I Components Correlations

059100 Stock

KRW 4,995 55.00 1.09%

The current 90-days correlation between i Components and Samsung Electronics Co is -0.05 (i.e., Good diversification). The correlation of I Components 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.

I Components Correlation With Market

Good diversification

The correlation between i Components Co and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding i Components Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 059100 Stock

0.76	000660	SK Hynix	Pair Corr
0.77	207940	Samsung Biologics	Pair Corr
0.74	005387	Hyundai Motor	Pair Corr
0.69	005385	Hyundai Motor	Pair Corr
0.68	034730	SK Holdings	Pair Corr

Moving against 059100 Stock

0.74	006400	Samsung SDI	Pair Corr
0.69	373220	LG Energy Solution	Pair Corr
0.64	066570	LG Electronics	Pair Corr
0.36	005490	POSCO Holdings	Pair Corr
0.34	051910	LG Chemicals	Pair Corr

Related Correlations Analysis

	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385
005935		0.82	0.05	0.25	0.03	-0.22	0.23	-0.16	0.25	0.25	005935
005930	0.82		0.05	0.41	0.24	-0.37	0.1	-0.19	0.37	0.33	005930
373220	0.05	0.05		-0.44	-0.38	0.03	0.31	0.81	-0.46	-0.48	373220
000660	0.25	0.41	-0.44		0.65	-0.57	-0.47	-0.58	0.57	0.55	000660
207940	0.03	0.24	-0.38	0.65		-0.26	-0.3	-0.65	0.66	0.63	207940
051915	-0.22	-0.37	0.03	-0.57	-0.26		0.79	0.25	-0.57	-0.55	051915
051910	0.23	0.1	0.31	-0.47	-0.3	0.79		0.39	-0.42	-0.47	051910
006400	-0.16	-0.19	0.81	-0.58	-0.65	0.25	0.39		-0.64	-0.69	006400
005387	0.25	0.37	-0.46	0.57	0.66	-0.57	-0.42	-0.64		0.95	005387
005385	0.25	0.33	-0.48	0.55	0.63	-0.55	-0.47	-0.69	0.95		005385
	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

005385	+ 0.95	005387
005930	+ 0.82	005935
006400	+ 0.81	373220
051910	+ 0.79	051915
005387	+ 0.66	207940
207940	+ 0.65	000660

High negative correlations

005385	- 0.69	006400
006400	- 0.65	207940
005387	- 0.64	006400
006400	- 0.58	000660
005387	- 0.57	051915
051915	- 0.57	000660

Risk-Adjusted Indicators

There is a big difference between 059100 Stock performing well and I Components 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 I Components' 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
005935	1.32	(0.05)	0.05	(0.01)	1.80	(1.34)	2.99	(3.16)	10.27
005930	1.26	0.05	0.09	(0.54)	1.43	(1.51)	3.43	(2.67)	6.80
373220	1.98	(0.17)	0.00	(6.53)	0.00	0.00	4.42	(4.32)	11.41
000660	2.35	0.23	0.10	10.21	2.91	(2.58)	5.95	(4.52)	19.70
207940	0.76	0.12	0.12	0.41	0.81	(1.66)	2.58	(2.24)	7.43
051915	1.92	(0.92)	0.00	1.24	0.00	0.00	2.78	(5.10)	16.57
051910	2.11	(0.33)	0.00	0.82	0.00	0.00	4.40	(6.53)	15.30
006400	2.29	(0.20)	0.00	1.31	0.00	0.00	4.06	(6.08)	11.73
005387	1.19	(0.05)	0.00	0.04	0.00	0.00	3.11	(2.97)	8.28
005385	1.06	(0.04)	0.06	0.03	1.30	(1.23)	2.51	(2.24)	7.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in I Components 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 Crypto Correlations Now

Crypto Correlations

Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins

All Next

Launch Module

I Components Corporate Management

Elected by the shareholders, the I Components' board of directors comprises two types of representatives: I Components inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 059100. The board's role is to monitor I Components' management team and ensure that shareholders' interests are well served. I Components' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, I Components' outside directors are responsible for providing unbiased perspectives on the board's policies.

InKeun Mun	Director Director	Profile
InSun Kim	Director Director	Profile
YangKook Kim	Chief Officer	Profile
MyungJin Kim	Director VP	Profile
WuJun Park	Director Director	Profile

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