Samjin LND Correlations

054090 Stock

KRW 782.00 31.00 3.81%

The current 90-days correlation between Samjin LND and Hankuk Steel Wire is 0.28 (i.e., Modest diversification). The correlation of Samjin LND 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.

Samjin LND Correlation With Market

Significant diversification

The correlation between Samjin LND Co and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samjin LND Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Samjin Stock

0.95	254120	Xavis	Pair Corr
0.94	353190	Hurum	Pair Corr
0.74	336570	Daishin Balance No8	Pair Corr
0.76	034830	Korea Real Estate	Pair Corr
0.78	030350	Dragonfly GF Split	Pair Corr

Related Correlations Analysis

	032830	025550	023790	023440	026940	005610	039240	142280
032830		-0.2	-0.39	0.64	-0.52	-0.61	0.23	-0.34	032830
025550	-0.2		0.0	-0.4	0.31	0.49	0.69	0.48	025550
023790	-0.39	0.0		-0.22	0.79	0.38	-0.14	0.15	023790
023440	0.64	-0.4	-0.22		-0.41	-0.8	0.02	-0.45	023440
026940	-0.52	0.31	0.79	-0.41		0.71	-0.1	0.5	026940
005610	-0.61	0.49	0.38	-0.8	0.71		-0.08	0.78	005610
039240	0.23	0.69	-0.14	0.02	-0.1	-0.08		-0.01	039240
142280	-0.34	0.48	0.15	-0.45	0.5	0.78	-0.01		142280
	032830	025550	023790	023440	026940	005610	039240	142280

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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

026940	+ 0.79	023790
142280	+ 0.78	005610
005610	+ 0.71	026940
039240	+ 0.69	025550
023440	+ 0.64	032830
142280	+ 0.5	026940

High negative correlations

005610	- 0.8	023440
005610	- 0.61	032830
026940	- 0.52	032830
142280	- 0.45	023440
026940	- 0.41	023440
023440	- 0.4	025550

Risk-Adjusted Indicators

There is a big difference between Samjin Stock performing well and Samjin LND 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 Samjin LND'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
032830	1.67	0.22	0.02	(0.43)	1.94	(1.80)	3.40	(3.60)	15.15
025550	1.01	(0.10)	0.00	(1.81)	0.00	0.00	1.75	(2.19)	7.47
023790	1.03	(0.10)	0.00	(0.11)	0.00	0.00	2.52	(1.99)	7.00
023440	2.74	0.36	0.07	0.85	3.44	(3.75)	10.07	(4.10)	31.25
026940	1.07	(0.18)	0.00	(0.74)	0.00	0.00	1.90	(2.70)	6.60
005610	0.82	(0.22)	0.00	(3.01)	0.00	0.00	1.84	(1.90)	8.59
039240	1.02	0.02	(0.09)	0.01	1.31	(1.06)	2.51	(2.15)	6.94
142280	1.90	(0.57)	0.00	4.25	0.00	0.00	3.79	(5.43)	12.65

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Our tools can tell you how much better you can do entering a position in Samjin LND 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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