Design Correlations

227100 Stock

KRW 698.00 89.00 14.61%

The current 90-days correlation between Design and KT Submarine Telecom is 0.06 (i.e., Significant diversification). The correlation of Design 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.

Design Correlation With Market

Average diversification

The correlation between Design Co and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Design Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Design Stock

0.57	025950	Dongsin Engineering	Pair Corr
0.54	050960	SOOSAN INT	Pair Corr
0.51	045340	Total Soft Bank	Pair Corr
0.37	241840	ASTORY CoLtd	Pair Corr
0.37	035900	JYP Entertainment	Pair Corr
0.68	153460	Nable Communications	Pair Corr
0.63	039240	Gyeongnam Steel	Pair Corr
0.57	011390	Busan Industrial	Pair Corr
0.54	078160	MEDIPOST	Pair Corr
0.53	014940	Oriental Precision	Pair Corr
0.51	241560	Doosan Bobcat	Pair Corr
0.49	230240	Hana Financial 7	Pair Corr
0.43	032640	LG Uplus	Pair Corr
0.42	035420	Naver	Pair Corr

Related Correlations Analysis

	28513K	036630	084850	010280	060370	080220	288980	033230
28513K		0.92	0.9	-0.2	0.84	0.97	0.54	0.88	28513K
036630	0.92		0.94	-0.39	0.78	0.96	0.66	0.87	036630
084850	0.9	0.94		-0.35	0.85	0.91	0.47	0.93	084850
010280	-0.2	-0.39	-0.35		-0.02	-0.27	-0.26	-0.06	010280
060370	0.84	0.78	0.85	-0.02		0.8	0.22	0.85	060370
080220	0.97	0.96	0.91	-0.27	0.8		0.61	0.88	080220
288980	0.54	0.66	0.47	-0.26	0.22	0.61		0.46	288980
033230	0.88	0.87	0.93	-0.06	0.85	0.88	0.46		033230
	28513K	036630	084850	010280	060370	080220	288980	033230

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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

080220	+ 0.97	28513K
080220	+ 0.96	036630
084850	+ 0.94	036630
033230	+ 0.93	084850
036630	+ 0.92	28513K
080220	+ 0.91	084850

High negative correlations

010280	- 0.39	036630
010280	- 0.35	084850
080220	- 0.27	010280
288980	- 0.26	010280
010280	- 0.2	28513K
033230	- 0.06	010280

Risk-Adjusted Indicators

There is a big difference between Design Stock performing well and Design 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 Design'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
28513K	1.04	(0.18)	0.00	0.28	0.00	0.00	1.94	(2.52)	8.65
036630	0.90	(0.39)	0.00	(11.01)	0.00	0.00	1.35	(2.26)	6.36
084850	1.79	(0.81)	0.00	(64.57)	0.00	0.00	3.08	(5.31)	9.16
010280	1.10	0.09	0.05	(0.80)	1.24	(1.31)	2.79	(2.12)	7.90
060370	2.52	(0.27)	0.00	(0.31)	0.00	0.00	5.41	(4.52)	26.75
080220	2.58	(0.60)	0.00	2.94	0.00	0.00	4.91	(6.22)	16.26
288980	2.71	(0.15)	0.00	(0.44)	0.00	0.00	6.13	(4.84)	24.82
033230	2.02	(0.34)	0.00	(10.40)	0.00	0.00	3.74	(4.22)	13.26

Be your own money manager

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