311960 Correlations

311960 Stock

4,000 360.00 8.26%

The current 90-days correlation between 311960 and Samsung Electronics Co is -0.13 (i.e., Good diversification). The correlation of 311960 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.

311960 Correlation With Market

Significant diversification

The correlation between 311960 and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 311960 and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to 311960 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 311960 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 311960 - 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 311960 to buy it.

Moving together with 311960 Stock

0.67	035420	Naver	Pair Corr
0.65	035900	JYP Entertainment	Pair Corr
0.61	032640	LG Uplus	Pair Corr
0.73	041510	SM Entertainment	Pair Corr
0.65	012330	Hyundai Mobis	Pair Corr
0.68	205470	Humasis	Pair Corr
0.68	071055	Korea Investment Holdings	Pair Corr
0.76	122870	YG Entertainment	Pair Corr
0.76	003535	Hanwha InvestmentSecuri	Pair Corr

Moving against 311960 Stock

0.87	005385	Hyundai Motor	Pair Corr
0.85	005387	Hyundai Motor	Pair Corr
0.82	006400	Samsung SDI	Pair Corr
0.77	005935	Samsung Electronics	Pair Corr
0.76	005930	Samsung Electronics	Pair Corr
0.76	051910	LG Chemicals	Pair Corr
0.74	051915	LG Chem	Pair Corr
0.59	082270	GemVaxKAEL CoLtd	Pair Corr
0.57	207940	Samsung Biologics	Pair Corr
0.52	007070	GS Retail Split	Pair Corr

Related Correlations Analysis

	005935	078600	036010	021080	246690	014910	065680	192400
005935		0.7	0.87	0.12	0.53	0.66	0.75	0.05	005935
078600	0.7		0.83	0.39	0.56	0.84	0.78	0.15	078600
036010	0.87	0.83		0.22	0.76	0.85	0.91	0.17	036010
021080	0.12	0.39	0.22		0.18	0.58	0.35	0.17	021080
246690	0.53	0.56	0.76	0.18		0.69	0.79	0.43	246690
014910	0.66	0.84	0.85	0.58	0.69		0.86	0.32	014910
065680	0.75	0.78	0.91	0.35	0.79	0.86		0.32	065680
192400	0.05	0.15	0.17	0.17	0.43	0.32	0.32		192400
	005935	078600	036010	021080	246690	014910	065680	192400

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Risk-Adjusted Indicators

There is a big difference between 311960 Stock performing well and 311960 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 311960'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
005935	1.59	(0.30)	0.00	1.17	0.00	0.00	2.42	(3.67)	10.84
078600	2.87	(0.26)	0.00	0.27	0.00	0.00	6.39	(6.91)	19.12
036010	2.40	(0.29)	0.00	0.57	0.00	0.00	3.85	(5.02)	14.95
021080	2.30	(0.03)	0.00	(0.03)	0.00	0.00	5.76	(5.58)	21.40
246690	1.92	(0.04)	0.00	(0.09)	0.00	0.00	5.60	(5.20)	24.52
014910	1.31	(0.15)	0.00	0.35	0.00	0.00	2.94	(3.23)	10.53
065680	1.82	(0.14)	0.00	(0.95)	0.00	0.00	5.00	(3.28)	15.25
192400	1.28	0.07	0.03	(1.17)	1.38	(1.49)	3.07	(2.37)	7.73

311960 Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with 311960 stock to make a market-neutral strategy. Peer analysis of 311960 could also be used in its relative valuation, which is a method of valuing 311960 by comparing valuation metrics with similar companies.

Samsung Electronics Co Daejoo Electronic Materials ABCO Electronics Co Atinum Investment Co TS Investment Corp SungMoon Electronics Co UJU Electronics Co Cuckoo Electronics Co American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

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