Eugene Special Correlations

331380 Stock  KRW 1,953  22.00  1.11%   
The current 90-days correlation between Eugene Special Purpose and Ecoplastic is 0.18 (i.e., Average diversification). The correlation of Eugene Special 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.

Eugene Special Correlation With Market

Significant diversification

The correlation between Eugene Special Purpose and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eugene Special Purpose and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Eugene Special could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eugene Special 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 Eugene Special - 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 Eugene Special Purpose to buy it.

Moving together with Eugene Stock

  0.66297570 Aloys IncPairCorr

Moving against Eugene Stock

  0.73061040 RFTechPairCorr
  0.54230240 Hana Financial 7PairCorr
  0.5030350 Dragonfly GFPairCorr
  0.49053800 AhnLab IncPairCorr
  0.47034830 Korea Real EstatePairCorr

Related Correlations Analysis

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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   
166090038110
078600166090
078600038110
060480038110
060480166090
060480078600
  
High negative correlations   
001620011390
011390047400
078600001620
001620166090
166090047400

Risk-Adjusted Indicators

There is a big difference between Eugene Stock performing well and Eugene Special 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 Eugene Special'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.

Be your own money manager

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