Innometry Correlations

302430 Stock

KRW 10,410 560.00 5.10%

The current 90-days correlation between Innometry and ZUM Internet Corp is 0.2 (i.e., Modest diversification). The correlation of Innometry 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.

Innometry Correlation With Market

Significant diversification

The correlation between Innometry Co and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Innometry Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Innometry Stock

0.66	014680	Hansol Chemica	Pair Corr
0.66	047810	Korea Aerospace Indu	Pair Corr

Moving against Innometry Stock

0.48	126340	Vina Technology Split	Pair Corr
0.47	105560	KB Financial Group	Pair Corr
0.45	140860	Parksystems Corp	Pair Corr
0.41	078020	EBEST Investment Sec	Pair Corr
0.38	090460	BH Co	Pair Corr
0.34	091700	Partron	Pair Corr

Related Correlations Analysis

	239340	036170	003230	020760	089590	010280	037230
239340		-0.4	-0.76	0.04	0.88	-0.62	0.77	239340
036170	-0.4		0.62	-0.18	-0.2	0.7	-0.2	036170
003230	-0.76	0.62		-0.22	-0.61	0.72	-0.6	003230
020760	0.04	-0.18	-0.22		-0.1	-0.2	0.31	020760
089590	0.88	-0.2	-0.61	-0.1		-0.49	0.56	089590
010280	-0.62	0.7	0.72	-0.2	-0.49		-0.42	010280
037230	0.77	-0.2	-0.6	0.31	0.56	-0.42		037230
	239340	036170	003230	020760	089590	010280	037230

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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

089590	+ 0.88	239340
037230	+ 0.77	239340
010280	+ 0.72	003230
010280	+ 0.7	036170
003230	+ 0.62	036170
037230	+ 0.56	089590

High negative correlations

003230	- 0.76	239340
010280	- 0.62	239340
089590	- 0.61	003230
037230	- 0.6	003230
010280	- 0.49	089590
037230	- 0.42	010280

Risk-Adjusted Indicators

There is a big difference between Innometry Stock performing well and Innometry 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 Innometry'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
239340	2.29	(0.46)	0.00	(1.43)	0.00	0.00	6.76	(4.65)	20.23
036170	1.43	0.14	0.09	0.93	1.86	(1.56)	3.94	(3.05)	13.51
003230	2.13	0.54	0.29	1.67	1.67	(2.61)	6.08	(3.28)	17.63
020760	1.18	(0.03)	0.00	(0.54)	0.00	0.00	3.47	(2.38)	10.16
089590	1.10	(0.32)	0.00	(8.56)	0.00	0.00	1.81	(3.39)	10.04
010280	1.95	0.50	0.16	(1.65)	2.72	(2.29)	4.80	(2.34)	47.13
037230	1.00	0.01	0.08	(0.08)	1.22	(1.36)	2.62	(2.34)	12.40

Be your own money manager

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