System Correlations
| 060540 Stock | KRW 1,499 83.00 5.86% |
The current 90-days correlation between System and Application and Ecoplastic is 0.52 (i.e., Very weak diversification). The correlation of System 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.
System Correlation With Market
Good diversification
The correlation between System and Application and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding System and Application and DJI in the same portfolio, assuming nothing else is changed.
System |
The ability to find closely correlated positions to System could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace System 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 System - 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 System and Application to buy it.
Moving together with System Stock
Related Correlations Analysis
| 0.97 | 0.97 | 0.8 | 0.93 | 0.83 | 0.81 | 281740 | ||
| 0.97 | 1.0 | 0.82 | 0.93 | 0.86 | 0.83 | 360070 | ||
| 0.97 | 1.0 | 0.82 | 0.93 | 0.86 | 0.83 | 360070 | ||
| 0.8 | 0.82 | 0.82 | 0.87 | 0.62 | 0.86 | 286940 | ||
| 0.93 | 0.93 | 0.93 | 0.87 | 0.76 | 0.89 | 038110 | ||
| 0.83 | 0.86 | 0.86 | 0.62 | 0.76 | 0.65 | 078600 | ||
| 0.81 | 0.83 | 0.83 | 0.86 | 0.89 | 0.65 | 178920 | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between System Stock performing well and System 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 System'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 281740 | 2.34 | (0.44) | 0.00 | 0.64 | 0.00 | 3.70 | 21.60 | |||
| 360070 | 2.41 | (0.35) | 0.00 | 0.76 | 0.00 | 5.36 | 15.76 | |||
| 360070 | 2.41 | (0.35) | 0.00 | 0.76 | 0.00 | 5.36 | 15.76 | |||
| 286940 | 2.20 | (0.30) | 0.00 | 3.40 | 0.00 | 4.13 | 23.89 | |||
| 038110 | 1.36 | (0.45) | 0.00 | 1.65 | 0.00 | 2.55 | 8.78 | |||
| 078600 | 2.73 | (0.39) | 0.00 | 0.57 | 0.00 | 6.32 | 19.12 | |||
| 178920 | 2.38 | (0.62) | 0.00 | 8.08 | 0.00 | 3.73 | 23.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in System 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.Did you try this?
Run Funds Screener Now
Funds ScreenerFind actively-traded funds from around the world traded on over 30 global exchanges |
| All Next | Launch Module |
System Corporate Management
Elected by the shareholders, the System's board of directors comprises two types of representatives: System inside directors who are chosen from within the company, and outside directors, selected externally and held independent of System. The board's role is to monitor System's management team and ensure that shareholders' interests are well served. System'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, System's outside directors are responsible for providing unbiased perspectives on the board's policies.