SAMYOUNG M Correlations

054540 Stock

KRW 4,285 180.00 4.03%

The current 90-days correlation between SAMYOUNG M Tek and LG Display is 0.29 (i.e., Modest diversification). The correlation of SAMYOUNG M 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.

SAMYOUNG M Correlation With Market

Weak diversification

The correlation between SAMYOUNG M Tek Co and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAMYOUNG M Tek Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against SAMYOUNG Stock

0.34

147760

Microfriend

Pair Corr

Related Correlations Analysis

	034220	005380	005385	005387	089970	000270	066570	015760	051910
034220		0.79	0.75	0.7	0.8	0.75	0.72	-0.53	0.56	034220
005380	0.79		0.94	0.9	0.65	0.79	0.75	-0.66	0.72	005380
005385	0.75	0.94		0.98	0.62	0.79	0.8	-0.66	0.73	005385
005387	0.7	0.9	0.98		0.53	0.74	0.77	-0.65	0.76	005387
089970	0.8	0.65	0.62	0.53		0.66	0.61	-0.61	0.55	089970
000270	0.75	0.79	0.79	0.74	0.66		0.74	-0.46	0.46	000270
066570	0.72	0.75	0.8	0.77	0.61	0.74		-0.64	0.6	066570
015760	-0.53	-0.66	-0.66	-0.65	-0.61	-0.46	-0.64		-0.78	015760
051910	0.56	0.72	0.73	0.76	0.55	0.46	0.6	-0.78		051910
	034220	005380	005385	005387	089970	000270	066570	015760	051910

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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

005387	+ 0.98	005385
005385	+ 0.94	005380
005387	+ 0.9	005380
089970	+ 0.8	034220
066570	+ 0.8	005385
005380	+ 0.79	034220

High negative correlations

051910	- 0.78	015760
015760	- 0.66	005385
015760	- 0.66	005380
015760	- 0.65	005387
015760	- 0.64	066570
015760	- 0.61	089970

Risk-Adjusted Indicators

There is a big difference between SAMYOUNG Stock performing well and SAMYOUNG M 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 SAMYOUNG M'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
034220	1.71	(0.28)	0.00	(0.65)	0.00	0.00	3.70	(3.57)	12.09
005380	1.73	(0.19)	0.00	(0.76)	0.00	0.00	3.80	(3.95)	9.83
005385	1.39	(0.07)	0.00	(2.57)	0.00	0.00	3.99	(2.42)	9.37
005387	1.55	(0.08)	0.00	(0.35)	0.00	0.00	3.40	(3.05)	11.26
089970	2.29	(0.77)	0.00	(3.18)	0.00	0.00	3.85	(5.33)	14.25
000270	1.59	(0.14)	0.00	35.24	0.00	0.00	3.01	(3.08)	8.65
066570	1.49	(0.15)	0.00	(0.58)	0.00	0.00	2.82	(3.17)	11.85
015760	1.46	0.22	0.04	(1.96)	1.81	(1.87)	4.05	(2.47)	12.67
051910	1.81	(0.12)	0.00	0.78	0.00	0.00	4.14	(5.12)	14.51

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Our tools can tell you how much better you can do entering a position in SAMYOUNG M 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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SAMYOUNG M Corporate Management

Elected by the shareholders, the SAMYOUNG M's board of directors comprises two types of representatives: SAMYOUNG M inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SAMYOUNG. The board's role is to monitor SAMYOUNG M's management team and ensure that shareholders' interests are well served. SAMYOUNG M's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SAMYOUNG M's outside directors are responsible for providing unbiased perspectives on the board's policies.

ByungSeok Lee	Ex Officer	Profile
GwangJoong Kim	Ex Officer	Profile
ShinWan Kang	Managing Director	Profile
YoonDong Park	Ex Officer	Profile
SungWon Kim	Ex Officer	Profile
IlHyun Bae	Ex Officer	Profile
DongHak Jang	Ex Officer	Profile

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