Total Soft Correlations

045340 Stock

KRW 4,315 45.00 1.03%

The current 90-days correlation between Total Soft Bank and Namhwa Industrial Co is -0.03 (i.e., Good diversification). The correlation of Total Soft 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.

Total Soft Correlation With Market

Significant diversification

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

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

Moving against Total Stock

0.51	039290	InfoBank	Pair Corr
0.35	023760	Han Kook Capital	Pair Corr
0.32	329180	Hyundai Heavy Industries	Pair Corr

Related Correlations Analysis

	35320K	002990	007070	000390	111710	080580	282330	017890
35320K		0.92	0.21	0.15	-0.5	0.51	0.25	0.87	35320K
002990	0.92		0.29	0.12	-0.7	0.52	0.32	0.87	002990
007070	0.21	0.29		-0.22	-0.42	-0.2	0.72	0.05	007070
000390	0.15	0.12	-0.22		-0.04	0.76	0.13	0.31	000390
111710	-0.5	-0.7	-0.42	-0.04		-0.3	-0.47	-0.46	111710
080580	0.51	0.52	-0.2	0.76	-0.3		0.12	0.63	080580
282330	0.25	0.32	0.72	0.13	-0.47	0.12		0.2	282330
017890	0.87	0.87	0.05	0.31	-0.46	0.63	0.2		017890
	35320K	002990	007070	000390	111710	080580	282330	017890

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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

002990	+ 0.92	35320K
017890	+ 0.87	35320K
017890	+ 0.87	002990
080580	+ 0.76	000390
282330	+ 0.72	007070
017890	+ 0.63	080580

High negative correlations

111710	- 0.7	002990
111710	- 0.5	35320K
282330	- 0.47	111710
017890	- 0.46	111710
111710	- 0.42	007070
080580	- 0.3	111710

Risk-Adjusted Indicators

There is a big difference between Total Stock performing well and Total Soft 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 Total Soft'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
35320K	0.86	(0.15)	0.00	(1.72)	0.00	0.00	2.06	(2.23)	6.73
002990	0.99	(0.29)	0.00	(1.69)	0.00	0.00	1.77	(2.05)	9.49
007070	1.43	0.10	0.00	0.63	1.69	(1.61)	4.03	(3.17)	9.17
000390	1.44	(0.11)	0.00	1.18	0.00	0.00	2.71	(3.65)	11.35
111710	0.96	0.11	(0.02)	(1.39)	1.16	(1.13)	2.44	(2.22)	8.36
080580	2.28	(0.24)	0.00	0.45	0.00	0.00	5.41	(4.62)	20.52
282330	1.65	(0.02)	0.00	0.17	0.00	0.00	2.52	(2.91)	8.81
017890	0.86	(0.21)	0.00	(3.69)	0.00	0.00	1.66	(2.51)	10.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Total Soft 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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