Korean Reinsurance Correlations

003690 Stock

7,900 20.00 0.25%

The current 90-days correlation between Korean Reinsurance and Hanjin Transportation Co is 0.06 (i.e., Significant diversification). The correlation of Korean Reinsurance 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.

Korean Reinsurance Correlation With Market

Good diversification

The correlation between Korean Reinsurance Co and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Korean Reinsurance Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Korean Stock

0.84	302430	Innometry	Pair Corr
0.68	293780	AptaBio Therapeutics	Pair Corr
0.66	215480	Daewoo SBI SPAC	Pair Corr
0.63	033240	Jahwa Electron	Pair Corr
0.63	053080	Wonbang Tech	Pair Corr

Related Correlations Analysis

	002320	286940	026890	033830	027040	014570	142280	017670
002320		0.65	0.69	-0.09	0.56	0.63	0.38	-0.12	002320
286940	0.65		0.8	-0.36	0.81	0.89	0.71	-0.55	286940
026890	0.69	0.8		-0.18	0.67	0.8	0.61	-0.46	026890
033830	-0.09	-0.36	-0.18		-0.43	-0.35	-0.17	0.2	033830
027040	0.56	0.81	0.67	-0.43		0.77	0.53	-0.55	027040
014570	0.63	0.89	0.8	-0.35	0.77		0.73	-0.57	014570
142280	0.38	0.71	0.61	-0.17	0.53	0.73		-0.59	142280
017670	-0.12	-0.55	-0.46	0.2	-0.55	-0.57	-0.59		017670
	002320	286940	026890	033830	027040	014570	142280	017670

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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

014570	+ 0.89	286940
027040	+ 0.81	286940
026890	+ 0.8	286940
014570	+ 0.8	026890
014570	+ 0.77	027040
142280	+ 0.73	014570

High negative correlations

017670	- 0.59	142280
017670	- 0.57	014570
017670	- 0.55	027040
017670	- 0.55	286940
017670	- 0.46	026890
027040	- 0.43	033830

Risk-Adjusted Indicators

There is a big difference between Korean Stock performing well and Korean Reinsurance 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 Korean Reinsurance'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
002320	0.94	0.01	(0.10)	0.05	1.23	(1.08)	2.04	(2.71)	7.39
286940	2.15	(0.35)	0.00	3.28	0.00	0.00	4.13	(5.96)	23.89
026890	1.71	(0.01)	0.00	0.15	0.00	0.00	3.09	(4.60)	15.02
033830	1.11	0.14	(0.01)	(0.36)	1.11	(1.47)	2.96	(2.10)	8.34
027040	1.80	(0.01)	0.00	0.13	0.00	0.00	2.42	(3.38)	43.02
014570	1.11	(0.21)	0.00	11.51	0.00	0.00	2.36	(3.02)	10.37
142280	2.06	(0.81)	0.00	(20.12)	0.00	0.00	3.79	(6.08)	12.65
017670	0.90	0.07	(0.01)	0.39	1.03	(1.04)	2.13	(1.78)	5.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in Korean Reinsurance 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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