Hana Financial Correlations

086790 Stock

62,200 200.00 0.32%

The current 90-days correlation between Hana Financial and Kolon Plastics is 0.22 (i.e., Modest diversification). The correlation of Hana Financial 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.

Hana Financial Correlation With Market

Very good diversification

The correlation between Hana Financial and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hana Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hana Stock

0.72	217270	Daishin Balance 1	Pair Corr
0.63	293780	AptaBio Therapeutics	Pair Corr

Moving against Hana Stock

0.74	215480	Daewoo SBI SPAC	Pair Corr
0.6	187870	DeviceENGCOLtd	Pair Corr
0.49	336260	Doosan Fuel Cell	Pair Corr
0.43	045340	Total Soft Bank	Pair Corr

Related Correlations Analysis

	138490	153460	166090	178920	078600	298050	035510	047400
138490		0.58	0.84	0.66	0.74	0.71	0.08	-0.27	138490
153460	0.58		0.57	0.19	0.32	0.43	-0.52	-0.42	153460
166090	0.84	0.57		0.52	0.7	0.57	0.03	-0.48	166090
178920	0.66	0.19	0.52		0.57	0.81	0.4	0.18	178920
078600	0.74	0.32	0.7	0.57		0.63	0.07	-0.03	078600
298050	0.71	0.43	0.57	0.81	0.63		0.09	0.11	298050
035510	0.08	-0.52	0.03	0.4	0.07	0.09		0.23	035510
047400	-0.27	-0.42	-0.48	0.18	-0.03	0.11	0.23		047400
	138490	153460	166090	178920	078600	298050	035510	047400

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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

166090	+ 0.84	138490
298050	+ 0.81	178920
078600	+ 0.74	138490
298050	+ 0.71	138490
078600	+ 0.7	166090
178920	+ 0.66	138490

High negative correlations

035510	- 0.52	153460
047400	- 0.48	166090
047400	- 0.42	153460
047400	- 0.27	138490
047400	- 0.03	078600

Risk-Adjusted Indicators

There is a big difference between Hana Stock performing well and Hana Financial 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 Hana Financial'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
138490	1.34	0.34	0.23	0.39	1.21	(1.58)	3.09	(2.21)	10.84
153460	1.31	0.07	0.05	0.03	1.47	(1.84)	3.38	(2.56)	8.57
166090	3.32	0.95	0.24	0.66	3.08	(3.84)	9.02	(5.91)	23.83
178920	2.31	0.32	0.14	0.90	2.41	(2.68)	7.01	(4.27)	18.10
078600	2.87	0.44	0.14	0.36	2.91	(3.42)	6.46	(4.06)	27.80
298050	1.83	0.22	0.11	0.22	1.94	(2.12)	4.07	(3.27)	17.70
035510	3.14	0.75	0.27	6.62	2.37	(3.71)	9.05	(4.48)	38.43
047400	1.68	(0.11)	0.00	(0.86)	0.00	0.00	3.30	(4.06)	19.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hana Financial 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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Hana Financial Corporate Executives

Elected by the shareholders, the Hana Financial's board of directors comprises two types of representatives: Hana Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hana. The board's role is to monitor Hana Financial's management team and ensure that shareholders' interests are well served. Hana Financial'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, Hana Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Hooseung Lee	EVP CFO	Profile
	ByungJoon Park	Ex COO	Profile

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