Booster Correlations

008470 Stock

KRW 3,905 125.00 3.10%

The current 90-days correlation between Booster and Chorokbaem Healthcare Co is 0.24 (i.e., Modest diversification). The correlation of Booster 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.

Booster Correlation With Market

Average diversification

The correlation between Booster Co and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Booster Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Booster Stock

0.69	297090	CS BEARING CoLtd	Pair Corr
0.63	317830	SP Systems CoLtd	Pair Corr
0.65	123040	MS Autotech CoLtd	Pair Corr
0.72	012700	LEADCORP	Pair Corr
0.69	101400	N Citron	Pair Corr
0.66	122690	Seojin Automotive CoLtd	Pair Corr

Related Correlations Analysis

	118000	020150	088910	246960	099410	050090	051900	097230
118000		0.72	0.81	0.82	-0.76	0.81	0.5	-0.42	118000
020150	0.72		0.74	0.65	-0.53	0.92	0.75	-0.76	020150
088910	0.81	0.74		0.74	-0.63	0.86	0.55	-0.49	088910
246960	0.82	0.65	0.74		-0.83	0.72	0.54	-0.2	246960
099410	-0.76	-0.53	-0.63	-0.83		-0.6	-0.38	0.07	099410
050090	0.81	0.92	0.86	0.72	-0.6		0.72	-0.67	050090
051900	0.5	0.75	0.55	0.54	-0.38	0.72		-0.56	051900
097230	-0.42	-0.76	-0.49	-0.2	0.07	-0.67	-0.56		097230
	118000	020150	088910	246960	099410	050090	051900	097230

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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

050090	+ 0.92	020150
050090	+ 0.86	088910
246960	+ 0.82	118000
088910	+ 0.81	118000
050090	+ 0.81	118000
051900	+ 0.75	020150

High negative correlations

099410	- 0.83	246960
097230	- 0.76	020150
099410	- 0.76	118000
097230	- 0.67	050090
099410	- 0.63	088910
050090	- 0.6	099410

Risk-Adjusted Indicators

There is a big difference between Booster Stock performing well and Booster 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 Booster'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
118000	1.12	(0.47)	0.00	(4.14)	0.00	0.00	1.69	(2.42)	8.63
020150	2.67	(0.58)	0.00	27.49	0.00	0.00	5.06	(6.15)	15.87
088910	0.81	(0.08)	0.00	0.76	0.00	0.00	1.54	(2.23)	6.29
246960	1.14	(0.08)	0.00	0.46	0.00	0.00	2.99	(2.30)	8.59
099410	2.01	0.05	0.01	0.16	2.45	(2.15)	4.55	(3.61)	13.87
050090	1.94	(0.34)	0.00	0.98	0.00	0.00	2.09	(4.16)	18.03
051900	1.79	(0.05)	0.00	(0.07)	0.00	0.00	4.05	(4.65)	13.42
097230	2.90	0.54	0.22	0.43	2.40	(3.67)	9.00	(5.19)	27.63

Be your own money manager

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