Samsung Electronics Correlations

SSNLF Stock

USD 40.60 0.00 0.00%

The current 90-days correlation between Samsung Electronics and Universal Electronics is -0.02 (i.e., Good diversification). The correlation of Samsung Electronics 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.

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

Moving together with Samsung Pink Sheet

0.62	AMZN	Amazon Inc	Pair Corr
0.68	GOOG	Alphabet Class C	Pair Corr
0.66	PFE	Pfizer Inc	Pair Corr
0.66	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.67	MMM	3M Company	Pair Corr
0.74	BA	Boeing	Pair Corr

Moving against Samsung Pink Sheet

0.68	SLF	Sun Life Financial	Pair Corr
0.41	GLUC	Glucose Health	Pair Corr
0.38	NVDA	NVIDIA Aggressive Push	Pair Corr
0.34	HNRC	Houston Natural Resources	Pair Corr
0.76	HPQ	HP Inc	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.65	XOM	Exxon Mobil Corp	Pair Corr
0.54	INTC	Intel Aggressive Push	Pair Corr
0.49	CAT	Caterpillar Sell-off Trend	Pair Corr
0.41	MRK	Merck Company	Pair Corr
0.33	HD	Home Depot	Pair Corr

Related Correlations Analysis

	UEIC	VZIO	VOXX	SONY	TCLHF	SHCAY	SNEJF	AAPL	XIACY	LPL
UEIC		0.0	0.22	-0.39	-0.63	0.09	-0.37	0.22	-0.79	0.2	UEIC
VZIO	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VZIO
VOXX	0.22	0.0		0.46	-0.02	0.02	0.44	0.42	0.12	-0.34	VOXX
SONY	-0.39	0.0	0.46		0.52	0.05	0.94	0.38	0.79	-0.55	SONY
TCLHF	-0.63	0.0	-0.02	0.52		-0.21	0.49	-0.33	0.8	-0.27	TCLHF
SHCAY	0.09	0.0	0.02	0.05	-0.21		0.11	0.31	-0.01	0.06	SHCAY
SNEJF	-0.37	0.0	0.44	0.94	0.49	0.11		0.36	0.74	-0.53	SNEJF
AAPL	0.22	0.0	0.42	0.38	-0.33	0.31	0.36		-0.05	-0.4	AAPL
XIACY	-0.79	0.0	0.12	0.79	0.8	-0.01	0.74	-0.05		-0.39	XIACY
LPL	0.2	0.0	-0.34	-0.55	-0.27	0.06	-0.53	-0.4	-0.39		LPL
	UEIC	VZIO	VOXX	SONY	TCLHF	SHCAY	SNEJF	AAPL	XIACY	LPL

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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

SNEJF	+ 0.94	SONY
XIACY	+ 0.8	TCLHF
XIACY	+ 0.79	SONY
XIACY	+ 0.74	SNEJF
TCLHF	+ 0.52	SONY
SNEJF	+ 0.49	TCLHF

High negative correlations

XIACY	- 0.79	UEIC
TCLHF	- 0.63	UEIC
LPL	- 0.55	SONY
LPL	- 0.53	SNEJF
LPL	- 0.4	AAPL
LPL	- 0.39	XIACY

Risk-Adjusted Indicators

There is a big difference between Samsung Pink Sheet performing well and Samsung Electronics 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 Samsung Electronics' 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
UEIC	1.82	(0.17)	0.00	(0.22)	0.00	0.00	3.64	(3.82)	9.87
VZIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VOXX	1.43	0.14	0.05	0.25	2.10	(1.49)	3.37	(4.56)	22.88
SONY	1.45	0.30	0.19	0.41	1.36	(1.73)	3.18	(2.53)	6.95
TCLHF	3.85	0.58	0.07	(1.49)	4.40	(6.36)	11.27	(8.57)	31.89
SHCAY	2.75	0.24	0.07	(5.22)	3.23	(3.38)	7.69	(5.06)	19.63
SNEJF	2.48	0.34	0.10	(1.39)	2.69	(2.97)	7.61	(5.35)	19.14
AAPL	1.08	0.12	0.07	0.28	1.51	(1.03)	2.10	(2.63)	7.04
XIACY	2.49	0.75	0.24	(163.89)	2.45	(2.74)	6.41	(4.95)	15.11
LPL	1.60	(0.05)	0.00	(0.06)	0.00	0.00	2.75	(3.63)	10.87

Be your own money manager

Our tools can tell you how much better you can do entering a position in Samsung Electronics 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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