Top Material Correlations

360070 Stock

28,900 1,300 4.30%

The current 90-days correlation between Top Material and Samsung Electronics Co is 0.34 (i.e., Weak diversification). The correlation of Top Material 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.

Top Material Correlation With Market

Good diversification

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

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

Moving together with Top Stock

0.72	005935	Samsung Electronics	Pair Corr
0.75	005930	Samsung Electronics	Pair Corr
0.76	051910	LG Chemicals	Pair Corr
0.84	006400	Samsung SDI	Pair Corr
0.68	005387	Hyundai Motor	Pair Corr
0.74	005385	Hyundai Motor	Pair Corr
0.69	293780	AptaBio Therapeutics	Pair Corr
0.93	215480	Daewoo SBI SPAC	Pair Corr
0.88	302430	Innometry	Pair Corr
0.9	033240	Jahwa Electron	Pair Corr
0.83	053080	Wonbang Tech	Pair Corr

Moving against Top Stock

0.44

203650

Dream Security co

Pair Corr

Related Correlations Analysis

	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385
005935		0.99	-0.47	-0.3	-0.13	0.05	0.26	0.54	0.48	0.59	005935
005930	0.99		-0.43	-0.27	-0.1	0.05	0.27	0.56	0.46	0.57	005930
373220	-0.47	-0.43		0.13	0.24	0.47	0.42	0.18	0.1	-0.01	373220
000660	-0.3	-0.27	0.13		0.38	0.28	0.16	-0.15	-0.17	-0.22	000660
207940	-0.13	-0.1	0.24	0.38		0.54	0.53	0.47	0.32	0.31	207940
051915	0.05	0.05	0.47	0.28	0.54		0.94	0.69	0.69	0.63	051915
051910	0.26	0.27	0.42	0.16	0.53	0.94		0.84	0.76	0.73	051910
006400	0.54	0.56	0.18	-0.15	0.47	0.69	0.84		0.8	0.83	006400
005387	0.48	0.46	0.1	-0.17	0.32	0.69	0.76	0.8		0.98	005387
005385	0.59	0.57	-0.01	-0.22	0.31	0.63	0.73	0.83	0.98		005385
	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385

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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

005930	+ 0.99	005935
005385	+ 0.98	005387
051910	+ 0.94	051915
006400	+ 0.84	051910
005385	+ 0.83	006400
005387	+ 0.8	006400

High negative correlations

373220	- 0.47	005935
373220	- 0.43	005930
000660	- 0.3	005935
000660	- 0.27	005930
005385	- 0.22	000660
005387	- 0.17	000660

Risk-Adjusted Indicators

There is a big difference between Top Stock performing well and Top Material 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 Top Material'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	1.58	(0.43)	0.00	16.92	0.00	0.00	2.41	(3.67)	10.03
005930	1.69	(0.56)	0.00	(2.34)	0.00	0.00	3.94	(3.64)	10.64
373220	2.43	0.12	0.00	(5.80)	3.23	(2.55)	5.29	(5.01)	18.27
000660	2.85	(0.30)	0.00	(0.33)	0.00	0.00	6.20	(5.35)	14.85
207940	0.95	0.03	(0.05)	2.41	1.19	(1.61)	2.58	(2.50)	6.96
051915	2.04	(0.05)	0.00	0.23	0.00	0.00	4.35	(4.25)	10.75
051910	1.81	(0.12)	0.00	0.78	0.00	0.00	4.14	(5.12)	14.51
006400	2.49	(0.29)	0.00	0.54	0.00	0.00	5.60	(5.98)	16.72
005387	1.55	(0.08)	0.00	(0.35)	0.00	0.00	3.40	(3.05)	11.26
005385	1.39	(0.07)	0.00	(2.57)	0.00	0.00	3.99	(2.42)	9.37

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