JLK Correlations

322510 Stock

7,760 150.00 1.90%

The current 90-days correlation between JLK Inc and Samsung Electronics Co is 0.17 (i.e., Average diversification). The correlation of JLK 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.

JLK Correlation With Market

Significant diversification

The correlation between JLK Inc and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JLK Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with JLK Stock

0.79	005935	Samsung Electronics	Pair Corr
0.82	005930	Samsung Electronics	Pair Corr
0.61	207940	Samsung Biologics	Pair Corr
0.77	051915	LG Chem	Pair Corr
0.8	051910	LG Chemicals	Pair Corr
0.86	006400	Samsung SDI	Pair Corr
0.86	005387	Hyundai Motor	Pair Corr
0.89	005385	Hyundai Motor	Pair Corr
0.78	082270	GemVaxKAEL CoLtd	Pair Corr

Moving against JLK Stock

0.74	041510	SM Entertainment	Pair Corr
0.67	035420	Naver	Pair Corr
0.67	035900	JYP Entertainment	Pair Corr
0.62	032640	LG Uplus	Pair Corr
0.54	011390	Busan Industrial	Pair Corr
0.4	003920	Namyang Dairy	Pair Corr
0.8	122870	YG Entertainment	Pair Corr
0.77	003535	Hanwha InvestmentSecuri	Pair Corr
0.67	071055	Korea Investment Holdings	Pair Corr
0.66	012330	Hyundai Mobis	Pair Corr
0.58	205470	Humasis	Pair Corr
0.57	078160	MEDIPOST	Pair Corr
0.46	153460	Nable Communications	Pair Corr
0.35	039240	Gyeongnam Steel	Pair Corr
0.35	230240	Hana Financial 7	Pair Corr
0.34	065660	AnterogenCoLtd	Pair Corr

Related Correlations Analysis

	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385
005935		0.96	0.5	0.2	0.51	0.84	0.85	0.86	0.9	0.88	005935
005930	0.96		0.48	0.27	0.58	0.82	0.85	0.91	0.89	0.88	005930
373220	0.5	0.48		0.33	0.52	0.74	0.73	0.59	0.52	0.47	373220
000660	0.2	0.27	0.33		0.56	0.41	0.4	0.35	0.21	0.18	000660
207940	0.51	0.58	0.52	0.56		0.63	0.66	0.7	0.53	0.56	207940
051915	0.84	0.82	0.74	0.41	0.63		0.99	0.9	0.88	0.84	051915
051910	0.85	0.85	0.73	0.4	0.66	0.99		0.93	0.9	0.87	051910
006400	0.86	0.91	0.59	0.35	0.7	0.9	0.93		0.91	0.91	006400
005387	0.9	0.89	0.52	0.21	0.53	0.88	0.9	0.91		0.98	005387
005385	0.88	0.88	0.47	0.18	0.56	0.84	0.87	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 JLK Stock performing well and JLK 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 JLK'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	1.61	(0.22)	0.00	(1.67)	0.00	0.00	2.74	(3.67)	10.84
005930	1.68	(0.21)	0.00	(8.72)	0.00	0.00	3.94	(3.64)	10.64
373220	2.20	(0.16)	0.00	1.24	0.00	0.00	4.09	(3.90)	17.72
000660	2.48	0.17	0.04	(0.25)	2.94	(2.57)	4.89	(4.63)	14.85
207940	0.86	(0.11)	0.00	(0.50)	0.00	0.00	2.57	(2.50)	7.43
051915	2.11	(0.48)	0.00	(1.05)	0.00	0.00	4.35	(4.61)	14.51
051910	1.93	(0.36)	0.00	(1.10)	0.00	0.00	4.14	(5.40)	15.97
006400	2.44	(0.61)	0.00	(2.07)	0.00	0.00	4.45	(5.98)	15.04
005387	1.36	(0.18)	0.00	1.02	0.00	0.00	2.58	(2.97)	7.99
005385	1.20	(0.21)	0.00	(2.27)	0.00	0.00	2.87	(2.23)	7.51

JLK 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 JLK stock to make a market-neutral strategy. Peer analysis of JLK could also be used in its relative valuation, which is a method of valuing JLK by comparing valuation metrics with similar companies.

Samsung Electronics Co Samsung Electronics Co LG Energy Solution SK Hynix Samsung Biologics Co LG Chem LG Chemicals Samsung SDI Hyundai Motor Co Hyundai Motor Co American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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