Celltrion Correlations

068270 Stock

194,400 500.00 0.26%

The current 90-days correlation between Celltrion and Gyeongnam Steel Co is 0.08 (i.e., Significant diversification). The correlation of Celltrion 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.

Celltrion Correlation With Market

Good diversification

The correlation between Celltrion 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 Celltrion and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Celltrion Stock

0.69	005380	Hyundai Motor	Pair Corr
0.64	005385	Hyundai Motor	Pair Corr

Moving against Celltrion Stock

0.6	041510	SM Entertainment	Pair Corr
0.5	032830	Samsung Life	Pair Corr
0.44	105560	KB Financial Group	Pair Corr
0.36	316140	Woori Financial Group	Pair Corr
0.7	003535	Hanwha InvestmentSecuri	Pair Corr
0.7	012330	Hyundai Mobis	Pair Corr
0.67	311960	311960	Pair Corr
0.65	122870	YG Entertainment	Pair Corr
0.59	003920	Namyang Dairy	Pair Corr
0.51	038390	RedcapTour Split	Pair Corr
0.51	003490	Korean Air Lines	Pair Corr
0.5	013890	Zinus Inc	Pair Corr
0.44	071055	Korea Investment Holdings	Pair Corr
0.44	205470	Humasis	Pair Corr
0.36	035900	JYP Entertainment	Pair Corr
0.34	035420	Naver	Pair Corr

Related Correlations Analysis

	068270	039240	122870	059100	153460	071055	011390	241840	003920	032640
068270		0.11	-0.65	0.18	-0.07	-0.44	-0.11	0.18	-0.59	-0.25	068270
039240	0.11		0.39	0.38	0.84	0.35	0.89	0.74	-0.2	0.49	039240
122870	-0.65	0.39		0.32	0.46	0.76	0.62	0.48	0.2	0.76	122870
059100	0.18	0.38	0.32		0.26	0.27	0.36	0.61	-0.46	0.36	059100
153460	-0.07	0.84	0.46	0.26		0.4	0.79	0.7	-0.14	0.58	153460
071055	-0.44	0.35	0.76	0.27	0.4		0.61	0.48	0.03	0.68	071055
011390	-0.11	0.89	0.62	0.36	0.79	0.61		0.73	-0.07	0.65	011390
241840	0.18	0.74	0.48	0.61	0.7	0.48	0.73		-0.34	0.72	241840
003920	-0.59	-0.2	0.2	-0.46	-0.14	0.03	-0.07	-0.34		-0.18	003920
032640	-0.25	0.49	0.76	0.36	0.58	0.68	0.65	0.72	-0.18		032640
	068270	039240	122870	059100	153460	071055	011390	241840	003920	032640

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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

011390	+ 0.89	039240
153460	+ 0.84	039240
011390	+ 0.79	153460
071055	+ 0.76	122870
032640	+ 0.76	122870
241840	+ 0.74	039240

High negative correlations

122870	- 0.65	068270
003920	- 0.59	068270
003920	- 0.46	059100
071055	- 0.44	068270
003920	- 0.34	241840
032640	- 0.25	068270

Risk-Adjusted Indicators

There is a big difference between Celltrion Stock performing well and Celltrion 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 Celltrion'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
068270	1.59	0.00	(0.02)	(0.03)	2.10	(1.55)	4.00	(3.52)	8.25
039240	3.17	1.08	0.27	(1.16)	2.68	(3.68)	10.98	(3.11)	40.27
122870	2.16	0.51	0.18	(2.12)	2.10	(2.34)	6.04	(4.00)	13.80
059100	1.11	0.12	0.06	50.53	1.11	(1.59)	3.06	(2.42)	8.75
153460	0.84	0.06	0.02	(0.17)	0.82	(1.44)	2.91	(1.77)	6.25
071055	1.05	0.06	0.01	(0.30)	1.38	(1.14)	2.20	(2.44)	8.96
011390	3.56	0.80	0.20	1.72	3.28	(4.56)	10.02	(5.41)	43.62
241840	2.20	0.29	0.09	(0.89)	2.32	(2.70)	6.35	(3.35)	18.05
003920	26.89	12.03	0.58	1.01	10.98	(25.92)	4.42	(5.13)	990.15
032640	0.93	0.12	0.08	0.33	1.10	(1.02)	2.85	(2.07)	7.47

Be your own money manager

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