Organic Tea Correlations

900300 Stock

498.00 3.00 0.60%

The current 90-days correlation between Organic Tea Cosmetics and Samsung Electronics Co is 0.01 (i.e., Significant diversification). The correlation of Organic Tea 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.

Organic Tea Correlation With Market

Average diversification

The correlation between Organic Tea Cosmetics and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Organic Tea Cosmetics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Organic Stock

0.78	034950	Korea Ratings	Pair Corr
0.61	003490	Korean Air Lines	Pair Corr
0.76	078160	MEDIPOST	Pair Corr
0.65	041510	SM Entertainment	Pair Corr
0.61	122870	YG Entertainment	Pair Corr
0.65	153460	Nable Communications	Pair Corr
0.88	035900	JYP Entertainment	Pair Corr
0.61	071055	Korea Investment Holdings	Pair Corr
0.8	230240	Hana Financial 7	Pair Corr
0.83	241840	ASTORY CoLtd	Pair Corr
0.72	011390	Busan Industrial	Pair Corr
0.67	065660	AnterogenCoLtd	Pair Corr
0.85	035420	Naver	Pair Corr
0.88	032640	LG Uplus	Pair Corr

Moving against Organic Stock

0.74	053080	Wonbang Tech	Pair Corr
0.72	051915	LG Chem	Pair Corr
0.69	051910	LG Chemicals	Pair Corr
0.63	006400	Samsung SDI	Pair Corr
0.55	005935	Samsung Electronics	Pair Corr
0.54	005930	Samsung Electronics	Pair Corr
0.54	005387	Hyundai Motor	Pair Corr
0.51	373220	LG Energy Solution	Pair Corr
0.49	000660	SK Hynix	Pair Corr
0.48	005385	Hyundai Motor	Pair Corr
0.39	207940	Samsung Biologics	Pair Corr
0.34	034830	Korea Real Estate	Pair Corr
0.55	227100	Design	Pair Corr

Related Correlations Analysis

	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385
005935		0.96	0.42	0.06	0.49	0.81	0.82	0.86	0.91	0.89	005935
005930	0.96		0.42	0.12	0.57	0.79	0.82	0.91	0.9	0.89	005930
373220	0.42	0.42		0.32	0.45	0.7	0.69	0.53	0.47	0.41	373220
000660	0.06	0.12	0.32		0.46	0.35	0.34	0.22	0.07	0.02	000660
207940	0.49	0.57	0.45	0.46		0.59	0.63	0.7	0.53	0.56	207940
051915	0.81	0.79	0.7	0.35	0.59		0.98	0.88	0.86	0.81	051915
051910	0.82	0.82	0.69	0.34	0.63	0.98		0.92	0.88	0.84	051910
006400	0.86	0.91	0.53	0.22	0.7	0.88	0.92		0.91	0.91	006400
005387	0.91	0.9	0.47	0.07	0.53	0.86	0.88	0.91		0.98	005387
005385	0.89	0.89	0.41	0.02	0.56	0.81	0.84	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 Organic Stock performing well and Organic Tea 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 Organic Tea'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	1.62	(0.20)	0.00	1.02	0.00	0.00	2.74	(3.67)	10.84
005930	1.66	(0.20)	0.00	(11.75)	0.00	0.00	3.94	(3.64)	10.64
373220	2.18	(0.12)	0.00	0.33	0.00	0.00	4.09	(3.90)	17.72
000660	2.52	0.18	0.05	1.40	2.89	(2.64)	4.89	(4.63)	14.85
207940	0.86	(0.10)	0.00	10.38	0.00	0.00	2.57	(2.50)	7.43
051915	2.12	(0.38)	0.00	1.13	0.00	0.00	4.35	(4.61)	14.51
051910	1.93	(0.31)	0.00	1.32	0.00	0.00	4.14	(5.40)	15.97
006400	2.44	(0.51)	0.00	0.69	0.00	0.00	4.45	(5.98)	15.04
005387	1.36	(0.20)	0.00	5.27	0.00	0.00	2.58	(2.97)	7.99
005385	1.18	(0.22)	0.00	1.44	0.00	0.00	2.87	(2.23)	7.51

Be your own money manager

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