Doosan Correlations

000150 Stock

196,600 11,900 5.71%

The current 90-days correlation between Doosan and BGF Retail Co is 0.02 (i.e., Significant diversification). The correlation of Doosan 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.

Doosan Correlation With Market

Significant diversification

The correlation between Doosan 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 Doosan and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Doosan Stock

0.94

010130

Korea Zinc

Pair Corr

Moving against Doosan Stock

0.92	011070	LG Innotek	Pair Corr
0.89	097950	CJ Cheiljedang	Pair Corr
0.7	005380	Hyundai Motor	Pair Corr
0.64	004170	Shinsegae	Pair Corr

Related Correlations Analysis

	282330	101170	091590	073490	014530	047040	120240	036800
282330		0.23	-0.23	-0.41	0.17	0.34	0.45	0.42	282330
101170	0.23		0.23	0.5	0.38	0.88	0.78	0.78	101170
091590	-0.23	0.23		0.19	0.29	0.12	0.12	-0.04	091590
073490	-0.41	0.5	0.19		-0.11	0.22	0.06	0.14	073490
014530	0.17	0.38	0.29	-0.11		0.41	0.71	0.55	014530
047040	0.34	0.88	0.12	0.22	0.41		0.81	0.81	047040
120240	0.45	0.78	0.12	0.06	0.71	0.81		0.88	120240
036800	0.42	0.78	-0.04	0.14	0.55	0.81	0.88		036800
	282330	101170	091590	073490	014530	047040	120240	036800

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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

047040	+ 0.88	101170
036800	+ 0.88	120240
120240	+ 0.81	047040
036800	+ 0.81	047040
120240	+ 0.78	101170
036800	+ 0.78	101170

High negative correlations

073490	- 0.41	282330
091590	- 0.23	282330
014530	- 0.11	073490
036800	- 0.04	091590

Risk-Adjusted Indicators

There is a big difference between Doosan Stock performing well and Doosan 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 Doosan'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
282330	1.62	0.00	0.00	0.11	0.00	0.00	2.52	(2.91)	8.81
101170	2.03	(0.13)	0.00	(0.39)	0.00	0.00	5.01	(3.38)	10.13
091590	1.26	0.09	(0.03)	(0.04)	2.72	(1.47)	3.51	(2.06)	28.82
073490	1.73	0.02	(0.06)	0.01	1.89	(2.04)	4.04	(2.95)	11.01
014530	0.67	(0.06)	0.00	0.47	0.00	0.00	1.19	(1.99)	8.21
047040	1.38	(0.13)	0.00	(0.15)	0.00	0.00	3.48	(3.02)	10.51
120240	0.97	(0.29)	0.00	1.00	0.00	0.00	1.65	(2.62)	6.69
036800	0.42	(0.10)	0.00	(0.73)	0.00	0.00	0.80	(0.87)	2.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in Doosan 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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Doosan Corporate Management

Elected by the shareholders, the Doosan's board of directors comprises two types of representatives: Doosan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Doosan. The board's role is to monitor Doosan's management team and ensure that shareholders' interests are well served. Doosan's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Doosan's outside directors are responsible for providing unbiased perspectives on the board's policies.

NakYang Sung	Head VP	Profile
Reginald Bull	Ex Team	Profile
HongSung Moon	Exec Officer	Profile
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SungJin Choi	Head Director	Profile
Min Kim	Ex Director	Profile

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