Seah Steel Correlations

306200 Stock

205,500 500.00 0.24%

The current 90-days correlation between Seah Steel Corp and SM Entertainment Co is -0.1 (i.e., Good diversification). The correlation of Seah Steel 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.

Seah Steel Correlation With Market

Good diversification

The correlation between Seah Steel Corp and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seah Steel Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Seah Stock

0.69	139990	Ajusteel	Pair Corr
0.86	024110	Industrial Bank	Pair Corr

Moving against Seah Stock

0.75	025890	Han Kook Steel	Pair Corr
0.72	002690	Dong Il Steel	Pair Corr
0.7	055550	Shinhan Financial	Pair Corr
0.64	105560	KB Financial Group	Pair Corr
0.55	373220	LG Energy Solution	Pair Corr
0.5	005380	Hyundai Motor	Pair Corr

Related Correlations Analysis

	035510	005830	123750	035900	041510	094360	010280
035510		-0.3	0.52	0.05	-0.19	0.32	-0.08	035510
005830	-0.3		-0.57	-0.3	-0.48	-0.36	-0.46	005830
123750	0.52	-0.57		-0.04	0.14	0.39	0.33	123750
035900	0.05	-0.3	-0.04		0.48	0.55	-0.22	035900
041510	-0.19	-0.48	0.14	0.48		0.52	0.58	041510
094360	0.32	-0.36	0.39	0.55	0.52		0.02	094360
010280	-0.08	-0.46	0.33	-0.22	0.58	0.02		010280
	035510	005830	123750	035900	041510	094360	010280

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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

010280	+ 0.58	041510
094360	+ 0.55	035900
123750	+ 0.52	035510
094360	+ 0.52	041510
041510	+ 0.48	035900
094360	+ 0.39	123750

High negative correlations

123750	- 0.57	005830
041510	- 0.48	005830
010280	- 0.46	005830
094360	- 0.36	005830
035900	- 0.3	005830
005830	- 0.3	035510

Risk-Adjusted Indicators

There is a big difference between Seah Stock performing well and Seah Steel 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 Seah Steel'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
035510	3.14	0.75	0.27	6.62	2.37	(3.71)	9.05	(4.48)	38.43
005830	1.49	(0.12)	0.00	0.17	0.00	0.00	3.85	(3.18)	12.50
123750	1.38	0.15	0.11	11.58	1.78	(1.72)	2.62	(3.87)	11.47
035900	2.03	(0.14)	0.00	(0.36)	0.00	0.00	5.47	(3.83)	17.50
041510	2.21	0.50	0.22	1.67	2.14	(2.55)	5.58	(3.36)	11.94
094360	3.00	0.82	0.27	0.50	2.57	(3.62)	7.86	(5.20)	20.65
010280	1.95	0.50	0.16	(1.65)	2.72	(2.29)	4.80	(2.34)	47.13

Be your own money manager

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