RF Materials Correlations

327260 Stock

KRW 5,340 30.00 0.56%

The current 90-days correlation between RF Materials and Cheryong Industrial CoLtd is 0.15 (i.e., Average diversification). The correlation of RF Materials 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.

RF Materials Correlation With Market

Good diversification

The correlation between RF Materials Co and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RF Materials Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 327260 Stock

0.71	108320	LX Semicon	Pair Corr
0.68	064760	Tokai Carbon Korea	Pair Corr
0.71	166090	Hana Materials	Pair Corr
0.65	222800	SIMMTECH	Pair Corr

Moving against 327260 Stock

0.42

105560

KB Financial Group

Pair Corr

Related Correlations Analysis

	147830	071090	090080	026940	023440	111710	140520
147830		0.72	0.76	0.74	-0.71	-0.66	0.62	147830
071090	0.72		0.59	0.82	-0.36	-0.32	0.6	071090
090080	0.76	0.59		0.78	-0.44	-0.45	0.46	090080
026940	0.74	0.82	0.78		-0.4	-0.51	0.56	026940
023440	-0.71	-0.36	-0.44	-0.4		0.81	-0.48	023440
111710	-0.66	-0.32	-0.45	-0.51	0.81		-0.49	111710
140520	0.62	0.6	0.46	0.56	-0.48	-0.49		140520
	147830	071090	090080	026940	023440	111710	140520

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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

026940	+ 0.82	071090
111710	+ 0.81	023440
026940	+ 0.78	090080
090080	+ 0.76	147830
026940	+ 0.74	147830
071090	+ 0.72	147830

High negative correlations

023440	- 0.71	147830
111710	- 0.66	147830
111710	- 0.51	026940
140520	- 0.49	111710
140520	- 0.48	023440
111710	- 0.45	090080

Risk-Adjusted Indicators

There is a big difference between 327260 Stock performing well and RF Materials 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 RF Materials' 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
147830	2.67	(0.42)	0.00	(0.90)	0.00	0.00	4.81	(4.99)	16.13
071090	2.22	(0.15)	0.00	(0.06)	0.00	0.00	5.17	(4.15)	17.62
090080	0.83	(0.20)	0.00	1.56	0.00	0.00	1.10	(2.63)	6.20
026940	1.06	(0.18)	0.00	(0.37)	0.00	0.00	1.89	(2.70)	5.83
023440	2.76	0.33	0.07	0.72	3.47	(3.75)	10.07	(4.10)	31.25
111710	1.00	0.14	0.02	(4.38)	1.15	(1.21)	2.44	(2.22)	8.36
140520	0.93	(0.06)	0.00	(0.18)	0.00	0.00	2.01	(2.16)	10.46

Be your own money manager

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