Curo Holdings Correlations

051780 Stock

KRW 1,041 34.00 3.16%

The current 90-days correlation between Curo Holdings and Samsung Electronics Co is -0.13 (i.e., Good diversification). The correlation of Curo Holdings 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.

Curo Holdings Correlation With Market

Average diversification

The correlation between Curo Holdings Co and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Curo Holdings Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Curo Stock

0.92	040910	ICD Co	Pair Corr
0.65	082270	GemVaxKAEL CoLtd	Pair Corr

Moving against Curo Stock

0.88	122870	YG Entertainment	Pair Corr
0.84	041510	SM Entertainment	Pair Corr
0.83	035420	Naver	Pair Corr
0.82	035900	JYP Entertainment	Pair Corr
0.78	078160	MEDIPOST	Pair Corr
0.78	003490	Korean Air Lines	Pair Corr
0.75	011390	Busan Industrial	Pair Corr
0.74	032640	LG Uplus	Pair Corr
0.74	071055	Korea Investment Holdings	Pair Corr
0.66	003535	Hanwha InvestmentSecuri	Pair Corr
0.65	012330	Hyundai Mobis	Pair Corr
0.63	205470	Humasis	Pair Corr
0.63	014940	Oriental Precision	Pair Corr
0.62	058400	Korea New Network	Pair Corr
0.6	230240	Hana Financial 7	Pair Corr
0.59	153460	Nable Communications	Pair Corr
0.57	065660	AnterogenCoLtd	Pair Corr
0.56	039240	Gyeongnam Steel	Pair Corr
0.51	241840	ASTORY CoLtd	Pair Corr
0.48	005430	Korea Air Svc	Pair Corr

Related Correlations Analysis

	005930	005935	105560	055550	005380	005385	005387	000660	066570
005930		0.96	-0.25	0.49	0.87	0.89	0.9	0.12	0.88	005930
005935	0.96		-0.17	0.55	0.87	0.89	0.91	0.06	0.89	005935
105560	-0.25	-0.17		0.44	-0.21	-0.22	-0.17	0.36	-0.32	105560
055550	0.49	0.55	0.44		0.5	0.55	0.62	0.39	0.54	055550
005380	0.87	0.87	-0.21	0.5		0.97	0.96	0.02	0.89	005380
005385	0.89	0.89	-0.22	0.55	0.97		0.98	0.02	0.91	005385
005387	0.9	0.91	-0.17	0.62	0.96	0.98		0.07	0.92	005387
000660	0.12	0.06	0.36	0.39	0.02	0.02	0.07		-0.08	000660
066570	0.88	0.89	-0.32	0.54	0.89	0.91	0.92	-0.08		066570
	005930	005935	105560	055550	005380	005385	005387	000660	066570

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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

005387	+ 0.98	005385
005385	+ 0.97	005380
005935	+ 0.96	005930
005387	+ 0.96	005380
066570	+ 0.92	005387
005387	+ 0.91	005935

High negative correlations

066570	- 0.32	105560
105560	- 0.25	005930
005385	- 0.22	105560
005380	- 0.21	105560
005387	- 0.17	105560
105560	- 0.17	005935

Risk-Adjusted Indicators

There is a big difference between Curo Stock performing well and Curo Holdings 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 Curo Holdings' 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
005930	1.66	(0.20)	0.00	(11.75)	0.00	0.00	3.94	(3.64)	10.64
005935	1.62	(0.20)	0.00	1.02	0.00	0.00	2.74	(3.67)	10.84
105560	2.07	0.13	0.03	(0.36)	2.71	(2.27)	4.98	(4.75)	18.43
055550	1.89	(0.18)	0.00	(6.13)	0.00	0.00	3.72	(5.14)	13.10
005380	1.66	(0.16)	0.00	0.73	0.00	0.00	3.69	(3.95)	8.32
005385	1.18	(0.22)	0.00	1.44	0.00	0.00	2.87	(2.23)	7.51
005387	1.36	(0.20)	0.00	5.27	0.00	0.00	2.58	(2.97)	7.99
000660	2.52	0.18	0.05	1.40	2.89	(2.64)	4.89	(4.63)	14.85
066570	1.52	(0.33)	0.00	1.08	0.00	0.00	2.42	(3.61)	9.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Curo Holdings 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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