SMCoreInc Correlations

007820 Stock

KRW 4,000 100.00 2.56%

The current 90-days correlation between SMCoreInc and SCI Information Service is 0.12 (i.e., Average diversification). The correlation of SMCoreInc 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.

SMCoreInc Correlation With Market

Average diversification

The correlation between SMCoreInc and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SMCoreInc and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	036120	248170	003230	004410	900120	033050	011150	032830
036120		0.02	0.78	0.08	-0.33	-0.39	0.54	-0.56	036120
248170	0.02		-0.44	0.74	0.88	0.78	0.3	0.52	248170
003230	0.78	-0.44		-0.26	-0.73	-0.77	0.32	-0.66	003230
004410	0.08	0.74	-0.26		0.58	0.57	0.22	0.38	004410
900120	-0.33	0.88	-0.73	0.58		0.91	0.05	0.65	900120
033050	-0.39	0.78	-0.77	0.57	0.91		0.09	0.5	033050
011150	0.54	0.3	0.32	0.22	0.05	0.09		-0.26	011150
032830	-0.56	0.52	-0.66	0.38	0.65	0.5	-0.26		032830
	036120	248170	003230	004410	900120	033050	011150	032830

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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

033050	+ 0.91	900120
900120	+ 0.88	248170
003230	+ 0.78	036120
033050	+ 0.78	248170
004410	+ 0.74	248170
032830	+ 0.65	900120

High negative correlations

033050	- 0.77	003230
900120	- 0.73	003230
032830	- 0.66	003230
032830	- 0.56	036120
003230	- 0.44	248170
033050	- 0.39	036120

Risk-Adjusted Indicators

There is a big difference between SMCoreInc Stock performing well and SMCoreInc 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 SMCoreInc'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
036120	1.53	0.00	(0.04)	0.08	1.93	(1.82)	4.13	(2.57)	10.11
248170	1.55	(0.31)	0.00	(27.40)	0.00	0.00	3.78	(5.17)	12.95
003230	2.37	0.50	0.22	0.67	1.81	(3.25)	6.36	(3.77)	17.57
004410	0.96	(0.10)	0.00	0.89	0.00	0.00	2.07	(2.61)	8.81
900120	1.80	(0.39)	0.00	(5.79)	0.00	0.00	4.69	(3.85)	11.87
033050	1.59	(0.19)	0.00	1.17	0.00	0.00	3.42	(3.89)	14.65
011150	1.82	(0.05)	0.00	(0.89)	0.00	0.00	4.28	(3.33)	18.61
032830	1.82	(0.41)	0.00	(1.57)	0.00	0.00	4.21	(4.40)	16.38

Be your own money manager

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

Elected by the shareholders, the SMCoreInc's board of directors comprises two types of representatives: SMCoreInc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SMCoreInc. The board's role is to monitor SMCoreInc's management team and ensure that shareholders' interests are well served. SMCoreInc'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, SMCoreInc's outside directors are responsible for providing unbiased perspectives on the board's policies.

Heon Han	Non-Executive Independent Director	Profile
WonGyu Lim	Head Director	Profile
JinTae Kim	Managing Director	Profile
Jin Kim	Managing Director	Profile
JeongMan Lee	Head Director	Profile
SooCheol Jang	Managing Director	Profile
KyuEung Jungk	Managing Director	Profile

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