Kyung In Correlations

012610 Stock

2,820 10.00 0.36%

The current 90-days correlation between Kyung In Synthetic and Youngsin Metal Industrial is 0.15 (i.e., Average diversification). The correlation of Kyung In 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.

Kyung In Correlation With Market

Average diversification

The correlation between Kyung In Synthetic Corp and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kyung In Synthetic Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kyung Stock

0.83	293780	AptaBio Therapeutics	Pair Corr
0.63	147760	Microfriend	Pair Corr
0.66	302430	Innometry	Pair Corr
0.74	033240	Jahwa Electron	Pair Corr
0.89	053080	Wonbang Tech	Pair Corr

Related Correlations Analysis

	007530	008250	018470	090080	060480	500007	109860
007530		-0.24	0.66	0.3	0.8	-0.42	0.21	007530
008250	-0.24		-0.11	0.29	-0.05	0.17	0.36	008250
018470	0.66	-0.11		0.47	0.89	-0.66	0.52	018470
090080	0.3	0.29	0.47		0.54	-0.3	0.62	090080
060480	0.8	-0.05	0.89	0.54		-0.55	0.59	060480
500007	-0.42	0.17	-0.66	-0.3	-0.55		-0.26	500007
109860	0.21	0.36	0.52	0.62	0.59	-0.26		109860
	007530	008250	018470	090080	060480	500007	109860

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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

060480	+ 0.89	018470
060480	+ 0.8	007530
018470	+ 0.66	007530
109860	+ 0.62	090080
109860	+ 0.59	060480
060480	+ 0.54	090080

High negative correlations

500007	- 0.66	018470
500007	- 0.55	060480
500007	- 0.42	007530
500007	- 0.3	090080
109860	- 0.26	500007
008250	- 0.24	007530

Risk-Adjusted Indicators

There is a big difference between Kyung Stock performing well and Kyung In 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 Kyung In'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
007530	1.98	(0.30)	0.00	9.07	0.00	0.00	4.79	(4.80)	19.12
008250	1.96	0.26	0.06	(0.54)	2.37	(2.81)	2.93	(4.02)	39.97
018470	1.71	(0.17)	0.00	(0.39)	0.00	0.00	4.54	(3.80)	15.40
090080	2.09	0.49	0.18	(1.03)	1.66	(2.77)	4.34	(3.68)	28.91
060480	1.23	(0.08)	0.00	1.56	0.00	0.00	3.01	(2.97)	8.65
500007	1.44	0.07	0.02	0.20	1.66	(1.70)	3.30	(2.87)	9.04
109860	1.00	0.02	(0.03)	3.18	1.31	(1.30)	2.31	(1.64)	9.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kyung In 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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