Sangsangin Investment Correlations

001290 Stock

429.00 1.00 0.23%

The current 90-days correlation between Sangsangin Investment and Seoul Electronics Telecom is 0.36 (i.e., Weak diversification). The correlation of Sangsangin Investment 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.

Sangsangin Investment Correlation With Market

Significant diversification

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

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

Moving together with Sangsangin Stock

0.63	005935	Samsung Electronics	Pair Corr
0.74	051915	LG Chem	Pair Corr
0.78	051910	LG Chemicals	Pair Corr
0.81	006400	Samsung SDI	Pair Corr
0.75	005387	Hyundai Motor	Pair Corr
0.73	005385	Hyundai Motor	Pair Corr

Related Correlations Analysis

	263800	286940	035900	027040	020180	419530	035620
263800		-0.07	0.48	0.3	0.22	0.43	0.21	263800
286940	-0.07		-0.78	0.74	-0.38	-0.1	0.78	286940
035900	0.48	-0.78		-0.51	0.57	0.46	-0.51	035900
027040	0.3	0.74	-0.51		-0.38	0.01	0.63	027040
020180	0.22	-0.38	0.57	-0.38		0.53	-0.25	020180
419530	0.43	-0.1	0.46	0.01	0.53		0.1	419530
035620	0.21	0.78	-0.51	0.63	-0.25	0.1		035620
	263800	286940	035900	027040	020180	419530	035620

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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

035620	+ 0.78	286940
027040	+ 0.74	286940
035620	+ 0.63	027040
020180	+ 0.57	035900
419530	+ 0.53	020180
035900	+ 0.48	263800

High negative correlations

035900	- 0.78	286940
035620	- 0.51	035900
027040	- 0.51	035900
020180	- 0.38	027040
020180	- 0.38	286940
035620	- 0.25	020180

Risk-Adjusted Indicators

There is a big difference between Sangsangin Stock performing well and Sangsangin Investment 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 Sangsangin Investment'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
263800	2.81	0.24	0.04	(3.27)	2.98	(3.23)	5.70	(4.55)	15.80
286940	1.81	(0.20)	0.00	2.82	0.00	0.00	4.34	(5.24)	9.91
035900	2.46	0.60	0.21	3.55	2.10	(3.03)	7.06	(3.29)	17.88
027040	1.57	(0.20)	0.00	0.99	0.00	0.00	2.46	(3.52)	13.22
020180	2.65	0.30	0.07	1.32	2.75	(3.32)	8.06	(3.93)	32.57
419530	2.50	0.22	0.06	0.37	2.86	(2.80)	7.47	(5.33)	17.25
035620	1.87	(0.13)	0.00	(1.29)	0.00	0.00	3.64	(5.31)	14.72

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sangsangin Investment 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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