311960 Correlations
311960 Stock | 4,295 295.00 7.38% |
The current 90-days correlation between 311960 and Samsung Electronics Co is -0.12 (i.e., Good diversification). The correlation of 311960 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.
311960 |
The ability to find closely correlated positions to 311960 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 311960 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 311960 - 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 311960 to buy it.
Moving together with 311960 Stock
0.66 | 035420 | Naver | PairCorr |
0.64 | 035900 | JYP Entertainment | PairCorr |
0.61 | 032640 | LG Uplus | PairCorr |
0.73 | 041510 | SM Entertainment | PairCorr |
0.73 | 012330 | Hyundai Mobis | PairCorr |
0.67 | 205470 | Humasis | PairCorr |
0.67 | 071055 | Korea Investment Holdings | PairCorr |
0.76 | 122870 | YG Entertainment | PairCorr |
0.75 | 003535 | Hanwha InvestmentSecuri | PairCorr |
Moving against 311960 Stock
0.87 | 005385 | Hyundai Motor | PairCorr |
0.85 | 005387 | Hyundai Motor | PairCorr |
0.81 | 006400 | Samsung SDI | PairCorr |
0.77 | 005930 | Samsung Electronics | PairCorr |
0.76 | 005935 | Samsung Electronics | PairCorr |
0.76 | 051910 | LG Chemicals | PairCorr |
0.75 | 051915 | LG Chem | PairCorr |
0.71 | 082270 | GemVaxKAEL CoLtd | PairCorr |
0.58 | 207940 | Samsung Biologics | PairCorr |
0.57 | 007070 | GS Retail Split | PairCorr |
0.34 | 227100 | Design | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between 311960 Stock performing well and 311960 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 311960'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
005935 | 1.62 | (0.20) | 0.00 | 1.02 | 0.00 | 2.74 | 10.84 | |||
005930 | 1.66 | (0.20) | 0.00 | (11.75) | 0.00 | 3.94 | 10.64 | |||
373220 | 2.18 | (0.12) | 0.00 | 0.33 | 0.00 | 4.09 | 17.72 | |||
000660 | 2.52 | 0.18 | 0.05 | 1.40 | 2.89 | 4.89 | 14.85 | |||
207940 | 0.86 | (0.10) | 0.00 | 10.38 | 0.00 | 2.57 | 7.43 | |||
051915 | 2.12 | (0.38) | 0.00 | 1.13 | 0.00 | 4.35 | 14.51 | |||
051910 | 1.93 | (0.31) | 0.00 | 1.32 | 0.00 | 4.14 | 15.97 | |||
006400 | 2.44 | (0.51) | 0.00 | 0.69 | 0.00 | 4.45 | 15.04 | |||
005387 | 1.36 | (0.20) | 0.00 | 5.27 | 0.00 | 2.58 | 7.99 | |||
005385 | 1.18 | (0.22) | 0.00 | 1.44 | 0.00 | 2.87 | 7.51 |
311960 Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 311960 stock to make a market-neutral strategy. Peer analysis of 311960 could also be used in its relative valuation, which is a method of valuing 311960 by comparing valuation metrics with similar companies.
Risk & Return | Correlation |