HCT Correlations

072990 Stock

9,640 10.00 0.10%

The current 90-days correlation between HCT Co and Samsung Electronics Co is 0.06 (i.e., Significant diversification). The correlation of HCT 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.

HCT Correlation With Market

Significant diversification

The correlation between HCT Co and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HCT Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with HCT Stock

0.66

207940

Samsung Biologics

Pair Corr

Moving against HCT Stock

0.71	051915	LG Chem	Pair Corr
0.62	006400	Samsung SDI	Pair Corr
0.44	373220	LG Energy Solution	Pair Corr
0.32	051910	LG Chemicals	Pair Corr

Related Correlations Analysis

	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385
005935		0.92	0.36	0.24	0.2	-0.2	0.21	0.06	0.21	0.22	005935
005930	0.92		0.21	0.46	0.35	-0.31	0.0	-0.06	0.36	0.35	005930
373220	0.36	0.21		-0.36	-0.28	0.67	0.82	0.76	0.01	-0.03	373220
000660	0.24	0.46	-0.36		0.77	-0.57	-0.53	-0.55	0.47	0.47	000660
207940	0.2	0.35	-0.28	0.77		-0.62	-0.5	-0.63	0.44	0.51	207940
051915	-0.2	-0.31	0.67	-0.57	-0.62		0.76	0.88	-0.19	-0.25	051915
051910	0.21	0.0	0.82	-0.53	-0.5	0.76		0.88	-0.28	-0.34	051910
006400	0.06	-0.06	0.76	-0.55	-0.63	0.88	0.88		-0.17	-0.27	006400
005387	0.21	0.36	0.01	0.47	0.44	-0.19	-0.28	-0.17		0.95	005387
005385	0.22	0.35	-0.03	0.47	0.51	-0.25	-0.34	-0.27	0.95		005385
	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385

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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

005385	+ 0.95	005387
005930	+ 0.92	005935
006400	+ 0.88	051915
006400	+ 0.88	051910
051910	+ 0.82	373220
207940	+ 0.77	000660

High negative correlations

006400	- 0.63	207940
051915	- 0.62	207940
051915	- 0.57	000660
006400	- 0.55	000660
051910	- 0.53	000660
051910	- 0.5	207940

Risk-Adjusted Indicators

There is a big difference between HCT Stock performing well and HCT 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 HCT'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
005935	1.23	0.00	0.08	(0.16)	1.67	(1.29)	2.90	(2.79)	10.27
005930	1.19	0.02	0.12	(0.29)	1.32	(1.51)	3.33	(2.52)	6.80
373220	1.98	(0.22)	0.00	0.86	0.00	0.00	4.42	(4.32)	12.69
000660	2.34	0.53	0.18	0.43	2.68	(2.66)	5.91	(4.52)	19.70
207940	0.48	0.03	0.13	(0.75)	0.60	(1.36)	1.61	(1.58)	5.43
051915	2.06	(0.62)	0.00	(1.16)	0.00	0.00	4.68	(5.04)	16.57
051910	2.24	(0.11)	0.00	(0.33)	0.00	0.00	4.54	(4.75)	15.30
006400	2.25	(0.25)	0.00	(0.59)	0.00	0.00	4.06	(4.91)	12.78
005387	1.16	0.03	0.00	(0.05)	0.00	0.00	2.81	(2.59)	8.28
005385	1.03	0.02	0.00	(0.07)	0.00	0.00	2.10	(2.23)	7.14

HCT Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with HCT stock to make a market-neutral strategy. Peer analysis of HCT could also be used in its relative valuation, which is a method of valuing HCT by comparing valuation metrics with similar companies.

Samsung Electronics Co Samsung Electronics Co LG Energy Solution SK Hynix Samsung Biologics Co LG Chem LG Chemicals Samsung SDI Hyundai Motor Co Hyundai Motor Co American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

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