Sam Yang Correlations

Stocks . Korea . 
Stock . Sam Yang Foods
003230 Stock   725,000  12,000  1.63%   
The current 90-days correlation between Sam Yang Foods and Kbi Metal Co is 0.42 (i.e., Very weak diversification). The correlation of Sam Yang 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.
  
The ability to find closely correlated positions to Sam Yang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sam Yang 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 Sam Yang - 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 Sam Yang Foods to buy it.

Moving against Sam Stock

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Related Correlations Analysis

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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   
004430
+ 0.82
024840
009900
+ 0.73
024840
004430
+ 0.72
170030
024840
+ 0.67
170030
009900
+ 0.64
004430
004430
+ 0.47
009190
  
High negative correlations   
153460
- 0.73
024840
153460
- 0.68
009900
153460
- 0.55
004430
153460
- 0.51
170030
153460
- 0.01
009190

Risk-Adjusted Indicators

There is a big difference between Sam Stock performing well and Sam Yang 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 Sam Yang'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sam Yang 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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