Raphas Co Correlations

214260 Stock

KRW 15,860 300.00 1.86%

The current 90-days correlation between Raphas Co and BIT Computer Co is 0.4 (i.e., Very weak diversification). The correlation of Raphas Co 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.

Raphas Co Correlation With Market

Significant diversification

The correlation between Raphas Co and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raphas Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Raphas Stock

0.76	226340	HMCIB SPAC 3	Pair Corr
0.79	293780	AptaBio Therapeutics	Pair Corr
0.84	302430	Innometry	Pair Corr
0.72	033240	Jahwa Electron	Pair Corr
0.76	053080	Wonbang Tech	Pair Corr

Related Correlations Analysis

	032850	289080	129920	026890	005945	246690	001200
032850		0.7	0.61	0.33	-0.02	0.67	0.59	032850
289080	0.7		0.86	-0.12	-0.45	0.82	0.96	289080
129920	0.61	0.86		-0.02	-0.32	0.75	0.79	129920
026890	0.33	-0.12	-0.02		0.65	0.17	-0.23	026890
005945	-0.02	-0.45	-0.32	0.65		-0.2	-0.54	005945
246690	0.67	0.82	0.75	0.17	-0.2		0.8	246690
001200	0.59	0.96	0.79	-0.23	-0.54	0.8		001200
	032850	289080	129920	026890	005945	246690	001200

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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

001200	+ 0.96	289080
129920	+ 0.86	289080
246690	+ 0.82	289080
001200	+ 0.8	246690
001200	+ 0.79	129920
246690	+ 0.75	129920

High negative correlations

001200	- 0.54	005945
005945	- 0.45	289080
005945	- 0.32	129920
001200	- 0.23	026890
246690	- 0.2	005945
026890	- 0.12	289080

Risk-Adjusted Indicators

There is a big difference between Raphas Stock performing well and Raphas Co 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 Raphas Co'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
032850	1.33	(0.06)	0.00	(0.13)	0.00	0.00	2.72	(2.93)	11.35
289080	1.67	(0.37)	0.00	(0.72)	0.00	0.00	4.61	(4.85)	15.93
129920	2.23	(0.14)	0.00	0.85	0.00	0.00	5.11	(5.25)	14.52
026890	1.69	0.08	0.00	0.53	2.33	(1.75)	3.64	(4.34)	15.02
005945	0.48	0.04	(0.06)	(0.56)	0.69	(0.53)	1.36	(1.00)	5.84
246690	1.66	(0.02)	(0.03)	0.04	2.44	(1.74)	3.83	(4.23)	22.17
001200	2.45	(0.72)	0.00	(3.01)	0.00	0.00	4.32	(4.90)	18.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in Raphas Co 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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