Ubiquoss Correlations

264450 Stock

8,180 230.00 2.89%

The current 90-days correlation between Ubiquoss and Samsung Electronics Co is 0.27 (i.e., Modest diversification). The correlation of Ubiquoss 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.

Ubiquoss Correlation With Market

Significant diversification

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

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

Moving together with Ubiquoss Stock

0.69	000660	SK Hynix	Pair Corr
0.66	053080	Wonbang Tech	Pair Corr
0.64	227100	Design	Pair Corr

Moving against Ubiquoss Stock

0.61	034950	Korea Ratings	Pair Corr
0.59	078160	MEDIPOST	Pair Corr
0.59	241560	Doosan Bobcat	Pair Corr
0.44	262840	IQuest Co	Pair Corr
0.78	153460	Nable Communications	Pair Corr
0.71	241840	ASTORY CoLtd	Pair Corr
0.71	035420	Naver	Pair Corr
0.68	039240	Gyeongnam Steel	Pair Corr
0.67	035900	JYP Entertainment	Pair Corr
0.64	230240	Hana Financial 7	Pair Corr
0.58	011390	Busan Industrial	Pair Corr
0.56	032640	LG Uplus	Pair Corr
0.43	065660	AnterogenCoLtd	Pair Corr
0.34	122870	YG Entertainment	Pair Corr
0.31	041510	SM Entertainment	Pair Corr

Related Correlations Analysis

	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385
005935		0.96	0.42	0.06	0.49	0.81	0.82	0.86	0.91	0.89	005935
005930	0.96		0.42	0.12	0.57	0.79	0.82	0.91	0.9	0.89	005930
373220	0.42	0.42		0.32	0.45	0.7	0.69	0.53	0.47	0.41	373220
000660	0.06	0.12	0.32		0.46	0.35	0.34	0.22	0.07	0.02	000660
207940	0.49	0.57	0.45	0.46		0.59	0.63	0.7	0.53	0.56	207940
051915	0.81	0.79	0.7	0.35	0.59		0.98	0.88	0.86	0.81	051915
051910	0.82	0.82	0.69	0.34	0.63	0.98		0.92	0.88	0.84	051910
006400	0.86	0.91	0.53	0.22	0.7	0.88	0.92		0.91	0.91	006400
005387	0.91	0.9	0.47	0.07	0.53	0.86	0.88	0.91		0.98	005387
005385	0.89	0.89	0.41	0.02	0.56	0.81	0.84	0.91	0.98		005385
	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385

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Risk-Adjusted Indicators

There is a big difference between Ubiquoss Stock performing well and Ubiquoss 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 Ubiquoss' 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
005935	1.62	(0.20)	0.00	1.02	0.00	0.00	2.74	(3.67)	10.84
005930	1.66	(0.20)	0.00	(11.75)	0.00	0.00	3.94	(3.64)	10.64
373220	2.18	(0.12)	0.00	0.33	0.00	0.00	4.09	(3.90)	17.72
000660	2.52	0.18	0.05	1.40	2.89	(2.64)	4.89	(4.63)	14.85
207940	0.86	(0.10)	0.00	10.38	0.00	0.00	2.57	(2.50)	7.43
051915	2.12	(0.38)	0.00	1.13	0.00	0.00	4.35	(4.61)	14.51
051910	1.93	(0.31)	0.00	1.32	0.00	0.00	4.14	(5.40)	15.97
006400	2.44	(0.51)	0.00	0.69	0.00	0.00	4.45	(5.98)	15.04
005387	1.36	(0.20)	0.00	5.27	0.00	0.00	2.58	(2.97)	7.99
005385	1.18	(0.22)	0.00	1.44	0.00	0.00	2.87	(2.23)	7.51

Be your own money manager

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