Grand Korea Correlations

114090 Stock

10,800 120.00 1.12%

The current 90-days correlation between Grand Korea Leisure and Adaptive Plasma Technology is 0.09 (i.e., Significant diversification). The correlation of Grand Korea 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.

Grand Korea Correlation With Market

Average diversification

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

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

Moving against Grand Stock

0.74	007310	Ottogi	Pair Corr
0.66	051900	LG Household Healthcare	Pair Corr
0.48	003240	Taekwang Ind	Pair Corr
0.34	003920	Namyang Dairy	Pair Corr

Related Correlations Analysis

	458870	102710	200710	032560	036800	089970	286940	153460
458870		0.83	0.53	0.71	-0.8	0.73	0.2	0.33	458870
102710	0.83		0.59	0.75	-0.6	0.88	0.3	0.53	102710
200710	0.53	0.59		0.36	-0.48	0.31	0.54	-0.01	200710
032560	0.71	0.75	0.36		-0.62	0.78	0.27	0.25	032560
036800	-0.8	-0.6	-0.48	-0.62		-0.54	-0.11	-0.14	036800
089970	0.73	0.88	0.31	0.78	-0.54		0.15	0.61	089970
286940	0.2	0.3	0.54	0.27	-0.11	0.15		0.05	286940
153460	0.33	0.53	-0.01	0.25	-0.14	0.61	0.05		153460
	458870	102710	200710	032560	036800	089970	286940	153460

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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

089970	+ 0.88	102710
102710	+ 0.83	458870
089970	+ 0.78	032560
032560	+ 0.75	102710
089970	+ 0.73	458870
032560	+ 0.71	458870

High negative correlations

036800	- 0.8	458870
036800	- 0.62	032560
036800	- 0.6	102710
089970	- 0.54	036800
036800	- 0.48	200710
153460	- 0.14	036800

Risk-Adjusted Indicators

There is a big difference between Grand Stock performing well and Grand Korea 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 Grand Korea'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
458870	3.04	0.61	0.22	3.72	2.54	(3.68)	9.13	(4.80)	22.64
102710	2.58	0.80	0.32	32.68	2.14	(3.11)	7.20	(4.51)	14.96
200710	3.33	0.50	0.16	0.53	2.92	(4.24)	8.28	(4.25)	23.97
032560	0.65	0.14	0.23	2.55	0.50	(0.83)	1.73	(0.97)	4.82
036800	0.70	(0.08)	0.00	(7.54)	0.00	0.00	1.64	(1.43)	5.35
089970	2.77	0.81	0.26	0.65	2.74	(3.23)	5.94	(4.78)	16.18
286940	1.30	0.06	0.04	0.08	1.66	(1.35)	3.68	(3.28)	8.45
153460	1.34	0.07	0.05	0.06	1.48	(1.82)	3.38	(2.56)	8.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in Grand Korea 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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Grand Korea Corporate Management

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

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