SEOHAN Const Correlations

011370 Stock

KRW 778.00 12.00 1.57%

The current 90-days correlation between SEOHAN Const EngcoLtd and Hanyang ENG Co is -0.27 (i.e., Very good diversification). The correlation of SEOHAN Const 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.

SEOHAN Const Correlation With Market

Average diversification

The correlation between SEOHAN Const EngcoLtd and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEOHAN Const EngcoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SEOHAN Stock

0.64	060370	KT Submarine	Pair Corr
0.64	034830	Korea Real Estate	Pair Corr
0.72	053080	Wonbang Tech	Pair Corr

Related Correlations Analysis

	045100	091590	060370	054930	001840	011560	017000	002290
045100		0.24	0.79	0.06	0.56	0.1	0.72	0.57	045100
091590	0.24		0.16	0.34	0.51	0.21	0.16	0.52	091590
060370	0.79	0.16		-0.17	0.43	-0.13	0.77	0.44	060370
054930	0.06	0.34	-0.17		0.67	0.71	-0.11	0.51	054930
001840	0.56	0.51	0.43	0.67		0.52	0.54	0.7	001840
011560	0.1	0.21	-0.13	0.71	0.52		0.04	0.57	011560
017000	0.72	0.16	0.77	-0.11	0.54	0.04		0.39	017000
002290	0.57	0.52	0.44	0.51	0.7	0.57	0.39		002290
	045100	091590	060370	054930	001840	011560	017000	002290

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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

060370	+ 0.79	045100
017000	+ 0.77	060370
017000	+ 0.72	045100
011560	+ 0.71	054930
002290	+ 0.7	001840
001840	+ 0.67	054930

High negative correlations

054930	- 0.17	060370
011560	- 0.13	060370
017000	- 0.11	054930

Risk-Adjusted Indicators

There is a big difference between SEOHAN Stock performing well and SEOHAN Const 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 SEOHAN Const'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
045100	1.37	(0.09)	0.00	1.88	0.00	0.00	2.81	(2.06)	8.73
091590	1.14	0.06	(0.03)	0.00	2.66	(1.31)	3.12	(1.73)	28.82
060370	2.02	(0.77)	0.00	(9.44)	0.00	0.00	4.61	(4.15)	11.87
054930	1.84	(0.18)	0.00	(0.17)	0.00	0.00	3.35	(3.37)	12.60
001840	3.71	(0.15)	0.00	0.30	0.00	0.00	8.77	(8.53)	48.44
011560	1.25	0.02	(0.04)	(0.22)	1.47	(1.49)	2.55	(2.45)	7.18
017000	3.30	(0.05)	0.00	0.13	0.00	0.00	9.86	(5.53)	21.77
002290	0.65	0.00	(0.08)	(0.06)	0.90	(0.76)	1.60	(1.48)	3.71

Be your own money manager

Our tools can tell you how much better you can do entering a position in SEOHAN Const 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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