Hanilcmt Correlations

300720 Stock

14,660 260.00 1.81%

The current 90-days correlation between Hanilcmt and Sempio Foods Co is 0.18 (i.e., Average diversification). The correlation of Hanilcmt 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.

Hanilcmt Correlation With Market

Significant diversification

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

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

Moving together with Hanilcmt Stock

0.61

005935

Samsung Electronics

Pair Corr

Moving against Hanilcmt Stock

0.47

373220

LG Energy Solution

Pair Corr

Related Correlations Analysis

	248170	204610	068050	368970	003230	041920	279600	900120
248170		-0.3	0.38	0.7	0.17	0.06	-0.02	0.69	248170
204610	-0.3		0.38	-0.53	0.51	-0.24	0.38	-0.49	204610
068050	0.38	0.38		0.36	0.39	0.17	-0.01	0.36	068050
368970	0.7	-0.53	0.36		-0.16	0.35	-0.2	0.81	368970
003230	0.17	0.51	0.39	-0.16		-0.46	0.23	-0.07	003230
041920	0.06	-0.24	0.17	0.35	-0.46		-0.31	0.38	041920
279600	-0.02	0.38	-0.01	-0.2	0.23	-0.31		0.0	279600
900120	0.69	-0.49	0.36	0.81	-0.07	0.38	0.0		900120
	248170	204610	068050	368970	003230	041920	279600	900120

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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

900120	+ 0.81	368970
368970	+ 0.7	248170
900120	+ 0.69	248170
003230	+ 0.51	204610
003230	+ 0.39	068050
068050	+ 0.38	248170

High negative correlations

368970	- 0.53	204610
900120	- 0.49	204610
041920	- 0.46	003230
279600	- 0.31	041920
204610	- 0.3	248170
041920	- 0.24	204610

Risk-Adjusted Indicators

There is a big difference between Hanilcmt Stock performing well and Hanilcmt 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 Hanilcmt'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
248170	1.27	(0.10)	0.00	0.93	0.00	0.00	2.38	(2.59)	8.26
204610	2.08	0.45	0.15	(0.78)	1.76	(2.60)	5.24	(3.16)	10.28
068050	1.16	0.09	(0.02)	(0.45)	1.23	(1.45)	2.60	(1.89)	6.32
368970	1.48	(0.27)	0.00	2.82	0.00	0.00	2.15	(2.84)	15.72
003230	2.37	0.31	0.07	(1.09)	2.25	(3.19)	6.36	(3.77)	17.57
041920	1.86	(0.02)	0.00	0.15	0.00	0.00	4.13	(3.97)	14.70
279600	0.92	0.06	(0.02)	(0.11)	1.43	(2.57)	4.35	(2.80)	10.41
900120	2.25	(0.26)	0.00	1.01	0.00	0.00	4.41	(4.35)	17.80

Be your own money manager

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