Sebo Manufacturing Correlations
| 011560 Stock | KRW 10,950 230.00 2.15% |
The current 90-days correlation between Sebo Manufacturing and Samsung Electronics Co is 0.5 (i.e., Very weak diversification). The correlation of Sebo Manufacturing 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.
Sebo Manufacturing Correlation With Market
Good diversification
The correlation between Sebo Manufacturing Engineering and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sebo Manufacturing Engineering and DJI in the same portfolio, assuming nothing else is changed.
Sebo |
The ability to find closely correlated positions to Sebo Manufacturing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sebo Manufacturing 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 Sebo Manufacturing - 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 Sebo Manufacturing Engineering to buy it.
Moving together with Sebo Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sebo Stock performing well and Sebo Manufacturing 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 Sebo Manufacturing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 005935 | 1.56 | (0.29) | 0.00 | 1.59 | 0.00 | 2.74 | 8.55 | |||
| 005930 | 1.68 | (0.43) | 0.00 | 20.42 | 0.00 | 3.94 | 8.99 | |||
| 005387 | 1.49 | 0.07 | (0.05) | (0.01) | 1.82 | 3.40 | 10.97 | |||
| 005380 | 1.80 | (0.11) | 0.00 | 0.35 | 0.00 | 3.80 | 11.00 | |||
| 005385 | 1.36 | (0.01) | 0.00 | 0.12 | 0.00 | 3.99 | 9.37 | |||
| 105560 | 1.99 | 0.24 | 0.06 | 1.75 | 2.19 | 4.74 | 13.12 | |||
| 005490 | 2.14 | (0.01) | 0.00 | 0.13 | 0.00 | 4.82 | 17.75 | |||
| 066570 | 1.43 | (0.02) | 0.00 | 0.69 | 0.00 | 2.82 | 11.85 | |||
| 000270 | 1.60 | (0.04) | 0.00 | 0.28 | 0.00 | 3.02 | 8.19 |
Be your own money manager
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