Samyoung Electronics Correlations

005680 Stock

10,190 20.00 0.20%

The current 90-days correlation between Samyoung Electronics and HJ ShipBuilding Construction is 0.02 (i.e., Significant diversification). The correlation of Samyoung Electronics 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.

Samyoung Electronics Correlation With Market

Average diversification

The correlation between Samyoung Electronics Co and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samyoung Electronics Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Samyoung Stock

0.64

203650

Dream Security co

Pair Corr

Moving against Samyoung Stock

0.84	302430	Innometry	Pair Corr
0.79	033240	Jahwa Electron	Pair Corr
0.75	215480	Daewoo SBI SPAC	Pair Corr
0.69	293780	AptaBio Therapeutics	Pair Corr
0.58	053080	Wonbang Tech	Pair Corr

Related Correlations Analysis

	097230	099410	277070	030210	041190	091590	100660	900310
097230		-0.01	-0.15	-0.17	0.17	0.38	0.32	-0.45	097230
099410	-0.01		-0.8	-0.86	0.84	-0.08	-0.43	-0.18	099410
277070	-0.15	-0.8		0.89	-0.8	0.05	0.48	0.38	277070
030210	-0.17	-0.86	0.89		-0.9	-0.01	0.45	0.4	030210
041190	0.17	0.84	-0.8	-0.9		0.03	-0.26	-0.44	041190
091590	0.38	-0.08	0.05	-0.01	0.03		0.46	0.13	091590
100660	0.32	-0.43	0.48	0.45	-0.26	0.46		0.14	100660
900310	-0.45	-0.18	0.38	0.4	-0.44	0.13	0.14		900310
	097230	099410	277070	030210	041190	091590	100660	900310

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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

030210	+ 0.89	277070
041190	+ 0.84	099410
100660	+ 0.48	277070
100660	+ 0.46	091590
100660	+ 0.45	030210
900310	+ 0.4	030210

High negative correlations

041190	- 0.9	030210
030210	- 0.86	099410
041190	- 0.8	277070
277070	- 0.8	099410
900310	- 0.45	097230
900310	- 0.44	041190

Risk-Adjusted Indicators

There is a big difference between Samyoung Stock performing well and Samyoung Electronics 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 Samyoung Electronics' 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
097230	2.52	0.51	0.21	0.66	2.00	(3.27)	6.96	(3.78)	14.33
099410	1.92	0.35	0.08	(2.62)	2.13	(2.20)	4.55	(3.72)	13.87
277070	1.72	(0.58)	0.00	(0.85)	0.00	0.00	3.05	(6.09)	16.59
030210	0.84	(0.21)	0.00	4.47	0.00	0.00	1.43	(2.60)	8.74
041190	2.82	0.41	0.09	1.59	3.07	(3.25)	7.31	(6.30)	23.42
091590	1.26	0.09	(0.03)	(0.03)	2.68	(1.51)	3.51	(2.06)	28.82
100660	1.92	(0.08)	0.00	(0.08)	0.00	0.00	3.76	(3.47)	24.59
900310	2.29	(0.08)	0.00	(0.45)	0.00	0.00	4.11	(4.43)	18.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Samyoung Electronics 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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