Okins Electronics Correlations

080580 Stock

KRW 5,750 290.00 4.80%

The current 90-days correlation between Okins Electronics and Daedong Metals Co is 0.08 (i.e., Significant diversification). The correlation of Okins Electronics 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.

Okins Electronics Correlation With Market

Average diversification

The correlation between Okins Electronics Co and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Okins Electronics Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Okins Stock

0.72	293780	AptaBio Therapeutics	Pair Corr
0.62	298380	ABL Bio	Pair Corr

Moving against Okins Stock

0.43	217330	Cytogen	Pair Corr
0.41	041190	Woori Technology Inv	Pair Corr
0.4	215600	SillaJen	Pair Corr

Related Correlations Analysis

	020400	006360	099410	019770	090370	460850	009190	004105
020400		0.44	0.19	0.33	-0.04	0.3	-0.24	0.66	020400
006360	0.44		0.25	0.49	0.07	0.48	-0.63	0.45	006360
099410	0.19	0.25		0.54	0.45	0.61	-0.43	0.05	099410
019770	0.33	0.49	0.54		0.57	0.93	-0.84	0.39	019770
090370	-0.04	0.07	0.45	0.57		0.7	-0.37	-0.09	090370
460850	0.3	0.48	0.61	0.93	0.7		-0.79	0.31	460850
009190	-0.24	-0.63	-0.43	-0.84	-0.37	-0.79		-0.45	009190
004105	0.66	0.45	0.05	0.39	-0.09	0.31	-0.45		004105
	020400	006360	099410	019770	090370	460850	009190	004105

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

460850	+ 0.93	019770
460850	+ 0.7	090370
004105	+ 0.66	020400
460850	+ 0.61	099410
090370	+ 0.57	019770
019770	+ 0.54	099410

High negative correlations

009190	- 0.84	019770
009190	- 0.79	460850
009190	- 0.63	006360
004105	- 0.45	009190
009190	- 0.43	099410
009190	- 0.37	090370

Risk-Adjusted Indicators

There is a big difference between Okins Stock performing well and Okins Electronics 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 Okins Electronics' 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
020400	1.92	0.07	0.03	0.63	2.06	(2.42)	5.64	(3.93)	13.50
006360	1.51	(0.02)	0.00	(0.03)	0.00	0.00	4.24	(3.44)	12.17
099410	2.51	0.05	0.01	0.08	3.18	(2.61)	6.07	(6.10)	14.40
019770	1.05	0.19	0.13	(0.75)	1.18	(1.11)	2.87	(2.63)	5.78
090370	1.39	0.17	0.08	(0.68)	1.74	(1.43)	3.83	(2.51)	8.75
460850	1.04	0.28	0.22	(3.00)	0.98	(1.25)	2.81	(1.83)	6.95
009190	1.12	(0.29)	0.00	(1.31)	0.00	0.00	2.38	(2.99)	11.11
004105	2.31	0.22	0.08	1.36	2.59	(2.45)	4.68	(4.67)	11.07

Be your own money manager

Our tools can tell you how much better you can do entering a position in Okins Electronics 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.

Did you try this?

Run Headlines Timeline Now

Headlines Timeline

Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity

All Next

Launch Module

Okins Electronics Corporate Management

Elected by the shareholders, the Okins Electronics' board of directors comprises two types of representatives: Okins Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Okins. The board's role is to monitor Okins Electronics' management team and ensure that shareholders' interests are well served. Okins Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Okins Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

SungKyu Park	MD Director	Profile
EunHyeong Pyo	Managing Director	Profile
JongWon Kim	MD Director	Profile
JinKook Jun	Chief Director	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC