Vina Technology Correlations

126340 Stock

KRW 24,100 250.00 1.05%

The current 90-days correlation between Vina Technology and Bohae Brewery is 0.13 (i.e., Average diversification). The correlation of Vina 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.

Vina Technology Correlation With Market

Significant diversification

The correlation between Vina Technology Co and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vina Technology Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vina 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 Vina 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 Vina 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 Vina Technology Co to buy it.

Moving against Vina Stock

0.74	086790	Hana Financial	Pair Corr
0.73	021240	COWAY	Pair Corr
0.71	098460	Koh Young Technology	Pair Corr
0.67	029780	Samsung Card	Pair Corr
0.63	047810	Korea Aerospace Indu	Pair Corr
0.56	014680	Hansol Chemica	Pair Corr
0.55	078600	Daejoo Electronic	Pair Corr
0.54	016360	Samsung Securities	Pair Corr
0.43	108490	Robotis CoLtd	Pair Corr

Related Correlations Analysis

	153460	000890	004105	010280	019770	015260	036170	058470
153460		-0.41	0.29	0.47	0.47	-0.43	0.43	0.16	153460
000890	-0.41		-0.29	-0.59	-0.76	0.86	-0.41	-0.52	000890
004105	0.29	-0.29		0.05	0.43	-0.46	-0.09	0.42	004105
010280	0.47	-0.59	0.05		0.74	-0.6	0.67	0.07	010280
019770	0.47	-0.76	0.43	0.74		-0.84	0.53	0.52	019770
015260	-0.43	0.86	-0.46	-0.6	-0.84		-0.27	-0.67	015260
036170	0.43	-0.41	-0.09	0.67	0.53	-0.27		-0.01	036170
058470	0.16	-0.52	0.42	0.07	0.52	-0.67	-0.01		058470
	153460	000890	004105	010280	019770	015260	036170	058470

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

015260	+ 0.86	000890
019770	+ 0.74	010280
036170	+ 0.67	010280
036170	+ 0.53	019770
058470	+ 0.52	019770
010280	+ 0.47	153460

High negative correlations

015260	- 0.84	019770
019770	- 0.76	000890
058470	- 0.67	015260
015260	- 0.6	010280
010280	- 0.59	000890
058470	- 0.52	000890

Risk-Adjusted Indicators

There is a big difference between Vina Stock performing well and Vina 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 Vina 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
153460	1.34	0.07	0.05	0.06	1.48	(1.82)	3.38	(2.56)	8.57
000890	1.44	0.04	0.04	(0.63)	1.75	(1.88)	3.17	(1.96)	15.08
004105	2.70	(0.12)	0.00	(1.32)	0.00	0.00	4.68	(4.67)	27.69
010280	1.86	0.42	0.13	(1.57)	2.84	(2.19)	3.54	(2.34)	47.13
019770	1.00	0.22	0.17	0.41	1.11	(1.07)	2.63	(1.67)	5.78
015260	1.26	(0.46)	0.00	(5.81)	0.00	0.00	2.02	(3.86)	7.52
036170	1.40	0.11	0.07	0.39	1.95	(1.51)	3.37	(3.05)	13.51
058470	2.33	0.43	0.16	0.44	2.32	(2.50)	6.40	(3.03)	14.83

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vina 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.

Did you try this?

Run Portfolio Volatility Now

Portfolio Volatility

Check portfolio volatility and analyze historical return density to properly model market risk

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC