Pum Tech Correlations

251970 Stock

KRW 41,650 400.00 0.95%

The current 90-days correlation between Pum Tech Korea and Seung Il is 0.16 (i.e., Average diversification). The correlation of Pum Tech 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 Pum Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pum Tech 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 Pum Tech - 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 Pum Tech Korea Co to buy it.

Moving together with Pum Stock

0.72	011390	Busan Industrial	Pair Corr
0.65	078160	MEDIPOST	Pair Corr
0.61	241560	Doosan Bobcat	Pair Corr
0.61	065660	AnterogenCoLtd	Pair Corr
0.64	230240	Hana Financial 7	Pair Corr

Moving against Pum Stock

0.62	055550	Shinhan Financial	Pair Corr
0.55	005935	Samsung Electronics	Pair Corr
0.45	005380	Hyundai Motor	Pair Corr
0.42	005930	Samsung Electronics	Pair Corr
0.4	316140	Woori Financial Group	Pair Corr
0.37	086790	Hana Financial	Pair Corr
0.5	227100	Design	Pair Corr

Related Correlations Analysis

	251970	049830	037230	035420	039240	014940	003490	082270	005430	071055
251970		0.51	-0.13	0.5	0.72	0.2	0.18	-0.27	0.37	0.43	251970
049830	0.51		-0.23	0.68	0.61	0.58	0.49	-0.17	0.63	0.51	049830
037230	-0.13	-0.23		-0.57	-0.49	-0.68	-0.25	0.11	-0.09	-0.17	037230
035420	0.5	0.68	-0.57		0.71	0.82	0.7	-0.27	0.5	0.72	035420
039240	0.72	0.61	-0.49	0.71		0.58	0.23	-0.26	0.4	0.35	039240
014940	0.2	0.58	-0.68	0.82	0.58		0.58	-0.24	0.34	0.45	014940
003490	0.18	0.49	-0.25	0.7	0.23	0.58		-0.45	0.63	0.78	003490
082270	-0.27	-0.17	0.11	-0.27	-0.26	-0.24	-0.45		-0.11	-0.37	082270
005430	0.37	0.63	-0.09	0.5	0.4	0.34	0.63	-0.11		0.63	005430
071055	0.43	0.51	-0.17	0.72	0.35	0.45	0.78	-0.37	0.63		071055
	251970	049830	037230	035420	039240	014940	003490	082270	005430	071055

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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

014940	+ 0.82	035420
071055	+ 0.78	003490
039240	+ 0.72	251970
071055	+ 0.72	035420
039240	+ 0.71	035420
003490	+ 0.7	035420

High negative correlations

014940	- 0.68	037230
035420	- 0.57	037230
039240	- 0.49	037230
082270	- 0.45	003490
071055	- 0.37	082270
082270	- 0.27	035420

Risk-Adjusted Indicators

There is a big difference between Pum Stock performing well and Pum Tech 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 Pum Tech'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
251970	2.38	0.29	0.09	32.82	2.56	(2.74)	7.50	(4.55)	14.59
049830	1.54	0.19	0.08	0.72	1.72	(1.69)	3.00	(3.38)	15.26
037230	1.13	(0.02)	0.00	(0.16)	0.00	0.00	1.77	(3.45)	12.40
035420	1.55	0.35	0.15	1.05	1.78	(1.63)	3.73	(3.11)	8.89
039240	3.17	1.08	0.27	(1.16)	2.68	(3.68)	10.98	(3.11)	40.27
014940	2.80	0.33	0.13	0.19	2.50	(3.69)	7.92	(5.03)	23.17
003490	1.27	0.09	0.03	(1.78)	1.55	(1.50)	2.75	(3.29)	8.66
082270	5.07	0.37	0.05	0.32	7.09	(5.34)	11.78	(8.06)	44.72
005430	2.07	0.22	0.08	2.35	2.23	(2.44)	5.48	(4.17)	12.40
071055	1.05	0.06	0.01	(0.30)	1.38	(1.14)	2.20	(2.44)	8.96

Be your own money manager

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