INNOX Advanced Correlations

Stocks . Korea . 
Stock . INNOX Advanced Materials
272290 Stock   24,650  50.00  0.20%   
The current 90-days correlation between INNOX Advanced Materials and Tokai Carbon Korea is -0.11 (i.e., Good diversification). The correlation of INNOX Advanced 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.
  
The ability to find closely correlated positions to INNOX Advanced could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INNOX Advanced 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 INNOX Advanced - 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 INNOX Advanced Materials to buy it.

Moving together with INNOX Stock

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  0.97272290 INNOX Advanced MaterialsPairCorr

Moving against INNOX Stock

  0.42179900 UTI IncPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between INNOX Stock performing well and INNOX Advanced 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 INNOX Advanced'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in INNOX Advanced 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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INNOX Advanced Corporate Management

Elected by the shareholders, the INNOX Advanced's board of directors comprises two types of representatives: INNOX Advanced inside directors who are chosen from within the company, and outside directors, selected externally and held independent of INNOX. The board's role is to monitor INNOX Advanced's management team and ensure that shareholders' interests are well served. INNOX Advanced's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, INNOX Advanced's outside directors are responsible for providing unbiased perspectives on the board's policies.
HeungGon KimEx MangProfile
KyungSeob TaeMD DirectorProfile
InSung SonHead OfficerProfile
HaeJin HeoExec MangProfile
ManTaek BangEx MangProfile
JeongMin GwonEx MangProfile
JaeGeun ParkEx MangProfile
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