Kg Chemical Correlations

001390 Stock

3,840 15.00 0.39%

The current 90-days correlation between Kg Chemical and DB Financial Investment is 0.27 (i.e., Modest diversification). The correlation of Kg Chemical 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.

Kg Chemical Correlation With Market

Modest diversification

The correlation between Kg Chemical and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kg Chemical and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 001390 Stock

0.74	051910	LG Chemicals	Pair Corr
0.72	005490	POSCO Holdings	Pair Corr
0.72	009830	Hanwha Solutions	Pair Corr
0.61	011170	Lotte Chemical Corp	Pair Corr
0.71	004020	Hyundai Steel	Pair Corr
0.68	086520	Ecopro	Pair Corr
0.67	001230	Dongkuk Steel Mill	Pair Corr
0.72	006650	Korea Petro Chemical	Pair Corr
0.79	005935	Samsung Electronics	Pair Corr
0.83	005930	Samsung Electronics	Pair Corr
0.8	005387	Hyundai Motor	Pair Corr
0.79	005385	Hyundai Motor	Pair Corr
0.79	005380	Hyundai Motor	Pair Corr

Moving against 001390 Stock

0.54

035420

Naver

Pair Corr

Related Correlations Analysis

	016610	139130	086790	003690	049720	025890	001430	138930
016610		-0.17	0.3	-0.64	0.2	0.25	-0.53	-0.1	016610
139130	-0.17		0.02	0.62	0.47	0.28	0.17	0.84	139130
086790	0.3	0.02		-0.33	-0.33	0.36	0.13	-0.23	086790
003690	-0.64	0.62	-0.33		0.2	-0.05	0.28	0.63	003690
049720	0.2	0.47	-0.33	0.2		0.29	-0.33	0.66	049720
025890	0.25	0.28	0.36	-0.05	0.29		-0.02	0.12	025890
001430	-0.53	0.17	0.13	0.28	-0.33	-0.02		-0.15	001430
138930	-0.1	0.84	-0.23	0.63	0.66	0.12	-0.15		138930
	016610	139130	086790	003690	049720	025890	001430	138930

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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

138930	+ 0.84	139130
138930	+ 0.66	049720
138930	+ 0.63	003690
003690	+ 0.62	139130
049720	+ 0.47	139130
025890	+ 0.36	086790

High negative correlations

003690	- 0.64	016610
001430	- 0.53	016610
001430	- 0.33	049720
049720	- 0.33	086790
003690	- 0.33	086790
138930	- 0.23	086790

Risk-Adjusted Indicators

There is a big difference between 001390 Stock performing well and Kg Chemical 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 Kg Chemical'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
016610	1.30	(0.08)	0.00	(0.21)	0.00	0.00	1.87	(3.06)	10.04
139130	1.03	0.04	0.03	0.19	1.45	(1.08)	1.95	(2.26)	8.14
086790	1.60	(0.01)	0.00	(0.03)	0.00	0.00	3.61	(3.69)	11.26
003690	1.20	0.24	0.16	1.49	1.27	(1.38)	2.58	(2.13)	8.68
049720	0.67	0.04	0.05	0.47	0.72	(0.87)	1.96	(1.35)	4.10
025890	1.99	0.05	0.02	0.09	3.06	(2.25)	5.79	(4.87)	39.28
001430	2.30	(0.04)	0.00	(0.77)	0.00	0.00	5.02	(5.20)	28.37
138930	1.51	0.24	0.13	1.58	1.61	(1.81)	3.61	(3.11)	12.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kg Chemical 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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