YeSUN Tech Correlations

250930 Stock

430.00 23.00 5.08%

The current 90-days correlation between YeSUN Tech CoLtd and Finebesteel is 0.13 (i.e., Average diversification). The correlation of YeSUN Tech 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.

YeSUN Tech Correlation With Market

Average diversification

The correlation between YeSUN Tech CoLtd 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 YeSUN Tech CoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with YeSUN Stock

0.68	034830	Korea Real Estate	Pair Corr
0.77	053080	Wonbang Tech	Pair Corr

Moving against YeSUN Stock

0.75	003535	Hanwha InvestmentSecuri	Pair Corr
0.66	034950	Korea Ratings	Pair Corr
0.37	262840	IQuest	Pair Corr

Related Correlations Analysis

	351320	011390	011390	006805	053800	133820	500003
351320		-0.5	-0.5	-0.38	-0.68	-0.54	0.27	351320
011390	-0.5		1.0	0.44	0.75	0.57	-0.01	011390
011390	-0.5	1.0		0.44	0.75	0.57	-0.01	011390
006805	-0.38	0.44	0.44		0.58	0.48	0.11	006805
053800	-0.68	0.75	0.75	0.58		0.63	-0.03	053800
133820	-0.54	0.57	0.57	0.48	0.63		-0.23	133820
500003	0.27	-0.01	-0.01	0.11	-0.03	-0.23		500003
	351320	011390	011390	006805	053800	133820	500003

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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

011390	+ 1.0	011390
053800	+ 0.75	011390
053800	+ 0.75	011390
133820	+ 0.63	053800
053800	+ 0.58	006805
133820	+ 0.57	011390

High negative correlations

053800	- 0.68	351320
133820	- 0.54	351320
011390	- 0.5	351320
011390	- 0.5	351320
006805	- 0.38	351320
500003	- 0.23	133820

Risk-Adjusted Indicators

There is a big difference between YeSUN Stock performing well and YeSUN Tech 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 YeSUN Tech'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
351320	1.96	0.03	(0.03)	0.42	2.38	(2.29)	5.08	(4.47)	16.28
011390	2.75	0.22	0.05	0.51	3.19	(3.54)	5.62	(4.82)	43.62
011390	2.75	0.22	0.05	0.51	3.19	(3.54)	5.62	(4.82)	43.62
006805	1.30	0.13	0.02	0.66	1.68	(1.50)	1.44	(2.55)	37.44
053800	1.45	0.10	0.01	0.38	2.23	(1.49)	4.88	(2.45)	17.31
133820	2.05	0.07	0.00	0.28	2.14	(2.65)	3.59	(3.69)	25.82
500003	1.64	0.03	(0.05)	(0.21)	1.83	(1.90)	4.16	(3.07)	9.46

Be your own money manager

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