Daishin Balance Correlations

217270 Stock

KRW 7,350 410.00 5.91%

The current 90-days correlation between Daishin Balance 1 and YeaRimDang Publishing Co is 0.1 (i.e., Average diversification). The correlation of Daishin Balance 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.

Daishin Balance Correlation With Market

Significant diversification

The correlation between Daishin Balance 1 and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daishin Balance 1 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Daishin Balance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Daishin Balance 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 Daishin Balance - 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 Daishin Balance 1 to buy it.

Moving together with Daishin Stock

0.75	029780	Samsung Card	Pair Corr
0.62	098460	Koh Young Technology	Pair Corr
0.85	014680	Hansol Chemica	Pair Corr
0.8	021240	COWAY	Pair Corr
0.73	086790	Hana Financial	Pair Corr
0.84	047810	Korea Aerospace Indu	Pair Corr

Moving against Daishin Stock

0.74

105560

KB Financial Group

Pair Corr

Related Correlations Analysis

	058470	005940	004430	030210	036000	170030	016610	128820
058470		0.6	0.6	-0.12	0.32	0.31	0.51	-0.35	058470
005940	0.6		0.59	-0.22	0.7	0.61	0.91	0.02	005940
004430	0.6	0.59		-0.01	0.63	0.58	0.59	-0.05	004430
030210	-0.12	-0.22	-0.01		0.03	0.15	-0.19	-0.17	030210
036000	0.32	0.7	0.63	0.03		0.85	0.74	0.02	036000
170030	0.31	0.61	0.58	0.15	0.85		0.73	0.1	170030
016610	0.51	0.91	0.59	-0.19	0.74	0.73		0.11	016610
128820	-0.35	0.02	-0.05	-0.17	0.02	0.1	0.11		128820
	058470	005940	004430	030210	036000	170030	016610	128820

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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

016610	+ 0.91	005940
170030	+ 0.85	036000
016610	+ 0.74	036000
016610	+ 0.73	170030
036000	+ 0.7	005940
036000	+ 0.63	004430

High negative correlations

128820	- 0.35	058470
030210	- 0.22	005940
016610	- 0.19	030210
128820	- 0.17	030210
030210	- 0.12	058470
128820	- 0.05	004430

Risk-Adjusted Indicators

There is a big difference between Daishin Stock performing well and Daishin Balance 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 Daishin Balance'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
058470	2.33	0.43	0.16	0.44	2.32	(2.50)	6.40	(3.03)	14.83
005940	0.98	0.10	0.11	(0.89)	1.07	(1.09)	2.71	(1.63)	7.04
004430	1.66	0.30	0.16	(0.93)	1.80	(2.02)	4.13	(3.40)	15.63
030210	2.06	0.45	0.17	(1.45)	2.64	(2.56)	5.67	(2.91)	25.19
036000	3.05	0.51	0.20	(7.52)	2.46	(4.54)	10.25	(4.59)	26.10
170030	1.36	0.40	0.24	0.67	1.25	(1.54)	3.97	(2.13)	17.51
016610	0.77	0.18	0.20	(2.16)	0.81	(1.02)	2.22	(1.10)	7.30
128820	1.39	0.12	0.07	0.94	1.96	(1.66)	2.96	(2.44)	17.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Daishin Balance 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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