Green Cross Correlations

142280 Stock  KRW 3,475  140.00  4.20%   
The current 90-days correlation between Green Cross Medical and Samsung Electronics Co is 0.38 (i.e., Weak diversification). The correlation of Green Cross 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.
  
The ability to find closely correlated positions to Green Cross could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Green Cross 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 Green Cross - 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 Green Cross Medical to buy it.

Moving together with Green Stock

  0.61005930 Samsung ElectronicsPairCorr
  0.64005387 Hyundai MotorPairCorr

Moving against Green Stock

  0.33024110 Industrial BankPairCorr

Related Correlations Analysis

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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   
005935005930
005385005387
005385005380
005380005387
005490034730
005387005490
  
High negative correlations   
000270000660
000660005935
000660005930
005385000660
005380000660
005387000660

Risk-Adjusted Indicators

There is a big difference between Green Stock performing well and Green Cross 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 Green Cross' 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.

Be your own money manager

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