Dongil Metal Correlations

109860 Stock

KRW 8,240 110.00 1.35%

The current 90-days correlation between Dongil Metal and KMH Hitech Co is 0.4 (i.e., Very weak diversification). The correlation of Dongil Metal 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.

Dongil Metal Correlation With Market

Average diversification

The correlation between Dongil Metal Co and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dongil Metal Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dongil Stock

0.64

009830

Hanwha Solutions

Pair Corr

Moving against Dongil Stock

0.53

217330

Cytogen

Pair Corr

Related Correlations Analysis

	052900	298690	008060	095270	003490	012860	217730	078600
052900		0.12	0.8	0.43	0.41	0.44	0.26	0.82	052900
298690	0.12		-0.35	-0.54	0.67	-0.36	-0.29	0.1	298690
008060	0.8	-0.35		0.71	0.2	0.64	0.43	0.76	008060
095270	0.43	-0.54	0.71		-0.1	0.56	0.28	0.37	095270
003490	0.41	0.67	0.2	-0.1		0.08	-0.17	0.44	003490
012860	0.44	-0.36	0.64	0.56	0.08		0.44	0.49	012860
217730	0.26	-0.29	0.43	0.28	-0.17	0.44		0.18	217730
078600	0.82	0.1	0.76	0.37	0.44	0.49	0.18		078600
	052900	298690	008060	095270	003490	012860	217730	078600

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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

078600	+ 0.82	052900
008060	+ 0.8	052900
078600	+ 0.76	008060
095270	+ 0.71	008060
003490	+ 0.67	298690
012860	+ 0.64	008060

High negative correlations

095270	- 0.54	298690
012860	- 0.36	298690
008060	- 0.35	298690
217730	- 0.29	298690
217730	- 0.17	003490
003490	- 0.1	095270

Risk-Adjusted Indicators

There is a big difference between Dongil Stock performing well and Dongil Metal 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 Dongil Metal'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
052900	1.22	0.30	0.21	0.76	1.38	(1.28)	2.83	(2.19)	8.12
298690	0.91	(0.04)	0.00	(0.29)	0.00	0.00	2.23	(1.72)	6.90
008060	0.49	0.13	0.34	0.87	0.34	(0.61)	1.73	(0.88)	3.16
095270	2.12	0.37	0.20	5.34	1.81	(2.76)	6.34	(3.22)	17.08
003490	1.26	(0.01)	0.00	(0.12)	0.00	0.00	2.69	(3.28)	9.45
012860	1.37	0.20	0.13	0.24	1.50	(1.45)	3.09	(2.96)	8.95
217730	2.26	0.16	0.09	1.12	2.21	(2.92)	5.71	(3.82)	13.76
078600	2.87	0.44	0.14	0.36	2.91	(3.42)	6.46	(4.06)	27.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dongil Metal 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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Dongil Metal Corporate Management

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

KilBong Oh	Chief Officer	Profile
Jung Oh	Managing Director	Profile
TeSung Jung	Managing Director	Profile
Soontaek Oh	President	Profile

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