Bosung Power Correlations

006910 Stock

KRW 2,625 10.00 0.38%

The current 90-days correlation between Bosung Power Technology and UNISEM Co is 0.39 (i.e., Weak diversification). The correlation of Bosung Power 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.

Bosung Power Correlation With Market

Significant diversification

The correlation between Bosung Power Technology and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bosung Power Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bosung Stock

0.75	005930	Samsung Electronics	Pair Corr
0.79	005935	Samsung Electronics	Pair Corr
0.8	055550	Shinhan Financial	Pair Corr
0.69	005380	Hyundai Motor	Pair Corr
0.75	005385	Hyundai Motor	Pair Corr
0.8	005387	Hyundai Motor	Pair Corr
0.8	066570	LG Electronics	Pair Corr

Moving against Bosung Stock

0.89	035420	Naver	Pair Corr
0.83	078160	MEDIPOST	Pair Corr
0.78	039240	Gyeongnam Steel	Pair Corr
0.66	041510	SM Entertainment	Pair Corr
0.41	059100	i Components	Pair Corr
0.84	011390	Busan Industrial	Pair Corr
0.83	035900	JYP Entertainment	Pair Corr
0.81	230240	Hana Financial 7	Pair Corr
0.77	153460	Nable Communications	Pair Corr
0.75	241840	ASTORY CoLtd	Pair Corr
0.7	065660	AnterogenCoLtd	Pair Corr
0.7	122870	YG Entertainment	Pair Corr
0.68	032640	LG Uplus	Pair Corr
0.63	071055	Korea Investment Holdings	Pair Corr
0.44	241560	Doosan Bobcat	Pair Corr
0.39	003535	Hanwha InvestmentSecuri	Pair Corr
0.38	012330	Hyundai Mobis	Pair Corr
0.31	205470	Humasis	Pair Corr

Related Correlations Analysis

	011390	011390	006805	500015	036200	314140	263920	00680K	103140	266370
011390		1.0	0.4	0.0	-0.59	-0.73	-0.68	0.16	-0.65	-0.66	011390
011390	1.0		0.4	0.0	-0.59	-0.73	-0.68	0.16	-0.65	-0.66	011390
006805	0.4	0.4		-0.22	-0.65	-0.7	-0.53	0.48	-0.44	-0.67	006805
500015	0.0	0.0	-0.22		0.28	0.3	0.18	0.09	0.16	0.27	500015
036200	-0.59	-0.59	-0.65	0.28		0.89	0.81	-0.35	0.72	0.93	036200
314140	-0.73	-0.73	-0.7	0.3	0.89		0.87	-0.22	0.75	0.95	314140
263920	-0.68	-0.68	-0.53	0.18	0.81	0.87		-0.16	0.65	0.89	263920
00680K	0.16	0.16	0.48	0.09	-0.35	-0.22	-0.16		0.02	-0.24	00680K
103140	-0.65	-0.65	-0.44	0.16	0.72	0.75	0.65	0.02		0.74	103140
266370	-0.66	-0.66	-0.67	0.27	0.93	0.95	0.89	-0.24	0.74		266370
	011390	011390	006805	500015	036200	314140	263920	00680K	103140	266370

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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

011390	+ 1.0	011390
266370	+ 0.95	314140
266370	+ 0.93	036200
314140	+ 0.89	036200
266370	+ 0.89	263920
263920	+ 0.87	314140

High negative correlations

314140	- 0.73	011390
314140	- 0.73	011390
314140	- 0.7	006805
263920	- 0.68	011390
263920	- 0.68	011390
266370	- 0.67	006805

Risk-Adjusted Indicators

There is a big difference between Bosung Stock performing well and Bosung Power 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 Bosung Power'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
011390	3.56	0.80	0.20	1.72	3.28	(4.56)	10.02	(5.41)	43.62
011390	3.56	0.80	0.20	1.72	3.28	(4.56)	10.02	(5.41)	43.62
006805	1.56	0.09	0.02	(4.66)	2.06	(1.88)	2.53	(3.65)	37.44
500015	1.39	0.10	0.04	(4.49)	1.69	(1.50)	2.68	(2.83)	7.90
036200	2.57	(0.02)	0.00	0.13	0.00	0.00	6.07	(5.44)	16.12
314140	1.93	(0.22)	0.00	(0.63)	0.00	0.00	3.94	(4.68)	14.17
263920	0.80	(0.09)	0.00	0.85	0.00	0.00	1.93	(2.12)	7.39
00680K	0.98	(0.02)	0.00	0.15	0.00	0.00	2.21	(2.40)	8.46
103140	2.46	0.00	(0.01)	0.07	3.06	(2.71)	5.63	(4.90)	15.13
266370	1.38	(0.18)	0.00	1.01	0.00	0.00	2.42	(3.02)	8.14

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bosung Power 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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