DRGEM Correlations

263690 Stock

KRW 5,380 120.00 2.18%

The current 90-days correlation between DRGEM and Daejoo Electronic Materials is -0.02 (i.e., Good diversification). The correlation of DRGEM 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.

DRGEM Correlation With Market

Good diversification

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

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

Moving against DRGEM Stock

0.61	008775	Hotel Shilla	Pair Corr
0.56	222800	SIMMTECH	Pair Corr
0.53	217270	Daishin Balance 1	Pair Corr
0.51	048470	Daedong Steel	Pair Corr
0.5	099410	Dongbang Ship Machinery	Pair Corr
0.49	124560	Taewoong Logistics CoLtd	Pair Corr
0.46	019770	Seoyon Topmetal	Pair Corr
0.43	104830	WONIK Materials CoLtd	Pair Corr
0.43	083450	Global Standard Tech	Pair Corr
0.42	003920	Namyang Dairy	Pair Corr
0.41	064760	Tokai Carbon Korea	Pair Corr
0.67	013580	Kyeryong Construction	Pair Corr
0.54	170030	Hyundai Industrial	Pair Corr
0.5	166090	Hana Materials	Pair Corr
0.49	122870	YG Entertainment	Pair Corr
0.48	094170	Dongwoon Anatech Split	Pair Corr
0.46	122870	YG Entertainment	Pair Corr
0.45	003030	Seah Steel Corp	Pair Corr
0.44	088910	Dongwoo Farm To	Pair Corr
0.39	068050	Pan Entertainment	Pair Corr
0.38	195870	Haesung DS	Pair Corr

Related Correlations Analysis

	078600	005935	272450	005430	088350	263810	041460
078600		0.35	0.07	-0.59	0.51	0.23	0.79	078600
005935	0.35		-0.09	-0.31	0.63	0.46	0.63	005935
272450	0.07	-0.09		0.48	-0.22	0.15	-0.04	272450
005430	-0.59	-0.31	0.48		-0.46	-0.17	-0.63	005430
088350	0.51	0.63	-0.22	-0.46		0.38	0.68	088350
263810	0.23	0.46	0.15	-0.17	0.38		0.54	263810
041460	0.79	0.63	-0.04	-0.63	0.68	0.54		041460
	078600	005935	272450	005430	088350	263810	041460

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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

041460	+ 0.79	078600
041460	+ 0.68	088350
088350	+ 0.63	005935
041460	+ 0.63	005935
041460	+ 0.54	263810
088350	+ 0.51	078600

High negative correlations

041460	- 0.63	005430
005430	- 0.59	078600
088350	- 0.46	005430
005430	- 0.31	005935
088350	- 0.22	272450
263810	- 0.17	005430

Risk-Adjusted Indicators

There is a big difference between DRGEM Stock performing well and DRGEM 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 DRGEM'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
078600	2.91	0.71	0.23	0.69	2.76	(3.51)	7.01	(4.06)	27.80
005935	1.28	0.18	0.15	1.21	1.55	(1.37)	3.59	(2.79)	10.27
272450	1.04	(0.07)	0.00	(0.34)	0.00	0.00	2.91	(2.87)	7.78
005430	1.09	(0.25)	0.00	(1.18)	0.00	0.00	2.03	(3.98)	8.19
088350	1.35	0.14	0.14	5.76	1.42	(1.71)	4.70	(2.92)	11.07
263810	0.74	0.01	0.11	(1.83)	0.92	(0.88)	1.61	(1.44)	4.90
041460	1.29	0.27	0.26	2.25	1.04	(1.63)	2.74	(2.25)	6.44

Be your own money manager

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