DAEA TI Correlations

045390 Stock

KRW 3,260 80.00 2.52%

The current 90-days correlation between DAEA TI and Samsung Electronics Co is 0.31 (i.e., Weak diversification). The correlation of DAEA TI 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.

DAEA TI Correlation With Market

Significant diversification

The correlation between DAEA TI Co and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DAEA TI Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DAEA Stock

0.79	025950	Dongsin Engineering	Pair Corr
0.65	045340	Total Soft Bank	Pair Corr
0.72	215480	Daewoo SBI SPAC	Pair Corr
0.74	050960	SOOSAN INT	Pair Corr

Moving against DAEA Stock

0.54

187870

DeviceENGCOLtd

Pair Corr

Related Correlations Analysis

	005930	005935	000660	011200	000270	005490	034730	034220
005930		0.9	0.16	-0.16	-0.26	0.7	0.59	0.73	005930
005935	0.9		-0.1	-0.24	-0.46	0.75	0.41	0.81	005935
000660	0.16	-0.1		0.12	0.33	0.07	0.69	-0.08	000660
011200	-0.16	-0.24	0.12		0.64	-0.61	-0.2	-0.58	011200
000270	-0.26	-0.46	0.33	0.64		-0.66	-0.04	-0.64	000270
005490	0.7	0.75	0.07	-0.61	-0.66		0.64	0.94	005490
034730	0.59	0.41	0.69	-0.2	-0.04	0.64		0.54	034730
034220	0.73	0.81	-0.08	-0.58	-0.64	0.94	0.54		034220
	005930	005935	000660	011200	000270	005490	034730	034220

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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

034220	+ 0.94	005490
005935	+ 0.9	005930
034220	+ 0.81	005935
005490	+ 0.75	005935
034220	+ 0.73	005930
005490	+ 0.7	005930

High negative correlations

005490	- 0.66	000270
034220	- 0.64	000270
005490	- 0.61	011200
034220	- 0.58	011200
000270	- 0.46	005935
000270	- 0.26	005930

Risk-Adjusted Indicators

There is a big difference between DAEA Stock performing well and DAEA TI 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 DAEA TI'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
005930	1.63	(0.09)	0.00	3.02	0.00	0.00	3.52	(3.51)	10.64
005935	1.55	(0.18)	0.00	(1.06)	0.00	0.00	2.90	(3.25)	10.84
000660	2.41	0.29	0.07	(2.84)	2.62	(2.69)	5.95	(4.52)	14.36
011200	1.83	0.13	0.02	0.75	2.21	(2.24)	4.63	(3.54)	13.75
000270	1.61	0.13	0.03	0.52	1.68	(1.82)	4.03	(2.95)	9.75
005490	1.91	(0.33)	0.00	(41.87)	0.00	0.00	4.23	(4.80)	17.75
034730	1.62	0.01	(0.03)	0.13	1.92	(1.61)	3.55	(2.86)	7.23
034220	1.49	(0.19)	0.00	0.96	0.00	0.00	2.70	(3.27)	8.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in DAEA TI 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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