EE-HWA Construction Correlations

001840 Stock

KRW 2,900 345.00 13.50%

The current 90-days correlation between EE HWA Construction and Display Tech Co is 0.21 (i.e., Modest diversification). The correlation of EE-HWA Construction 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.

EE-HWA Construction Correlation With Market

Average diversification

The correlation between EE HWA Construction Co and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EE HWA Construction Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against EE-HWA Stock

0.38	034830	Korea Real Estate	Pair Corr
0.35	053080	Wonbang Tech	Pair Corr

Related Correlations Analysis

	251270	066670	115480	032850	005830	003690	142280
251270		0.71	0.68	0.69	0.64	-0.74	0.53	251270
066670	0.71		0.83	0.77	0.73	-0.82	0.83	066670
115480	0.68	0.83		0.48	0.62	-0.7	0.83	115480
032850	0.69	0.77	0.48		0.68	-0.62	0.61	032850
005830	0.64	0.73	0.62	0.68		-0.56	0.63	005830
003690	-0.74	-0.82	-0.7	-0.62	-0.56		-0.55	003690
142280	0.53	0.83	0.83	0.61	0.63	-0.55		142280
	251270	066670	115480	032850	005830	003690	142280

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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

115480	+ 0.83	066670
142280	+ 0.83	066670
142280	+ 0.83	115480
032850	+ 0.77	066670
005830	+ 0.73	066670
066670	+ 0.71	251270

High negative correlations

003690	- 0.82	066670
003690	- 0.74	251270
003690	- 0.7	115480
003690	- 0.62	032850
003690	- 0.56	005830
142280	- 0.55	003690

Risk-Adjusted Indicators

There is a big difference between EE-HWA Stock performing well and EE-HWA Construction 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 EE-HWA Construction'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
251270	2.16	(0.06)	0.00	0.63	0.00	0.00	4.93	(4.31)	13.52
066670	1.10	(0.38)	0.00	(3.45)	0.00	0.00	1.60	(2.89)	13.83
115480	1.36	(0.23)	0.00	(1.24)	0.00	0.00	3.07	(3.81)	8.88
032850	1.33	(0.24)	0.00	(0.66)	0.00	0.00	2.65	(3.08)	11.35
005830	2.31	(0.13)	0.00	0.65	0.00	0.00	4.03	(4.80)	10.89
003690	1.27	0.16	0.01	(0.41)	1.37	(1.45)	2.65	(2.25)	8.68
142280	1.94	(0.36)	0.00	(18.10)	0.00	0.00	3.86	(4.71)	13.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in EE-HWA Construction 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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