ATON Correlations

158430 Stock

KRW 5,210 110.00 2.07%

The current 90-days correlation between ATON Inc and Korea Air Svc is 0.16 (i.e., Average diversification). The correlation of ATON 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.

ATON Correlation With Market

Good diversification

The correlation between ATON Inc and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ATON Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ATON Stock

0.82

402030

Konan Technology

Pair Corr

Moving against ATON Stock

0.83	036800	Nice Information Tel	Pair Corr
0.77	194480	Devsisters corporation	Pair Corr
0.69	022100	Posco ICT	Pair Corr
0.65	347860	Alchera	Pair Corr
0.6	276040	SKONEC Entertainment	Pair Corr
0.57	005930	Samsung Electronics	Pair Corr
0.52	005935	Samsung Electronics	Pair Corr
0.45	005380	Hyundai Motor	Pair Corr
0.45	005385	Hyundai Motor	Pair Corr
0.44	066570	LG Electronics	Pair Corr
0.41	123420	SundayToz Corp	Pair Corr
0.37	055550	Shinhan Financial	Pair Corr
0.36	005387	Hyundai Motor	Pair Corr
0.33	293490	Kakao Games Corp	Pair Corr

Related Correlations Analysis

	005430	065350	322310	001290	044960	071055	071670
005430		0.33	-0.08	-0.07	0.56	0.69	-0.22	005430
065350	0.33		-0.1	-0.12	0.0	0.25	-0.08	065350
322310	-0.08	-0.1		0.84	0.4	-0.45	0.9	322310
001290	-0.07	-0.12	0.84		0.41	-0.49	0.88	001290
044960	0.56	0.0	0.4	0.41		0.15	0.41	044960
071055	0.69	0.25	-0.45	-0.49	0.15		-0.58	071055
071670	-0.22	-0.08	0.9	0.88	0.41	-0.58		071670
	005430	065350	322310	001290	044960	071055	071670

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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

071670	+ 0.9	322310
071670	+ 0.88	001290
001290	+ 0.84	322310
071055	+ 0.69	005430
044960	+ 0.56	005430
044960	+ 0.41	001290

High negative correlations

071670	- 0.58	071055
071055	- 0.49	001290
071055	- 0.45	322310
071670	- 0.22	005430
001290	- 0.12	065350
322310	- 0.1	065350

Risk-Adjusted Indicators

There is a big difference between ATON Stock performing well and ATON 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 ATON'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
005430	1.74	0.01	(0.03)	0.16	1.77	(2.28)	4.58	(2.94)	9.77
065350	2.89	0.41	0.11	1.53	2.51	(3.72)	7.31	(4.36)	18.34
322310	2.56	(0.51)	0.00	6.17	0.00	0.00	4.92	(4.78)	19.60
001290	0.99	(0.19)	0.00	(2.64)	0.00	0.00	2.00	(2.32)	8.73
044960	1.16	(0.07)	0.00	(0.37)	0.00	0.00	2.66	(2.39)	7.75
071055	0.87	0.06	(0.04)	0.51	1.04	(0.99)	1.73	(1.38)	5.43
071670	1.35	(0.28)	0.00	(2.59)	0.00	0.00	2.57	(3.66)	11.38

Be your own money manager

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