Kepco Plant Correlations

051600 Stock

46,850 350.00 0.74%

The current 90-days correlation between Kepco Plant S and Korea New Network is 0.13 (i.e., Average diversification). The correlation of Kepco Plant 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.

Kepco Plant Correlation With Market

Average diversification

The correlation between Kepco Plant S and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kepco Plant S and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kepco Stock

0.83	105560	KB Financial Group	Pair Corr
0.68	316140	Woori Financial Group	Pair Corr
0.85	024110	Industrial Bank	Pair Corr
0.78	032830	Samsung Life	Pair Corr

Moving against Kepco Stock

0.65	005930	Samsung Electronics	Pair Corr
0.62	005935	Samsung Electronics	Pair Corr
0.55	005380	Hyundai Motor	Pair Corr

Related Correlations Analysis

	058400	040910	104460	011390	011390	006805	133820	500003	267250	263920
058400		-0.46	-0.55	0.42	0.42	0.0	0.2	-0.37	-0.2	-0.3	058400
040910	-0.46		0.71	-0.56	-0.56	-0.54	-0.3	-0.07	0.4	0.92	040910
104460	-0.55	0.71		-0.48	-0.48	-0.32	-0.12	0.05	0.29	0.56	104460
011390	0.42	-0.56	-0.48		1.0	0.42	0.55	-0.01	-0.16	-0.53	011390
011390	0.42	-0.56	-0.48	1.0		0.42	0.55	-0.01	-0.16	-0.53	011390
006805	0.0	-0.54	-0.32	0.42	0.42		0.46	0.12	-0.14	-0.56	006805
133820	0.2	-0.3	-0.12	0.55	0.55	0.46		-0.23	-0.06	-0.34	133820
500003	-0.37	-0.07	0.05	-0.01	-0.01	0.12	-0.23		-0.12	-0.09	500003
267250	-0.2	0.4	0.29	-0.16	-0.16	-0.14	-0.06	-0.12		0.29	267250
263920	-0.3	0.92	0.56	-0.53	-0.53	-0.56	-0.34	-0.09	0.29		263920
	058400	040910	104460	011390	011390	006805	133820	500003	267250	263920

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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
263920	+ 0.92	040910
104460	+ 0.71	040910
263920	+ 0.56	104460
133820	+ 0.55	011390
133820	+ 0.55	011390

High negative correlations

263920	- 0.56	006805
011390	- 0.56	040910
011390	- 0.56	040910
104460	- 0.55	058400
006805	- 0.54	040910
263920	- 0.53	011390

Risk-Adjusted Indicators

There is a big difference between Kepco Stock performing well and Kepco Plant 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 Kepco Plant'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
058400	1.06	0.05	(0.05)	(0.45)	1.36	(1.45)	3.60	(2.96)	9.85
040910	2.02	(0.48)	0.00	(4.48)	0.00	0.00	3.82	(4.29)	10.22
104460	2.43	(0.24)	0.00	(0.03)	0.00	0.00	5.14	(4.62)	14.18
011390	2.71	0.29	0.07	0.59	3.17	(3.44)	5.62	(4.82)	24.98
011390	2.71	0.29	0.07	0.59	3.17	(3.44)	5.62	(4.82)	24.98
006805	1.29	0.15	0.03	0.70	1.67	(1.46)	1.44	(2.55)	37.44
133820	1.99	0.15	0.05	0.41	2.01	(2.57)	3.59	(2.93)	25.82
500003	1.64	0.04	(0.04)	(0.36)	1.85	(1.84)	4.16	(3.07)	9.46
267250	1.40	(0.08)	0.00	(0.25)	0.00	0.00	2.80	(3.21)	9.29
263920	0.67	(0.17)	0.00	3.10	0.00	0.00	1.17	(1.75)	4.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kepco Plant 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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