MEDIPOST Correlations

078160 Stock

KRW 12,350 380.00 3.17%

The current 90-days correlation between MEDIPOST and Lotte Data Communication is 0.32 (i.e., Weak diversification). The correlation of MEDIPOST 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.

MEDIPOST Correlation With Market

Significant diversification

The correlation between MEDIPOST Co and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MEDIPOST Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MEDIPOST Stock

0.72	122870	YG Entertainment	Pair Corr
0.83	065660	AnterogenCoLtd	Pair Corr
0.88	011390	Busan Industrial	Pair Corr
0.76	032640	LG Uplus	Pair Corr
0.64	041510	SM Entertainment	Pair Corr
0.62	003490	Korean Air Lines	Pair Corr
0.69	014940	Oriental Precision	Pair Corr
0.67	071055	Korea Investment Holdings	Pair Corr
0.81	035900	JYP Entertainment	Pair Corr
0.86	035420	Naver	Pair Corr
0.69	153460	Nable Communications	Pair Corr
0.8	039240	Gyeongnam Steel	Pair Corr
0.88	230240	Hana Financial 7	Pair Corr
0.77	241840	ASTORY CoLtd	Pair Corr

Moving against MEDIPOST Stock

0.77	055550	Shinhan Financial	Pair Corr
0.7	005935	Samsung Electronics	Pair Corr
0.66	005930	Samsung Electronics	Pair Corr
0.64	005380	Hyundai Motor	Pair Corr
0.54	227100	Design	Pair Corr

Related Correlations Analysis

	025770	332570	087260	051900	286940	900120	041020	027040
025770		0.56	0.8	0.61	0.73	0.76	-0.11	0.76	025770
332570	0.56		0.61	0.72	0.88	0.79	-0.39	0.69	332570
087260	0.8	0.61		0.68	0.76	0.68	0.01	0.76	087260
051900	0.61	0.72	0.68		0.78	0.77	-0.4	0.68	051900
286940	0.73	0.88	0.76	0.78		0.87	-0.41	0.9	286940
900120	0.76	0.79	0.68	0.77	0.87		-0.49	0.87	900120
041020	-0.11	-0.39	0.01	-0.4	-0.41	-0.49		-0.46	041020
027040	0.76	0.69	0.76	0.68	0.9	0.87	-0.46		027040
	025770	332570	087260	051900	286940	900120	041020	027040

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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

027040	+ 0.9	286940
286940	+ 0.88	332570
900120	+ 0.87	286940
027040	+ 0.87	900120
087260	+ 0.8	025770
900120	+ 0.79	332570

High negative correlations

041020	- 0.49	900120
027040	- 0.46	041020
041020	- 0.41	286940
041020	- 0.4	051900
041020	- 0.39	332570
041020	- 0.11	025770

Risk-Adjusted Indicators

There is a big difference between MEDIPOST Stock performing well and MEDIPOST 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 MEDIPOST'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
025770	0.90	(0.08)	0.00	(0.26)	0.00	0.00	2.23	(1.91)	8.62
332570	1.49	(0.09)	0.00	1.23	0.00	0.00	3.23	(2.83)	9.78
087260	2.26	(0.27)	0.00	0.46	0.00	0.00	6.12	(5.14)	20.59
051900	1.61	(0.22)	0.00	(0.97)	0.00	0.00	3.66	(4.59)	13.42
286940	1.83	(0.32)	0.00	2.33	0.00	0.00	4.34	(5.24)	10.52
900120	2.34	(0.30)	0.00	1.88	0.00	0.00	4.82	(4.60)	18.05
041020	3.08	0.05	0.01	(0.18)	3.45	(3.68)	6.79	(6.53)	25.39
027040	1.31	(0.37)	0.00	(2.11)	0.00	0.00	2.20	(3.11)	10.56

Be your own money manager

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