LB Semicon Correlations

061970 Stock

KRW 4,500 400.00 8.16%

The current 90-days correlation between LB Semicon and Tokai Carbon Korea is 0.48 (i.e., Very weak diversification). The correlation of LB Semicon 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.

LB Semicon Correlation With Market

Very good diversification

The correlation between LB Semicon and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LB Semicon and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 061970 Stock

0.71	084850	ITM Semiconductor	Pair Corr
0.7	082270	GemVaxKAEL CoLtd	Pair Corr

Moving against 061970 Stock

0.47	066670	Display Tech	Pair Corr
0.39	099440	Smec CoLtd	Pair Corr
0.32	014910	SungMoon Electronics	Pair Corr
0.53	437730	Samhyun	Pair Corr
0.52	357550	Sukgyung AT	Pair Corr
0.5	100660	Seoam Machinery Industry	Pair Corr
0.45	014440	Youngbo Chemical	Pair Corr
0.39	078890	Kaonmedia	Pair Corr
0.38	041510	SM Entertainment	Pair Corr
0.33	014915	Sungmoon Electronics	Pair Corr

Related Correlations Analysis

	000660	064760	137400	222800	195870	084850	082270	101490
000660		0.9	0.66	0.13	0.66	-0.45	0.26	0.92	000660
064760	0.9		0.87	0.41	0.81	-0.12	0.56	0.97	064760
137400	0.66	0.87		0.63	0.83	0.2	0.72	0.85	137400
222800	0.13	0.41	0.63		0.64	0.52	0.66	0.37	222800
195870	0.66	0.81	0.83	0.64		0.08	0.59	0.79	195870
084850	-0.45	-0.12	0.2	0.52	0.08		0.6	-0.21	084850
082270	0.26	0.56	0.72	0.66	0.59	0.6		0.48	082270
101490	0.92	0.97	0.85	0.37	0.79	-0.21	0.48		101490
	000660	064760	137400	222800	195870	084850	082270	101490

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

101490	+ 0.97	064760
101490	+ 0.92	000660
064760	+ 0.9	000660
137400	+ 0.87	064760
101490	+ 0.85	137400
195870	+ 0.83	137400

High negative correlations

084850	- 0.45	000660
101490	- 0.21	084850
084850	- 0.12	064760

Risk-Adjusted Indicators

There is a big difference between 061970 Stock performing well and LB Semicon 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 LB Semicon'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
000660	2.86	0.58	0.14	1.86	3.49	(3.14)	6.84	(6.44)	17.39
064760	3.38	0.38	0.07	10.26	4.21	(3.46)	7.00	(6.53)	27.03
137400	3.00	0.47	0.12	(0.39)	2.75	(3.70)	7.75	(5.29)	18.27
222800	3.63	0.06	0.00	6.61	4.15	(4.07)	8.58	(6.87)	21.58
195870	3.55	0.17	0.03	(0.95)	4.05	(3.72)	7.31	(6.15)	26.84
084850	1.52	(0.24)	0.00	7.41	0.00	0.00	3.33	(3.99)	16.22
082270	4.19	0.22	0.04	18.94	4.64	(4.55)	13.09	(6.50)	39.60
101490	4.19	0.89	0.22	(1.51)	3.15	(5.34)	12.71	(5.83)	32.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in LB Semicon 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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