CG Hi Correlations

264660 Stock

KRW 14,230 90.00 0.63%

The current 90-days correlation between CG Hi Tech and Duksan Hi Metal is 0.5 (i.e., Very weak diversification). The correlation of CG Hi 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.

CG Hi Correlation With Market

Significant diversification

The correlation between CG Hi Tech and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CG Hi Tech and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 264660 Stock

0.69	000660	SK Hynix	Pair Corr
0.84	108320	LX Semicon	Pair Corr
0.96	064760	Tokai Carbon Korea	Pair Corr
0.9	166090	Hana Materials	Pair Corr
0.89	222800	SIMMTECH	Pair Corr
0.84	195870	Haesung DS	Pair Corr
0.85	082270	GemVaxKAEL CoLtd	Pair Corr
0.75	101490	SS TECH	Pair Corr

Moving against 264660 Stock

0.41

084850

ITM Semiconductor

Pair Corr

Related Correlations Analysis

	077360	004140	020150	104830	047400	120240	089470	119500
077360		0.39	0.74	0.85	0.04	0.79	0.22	0.49	077360
004140	0.39		0.27	0.09	0.25	0.35	0.7	-0.06	004140
020150	0.74	0.27		0.76	-0.12	0.33	0.43	-0.02	020150
104830	0.85	0.09	0.76		-0.03	0.59	-0.02	0.52	104830
047400	0.04	0.25	-0.12	-0.03		0.13	0.16	0.18	047400
120240	0.79	0.35	0.33	0.59	0.13		0.05	0.68	120240
089470	0.22	0.7	0.43	-0.02	0.16	0.05		-0.51	089470
119500	0.49	-0.06	-0.02	0.52	0.18	0.68	-0.51		119500
	077360	004140	020150	104830	047400	120240	089470	119500

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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

104830	+ 0.85	077360
120240	+ 0.79	077360
104830	+ 0.76	020150
020150	+ 0.74	077360
089470	+ 0.7	004140
119500	+ 0.68	120240

High negative correlations

119500	- 0.51	089470
047400	- 0.12	020150
119500	- 0.06	004140
047400	- 0.03	104830
089470	- 0.02	104830
119500	- 0.02	020150

Risk-Adjusted Indicators

There is a big difference between 264660 Stock performing well and CG Hi 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 CG Hi'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
077360	2.24	0.09	0.05	(0.15)	2.69	(2.51)	4.70	(3.97)	13.60
004140	1.88	0.02	0.01	(0.36)	2.77	(1.76)	4.39	(4.18)	16.01
020150	3.10	0.09	0.03	(0.15)	3.46	(3.64)	6.35	(6.83)	23.27
104830	2.13	0.29	0.14	(0.48)	2.02	(2.49)	4.12	(3.32)	17.17
047400	2.12	0.01	0.02	(0.05)	2.97	(2.16)	4.47	(4.18)	19.15
120240	1.05	0.03	0.04	(0.12)	1.51	(1.06)	1.90	(2.05)	9.54
089470	1.04	(0.03)	0.00	0.08	0.00	0.00	2.57	(2.67)	7.50
119500	3.23	0.41	0.12	0.86	3.12	(4.08)	10.17	(5.93)	25.31

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