Daol Investment Correlations

030210 Stock

2,655 10.00 0.38%

The current 90-days correlation between Daol Investment Secu and Samsung Electronics Co is 0.07 (i.e., Significant diversification). The correlation of Daol Investment 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.

Daol Investment Correlation With Market

Good diversification

The correlation between Daol Investment Securities and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daol Investment Securities and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Daol Stock

0.82	005935	Samsung Electronics	Pair Corr
0.82	005930	Samsung Electronics	Pair Corr
0.76	006400	Samsung SDI	Pair Corr
0.62	005387	Hyundai Motor	Pair Corr
0.75	005385	Hyundai Motor	Pair Corr

Moving against Daol Stock

0.37

373220

LG Energy Solution

Pair Corr

Related Correlations Analysis

	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385
005935		0.99	-0.69	-0.13	-0.4	-0.19	-0.04	0.36	0.28	0.43	005935
005930	0.99		-0.67	-0.11	-0.38	-0.19	-0.03	0.37	0.26	0.42	005930
373220	-0.69	-0.67		-0.16	0.54	0.55	0.54	0.21	0.19	0.05	373220
000660	-0.13	-0.11	-0.16		0.18	0.1	-0.02	-0.29	-0.26	-0.29	000660
207940	-0.4	-0.38	0.54	0.18		0.61	0.62	0.46	0.37	0.3	207940
051915	-0.19	-0.19	0.55	0.1	0.61		0.94	0.66	0.69	0.59	051915
051910	-0.04	-0.03	0.54	-0.02	0.62	0.94		0.8	0.75	0.69	051910
006400	0.36	0.37	0.21	-0.29	0.46	0.66	0.8		0.81	0.83	006400
005387	0.28	0.26	0.19	-0.26	0.37	0.69	0.75	0.81		0.97	005387
005385	0.43	0.42	0.05	-0.29	0.3	0.59	0.69	0.83	0.97		005385
	005935	005930	373220	000660	207940	051915	051910	006400	005387	005385

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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

005930	+ 0.99	005935
005385	+ 0.97	005387
051910	+ 0.94	051915
005385	+ 0.83	006400
005387	+ 0.81	006400
006400	+ 0.8	051910

High negative correlations

373220	- 0.69	005935
373220	- 0.67	005930
207940	- 0.4	005935
207940	- 0.38	005930
005385	- 0.29	000660
006400	- 0.29	000660

Risk-Adjusted Indicators

There is a big difference between Daol Stock performing well and Daol Investment 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 Daol Investment'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
005935	1.53	(0.35)	0.00	2.09	0.00	0.00	2.74	(3.67)	8.55
005930	1.65	0.00	0.00	0.00	0.00	0.00	3.94	(3.64)	8.99
373220	2.42	0.42	0.06	(0.38)	2.91	(2.65)	5.64	(3.75)	18.27
000660	2.95	(0.04)	0.00	(0.30)	0.00	0.00	6.48	(5.35)	14.98
207940	0.82	0.00	(0.07)	0.05	1.11	(1.44)	2.51	(2.24)	8.27
051915	1.98	0.14	0.00	(0.64)	2.26	(2.24)	4.35	(4.09)	9.96
051910	1.80	0.06	(0.04)	(0.15)	2.22	(2.02)	5.12	(3.78)	14.51
006400	2.46	(0.19)	0.00	0.65	0.00	0.00	5.63	(5.93)	16.72
005387	1.46	0.12	(0.04)	(0.05)	1.82	(1.51)	3.40	(3.01)	10.97
005385	1.33	0.03	0.00	0.05	0.00	0.00	3.99	(2.42)	9.37

Daol Investment Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Daol Investment stock to make a market-neutral strategy. Peer analysis of Daol Investment could also be used in its relative valuation, which is a method of valuing Daol Investment by comparing valuation metrics with similar companies.

Samsung Electronics Co Samsung Electronics Co LG Energy Solution SK Hynix Samsung Biologics Co LG Chem LG Chemicals Samsung SDI Hyundai Motor Co Hyundai Motor Co American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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