Korea Investment Correlations

071055 Stock

56,800 500.00 0.87%

The current 90-days correlation between Korea Investment Holdings and Playgram Co is 0.3 (i.e., Weak diversification). The correlation of Korea Investment 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.

Korea Investment Correlation With Market

Significant diversification

The correlation between Korea Investment Holdings and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korea Investment Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Korea Stock

0.69

293780

AptaBio Therapeutics

Pair Corr

Moving against Korea Stock

0.8	215480	Daewoo SBI SPAC	Pair Corr
0.52	203650	Dream Security co	Pair Corr

Related Correlations Analysis

	009810	042370	322310	064240	237820	037330	034220	060560
009810		-0.32	-0.36	0.47	0.42	0.59	0.21	0.09	009810
042370	-0.32		0.88	-0.84	0.31	-0.2	0.1	0.48	042370
322310	-0.36	0.88		-0.82	0.19	-0.29	0.15	0.51	322310
064240	0.47	-0.84	-0.82		-0.18	0.3	-0.14	-0.38	064240
237820	0.42	0.31	0.19	-0.18		0.27	0.25	0.53	237820
037330	0.59	-0.2	-0.29	0.3	0.27		0.46	-0.27	037330
034220	0.21	0.1	0.15	-0.14	0.25	0.46		-0.12	034220
060560	0.09	0.48	0.51	-0.38	0.53	-0.27	-0.12		060560
	009810	042370	322310	064240	237820	037330	034220	060560

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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

322310	+ 0.88	042370
037330	+ 0.59	009810
060560	+ 0.53	237820
060560	+ 0.51	322310
060560	+ 0.48	042370
064240	+ 0.47	009810

High negative correlations

064240	- 0.84	042370
064240	- 0.82	322310
060560	- 0.38	064240
322310	- 0.36	009810
042370	- 0.32	009810
037330	- 0.29	322310

Risk-Adjusted Indicators

There is a big difference between Korea Stock performing well and Korea Investment 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 Korea Investment'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
009810	2.18	(0.17)	0.00	(0.79)	0.00	0.00	4.90	(5.23)	15.32
042370	1.65	0.16	0.10	0.51	1.69	(1.98)	4.30	(2.62)	10.81
322310	3.49	0.50	0.13	0.41	3.39	(4.18)	7.62	(4.98)	26.15
064240	2.43	(0.39)	0.00	(1.40)	0.00	0.00	5.28	(4.93)	14.76
237820	2.12	(0.16)	0.00	(0.25)	0.00	0.00	5.34	(3.58)	23.48
037330	0.76	(0.08)	0.00	(0.79)	0.00	0.00	1.62	(2.14)	6.37
034220	1.31	(0.02)	0.00	(0.11)	0.00	0.00	2.34	(2.78)	10.25
060560	2.10	0.20	0.08	0.33	2.15	(3.33)	4.25	(4.97)	35.85

Be your own money manager

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