KT Submarine Correlations

060370 Stock

13,500 360.00 2.60%

The current 90-days correlation between KT Submarine Telecom and Sewoon Medical Co is 0.13 (i.e., Average diversification). The correlation of KT Submarine 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.

KT Submarine Correlation With Market

Modest diversification

The correlation between KT Submarine Telecom and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KT Submarine Telecom and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 060370 Stock

0.71	293780	AptaBio Therapeutics	Pair Corr
0.9	215480	Daewoo SBI SPAC	Pair Corr
0.92	302430	Innometry	Pair Corr
0.84	033240	Jahwa Electron	Pair Corr
0.7	053080	Wonbang Tech	Pair Corr

Moving against 060370 Stock

0.46

203650

Dream Security co

Pair Corr

Related Correlations Analysis

	004140	026940	007280	039240	100700	025550	058730	276730
004140		0.63	0.36	0.09	0.59	0.58	-0.49	0.47	004140
026940	0.63		0.3	-0.06	0.79	0.34	-0.37	0.15	026940
007280	0.36	0.3		-0.29	0.49	0.06	-0.42	0.24	007280
039240	0.09	-0.06	-0.29		-0.25	0.69	0.35	0.28	039240
100700	0.59	0.79	0.49	-0.25		0.21	-0.39	0.23	100700
025550	0.58	0.34	0.06	0.69	0.21		0.14	0.62	025550
058730	-0.49	-0.37	-0.42	0.35	-0.39	0.14		0.32	058730
276730	0.47	0.15	0.24	0.28	0.23	0.62	0.32		276730
	004140	026940	007280	039240	100700	025550	058730	276730

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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

100700	+ 0.79	026940
025550	+ 0.69	039240
026940	+ 0.63	004140
276730	+ 0.62	025550
100700	+ 0.59	004140
025550	+ 0.58	004140

High negative correlations

058730	- 0.49	004140
058730	- 0.42	007280
058730	- 0.39	100700
058730	- 0.37	026940
039240	- 0.29	007280
100700	- 0.25	039240

Risk-Adjusted Indicators

There is a big difference between 060370 Stock performing well and KT Submarine 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 KT Submarine'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
004140	1.69	(0.30)	0.00	(1.17)	0.00	0.00	3.26	(4.33)	9.96
026940	1.06	(0.16)	0.00	(0.58)	0.00	0.00	1.90	(2.70)	6.60
007280	1.19	(0.12)	0.00	1.89	0.00	0.00	2.84	(2.62)	10.37
039240	1.00	0.04	(0.07)	(0.06)	1.28	(1.06)	2.51	(2.15)	6.94
100700	1.14	(0.23)	0.00	(0.41)	0.00	0.00	2.87	(3.14)	7.32
025550	0.99	(0.08)	0.00	(0.93)	0.00	0.00	1.75	(1.76)	7.47
058730	2.23	(0.09)	0.00	(0.22)	0.00	0.00	4.98	(4.46)	18.43
276730	3.29	(0.69)	0.00	(0.67)	0.00	0.00	9.07	(6.13)	22.32

Be your own money manager

Our tools can tell you how much better you can do entering a position in KT Submarine 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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