Lotte Fine Correlations

004000 Stock

36,650 250.00 0.68%

The current 90-days correlation between Lotte Fine Chemical and Dongkuk Steel Mill is 0.13 (i.e., Average diversification). The correlation of Lotte Fine 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 Lotte Fine could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lotte Fine 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 Lotte Fine - 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 Lotte Fine Chemical to buy it.

Moving together with Lotte Stock

0.65	051910	LG Chemicals	Pair Corr
0.71	005490	POSCO Holdings	Pair Corr
0.75	009830	Hanwha Solutions	Pair Corr
0.77	004020	Hyundai Steel	Pair Corr
0.66	086520	Ecopro	Pair Corr
0.77	001230	Dongkuk Steel Mill	Pair Corr
0.72	006650	Korea Petro Chemical	Pair Corr
0.65	005387	Hyundai Motor	Pair Corr
0.72	005380	Hyundai Motor	Pair Corr
0.73	005385	Hyundai Motor	Pair Corr
0.63	066570	LG Electronics	Pair Corr

Moving against Lotte Stock

0.68	001430	SeAH Bestee	Pair Corr
0.4	105560	KB Financial Group	Pair Corr

Related Correlations Analysis

	051910	005490	011170	004020	001230	006650	003030
051910		0.88	0.73	0.8	0.7	0.77	0.12	051910
005490	0.88		0.64	0.77	0.78	0.75	0.18	005490
011170	0.73	0.64		0.8	0.74	0.83	-0.02	011170
004020	0.8	0.77	0.8		0.93	0.92	-0.14	004020
001230	0.7	0.78	0.74	0.93		0.89	-0.05	001230
006650	0.77	0.75	0.83	0.92	0.89		-0.04	006650
003030	0.12	0.18	-0.02	-0.14	-0.05	-0.04		003030
	051910	005490	011170	004020	001230	006650	003030

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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

001230	+ 0.93	004020
006650	+ 0.92	004020
006650	+ 0.89	001230
005490	+ 0.88	051910
006650	+ 0.83	011170
004020	+ 0.8	051910

High negative correlations

003030	- 0.14	004020
003030	- 0.05	001230
003030	- 0.04	006650
003030	- 0.02	011170

Risk-Adjusted Indicators

There is a big difference between Lotte Stock performing well and Lotte Fine 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 Lotte Fine'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
051910	1.82	0.08	(0.02)	(0.19)	2.22	(2.06)	5.12	(3.78)	14.51
005490	2.14	(0.01)	0.00	0.13	0.00	0.00	4.82	(3.65)	17.75
011170	2.70	(0.21)	0.00	2.27	0.00	0.00	5.83	(8.14)	21.38
004020	1.40	(0.22)	0.00	2.09	0.00	0.00	3.12	(3.69)	12.58
001230	0.67	(0.11)	0.00	1.16	0.00	0.00	1.40	(1.86)	5.60
006650	2.38	(0.17)	0.00	(0.70)	0.00	0.00	5.40	(4.55)	15.91
003030	2.28	0.07	(0.01)	(0.58)	2.80	(2.35)	4.71	(4.40)	14.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lotte Fine 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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Lotte Fine Corporate Management

Elected by the shareholders, the Lotte Fine's board of directors comprises two types of representatives: Lotte Fine inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lotte. The board's role is to monitor Lotte Fine's management team and ensure that shareholders' interests are well served. Lotte Fine's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Lotte Fine's outside directors are responsible for providing unbiased perspectives on the board's policies.

WooHyun Cho	Deputy Department	Profile
JeongSik Shin	Deputy Department	Profile
JaeWoong Jung	Deputy Department	Profile
WonSuh Park	Chief Officer	Profile
SangHo Kang	Deputy Department	Profile

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