SAMT Correlations

Stocks . Korea . 
Stock . SAMT Co
031330 Stock  KRW 4,995  240.00  5.05%   
The current 90-days correlation between SAMT and UNISEM Co is 0.34 (i.e., Weak diversification). The correlation of SAMT 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.

SAMT Correlation With Market

Poor diversification

The correlation between SAMT Co and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAMT Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to SAMT could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SAMT 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 SAMT - 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 SAMT Co to buy it.

Moving together with SAMT Stock

  0.72088130 Dong A EltekPairCorr
  0.61006920 MohenzCoLtdPairCorr
  0.86007690 Kukdo ChemicalPairCorr
  0.61063170 Seoul AuctionPairCorr
  0.71138930 BNK Financial GroupPairCorr
  0.78086710 Sunjin Beauty SciencePairCorr
  0.88254490 Mirai SemiconductorsPairCorr
  0.78194480 Devsisters corporationPairCorr
  0.78039610 HS ValvePairCorr
  0.93005935 Samsung ElectronicsPairCorr
  0.63100660 Seoam Machinery IndustryPairCorr
  0.76137950 JC ChemicalPairCorr
  0.68094360 ChipsMediaPairCorr
  0.8125210 AmogreentechPairCorr
  0.79005387 Hyundai MotorPairCorr
  0.66014910 SungMoon ElectronicsPairCorr
  0.85234340 SettlebankPairCorr
  0.65025860 Namhae ChemicalPairCorr
  0.95005930 Samsung ElectronicsPairCorr
  0.96000660 SK HynixPairCorr
  0.8005385 Hyundai MotorPairCorr
  0.88253450 Studio DragonPairCorr
  0.89005380 Hyundai MotorPairCorr

Moving against SAMT Stock

  0.81060570 Dreamus CompanyPairCorr
  0.56088290 Ewon ComfortechPairCorr
  0.46302440 SK BiosciencePairCorr
  0.36000400 Lotte Non LifePairCorr

Related Correlations Analysis


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

265520
+ 0.86
046890
265520
+ 0.77
101160
265520
+ 0.77
039440
265520
+ 0.75
086390
101160
+ 0.73
036200
033640
+ 0.72
101160
  

High negative correlations

061970
- 0.15
039440

Risk-Adjusted Indicators

There is a big difference between SAMT Stock performing well and SAMT 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 SAMT'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.

Be your own money manager

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

Elected by the shareholders, the SAMT's board of directors comprises two types of representatives: SAMT inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAMT. The board's role is to monitor SAMT's management team and ensure that shareholders' interests are well served. SAMT'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, SAMT's outside directors are responsible for providing unbiased perspectives on the board's policies.
Jung RakCoPresProfile
YeonSoo KimEx OfficerProfile
YoonGeun MoonMang DirectorProfile
JinHwan OhDirector DirectorProfile
NamOh ChoDirector DirectorProfile
HeeJun KwonChief DirectorProfile
YoenJong JungEx OfficerProfile
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