Home Center Correlations

060560 Stock

KRW 767.00 12.00 1.54%

The current 90-days correlation between Home Center Holdings and Aprogen Healthcare Games is 0.05 (i.e., Significant diversification). The correlation of Home Center 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.

Home Center Correlation With Market

Significant diversification

The correlation between Home Center Holdings and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Home Center Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Home Stock

0.72	005490	POSCO Holdings	Pair Corr
0.88	009830	Hanwha Solutions	Pair Corr
0.63	086520	Ecopro	Pair Corr
0.75	005380	Hyundai Motor	Pair Corr
0.76	005385	Hyundai Motor	Pair Corr
0.69	005387	Hyundai Motor	Pair Corr
0.7	036460	Korea Gas	Pair Corr

Moving against Home Stock

0.81	105560	KB Financial Group	Pair Corr
0.75	032830	Samsung Life	Pair Corr
0.58	316140	Woori Financial Group	Pair Corr
0.51	001430	SeAH Bestee	Pair Corr

Related Correlations Analysis

	109960	036630	020180	002320	004140	230360	033830
109960		0.7	0.48	0.55	0.74	0.49	-0.57	109960
036630	0.7		0.85	0.71	0.82	0.65	-0.39	036630
020180	0.48	0.85		0.79	0.71	0.54	-0.11	020180
002320	0.55	0.71	0.79		0.6	0.57	-0.09	002320
004140	0.74	0.82	0.71	0.6		0.58	-0.68	004140
230360	0.49	0.65	0.54	0.57	0.58		-0.24	230360
033830	-0.57	-0.39	-0.11	-0.09	-0.68	-0.24		033830
	109960	036630	020180	002320	004140	230360	033830

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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

020180	+ 0.85	036630
004140	+ 0.82	036630
002320	+ 0.79	020180
004140	+ 0.74	109960
002320	+ 0.71	036630
004140	+ 0.71	020180

High negative correlations

033830	- 0.68	004140
033830	- 0.57	109960
033830	- 0.39	036630
033830	- 0.24	230360
033830	- 0.11	020180
033830	- 0.09	002320

Risk-Adjusted Indicators

There is a big difference between Home Stock performing well and Home Center 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 Home Center'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
109960	2.36	(0.70)	0.00	(1.88)	0.00	0.00	3.94	(5.42)	20.51
036630	0.79	(0.31)	0.00	(3.02)	0.00	0.00	1.37	(2.24)	5.23
020180	0.87	(0.11)	0.00	(0.81)	0.00	0.00	1.70	(1.89)	5.57
002320	0.92	(0.02)	0.00	1.04	0.00	0.00	2.04	(2.71)	7.39
004140	1.70	(0.34)	0.00	(1.29)	0.00	0.00	3.26	(4.33)	9.96
230360	2.25	(0.15)	0.00	(0.81)	0.00	0.00	4.60	(5.15)	18.55
033830	1.14	0.12	(0.02)	(1.09)	1.12	(1.46)	2.96	(2.10)	8.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in Home Center 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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