Sejong Industrial Correlations

033530 Stock

4,215 25.00 0.60%

The current 90-days correlation between Sejong Industrial and UNISEM Co is 0.36 (i.e., Weak diversification). The correlation of Sejong Industrial 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.

Sejong Industrial Correlation With Market

Good diversification

The correlation between Sejong Industrial and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sejong Industrial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sejong Stock

0.82	005935	Samsung Electronics	Pair Corr
0.83	005930	Samsung Electronics	Pair Corr
0.76	006400	Samsung SDI	Pair Corr
0.64	005387	Hyundai Motor	Pair Corr
0.76	005385	Hyundai Motor	Pair Corr

Moving against Sejong Stock

0.34

373220

LG Energy Solution

Pair Corr

Related Correlations Analysis

	011390	011390	006805	036200	133820	133820	267250	012450	012450	266370
011390		1.0	0.41	-0.32	0.45	0.45	-0.28	0.62	0.68	-0.42	011390
011390	1.0		0.41	-0.32	0.45	0.45	-0.28	0.62	0.68	-0.42	011390
006805	0.41	0.41		-0.58	0.37	0.37	-0.2	0.45	0.46	-0.62	006805
036200	-0.32	-0.32	-0.58		-0.1	-0.1	0.39	-0.55	-0.5	0.89	036200
133820	0.45	0.45	0.37	-0.1		1.0	-0.08	0.25	0.32	-0.21	133820
133820	0.45	0.45	0.37	-0.1	1.0		-0.08	0.25	0.32	-0.21	133820
267250	-0.28	-0.28	-0.2	0.39	-0.08	-0.08		-0.41	-0.34	0.5	267250
012450	0.62	0.62	0.45	-0.55	0.25	0.25	-0.41		0.91	-0.71	012450
012450	0.68	0.68	0.46	-0.5	0.32	0.32	-0.34	0.91		-0.67	012450
266370	-0.42	-0.42	-0.62	0.89	-0.21	-0.21	0.5	-0.71	-0.67		266370
	011390	011390	006805	036200	133820	133820	267250	012450	012450	266370

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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

011390	+ 1.0	011390
133820	+ 1.0	133820
012450	+ 0.91	012450
266370	+ 0.89	036200
012450	+ 0.68	011390
012450	+ 0.68	011390

High negative correlations

266370	- 0.71	012450
266370	- 0.67	012450
266370	- 0.62	006805
036200	- 0.58	006805
012450	- 0.55	036200
012450	- 0.5	036200

Risk-Adjusted Indicators

There is a big difference between Sejong Stock performing well and Sejong Industrial 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 Sejong Industrial'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
011390	2.02	(0.05)	(0.02)	0.07	2.36	(2.47)	4.70	(4.61)	24.98
011390	2.02	(0.05)	(0.02)	0.07	2.36	(2.47)	4.70	(4.61)	24.98
006805	1.26	0.19	0.02	(0.48)	1.67	(1.41)	1.43	(2.55)	37.44
036200	2.38	(0.40)	0.00	4.77	0.00	0.00	6.07	(4.11)	16.12
133820	1.86	0.12	0.02	0.45	1.92	(2.37)	3.56	(2.87)	25.82
133820	1.86	0.12	0.02	0.45	1.92	(2.37)	3.56	(2.87)	25.82
267250	1.38	(0.02)	0.00	(0.21)	0.00	0.00	2.80	(3.21)	9.29
012450	2.45	0.28	0.06	0.48	2.81	(3.75)	7.04	(4.17)	23.30
012450	2.86	0.22	0.07	0.34	3.24	(3.30)	6.45	(6.18)	17.62
266370	1.43	(0.29)	0.00	1.60	0.00	0.00	2.94	(3.02)	8.80

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sejong Industrial 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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