Seoam Machinery Correlations
| 100660 Stock | KRW 3,845 95.00 2.41% |
The current 90-days correlation between Seoam Machinery Industry and Shinil Electronics Co is 0.42 (i.e., Very weak diversification). The correlation of Seoam Machinery 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.
Seoam Machinery Correlation With Market
Significant diversification
The correlation between Seoam Machinery Industry and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Seoam Machinery Industry and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Seoam Machinery could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Seoam Machinery 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 Seoam Machinery - 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 Seoam Machinery Industry to buy it.
Moving together with Seoam Stock
Related Correlations Analysis
| 0.48 | 0.3 | 0.09 | 0.24 | 0.43 | 0.37 | 009140 | ||
| 0.48 | 0.6 | 0.27 | 0.6 | 0.77 | 0.77 | 004140 | ||
| 0.3 | 0.6 | 0.18 | 0.55 | 0.73 | 0.67 | 002320 | ||
| 0.09 | 0.27 | 0.18 | 0.39 | 0.13 | 0.2 | 002700 | ||
| 0.24 | 0.6 | 0.55 | 0.39 | 0.7 | 0.69 | 078600 | ||
| 0.43 | 0.77 | 0.73 | 0.13 | 0.7 | 0.89 | 095270 | ||
| 0.37 | 0.77 | 0.67 | 0.2 | 0.69 | 0.89 | 065680 | ||
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Risk-Adjusted Indicators
There is a big difference between Seoam Stock performing well and Seoam Machinery 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 Seoam Machinery'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 009140 | 0.69 | (0.03) | 0.00 | 0.21 | 0.00 | 1.46 | 6.02 | |||
| 004140 | 1.70 | (0.34) | 0.00 | (1.29) | 0.00 | 3.26 | 9.96 | |||
| 002320 | 0.92 | (0.02) | 0.00 | 1.04 | 0.00 | 2.04 | 7.39 | |||
| 002700 | 0.73 | (0.05) | 0.00 | (0.39) | 0.00 | 1.96 | 4.91 | |||
| 078600 | 2.83 | (0.32) | 0.00 | 0.44 | 0.00 | 6.32 | 19.12 | |||
| 095270 | 2.14 | (0.37) | 0.00 | 0.92 | 0.00 | 3.96 | 13.10 | |||
| 065680 | 1.80 | (0.50) | 0.00 | (0.69) | 0.00 | 3.66 | 15.25 |
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Seoam Machinery Corporate Management
Elected by the shareholders, the Seoam Machinery's board of directors comprises two types of representatives: Seoam Machinery inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Seoam. The board's role is to monitor Seoam Machinery's management team and ensure that shareholders' interests are well served. Seoam Machinery's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Seoam Machinery's outside directors are responsible for providing unbiased perspectives on the board's policies.