Insun Environment Correlations

060150 Stock

5,360 90.00 1.65%

The current 90-days correlation between Insun Environment New and Hyunwoo Industrial Co is 0.69 (i.e., Poor diversification). The correlation of Insun Environment 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.

Insun Environment Correlation With Market

Significant diversification

The correlation between Insun Environment New and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Insun Environment New and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Insun Stock

0.81	293780	AptaBio Therapeutics	Pair Corr
0.65	147760	Microfriend	Pair Corr
0.85	302430	Innometry	Pair Corr
0.86	033240	Jahwa Electron	Pair Corr
0.86	053080	Wonbang Tech	Pair Corr

Moving against Insun Stock

0.76	122870	YG Entertainment	Pair Corr
0.74	003535	Hanwha InvestmentSecuri	Pair Corr
0.71	035420	Naver	Pair Corr
0.7	035900	JYP Entertainment	Pair Corr
0.7	041510	SM Entertainment	Pair Corr
0.66	071055	Korea Investment Holdings	Pair Corr
0.62	032640	LG Uplus	Pair Corr
0.6	003490	Korean Air Lines	Pair Corr
0.58	012330	Hyundai Mobis	Pair Corr
0.5	078160	MEDIPOST	Pair Corr
0.5	153460	Nable Communications	Pair Corr
0.46	011390	Busan Industrial	Pair Corr
0.43	205470	Humasis	Pair Corr
0.37	003920	Namyang Dairy	Pair Corr
0.31	065660	AnterogenCoLtd	Pair Corr

Related Correlations Analysis

	009190	120240	008250	147830	109860	092300	090370	060480
009190		0.76	0.44	0.65	0.49	0.7	0.57	0.63	009190
120240	0.76		0.05	0.94	0.85	0.96	0.84	0.94	120240
008250	0.44	0.05		-0.09	-0.3	0.0	-0.25	-0.16	008250
147830	0.65	0.94	-0.09		0.86	0.96	0.89	0.94	147830
109860	0.49	0.85	-0.3	0.86		0.88	0.91	0.94	109860
092300	0.7	0.96	0.0	0.96	0.88		0.89	0.96	092300
090370	0.57	0.84	-0.25	0.89	0.91	0.89		0.94	090370
060480	0.63	0.94	-0.16	0.94	0.94	0.96	0.94		060480
	009190	120240	008250	147830	109860	092300	090370	060480

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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

092300	+ 0.96	120240
092300	+ 0.96	147830
060480	+ 0.96	092300
147830	+ 0.94	120240
060480	+ 0.94	120240
060480	+ 0.94	147830

High negative correlations

109860	- 0.3	008250
090370	- 0.25	008250
060480	- 0.16	008250
147830	- 0.09	008250
092300	- 0.0	008250

Risk-Adjusted Indicators

There is a big difference between Insun Stock performing well and Insun Environment 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 Insun Environment'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
009190	2.16	(0.18)	0.00	(0.57)	0.00	0.00	3.95	(4.33)	14.94
120240	1.19	(0.16)	0.00	0.45	0.00	0.00	1.84	(2.54)	9.40
008250	1.02	0.05	0.02	0.87	1.08	(1.35)	2.40	(1.68)	7.78
147830	2.78	(0.20)	0.00	(1.41)	0.00	0.00	5.88	(5.60)	16.13
109860	0.74	(0.12)	0.00	2.55	0.00	0.00	1.99	(1.47)	6.14
092300	1.71	(0.16)	0.00	5.47	0.00	0.00	3.38	(3.89)	12.17
090370	1.76	(0.31)	0.00	31.68	0.00	0.00	3.35	(5.77)	12.42
060480	1.24	(0.20)	0.00	0.96	0.00	0.00	3.01	(2.97)	8.65

Be your own money manager

Our tools can tell you how much better you can do entering a position in Insun Environment 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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