Shinhan Financial Correlations
| 055550 Stock | 48,400 100.00 0.21% |
The current 90-days correlation between Shinhan Financial and Hana Financial is 0.77 (i.e., Poor diversification). The correlation of Shinhan Financial 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.
Shinhan |
The ability to find closely correlated positions to Shinhan Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shinhan Financial 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 Shinhan Financial - 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 Shinhan Financial Group to buy it.
Moving against Shinhan Stock
| 0.67 | 217270 | Daishin Balance 1 | PairCorr |
| 0.59 | 050960 | SOOSAN INT | PairCorr |
| 0.54 | 241840 | ASTORY CoLtd | PairCorr |
| 0.45 | 025950 | Dongsin Engineering | PairCorr |
Related Correlations Analysis
| -0.29 | 0.74 | 0.72 | 0.26 | 0.66 | 448710 | ||
| -0.29 | -0.47 | -0.21 | -0.32 | -0.56 | 005830 | ||
| 0.74 | -0.47 | 0.74 | 0.59 | 0.8 | 023590 | ||
| 0.72 | -0.21 | 0.74 | 0.6 | 0.59 | 086790 | ||
| 0.26 | -0.32 | 0.59 | 0.6 | 0.41 | 211050 | ||
| 0.66 | -0.56 | 0.8 | 0.59 | 0.41 | 032560 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Shinhan Stock performing well and Shinhan Financial 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 Shinhan Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 448710 | 2.43 | 0.26 | 0.11 | (2.99) | 2.45 | 6.36 | 13.98 | |||
| 005830 | 1.37 | (0.09) | 0.00 | 0.25 | 0.00 | 3.85 | 12.50 | |||
| 023590 | 1.21 | 0.25 | 0.21 | (2.03) | 1.06 | 2.77 | 15.47 | |||
| 086790 | 1.13 | 0.11 | 0.09 | (0.44) | 1.37 | 2.89 | 7.13 | |||
| 211050 | 2.01 | 0.25 | 0.09 | 0.96 | 2.64 | 4.12 | 15.92 | |||
| 032560 | 0.62 | 0.09 | 0.15 | 0.88 | 0.58 | 1.73 | 4.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Shinhan Financial 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?
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Shinhan Financial Corporate Management
Elected by the shareholders, the Shinhan Financial's board of directors comprises two types of representatives: Shinhan Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Shinhan. The board's role is to monitor Shinhan Financial's management team and ensure that shareholders' interests are well served. Shinhan Financial'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, Shinhan Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eenkyoon Lee | Deputy COO | Profile | |
| HoMin Wang | Deputy Officer | Profile | |
| Keun Jung | Deputy Group | Profile | |
| Tae Kim | Ex Division | Profile | |
| YongByoung Cho | Chairman CEO | Profile | |
| Taekyung Lee | Deputy CFO | Profile | |
| Cheol Park | Head Relations | Profile |