POSCO Holdings Correlations

PKX Stock

USD 55.32 2.00 3.75%

The current 90-days correlation between POSCO Holdings and Steel Dynamics is 0.23 (i.e., Modest diversification). The correlation of POSCO Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

POSCO Holdings Correlation With Market

Modest diversification

The correlation between POSCO Holdings and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding POSCO Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in POSCO Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.

For more information on how to buy POSCO Stock please use our How to Invest in POSCO Holdings guide.

Moving together with POSCO Stock

0.62	MT	ArcelorMittal SA ADR	Pair Corr
0.64	TX	Ternium SA ADR	Pair Corr

Moving against POSCO Stock

0.72	EU	enCore Energy Corp	Pair Corr
0.68	OC	Owens Corning	Pair Corr
0.63	CC	Chemours	Pair Corr
0.6	CE	Celanese	Pair Corr
0.6	FF	FutureFuel Corp	Pair Corr
0.53	CF	CF Industries Holdings	Pair Corr
0.48	AA	Alcoa Corp	Pair Corr
0.43	CDE	Coeur Mining Aggressive Push	Pair Corr
0.32	NX	Quanex Building Products	Pair Corr
0.82	MEOH	Methanex	Pair Corr
0.67	ECVT	Ecovyst Downward Rally	Pair Corr
0.59	MTRN	Materion	Pair Corr
0.52	HYMCW	Hycroft Mining Holding	Pair Corr
0.48	ELBM	Electra Battery Materials	Pair Corr
0.48	NITO	N2OFF Inc	Pair Corr
0.42	USGOW	US GoldMining Warrant	Pair Corr
0.39	TT	Trane Technologies plc	Pair Corr
0.35	SA	Seabridge Gold Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ZEUS	USAP	OUTKY	TX	STLD	GGB	NUE	SCHN	USNZY
ZEUS		0.0	0.04	0.1	0.36	0.73	0.3	0.0	0.41	ZEUS
USAP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	USAP
OUTKY	0.04	0.0		0.66	0.52	0.1	0.68	0.0	0.7	OUTKY
TX	0.1	0.0	0.66		0.26	0.39	0.44	0.0	0.56	TX
STLD	0.36	0.0	0.52	0.26		0.08	0.94	0.0	0.5	STLD
GGB	0.73	0.0	0.1	0.39	0.08		0.1	0.0	0.39	GGB
NUE	0.3	0.0	0.68	0.44	0.94	0.1		0.0	0.65	NUE
SCHN	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SCHN
USNZY	0.41	0.0	0.7	0.56	0.5	0.39	0.65	0.0		USNZY
	ZEUS	USAP	OUTKY	TX	STLD	GGB	NUE	SCHN	USNZY

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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

NUE	+ 0.94	STLD
GGB	+ 0.73	ZEUS
USNZY	+ 0.7	OUTKY
NUE	+ 0.68	OUTKY
TX	+ 0.66	OUTKY
USNZY	+ 0.65	NUE

High negative correlations

USNZY	- 0.0	SCHN
SCHN	- 0.0	NUE
SCHN	- 0.0	GGB
SCHN	- 0.0	STLD
SCHN	- 0.0	TX
SCHN	- 0.0	OUTKY

Risk-Adjusted Indicators

There is a big difference between POSCO Stock performing well and POSCO Holdings 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 POSCO Holdings' 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
ZEUS	2.02	(0.24)	0.00	(0.31)	0.00	0.00	3.32	(4.65)	13.58
USAP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OUTKY	1.66	0.34	0.06	0.42	2.01	(6.39)	8.03	(6.08)	14.99
TX	1.37	0.06	0.07	0.37	1.61	(1.47)	2.58	(3.15)	7.48
STLD	1.60	0.05	0.00	(0.03)	0.00	0.00	4.13	(3.38)	10.47
GGB	1.81	(0.11)	0.00	(0.19)	0.00	0.00	3.96	(4.14)	10.97
NUE	1.62	0.02	0.00	(0.06)	0.00	0.00	3.76	(3.40)	10.83
SCHN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USNZY	2.88	(0.02)	0.02	(0.03)	3.30	(3.99)	8.51	(5.75)	23.26

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