Sam Yang Correlations

003230 Stock

532,000 20,000 3.91%

The current 90-days correlation between Sam Yang Foods and LG Chemicals is 0.12 (i.e., Average 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.

Sam Yang Correlation With Market

Good diversification

The correlation between Sam Yang Foods and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sam Yang Foods and DJI in the same portfolio, assuming nothing else is changed.

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

0.43	000270	Kia Corp	Pair Corr
0.34	089970	Adaptive Plasma Tech	Pair Corr
0.33	066570	LG Electronics	Pair Corr
0.32	005385	Hyundai Motor	Pair Corr
0.32	005387	Hyundai Motor	Pair Corr
0.31	034220	LG Display	Pair Corr
0.31	005380	Hyundai Motor	Pair Corr

Related Correlations Analysis

	051910	112290	012610	014530	068050	134580	008730	089600
051910		0.84	0.67	0.83	0.81	0.69	0.01	0.71	051910
112290	0.84		0.55	0.75	0.87	0.64	0.11	0.64	112290
012610	0.67	0.55		0.61	0.39	0.84	-0.39	0.88	012610
014530	0.83	0.75	0.61		0.71	0.59	0.01	0.68	014530
068050	0.81	0.87	0.39	0.71		0.5	0.25	0.49	068050
134580	0.69	0.64	0.84	0.59	0.5		-0.38	0.85	134580
008730	0.01	0.11	-0.39	0.01	0.25	-0.38		-0.16	008730
089600	0.71	0.64	0.88	0.68	0.49	0.85	-0.16		089600
	051910	112290	012610	014530	068050	134580	008730	089600

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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

089600	+ 0.88	012610
068050	+ 0.87	112290
089600	+ 0.85	134580
112290	+ 0.84	051910
134580	+ 0.84	012610
014530	+ 0.83	051910

High negative correlations

008730	- 0.39	012610
008730	- 0.38	134580
089600	- 0.16	008730

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.

	Mean Deviation	Jensen Alpha	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
051910	1.76	(0.06)	0.55	0.00	0.00	4.14	(3.78)	14.51
112290	3.42	(0.36)	(0.37)	0.00	0.00	6.64	(6.07)	28.07
012610	1.04	(0.28)	(9.88)	0.00	0.00	1.88	(2.77)	7.43
014530	0.71	(0.06)	0.51	0.00	0.00	1.20	(2.24)	8.21
068050	1.00	(0.01)	0.16	0.00	0.00	2.50	(1.79)	6.06
134580	1.98	(0.51)	(1.43)	0.00	0.00	3.18	(4.95)	18.93
008730	2.74	0.08	0.32	3.29	(2.92)	6.99	(5.01)	19.97
089600	0.98	(0.21)	1.44	0.00	0.00	1.89	(2.72)	7.44

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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