SFA Semicon Correlations
| 036540 Stock | KRW 3,125 125.00 4.17% |
The current 90-days correlation between SFA Semicon and SFA Engineering is 0.24 (i.e., Modest diversification). The correlation of SFA Semicon 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.
SFA |
The ability to find closely correlated positions to SFA Semicon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SFA Semicon 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 SFA Semicon - 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 SFA Semicon Co to buy it.
Moving together with SFA Stock
| 0.71 | 005930 | Samsung Electronics | PairCorr |
| 0.67 | 005935 | Samsung Electronics | PairCorr |
| 0.74 | 005380 | Hyundai Motor | PairCorr |
| 0.76 | 005385 | Hyundai Motor | PairCorr |
| 0.77 | 005387 | Hyundai Motor | PairCorr |
| 0.71 | 066570 | LG Electronics | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between SFA Stock performing well and SFA Semicon 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 SFA Semicon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 056190 | 2.04 | (0.31) | 0.00 | (3.21) | 0.00 | 2.92 | 14.62 | |||
| 033640 | 2.43 | (0.53) | 0.00 | (1.87) | 0.00 | 4.28 | 12.65 | |||
| 058470 | 2.31 | (0.24) | 0.00 | (0.23) | 0.00 | 5.15 | 12.70 | |||
| 046890 | 1.82 | (0.33) | 0.00 | 6.71 | 0.00 | 3.51 | 25.37 |
Be your own money manager
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