CJ ENM Correlations
| 035760 Stock | KRW 64,700 300.00 0.46% |
The current 90-days correlation between CJ ENM and SM Entertainment Co is 0.4 (i.e., Very weak diversification). The correlation of CJ ENM 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.
CJ ENM Correlation With Market
Very good diversification
The correlation between CJ ENM and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CJ ENM and DJI in the same portfolio, assuming nothing else is changed.
035760 |
The ability to find closely correlated positions to CJ ENM could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CJ ENM 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 CJ ENM - 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 CJ ENM to buy it.
Moving together with 035760 Stock
| 0.87 | 005930 | Samsung Electronics | PairCorr |
| 0.87 | 005935 | Samsung Electronics | PairCorr |
| 0.66 | 005380 | Hyundai Motor | PairCorr |
| 0.62 | 005385 | Hyundai Motor | PairCorr |
| 0.74 | 066570 | LG Electronics | PairCorr |
Moving against 035760 Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in CJ ENM 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.Did you try this?
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CJ ENM Corporate Management
Elected by the shareholders, the CJ ENM's board of directors comprises two types of representatives: CJ ENM inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 035760. The board's role is to monitor CJ ENM's management team and ensure that shareholders' interests are well served. CJ ENM's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, CJ ENM's outside directors are responsible for providing unbiased perspectives on the board's policies.