KTB Investment Correlations

030210 Stock

2,605 45.00 1.76%

The current 90-days correlation between KTB Investment Securities and Samsung Electronics Co is 0.28 (i.e., Modest diversification). The correlation of KTB Investment 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.

KTB Investment Correlation With Market

Good diversification

The correlation between KTB Investment Securities and DJI is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KTB Investment Securities and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with KTB Stock

0.89	293780	AptaBio Therapeutics	Pair Corr
0.66	215480	Daewoo SBI SPAC	Pair Corr
0.96	302430	Innometry	Pair Corr
0.94	033240	Jahwa Electron	Pair Corr
0.92	053080	Wonbang Tech	Pair Corr

Related Correlations Analysis

	005935	005930	000660	005490	011200	005387	005385	005380	000270
005935		0.97	-0.28	0.7	-0.23	0.71	0.74	0.72	0.69	005935
005930	0.97		-0.25	0.72	-0.31	0.68	0.71	0.68	0.68	005930
000660	-0.28	-0.25		0.16	-0.2	0.02	-0.06	-0.02	-0.41	000660
005490	0.7	0.72	0.16		-0.3	0.88	0.86	0.85	0.59	005490
011200	-0.23	-0.31	-0.2	-0.3		-0.1	-0.13	-0.07	0.14	011200
005387	0.71	0.68	0.02	0.88	-0.1		0.98	0.97	0.71	005387
005385	0.74	0.71	-0.06	0.86	-0.13	0.98		0.98	0.75	005385
005380	0.72	0.68	-0.02	0.85	-0.07	0.97	0.98		0.72	005380
000270	0.69	0.68	-0.41	0.59	0.14	0.71	0.75	0.72		000270
	005935	005930	000660	005490	011200	005387	005385	005380	000270

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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

005385	+ 0.98	005387
005380	+ 0.98	005385
005930	+ 0.97	005935
005380	+ 0.97	005387
005387	+ 0.88	005490
005385	+ 0.86	005490

High negative correlations

000270	- 0.41	000660
011200	- 0.31	005930
011200	- 0.3	005490
000660	- 0.28	005935
000660	- 0.25	005930
011200	- 0.23	005935

Risk-Adjusted Indicators

There is a big difference between KTB Stock performing well and KTB Investment 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 KTB Investment'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
005935	1.52	(0.25)	0.00	2.22	0.00	0.00	2.42	(3.64)	10.11
005930	1.68	(0.30)	0.00	(2.65)	0.00	0.00	3.94	(3.64)	10.64
000660	2.62	0.14	0.03	0.36	2.98	(2.74)	6.20	(4.97)	14.85
005490	2.02	(0.31)	0.00	22.43	0.00	0.00	4.50	(4.52)	17.75
011200	1.67	0.24	0.04	(0.34)	2.10	(1.91)	3.52	(3.54)	12.25
005387	1.41	(0.11)	0.00	(0.31)	0.00	0.00	3.23	(2.97)	7.99
005385	1.28	(0.08)	0.00	(2.20)	0.00	0.00	3.49	(2.32)	7.67
005380	1.68	(0.09)	0.00	(0.33)	0.00	0.00	3.80	(3.95)	8.99
000270	1.68	(0.02)	0.00	0.35	0.00	0.00	3.29	(3.08)	9.75

Be your own money manager

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