Sinil Pharmaceutical Correlations

012790 Stock

KRW 6,620 20.00 0.30%

The current 90-days correlation between Sinil Pharmaceutical and Dongil Metal Co is 0.07 (i.e., Significant diversification). The correlation of Sinil Pharmaceutical 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.

Sinil Pharmaceutical Correlation With Market

Good diversification

The correlation between Sinil Pharmaceutical Co and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sinil Pharmaceutical Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sinil Stock

0.88	102940	Kolon Life Science	Pair Corr
0.92	074430	Aminologics CoLtd	Pair Corr
0.91	330350	Withuspharmaceutical	Pair Corr
0.81	072020	Choong Ang Vaccine	Pair Corr
0.94	009300	Sam A Pharm	Pair Corr
0.8	254120	Xavis	Pair Corr
0.82	353190	Hurum	Pair Corr

Related Correlations Analysis

	109860	007530	010240	010280	060480	000890	286940
109860		0.82	0.55	-0.15	0.82	-0.02	0.86	109860
007530	0.82		0.58	-0.37	0.79	-0.39	0.72	007530
010240	0.55	0.58		0.02	0.53	0.08	0.57	010240
010280	-0.15	-0.37	0.02		0.01	0.51	-0.12	010280
060480	0.82	0.79	0.53	0.01		-0.13	0.6	060480
000890	-0.02	-0.39	0.08	0.51	-0.13		0.09	000890
286940	0.86	0.72	0.57	-0.12	0.6	0.09		286940
	109860	007530	010240	010280	060480	000890	286940

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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

286940	+ 0.86	109860
007530	+ 0.82	109860
060480	+ 0.82	109860
060480	+ 0.79	007530
286940	+ 0.72	007530
286940	+ 0.6	060480

High negative correlations

000890	- 0.39	007530
010280	- 0.37	007530
010280	- 0.15	109860
000890	- 0.13	060480
286940	- 0.12	010280
000890	- 0.02	109860

Risk-Adjusted Indicators

There is a big difference between Sinil Stock performing well and Sinil Pharmaceutical 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 Sinil Pharmaceutical'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
109860	0.52	(0.15)	0.00	(3.20)	0.00	0.00	1.04	(1.13)	4.16
007530	1.11	(0.52)	0.00	(17.83)	0.00	0.00	1.58	(3.81)	10.14
010240	0.78	(0.15)	0.00	(0.27)	0.00	0.00	2.13	(1.42)	6.35
010280	0.86	0.06	(0.07)	(0.32)	0.93	(1.03)	1.64	(1.32)	5.21
060480	1.00	(0.21)	0.00	3.85	0.00	0.00	2.21	(2.40)	6.99
000890	1.61	0.09	(0.02)	(0.24)	2.66	(2.38)	2.64	(2.26)	36.66
286940	2.19	(0.31)	0.00	2.95	0.00	0.00	4.13	(5.96)	23.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sinil Pharmaceutical 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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