Lindeman Asia Correlations

277070 Stock  KRW 4,915  80.00  1.60%   
The current 90-days correlation between Lindeman Asia Investment and Mobileleader CoLtd is 0.15 (i.e., Average diversification). The correlation of Lindeman Asia 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.

Lindeman Asia Correlation With Market

Good diversification

The correlation between Lindeman Asia Investment and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lindeman Asia Investment and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Lindeman Asia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lindeman Asia 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 Lindeman Asia - 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 Lindeman Asia Investment to buy it.

Moving together with Lindeman Stock

  0.8293580 NAU IB CapitalPairCorr
  0.85027830 Daesung Private EquityPairCorr

Moving against Lindeman Stock

  0.73055550 Shinhan FinancialPairCorr
  0.61105560 KB Financial GroupPairCorr
  0.46032830 Samsung LifePairCorr

Related Correlations Analysis

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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   
052900042370
052900094170
042370089030
042370286940
052900089030
042370094170
  
High negative correlations   
089030100030
042370100030
052900100030
123040026890
094170100030
123040089030

Risk-Adjusted Indicators

There is a big difference between Lindeman Stock performing well and Lindeman Asia 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 Lindeman Asia'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 Lindeman Asia 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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Lindeman Asia Corporate Management

Elected by the shareholders, the Lindeman Asia's board of directors comprises two types of representatives: Lindeman Asia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lindeman. The board's role is to monitor Lindeman Asia's management team and ensure that shareholders' interests are well served. Lindeman Asia'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, Lindeman Asia's outside directors are responsible for providing unbiased perspectives on the board's policies.
Zhang WeiManaging DirectorProfile
Hyekyung KimMangProfile
Jean ChoiManaging DirectorProfile
JaeHyeok JeongManaging DirectorProfile
Chunsang ParkManaging DirectorProfile
Jumi RhoDirectorProfile
Gary GaoDirectorProfile