in Guyoung Technology 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 Equity Forecasting Now

Equity Forecasting

Use basic forecasting models to generate price predictions and determine price momentum

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