Sambo Corrugated Correlations

023600 Stock

KRW 8,310 180.00 2.21%

The current 90-days correlation between Sambo Corrugated Board and Value Added Technology is 0.34 (i.e., Weak diversification). The correlation of Sambo Corrugated 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.

Sambo Corrugated Correlation With Market

Modest diversification

The correlation between Sambo Corrugated Board and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sambo Corrugated Board and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sambo Stock

0.92	051910	LG Chemicals	Pair Corr
0.93	005490	POSCO Holdings	Pair Corr
0.87	009830	Hanwha Solutions	Pair Corr
0.86	011170	Lotte Chemical Corp	Pair Corr
0.88	004020	Hyundai Steel	Pair Corr
0.76	086520	Ecopro Co	Pair Corr
0.93	001230	Dongkuk Steel Mill	Pair Corr
0.91	006650	Korea Petro Chemical	Pair Corr

Moving against Sambo Stock

0.33

001430

SeAH Bestee

Pair Corr

Related Correlations Analysis

	011150	368970	044960	004410	101530	043150	085670	900120
011150		0.88	0.61	0.93	0.13	0.93	0.59	0.82	011150
368970	0.88		0.66	0.85	0.1	0.9	0.69	0.86	368970
044960	0.61	0.66		0.52	0.48	0.69	0.68	0.72	044960
004410	0.93	0.85	0.52		0.0	0.86	0.51	0.8	004410
101530	0.13	0.1	0.48	0.0		0.12	0.28	0.07	101530
043150	0.93	0.9	0.69	0.86	0.12		0.7	0.88	043150
085670	0.59	0.69	0.68	0.51	0.28	0.7		0.8	085670
900120	0.82	0.86	0.72	0.8	0.07	0.88	0.8		900120
	011150	368970	044960	004410	101530	043150	085670	900120

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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

004410	+ 0.93	011150
043150	+ 0.93	011150
043150	+ 0.9	368970
368970	+ 0.88	011150
900120	+ 0.88	043150
900120	+ 0.86	368970

High negative correlations

101530

- 0.0

004410

Risk-Adjusted Indicators

There is a big difference between Sambo Stock performing well and Sambo Corrugated 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 Sambo Corrugated'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
011150	1.63	(0.34)	0.00	(1.77)	0.00	0.00	3.88	(3.46)	8.52
368970	1.60	(0.43)	0.00	(7.78)	0.00	0.00	2.15	(3.32)	15.97
044960	1.28	(0.22)	0.00	(1.02)	0.00	0.00	2.66	(3.12)	10.52
004410	0.91	(0.22)	0.00	(2.18)	0.00	0.00	1.36	(1.96)	8.81
101530	1.63	0.06	(0.05)	(0.01)	1.95	(1.87)	4.05	(3.26)	9.25
043150	1.26	(0.28)	0.00	13.05	0.00	0.00	2.38	(3.20)	9.57
085670	2.88	(0.21)	0.00	(1.32)	0.00	0.00	6.07	(4.67)	30.90
900120	2.37	(0.42)	0.00	(7.54)	0.00	0.00	4.82	(4.60)	18.05

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sambo Corrugated 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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