T3 Entertainment Correlations

204610 Stock

1,761 59.00 3.24%

The current 90-days correlation between T3 Entertainment and DB Financial Investment is -0.02 (i.e., Good diversification). The correlation of T3 Entertainment 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.

T3 Entertainment Correlation With Market

Average diversification

The correlation between T3 Entertainment Co and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding T3 Entertainment Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to T3 Entertainment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace T3 Entertainment 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 T3 Entertainment - 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 T3 Entertainment Co to buy it.

Moving together with 204610 Stock

0.74

207940

Samsung Biologics

Pair Corr

Moving against 204610 Stock

0.81	051915	LG Chem	Pair Corr
0.72	000400	Lotte Non Life	Pair Corr
0.69	006400	Samsung SDI	Pair Corr
0.64	014820	Dongwon System	Pair Corr

Related Correlations Analysis

	016610	005940	011780	900310	001290	001290	030210
016610		0.9	0.8	0.72	-0.73	-0.69	-0.36	016610
005940	0.9		0.87	0.74	-0.69	-0.67	-0.42	005940
011780	0.8	0.87		0.82	-0.66	-0.69	-0.53	011780
900310	0.72	0.74	0.82		-0.59	-0.66	-0.51	900310
001290	-0.73	-0.69	-0.66	-0.59		0.81	0.24	001290
001290	-0.69	-0.67	-0.69	-0.66	0.81		0.3	001290
030210	-0.36	-0.42	-0.53	-0.51	0.24	0.3		030210
	016610	005940	011780	900310	001290	001290	030210

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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

005940	+ 0.9	016610
011780	+ 0.87	005940
900310	+ 0.82	011780
001290	+ 0.81	001290
011780	+ 0.8	016610
900310	+ 0.74	005940

High negative correlations

001290	- 0.73	016610
001290	- 0.69	011780
001290	- 0.69	005940
001290	- 0.69	016610
001290	- 0.67	005940
001290	- 0.66	900310

Risk-Adjusted Indicators

There is a big difference between 204610 Stock performing well and T3 Entertainment 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 T3 Entertainment'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
016610	0.70	0.15	0.13	3.01	0.90	(0.89)	2.22	(0.85)	6.53
005940	0.97	0.09	0.07	(1.89)	1.09	(1.09)	2.71	(1.76)	6.52
011780	2.36	0.54	0.19	0.55	2.42	(2.70)	7.53	(4.03)	17.53
900310	1.98	0.71	0.20	(3.12)	2.54	(2.21)	5.21	(3.55)	17.64
001290	0.72	(0.06)	0.00	(1.45)	0.00	0.00	1.41	(1.61)	3.81
001290	0.71	(0.06)	0.00	0.53	0.00	0.00	1.41	(1.61)	3.81
030210	1.91	0.08	0.03	0.33	3.01	(2.32)	4.96	(3.06)	25.19

Be your own money manager

Our tools can tell you how much better you can do entering a position in T3 Entertainment 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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