LockLock Correlations

115390 Stock

8,660 20.00 0.23%

The current 90-days correlation between LockLock and Seah Steel Corp is -0.03 (i.e., Good diversification). The correlation of LockLock 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.

LockLock Correlation With Market

Significant diversification

The correlation between LockLock Co 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 LockLock Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with LockLock Stock

0.78	005930	Samsung Electronics	Pair Corr
0.78	005935	Samsung Electronics	Pair Corr

Moving against LockLock Stock

0.42	105560	KB Financial Group	Pair Corr
0.4	024110	Industrial Bank	Pair Corr
0.35	011170	Lotte Chemical Corp	Pair Corr

Related Correlations Analysis

	051910	005490	009830	004020	086520	003030	001430
051910		0.89	0.71	0.9	0.83	0.05	-0.49	051910
005490	0.89		0.85	0.84	0.76	0.17	-0.59	005490
009830	0.71	0.85		0.74	0.73	0.09	-0.68	009830
004020	0.9	0.84	0.74		0.76	-0.11	-0.57	004020
086520	0.83	0.76	0.73	0.76		0.21	-0.45	086520
003030	0.05	0.17	0.09	-0.11	0.21		0.24	003030
001430	-0.49	-0.59	-0.68	-0.57	-0.45	0.24		001430
	051910	005490	009830	004020	086520	003030	001430

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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

004020	+ 0.9	051910
005490	+ 0.89	051910
009830	+ 0.85	005490
004020	+ 0.84	005490
086520	+ 0.83	051910
086520	+ 0.76	005490

High negative correlations

001430	- 0.68	009830
001430	- 0.59	005490
001430	- 0.57	004020
001430	- 0.49	051910
001430	- 0.45	086520
003030	- 0.11	004020

Risk-Adjusted Indicators

There is a big difference between LockLock Stock performing well and LockLock 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 LockLock'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
051910	1.81	(0.12)	0.00	0.78	0.00	0.00	4.14	(5.12)	14.51
005490	2.03	(0.28)	0.00	(3.64)	0.00	0.00	4.50	(4.40)	17.75
009830	2.29	(0.56)	0.00	0.68	0.00	0.00	5.05	(4.24)	18.84
004020	1.54	(0.26)	0.00	0.82	0.00	0.00	3.12	(3.77)	12.58
086520	2.78	(0.14)	0.00	0.49	0.00	0.00	5.37	(5.35)	16.86
003030	2.29	0.06	(0.02)	0.64	2.81	(2.38)	4.71	(4.40)	14.40
001430	2.14	0.09	0.07	0.18	2.12	(2.66)	4.92	(3.86)	26.98

Be your own money manager

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