Aminologics CoLtd Correlations
| 074430 Stock | KRW 915.00 2.00 0.22% |
The current 90-days correlation between Aminologics CoLtd and Moadata Co is 0.33 (i.e., Weak diversification). The correlation of Aminologics CoLtd 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.
Aminologics CoLtd Correlation With Market
Good diversification
The correlation between Aminologics CoLtd and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aminologics CoLtd and DJI in the same portfolio, assuming nothing else is changed.
Aminologics |
The ability to find closely correlated positions to Aminologics CoLtd could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aminologics CoLtd 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 Aminologics CoLtd - 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 Aminologics CoLtd to buy it.
Related Correlations Analysis
| -0.24 | -0.42 | 0.43 | -0.38 | 0.01 | 288980 | ||
| -0.24 | 0.67 | -0.13 | 0.77 | 0.67 | 020150 | ||
| -0.42 | 0.67 | 0.11 | 0.82 | 0.78 | 138490 | ||
| 0.43 | -0.13 | 0.11 | 0.16 | 0.19 | 417200 | ||
| -0.38 | 0.77 | 0.82 | 0.16 | 0.67 | 104830 | ||
| 0.01 | 0.67 | 0.78 | 0.19 | 0.67 | 038110 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Aminologics Stock performing well and Aminologics CoLtd 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 Aminologics CoLtd'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 288980 | 2.11 | (0.32) | 0.00 | (0.41) | 0.00 | 5.01 | 12.86 | |||
| 020150 | 2.78 | 0.24 | 0.08 | 0.35 | 2.89 | 6.35 | 23.27 | |||
| 138490 | 1.33 | 0.31 | 0.21 | 0.35 | 1.22 | 2.84 | 10.84 | |||
| 417200 | 2.42 | 0.23 | 0.08 | 0.12 | 2.46 | 5.79 | 26.41 | |||
| 104830 | 2.13 | 0.37 | 0.17 | 1.81 | 2.07 | 5.54 | 17.86 | |||
| 038110 | 1.51 | 0.16 | 0.09 | 0.21 | 1.66 | 3.40 | 9.10 |
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Aminologics CoLtd Corporate Management
Elected by the shareholders, the Aminologics CoLtd's board of directors comprises two types of representatives: Aminologics CoLtd inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aminologics. The board's role is to monitor Aminologics CoLtd's management team and ensure that shareholders' interests are well served. Aminologics CoLtd's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aminologics CoLtd's outside directors are responsible for providing unbiased perspectives on the board's policies.
| HunYeol Yun | Chief Officer | Profile | |
| KyungII Kim | President | Profile | |
| JaeGwan Lee | Managing Director | Profile | |
| WonSup Kim | Managing Division | Profile |