SV Investment Correlations

289080 Stock

KRW 1,354 69.00 4.85%

The current 90-days correlation between SV Investment and Atinum Investment Co is 0.47 (i.e., Very weak diversification). The correlation of SV Investment 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.

SV Investment Correlation With Market

Average diversification

The correlation between SV Investment and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SV Investment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 289080 Stock

0.94	078020	EBEST Investment Sec	Pair Corr
0.93	069920	ISE Commerce	Pair Corr
0.9	293580	NAU IB Capital	Pair Corr
0.86	027830	Daesung Private Equity	Pair Corr
0.94	277070	Lindeman Asia Investment	Pair Corr
0.94	016600	Q Capital Partners	Pair Corr
0.8	005380	Hyundai Motor	Pair Corr
0.74	005385	Hyundai Motor	Pair Corr
0.67	005387	Hyundai Motor	Pair Corr

Moving against 289080 Stock

0.73	027360	Aju IB Investment	Pair Corr
0.64	032830	Samsung Life	Pair Corr
0.56	105560	KB Financial Group	Pair Corr
0.35	316140	Woori Financial Group	Pair Corr

Related Correlations Analysis

	021080	019550	011390	036200	314140	133820	500003	133820	267250	263920
021080		-0.43	0.34	0.16	0.06	0.12	-0.38	0.12	-0.05	-0.24	021080
019550	-0.43		-0.25	0.12	0.25	0.0	0.25	0.0	0.16	0.47	019550
011390	0.34	-0.25		-0.43	-0.55	0.57	-0.01	0.57	-0.17	-0.58	011390
036200	0.16	0.12	-0.43		0.85	-0.38	-0.34	-0.38	0.26	0.66	036200
314140	0.06	0.25	-0.55	0.85		-0.51	-0.24	-0.51	0.33	0.82	314140
133820	0.12	0.0	0.57	-0.38	-0.51		-0.23	1.0	-0.08	-0.41	133820
500003	-0.38	0.25	-0.01	-0.34	-0.24	-0.23		-0.23	-0.12	-0.08	500003
133820	0.12	0.0	0.57	-0.38	-0.51	1.0	-0.23		-0.08	-0.41	133820
267250	-0.05	0.16	-0.17	0.26	0.33	-0.08	-0.12	-0.08		0.25	267250
263920	-0.24	0.47	-0.58	0.66	0.82	-0.41	-0.08	-0.41	0.25		263920
	021080	019550	011390	036200	314140	133820	500003	133820	267250	263920

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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

133820	+ 1.0	133820
314140	+ 0.85	036200
263920	+ 0.82	314140
263920	+ 0.66	036200
133820	+ 0.57	011390
133820	+ 0.57	011390

High negative correlations

263920	- 0.58	011390
314140	- 0.55	011390
133820	- 0.51	314140
133820	- 0.51	314140
036200	- 0.43	011390
019550	- 0.43	021080

Risk-Adjusted Indicators

There is a big difference between 289080 Stock performing well and SV Investment 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 SV Investment'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
021080	1.67	(0.12)	0.00	(0.17)	0.00	0.00	4.00	(2.90)	13.09
019550	1.89	(0.01)	(0.04)	0.08	2.64	(1.80)	3.97	(4.18)	10.21
011390	2.75	0.22	0.05	0.51	3.19	(3.54)	5.62	(4.82)	43.62
036200	2.41	(0.36)	0.00	(3.54)	0.00	0.00	6.07	(4.11)	16.12
314140	1.81	(0.46)	0.00	(1.07)	0.00	0.00	3.90	(4.19)	14.17
133820	2.05	0.07	0.00	0.28	2.14	(2.65)	3.59	(3.69)	25.82
500003	1.64	0.03	(0.05)	(0.21)	1.83	(1.90)	4.16	(3.07)	9.46
133820	2.05	0.07	0.00	0.28	2.14	(2.65)	3.59	(3.69)	25.82
267250	1.39	(0.07)	0.00	(0.25)	0.00	0.00	2.80	(3.21)	9.29
263920	0.64	(0.14)	0.00	2.00	0.00	0.00	1.17	(1.75)	4.38

Be your own money manager

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