Puloon Technology Correlations

094940 Stock

KRW 6,740 140.00 2.03%

The current 90-days correlation between Puloon Technology and Dongsin Engineering Construction is 0.05 (i.e., Significant diversification). The correlation of Puloon Technology 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.

Puloon Technology Correlation With Market

Significant diversification

The correlation between Puloon Technology and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Puloon Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	025950	336260	217270	045340	293780	241840	215480	187870	050960
025950		0.1	-0.28	0.91	0.14	-0.07	0.14	0.02	0.47	025950
336260	0.1		0.54	-0.05	0.61	0.43	0.73	0.7	0.61	336260
217270	-0.28	0.54		-0.46	0.58	0.14	0.68	0.56	0.41	217270
045340	0.91	-0.05	-0.46		-0.03	-0.04	-0.03	-0.09	0.34	045340
293780	0.14	0.61	0.58	-0.03		-0.17	0.8	0.52	0.78	293780
241840	-0.07	0.43	0.14	-0.04	-0.17		0.07	0.02	-0.07	241840
215480	0.14	0.73	0.68	-0.03	0.8	0.07		0.65	0.88	215480
187870	0.02	0.7	0.56	-0.09	0.52	0.02	0.65		0.58	187870
050960	0.47	0.61	0.41	0.34	0.78	-0.07	0.88	0.58		050960
	025950	336260	217270	045340	293780	241840	215480	187870	050960

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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

045340	+ 0.91	025950
050960	+ 0.88	215480
215480	+ 0.8	293780
050960	+ 0.78	293780
215480	+ 0.73	336260
187870	+ 0.7	336260

High negative correlations

045340	- 0.46	217270
217270	- 0.28	025950
241840	- 0.17	293780
187870	- 0.09	045340
050960	- 0.07	241840
241840	- 0.07	025950

Risk-Adjusted Indicators

There is a big difference between Puloon Stock performing well and Puloon Technology 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 Puloon Technology'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
025950	3.11	(0.12)	0.00	0.06	5.51	(3.23)	4.68	(5.29)	36.80
336260	2.32	0.06	(0.03)	(1.02)	2.61	(3.12)	6.06	(5.03)	18.70
217270	1.71	0.00	0.00	0.13	0.00	0.00	3.87	(3.83)	17.65
045340	2.03	(0.02)	(0.02)	0.07	4.11	(2.06)	3.02	(3.61)	32.64
293780	3.07	(0.20)	0.00	0.84	0.00	0.00	6.16	(5.86)	19.84
241840	1.66	0.08	(0.03)	(0.42)	2.04	(1.90)	3.78	(3.35)	10.97
215480	1.25	(0.28)	0.00	0.98	0.00	0.00	2.26	(3.04)	7.36
187870	1.51	(0.13)	0.00	(0.36)	0.00	0.00	2.64	(3.18)	9.28
050960	1.04	(0.32)	0.00	(1.91)	0.00	0.00	2.19	(2.73)	8.76

Be your own money manager

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