Cytogen Correlations

217330 Stock

KRW 4,130 10.00 0.24%

The current 90-days correlation between Cytogen and Playgram Co is -0.04 (i.e., Good diversification). The correlation of Cytogen 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.

Cytogen Correlation With Market

Good diversification

The correlation between Cytogen and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cytogen and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Cytogen Stock

0.43	005935	Samsung Electronics	Pair Corr
0.4	278650	KNOTUS CoLtd	Pair Corr
0.38	005930	Samsung Electronics	Pair Corr
0.37	225220	Genolution	Pair Corr
0.33	207940	Samsung Biologics	Pair Corr

Related Correlations Analysis

	114090	251270	003230	009810	058630	28513K	192080	037230
114090		0.08	-0.34	0.68	0.31	-0.35	-0.26	0.41	114090
251270	0.08		-0.71	0.56	0.83	0.07	0.73	0.59	251270
003230	-0.34	-0.71		-0.49	-0.6	0.53	-0.47	-0.39	003230
009810	0.68	0.56	-0.49		0.63	-0.14	0.13	0.61	009810
058630	0.31	0.83	-0.6	0.63		0.17	0.64	0.74	058630
28513K	-0.35	0.07	0.53	-0.14	0.17		0.2	0.18	28513K
192080	-0.26	0.73	-0.47	0.13	0.64	0.2		0.39	192080
037230	0.41	0.59	-0.39	0.61	0.74	0.18	0.39		037230
	114090	251270	003230	009810	058630	28513K	192080	037230

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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

058630	+ 0.83	251270
037230	+ 0.74	058630
192080	+ 0.73	251270
009810	+ 0.68	114090
192080	+ 0.64	058630
058630	+ 0.63	009810

High negative correlations

003230	- 0.71	251270
058630	- 0.6	003230
009810	- 0.49	003230
192080	- 0.47	003230
037230	- 0.39	003230
28513K	- 0.35	114090

Risk-Adjusted Indicators

There is a big difference between Cytogen Stock performing well and Cytogen 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 Cytogen'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
114090	1.04	(0.01)	0.00	(0.14)	0.00	0.00	2.47	(2.42)	7.32
251270	1.75	(0.42)	0.00	(1.42)	0.00	0.00	2.34	(4.41)	13.00
003230	2.31	0.70	0.38	2.51	1.60	(2.94)	6.11	(3.28)	17.63
009810	2.42	(0.07)	0.00	(0.46)	0.00	0.00	5.98	(6.01)	17.29
058630	1.30	(0.08)	0.00	(2.84)	0.00	0.00	2.18	(2.34)	11.77
28513K	1.17	0.10	0.11	(3.01)	1.35	(1.35)	3.44	(2.39)	11.94
192080	1.19	(0.05)	0.00	4.25	0.00	0.00	2.89	(2.39)	7.05
037230	1.09	(0.02)	0.06	(0.04)	1.44	(1.41)	2.62	(3.45)	12.40

Be your own money manager

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