Value Added Correlations

043150 Stock  KRW 20,600  300.00  1.48%   
The current 90-days correlation between Value Added Technology and KT Hitel is 0.44 (i.e., Very weak diversification). The correlation of Value Added 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.

Value Added Correlation With Market

Good diversification

The correlation between Value Added Technology and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Added Technology and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Value Added could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Value Added 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 Value Added - 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 Value Added Technology to buy it.

Moving together with Value Stock

  0.61005930 Samsung ElectronicsPairCorr
  0.86005490 POSCO HoldingsPairCorr
  0.68005387 Hyundai MotorPairCorr
  0.74005385 Hyundai MotorPairCorr
  0.78005380 Hyundai MotorPairCorr

Moving against Value Stock

  0.78035420 NaverPairCorr

Related Correlations Analysis

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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   
029780215600
065660217330
029780293780
298380036030
298380217330
298380065660
  
High negative correlations   
041190293780
041190029780
298380215600
298380029780
029780217330
041190215600

Risk-Adjusted Indicators

There is a big difference between Value Stock performing well and Value Added 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 Value Added'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.

Be your own money manager

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