Suprema Correlations

236200 Stock

KRW 27,900 300.00 1.06%

The current 90-days correlation between Suprema and Samwon Steel is 0.24 (i.e., Modest diversification). The correlation of Suprema 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.

Suprema Correlation With Market

Significant diversification

The correlation between Suprema and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Suprema and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Suprema Stock

0.67	316140	Woori Financial Group	Pair Corr
0.79	024110	Industrial Bank	Pair Corr

Moving against Suprema Stock

0.78	055550	Shinhan Financial	Pair Corr
0.73	105560	KB Financial Group	Pair Corr
0.57	032830	Samsung Life	Pair Corr
0.5	005380	Hyundai Motor	Pair Corr

Related Correlations Analysis

	023000	005010	003230	290720	003920	014710	071200	101530
023000		0.29	0.31	-0.57	0.19	0.17	0.08	0.31	023000
005010	0.29		0.66	-0.72	0.67	0.39	0.86	0.49	005010
003230	0.31	0.66		-0.64	0.67	0.58	0.64	0.78	003230
290720	-0.57	-0.72	-0.64		-0.57	-0.47	-0.51	-0.35	290720
003920	0.19	0.67	0.67	-0.57		0.62	0.72	0.43	003920
014710	0.17	0.39	0.58	-0.47	0.62		0.4	0.4	014710
071200	0.08	0.86	0.64	-0.51	0.72	0.4		0.51	071200
101530	0.31	0.49	0.78	-0.35	0.43	0.4	0.51		101530
	023000	005010	003230	290720	003920	014710	071200	101530

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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

071200	+ 0.86	005010
101530	+ 0.78	003230
071200	+ 0.72	003920
003920	+ 0.67	005010
003920	+ 0.67	003230
003230	+ 0.66	005010

High negative correlations

290720	- 0.72	005010
290720	- 0.64	003230
003920	- 0.57	290720
290720	- 0.57	023000
071200	- 0.51	290720
014710	- 0.47	290720

Risk-Adjusted Indicators

There is a big difference between Suprema Stock performing well and Suprema 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 Suprema'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
023000	0.79	(0.01)	0.07	(0.78)	1.30	(0.81)	1.06	(1.67)	7.41
005010	2.56	0.69	0.29	29.96	2.21	(3.14)	7.48	(4.11)	21.81
003230	2.37	0.77	0.42	2.49	1.59	(2.98)	6.11	(3.28)	17.63
290720	1.80	(0.33)	0.00	(1.37)	0.00	0.00	4.20	(3.85)	12.83
003920	1.75	0.10	0.07	0.28	2.42	(1.78)	3.29	(3.65)	13.00
014710	2.45	0.20	0.08	0.61	3.21	(2.78)	6.78	(5.52)	42.11
071200	2.12	0.35	0.18	(8.13)	2.22	(2.59)	6.16	(3.77)	36.72
101530	1.27	0.10	0.11	3.28	1.77	(1.27)	2.51	(2.94)	9.72

Be your own money manager

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