Hyundai Elevator Correlations

017800 Stock

52,900 900.00 1.67%

The current 90-days correlation between Hyundai Elevator and Namhae Chemical is 0.07 (i.e., Significant diversification). The correlation of Hyundai Elevator 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.

Hyundai Elevator Correlation With Market

Average diversification

The correlation between Hyundai Elevator 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 Hyundai Elevator and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Hyundai Stock

0.78

010130

Korea Zinc

Pair Corr

Moving against Hyundai Stock

0.84	004170	Shinsegae	Pair Corr
0.8	011070	LG Innotek	Pair Corr
0.72	097950	CJ Cheiljedang	Pair Corr
0.71	005380	Hyundai Motor	Pair Corr

Related Correlations Analysis

	025860	198940	051910	014440	018500	137950	008730
025860		0.78	0.51	-0.02	0.72	0.82	-0.04	025860
198940	0.78		0.67	-0.35	0.8	0.83	-0.16	198940
051910	0.51	0.67		-0.36	0.37	0.47	-0.03	051910
014440	-0.02	-0.35	-0.36		-0.11	-0.17	-0.15	014440
018500	0.72	0.8	0.37	-0.11		0.9	-0.5	018500
137950	0.82	0.83	0.47	-0.17	0.9		-0.25	137950
008730	-0.04	-0.16	-0.03	-0.15	-0.5	-0.25		008730
	025860	198940	051910	014440	018500	137950	008730

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

137950	+ 0.9	018500
137950	+ 0.83	198940
137950	+ 0.82	025860
018500	+ 0.8	198940
198940	+ 0.78	025860
018500	+ 0.72	025860

High negative correlations

008730	- 0.5	018500
014440	- 0.36	051910
014440	- 0.35	198940
008730	- 0.25	137950
137950	- 0.17	014440
008730	- 0.16	198940

Risk-Adjusted Indicators

There is a big difference between Hyundai Stock performing well and Hyundai Elevator 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 Hyundai Elevator'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
025860	0.76	(0.06)	0.00	0.59	0.00	0.00	1.39	(1.53)	6.27
198940	1.80	(0.24)	0.00	0.66	0.00	0.00	3.03	(3.65)	18.71
051910	1.83	0.08	(0.02)	(0.81)	2.25	(2.03)	5.12	(3.78)	14.51
014440	0.57	(0.01)	0.00	0.19	0.00	0.00	1.04	(1.18)	3.69
018500	1.06	(0.46)	0.00	(93.89)	0.00	0.00	2.08	(3.49)	9.66
137950	1.82	(0.35)	0.00	2.92	0.00	0.00	4.26	(5.19)	17.62
008730	2.62	0.00	(0.02)	0.11	3.12	(2.85)	4.72	(4.91)	19.97

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hyundai Elevator 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.

Did you try this?

Run Cryptocurrency Center Now

Cryptocurrency Center

Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency

All Next

Launch Module

Hyundai Elevator Corporate Management

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

JongGap Park	MD Corp	Profile
Ki Park	MD Division	Profile
Jae Cho	Chief Officer	Profile
KiSeon Kwon	Head Division	Profile
KiJu Song	MD CSO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC