TSI Correlations

277880 Stock

KRW 6,570 190.00 2.98%

The current 90-days correlation between TSI Co and ABCO Electronics Co is -0.22 (i.e., Very good diversification). The correlation of TSI 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.

TSI Correlation With Market

Significant diversification

The correlation between TSI Co and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TSI Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with TSI Stock

0.68	042370	Vitzro Tech	Pair Corr
0.61	005935	Samsung Electronics	Pair Corr
0.65	005930	Samsung Electronics	Pair Corr
0.72	011200	HMM Co	Pair Corr
0.7	094170	Dongwoon Anatech Split	Pair Corr
0.82	122870	YG Entertainment	Pair Corr
0.8	018470	Choil Aluminum	Pair Corr
0.72	008775	Hotel Shilla	Pair Corr
0.83	084370	Eugene Technology CoLtd	Pair Corr
0.67	004560	Hyundai BNG Steel	Pair Corr
0.75	009680	Motonic	Pair Corr
0.78	195870	Haesung DS	Pair Corr
0.73	024110	Industrial Bank	Pair Corr
0.76	013580	Kyeryong Construction	Pair Corr
0.69	057050	Hyundai Home Shopping	Pair Corr
0.68	071670	A Tech Solution	Pair Corr
0.77	029780	Samsung Card	Pair Corr
0.73	003030	Seah Steel Corp	Pair Corr
0.69	139130	Dgb Financial	Pair Corr

Moving against TSI Stock

0.42	033100	Cheryong Electric CoLtd	Pair Corr
0.32	005380	Hyundai Motor	Pair Corr

Related Correlations Analysis

	035900	122870	008060	279600	036010	005680	041020	011230
035900		0.51	0.53	0.0	0.63	0.69	0.56	-0.16	035900
122870	0.51		0.87	0.0	0.61	0.58	0.45	0.32	122870
008060	0.53	0.87		0.0	0.78	0.68	0.64	0.19	008060
279600	0.0	0.0	0.0		0.0	0.0	0.0	0.0	279600
036010	0.63	0.61	0.78	0.0		0.82	0.55	0.02	036010
005680	0.69	0.58	0.68	0.0	0.82		0.58	-0.07	005680
041020	0.56	0.45	0.64	0.0	0.55	0.58		-0.07	041020
011230	-0.16	0.32	0.19	0.0	0.02	-0.07	-0.07		011230
	035900	122870	008060	279600	036010	005680	041020	011230

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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

008060	+ 0.87	122870
005680	+ 0.82	036010
036010	+ 0.78	008060
005680	+ 0.69	035900
005680	+ 0.68	008060
041020	+ 0.64	008060

High negative correlations

011230	- 0.16	035900
011230	- 0.07	041020
011230	- 0.07	005680
011230	- 0.0	279600
041020	- 0.0	279600
005680	- 0.0	279600

Risk-Adjusted Indicators

There is a big difference between TSI Stock performing well and TSI 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 TSI'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
035900	2.18	(0.11)	0.00	(0.32)	0.00	0.00	5.81	(5.21)	17.19
122870	1.89	0.46	0.30	(1.22)	1.60	(2.26)	4.57	(3.09)	16.98
008060	0.53	0.13	0.29	0.63	0.53	(0.62)	1.73	(0.97)	3.16
279600	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
036010	2.62	0.42	0.16	(1.17)	3.07	(2.73)	5.72	(5.02)	19.48
005680	0.76	0.06	0.16	3.05	0.87	(0.91)	1.76	(1.11)	5.94
041020	2.61	0.04	0.03	(0.01)	2.85	(3.32)	6.79	(5.11)	20.03
011230	2.32	0.08	0.05	0.36	3.04	(3.02)	5.66	(3.91)	16.79

Be your own money manager

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