DongKook Pharmaceutical Correlations

086450 Stock

KRW 15,600 150.00 0.97%

The current 90-days correlation between DongKook Pharmaceutical and Samsung Electronics Co is 0.35 (i.e., Weak diversification). The correlation of DongKook Pharmaceutical 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.

DongKook Pharmaceutical Correlation With Market

Good diversification

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

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

Moving together with DongKook Stock

0.77	005935	Samsung Electronics	Pair Corr
0.68	005930	Samsung Electronics	Pair Corr
0.64	373220	LG Energy Solution Earnings Call This Week	Pair Corr
0.87	051915	LG Chem	Pair Corr
0.87	051910	LG Chemicals	Pair Corr
0.81	006400	Samsung SDI	Pair Corr

Moving against DongKook Stock

0.81	035900	JYP Entertainment Corp	Pair Corr
0.58	035900	JYP Entertainment	Pair Corr
0.57	402030	Konan Technology	Pair Corr
0.57	031860	NSN Co	Pair Corr
0.57	078160	MEDIPOST	Pair Corr
0.54	006040	Dongwon Ind	Pair Corr
0.45	285490	NOVATECH	Pair Corr
0.34	083650	BHI Co	Pair Corr

Related Correlations Analysis

	005930	005935	000660	034730	005490	005387	005380	005385	000270
005930		0.92	0.39	0.7	0.76	0.75	0.67	0.76	-0.19	005930
005935	0.92		0.2	0.59	0.8	0.8	0.7	0.8	-0.36	005935
000660	0.39	0.2		0.7	0.31	0.37	0.29	0.33	0.18	000660
034730	0.7	0.59	0.7		0.75	0.65	0.49	0.58	-0.14	034730
005490	0.76	0.8	0.31	0.75		0.75	0.55	0.7	-0.57	005490
005387	0.75	0.8	0.37	0.65	0.75		0.89	0.97	-0.16	005387
005380	0.67	0.7	0.29	0.49	0.55	0.89		0.94	0.08	005380
005385	0.76	0.8	0.33	0.58	0.7	0.97	0.94		-0.14	005385
000270	-0.19	-0.36	0.18	-0.14	-0.57	-0.16	0.08	-0.14		000270
	005930	005935	000660	034730	005490	005387	005380	005385	000270

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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	+ 0.97	005387
005385	+ 0.94	005380
005935	+ 0.92	005930
005380	+ 0.89	005387
005490	+ 0.8	005935
005387	+ 0.8	005935

High negative correlations

000270	- 0.57	005490
000270	- 0.36	005935
000270	- 0.19	005930
000270	- 0.16	005387
000270	- 0.14	005385
000270	- 0.14	034730

Risk-Adjusted Indicators

There is a big difference between DongKook Stock performing well and DongKook Pharmaceutical 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 DongKook Pharmaceutical'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
005930	1.66	(0.18)	0.00	3.82	0.00	0.00	3.52	(3.51)	10.64
005935	1.57	(0.20)	0.00	(1.73)	0.00	0.00	2.90	(3.25)	10.84
000660	2.46	0.20	0.06	(1.65)	2.70	(2.74)	5.95	(4.52)	14.36
034730	1.65	0.01	0.00	0.13	1.90	(1.73)	3.55	(2.86)	7.23
005490	1.78	(0.43)	0.00	1.74	0.00	0.00	4.17	(4.52)	17.75
005387	1.34	(0.15)	0.00	0.56	0.00	0.00	2.58	(2.94)	7.99
005380	1.61	(0.21)	0.00	0.48	0.00	0.00	4.73	(3.43)	8.76
005385	1.16	(0.16)	0.00	1.26	0.00	0.00	2.51	(2.17)	6.48
000270	1.66	0.04	0.01	(0.19)	1.90	(1.81)	4.03	(2.95)	9.75

Be your own money manager

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