Eugene Special Correlations

331380 Stock

KRW 1,997 98.00 4.68%

The current 90-days correlation between Eugene Special Purpose and Daejung Chemicals Metals is 0.11 (i.e., Average diversification). The correlation of Eugene Special 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.

Eugene Special Correlation With Market

Modest diversification

The correlation between Eugene Special Purpose and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eugene Special Purpose and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Eugene Stock

0.86	089980	Sang A Frontec	Pair Corr
0.86	226340	HMCIB SPAC 3	Pair Corr
0.88	014570	Korean Drug	Pair Corr
0.85	147830	Cheryong Industrial CoLtd	Pair Corr
0.64	064480	BRIDGETEC Corp	Pair Corr
0.92	044340	Winix Inc	Pair Corr

Moving against Eugene Stock

0.7	078340	Com2uS	Pair Corr
0.65	061040	RFTech	Pair Corr
0.56	230240	Hana Financial 7	Pair Corr
0.55	153460	Nable Communications	Pair Corr
0.42	127710	Asia Economy Daily	Pair Corr

Related Correlations Analysis

	014530	004430	051910	007690	120240	009900	008730	000390
014530		0.64	0.91	0.85	0.86	0.57	0.3	0.8	014530
004430	0.64		0.65	0.73	0.51	0.77	0.7	0.83	004430
051910	0.91	0.65		0.9	0.89	0.52	0.28	0.8	051910
007690	0.85	0.73	0.9		0.85	0.58	0.46	0.83	007690
120240	0.86	0.51	0.89	0.85		0.41	0.11	0.74	120240
009900	0.57	0.77	0.52	0.58	0.41		0.69	0.65	009900
008730	0.3	0.7	0.28	0.46	0.11	0.69		0.56	008730
000390	0.8	0.83	0.8	0.83	0.74	0.65	0.56		000390
	014530	004430	051910	007690	120240	009900	008730	000390

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Risk-Adjusted Indicators

There is a big difference between Eugene Stock performing well and Eugene Special 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 Eugene Special'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
014530	0.94	(0.08)	0.00	(0.26)	0.00	0.00	2.77	(2.51)	11.63
004430	2.38	0.08	(0.01)	2.71	2.80	(2.48)	7.09	(4.29)	18.99
051910	1.97	(0.23)	0.00	0.98	0.00	0.00	4.14	(5.40)	15.97
007690	1.44	(0.23)	0.00	4.67	0.00	0.00	2.79	(2.68)	10.10
120240	1.17	(0.17)	0.00	(7.28)	0.00	0.00	2.62	(2.90)	9.40
009900	2.60	0.04	(0.01)	0.35	3.23	(3.03)	6.55	(4.44)	19.91
008730	2.89	(0.08)	0.00	0.54	0.00	0.00	4.69	(5.50)	19.97
000390	1.65	(0.05)	0.00	0.70	0.00	0.00	3.80	(4.03)	12.54

Be your own money manager

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