Daou Tech Correlations

023590 Stock

18,200 240.00 1.34%

The current 90-days correlation between Daou Tech and Korea New Network is 0.36 (i.e., Weak diversification). The correlation of Daou Tech 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.

Daou Tech Correlation With Market

Good diversification

The correlation between Daou Tech and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daou Tech and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	058400	088130	060570	302440	054180	006920	088290	317530
058400		0.42	0.22	-0.1	-0.38	-0.33	-0.36	0.71	058400
088130	0.42		-0.08	-0.24	-0.72	-0.61	-0.65	0.74	088130
060570	0.22	-0.08		0.56	0.22	0.39	0.37	0.0	060570
302440	-0.1	-0.24	0.56		0.55	0.69	0.73	-0.31	302440
054180	-0.38	-0.72	0.22	0.55		0.84	0.9	-0.77	054180
006920	-0.33	-0.61	0.39	0.69	0.84		0.95	-0.7	006920
088290	-0.36	-0.65	0.37	0.73	0.9	0.95		-0.75	088290
317530	0.71	0.74	0.0	-0.31	-0.77	-0.7	-0.75		317530
	058400	088130	060570	302440	054180	006920	088290	317530

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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

088290	+ 0.95	006920
088290	+ 0.9	054180
006920	+ 0.84	054180
317530	+ 0.74	088130
088290	+ 0.73	302440
317530	+ 0.71	058400

High negative correlations

317530	- 0.77	054180
317530	- 0.75	088290
054180	- 0.72	088130
317530	- 0.7	006920
088290	- 0.65	088130
006920	- 0.61	088130

Risk-Adjusted Indicators

There is a big difference between Daou Stock performing well and Daou Tech 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 Daou Tech'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
058400	1.07	0.10	(0.04)	(0.11)	1.40	(1.37)	3.60	(2.96)	9.85
088130	2.81	0.46	0.10	(3.15)	2.92	(3.89)	4.31	(5.14)	38.94
060570	2.43	(0.02)	0.00	0.14	0.00	0.00	3.54	(5.66)	39.46
302440	1.82	(0.26)	0.00	2.64	0.00	0.00	3.23	(3.79)	12.17
054180	3.65	(0.41)	0.00	(1.19)	0.00	0.00	6.36	(9.58)	40.90
006920	1.29	(0.37)	0.00	1.18	0.00	0.00	2.01	(3.16)	5.92
088290	1.78	(0.57)	0.00	(5.40)	0.00	0.00	2.96	(4.49)	14.21
317530	2.58	0.46	0.08	(0.53)	2.82	(3.01)	7.02	(6.58)	18.08

Be your own money manager

Our tools can tell you how much better you can do entering a position in Daou Tech 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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Daou Tech Corporate Management

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

JinSun Uh	MD Department	Profile
JongCheol Jeong	MD Division	Profile
SungWook Kim	Deputy Division	Profile
YuSeong Kim	Deputy Department	Profile
TaeHong Ha	MD Mang	Profile
DongJoon Kim	MD Mang	Profile

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