HANA Micron Correlations

067310 Stock

KRW 11,620 360.00 3.01%

The current 90-days correlation between HANA Micron and Korea Zinc is -0.24 (i.e., Very good diversification). The correlation of HANA Micron 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.

HANA Micron Correlation With Market

Good diversification

The correlation between HANA Micron and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HANA Micron and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with HANA Stock

0.76	034830	Korea Real Estate	Pair Corr
0.68	262840	IQuest Co	Pair Corr
0.75	053080	Wonbang Tech	Pair Corr
0.7	376290	CU Tech Corp	Pair Corr
0.78	018470	Choil Aluminum	Pair Corr
0.7	084370	Eugene Technology CoLtd	Pair Corr
0.64	050760	Spolytech	Pair Corr
0.63	009680	Motonic	Pair Corr
0.74	240810	Wonik Ips	Pair Corr
0.66	098460	Koh Young Technology	Pair Corr
0.68	460850	DONGKUK TED METAL	Pair Corr
0.88	265520	Advanced Process Systems	Pair Corr
0.71	065680	UJU Electronics	Pair Corr
0.8	195870	Haesung DS	Pair Corr
0.78	094360	ChipsMedia	Pair Corr
0.63	214150	CLASSYS	Pair Corr
0.79	265560	Young Hwa Tech	Pair Corr
0.62	068050	Pan Entertainment	Pair Corr
0.82	048910	Daewon Media	Pair Corr
0.86	071670	A Tech Solution	Pair Corr
0.8	036930	JUSUNG ENGINEERING	Pair Corr
0.74	017890	Korea Alcohol Industrial	Pair Corr
0.64	100120	Vieworks	Pair Corr
0.61	064820	Cape Industries	Pair Corr
0.77	272290	INNOX Advanced Materials	Pair Corr

Related Correlations Analysis

	010130	000810	011785	051915	051910	298050	011780	097955	005490	097950
010130		-0.12	-0.6	0.72	0.69	-0.58	-0.72	-0.13	0.07	0.7	010130
000810	-0.12		0.59	-0.45	0.01	0.43	0.56	0.68	0.35	0.18	000810
011785	-0.6	0.59		-0.78	-0.4	0.76	0.96	0.64	0.21	-0.19	011785
051915	0.72	-0.45	-0.78		0.73	-0.62	-0.86	-0.59	-0.25	0.43	051915
051910	0.69	0.01	-0.4	0.73		-0.32	-0.48	0.02	0.33	0.68	051910
298050	-0.58	0.43	0.76	-0.62	-0.32		0.78	0.39	0.02	-0.29	298050
011780	-0.72	0.56	0.96	-0.86	-0.48	0.78		0.64	0.28	-0.31	011780
097955	-0.13	0.68	0.64	-0.59	0.02	0.39	0.64		0.76	0.4	097955
005490	0.07	0.35	0.21	-0.25	0.33	0.02	0.28	0.76		0.4	005490
097950	0.7	0.18	-0.19	0.43	0.68	-0.29	-0.31	0.4	0.4		097950
	010130	000810	011785	051915	051910	298050	011780	097955	005490	097950

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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

011780	+ 0.96	011785
011780	+ 0.78	298050
298050	+ 0.76	011785
005490	+ 0.76	097955
051910	+ 0.73	051915
051915	+ 0.72	010130

High negative correlations

011780	- 0.86	051915
051915	- 0.78	011785
011780	- 0.72	010130
298050	- 0.62	051915
011785	- 0.6	010130
097955	- 0.59	051915

Risk-Adjusted Indicators

There is a big difference between HANA Stock performing well and HANA Micron 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 HANA Micron'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
010130	2.16	(0.18)	0.00	0.11	0.00	0.00	3.82	(4.50)	22.84
000810	1.97	(0.12)	0.00	0.11	0.00	0.00	6.44	(3.57)	16.65
011785	1.43	0.16	0.11	0.17	1.49	(1.85)	4.17	(2.50)	11.64
051915	2.03	(0.64)	0.00	(1.31)	0.00	0.00	4.68	(5.04)	16.57
051910	2.31	(0.17)	0.00	(0.49)	0.00	0.00	4.54	(4.75)	15.30
298050	1.98	0.20	0.09	0.18	2.18	(2.24)	5.02	(3.29)	17.70
011780	2.40	0.40	0.15	0.39	2.45	(2.88)	7.53	(4.03)	18.47
097955	0.70	0.06	0.13	0.46	0.97	(0.70)	1.20	(1.24)	4.32
005490	2.15	0.24	0.13	1.48	2.12	(2.60)	6.87	(4.52)	11.78
097950	1.54	(0.08)	0.00	(0.72)	0.00	0.00	2.54	(3.93)	9.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in HANA Micron 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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