DYPNF CoLtd Correlations

104460 Stock

KRW 14,780 10.00 0.07%

The current 90-days correlation between DYPNF CoLtd and Korean Drug Co is 0.15 (i.e., Average diversification). The correlation of DYPNF CoLtd 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.

DYPNF CoLtd Correlation With Market

Average diversification

The correlation between DYPNF CoLtd and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DYPNF CoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DYPNF Stock

0.69

336570

Daishin Balance No8

Pair Corr

Moving against DYPNF Stock

0.68	051915	LG Chem	Pair Corr
0.48	291230	Samsung Special Purpose	Pair Corr
0.42	006400	Samsung SDI	Pair Corr

Related Correlations Analysis

	014570	012620	198940	026940	007280	500008	230360	007070
014570		0.73	-0.12	0.76	0.7	-0.42	0.05	-0.58	014570
012620	0.73		0.04	0.74	0.82	-0.23	0.33	-0.63	012620
198940	-0.12	0.04		-0.14	-0.36	0.56	0.67	0.24	198940
026940	0.76	0.74	-0.14		0.74	-0.55	0.07	-0.72	026940
007280	0.7	0.82	-0.36	0.74		-0.48	-0.07	-0.73	007280
500008	-0.42	-0.23	0.56	-0.55	-0.48		0.69	0.66	500008
230360	0.05	0.33	0.67	0.07	-0.07	0.69		0.18	230360
007070	-0.58	-0.63	0.24	-0.72	-0.73	0.66	0.18		007070
	014570	012620	198940	026940	007280	500008	230360	007070

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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

007280	+ 0.82	012620
026940	+ 0.76	014570
026940	+ 0.74	012620
007280	+ 0.74	026940
012620	+ 0.73	014570
007280	+ 0.7	014570

High negative correlations

007070	- 0.73	007280
007070	- 0.72	026940
007070	- 0.63	012620
007070	- 0.58	014570
500008	- 0.55	026940
500008	- 0.48	007280

Risk-Adjusted Indicators

There is a big difference between DYPNF Stock performing well and DYPNF CoLtd 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 DYPNF CoLtd'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
014570	1.26	0.27	0.21	0.71	1.15	(1.72)	3.25	(2.27)	19.20
012620	0.71	0.15	0.28	2.50	0.51	(0.93)	1.83	(1.37)	6.03
198940	1.44	0.07	0.06	0.12	1.67	(1.69)	4.50	(2.58)	10.86
026940	1.68	0.34	0.22	0.40	1.44	(2.28)	4.82	(2.97)	10.11
007280	1.46	0.56	0.46	3.48	0.73	(1.83)	4.52	(2.52)	12.43
500008	1.34	(0.30)	0.00	2.11	0.00	0.00	2.47	(2.81)	7.22
230360	1.19	0.02	0.00	(0.03)	0.00	0.00	2.59	(2.58)	9.88
007070	1.43	(0.38)	0.00	(3.53)	0.00	0.00	1.92	(4.01)	16.16

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