Korea Electronic Correlations

041460 Stock

KRW 3,090 75.00 2.37%

The current 90-days correlation between Korea Electronic Cer and Korea New Network is 0.54 (i.e., Very weak diversification). The correlation of Korea Electronic 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.

Korea Electronic Correlation With Market

Good diversification

The correlation between Korea Electronic Certification and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korea Electronic Certification and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Korea Stock

0.69	005935	Samsung Electronics	Pair Corr
0.7	005930	Samsung Electronics	Pair Corr
0.82	005380	Hyundai Motor	Pair Corr

Moving against Korea Stock

0.56	032830	Samsung Life	Pair Corr
0.5	024110	Industrial Bank	Pair Corr
0.45	105560	KB Financial Group	Pair Corr

Related Correlations Analysis

	058400	040910	104460	011390	011390	006805	133820	500003	267250	263920
058400		-0.46	-0.55	0.42	0.42	0.0	0.2	-0.37	-0.2	-0.31	058400
040910	-0.46		0.71	-0.58	-0.58	-0.54	-0.34	-0.07	0.38	0.92	040910
104460	-0.55	0.71		-0.47	-0.47	-0.32	-0.13	0.06	0.28	0.55	104460
011390	0.42	-0.58	-0.47		1.0	0.44	0.57	-0.01	-0.17	-0.58	011390
011390	0.42	-0.58	-0.47	1.0		0.44	0.57	-0.01	-0.17	-0.58	011390
006805	0.0	-0.54	-0.32	0.44	0.44		0.48	0.11	-0.14	-0.58	006805
133820	0.2	-0.34	-0.13	0.57	0.57	0.48		-0.23	-0.08	-0.41	133820
500003	-0.37	-0.07	0.06	-0.01	-0.01	0.11	-0.23		-0.12	-0.08	500003
267250	-0.2	0.38	0.28	-0.17	-0.17	-0.14	-0.08	-0.12		0.25	267250
263920	-0.31	0.92	0.55	-0.58	-0.58	-0.58	-0.41	-0.08	0.25		263920
	058400	040910	104460	011390	011390	006805	133820	500003	267250	263920

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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
263920	+ 0.92	040910
104460	+ 0.71	040910
133820	+ 0.57	011390
133820	+ 0.57	011390
263920	+ 0.55	104460

High negative correlations

263920	- 0.58	006805
263920	- 0.58	011390
263920	- 0.58	011390
011390	- 0.58	040910
011390	- 0.58	040910
104460	- 0.55	058400

Risk-Adjusted Indicators

There is a big difference between Korea Stock performing well and Korea Electronic 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 Korea Electronic'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
058400	1.06	0.04	(0.07)	(0.28)	1.35	(1.49)	3.60	(2.96)	9.85
040910	1.98	(0.59)	0.00	(3.86)	0.00	0.00	3.77	(4.29)	10.22
104460	2.43	(0.26)	0.00	(0.04)	0.00	0.00	5.14	(4.62)	19.67
011390	2.75	0.22	0.05	0.51	3.19	(3.54)	5.62	(4.82)	43.62
011390	2.75	0.22	0.05	0.51	3.19	(3.54)	5.62	(4.82)	43.62
006805	1.30	0.13	0.02	0.66	1.68	(1.50)	1.44	(2.55)	37.44
133820	2.05	0.07	0.00	0.28	2.14	(2.65)	3.59	(3.69)	25.82
500003	1.64	0.03	(0.05)	(0.21)	1.83	(1.90)	4.16	(3.07)	9.46
267250	1.39	(0.07)	0.00	(0.25)	0.00	0.00	2.80	(3.21)	9.29
263920	0.64	(0.14)	0.00	2.00	0.00	0.00	1.17	(1.75)	4.38

Be your own money manager

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