AnterogenCoLtd Correlations

065660 Stock

KRW 15,770 220.00 1.38%

The current 90-days correlation between AnterogenCoLtd and Aminologics CoLtd is 0.3 (i.e., Weak diversification). The correlation of AnterogenCoLtd 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.

AnterogenCoLtd Correlation With Market

Average diversification

The correlation between AnterogenCoLtd and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AnterogenCoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against AnterogenCoLtd Stock

0.51	030350	Dragonfly GF Split	Pair Corr
0.48	336570	Daishin Balance No8	Pair Corr
0.39	047920	HLB Pharmaceutical	Pair Corr

Related Correlations Analysis

	102940	216080	074430	023910	047920	330350	072020	065660	106190
102940		-0.36	0.83	0.74	0.52	0.95	0.69	0.28	0.34	102940
216080	-0.36		-0.08	-0.59	-0.79	-0.33	0.25	0.55	0.24	216080
074430	0.83	-0.08		0.57	0.38	0.85	0.87	0.32	0.1	074430
023910	0.74	-0.59	0.57		0.8	0.79	0.37	0.04	-0.03	023910
047920	0.52	-0.79	0.38	0.8		0.6	0.05	-0.39	-0.35	047920
330350	0.95	-0.33	0.85	0.79	0.6		0.7	0.24	0.25	330350
072020	0.69	0.25	0.87	0.37	0.05	0.7		0.59	0.29	072020
065660	0.28	0.55	0.32	0.04	-0.39	0.24	0.59		0.46	065660
106190	0.34	0.24	0.1	-0.03	-0.35	0.25	0.29	0.46		106190
	102940	216080	074430	023910	047920	330350	072020	065660	106190

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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

330350	+ 0.95	102940
072020	+ 0.87	074430
330350	+ 0.85	074430
074430	+ 0.83	102940
047920	+ 0.8	023910
330350	+ 0.79	023910

High negative correlations

047920	- 0.79	216080
023910	- 0.59	216080
065660	- 0.39	047920
216080	- 0.36	102940
106190	- 0.35	047920
330350	- 0.33	216080

Risk-Adjusted Indicators

There is a big difference between AnterogenCoLtd Stock performing well and AnterogenCoLtd 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 AnterogenCoLtd'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
102940	1.42	(0.32)	0.00	2.57	0.00	0.00	3.11	(3.10)	8.97
216080	2.15	0.28	0.07	(0.65)	1.94	(2.78)	5.04	(3.46)	17.39
074430	1.46	(0.29)	0.00	0.79	0.00	0.00	2.76	(3.97)	13.89
023910	0.66	(0.03)	0.00	0.58	0.00	0.00	1.37	(1.52)	4.88
047920	2.65	(0.19)	0.00	0.37	0.00	0.00	4.87	(4.48)	33.52
330350	1.53	(0.29)	0.00	(10.88)	0.00	0.00	3.33	(3.93)	9.83
072020	0.85	(0.06)	0.00	0.34	0.00	0.00	2.01	(1.84)	5.85
065660	1.58	0.11	0.02	0.41	2.02	(1.60)	3.93	(3.15)	11.37
106190	1.87	(0.07)	0.00	0.34	0.00	0.00	4.35	(4.75)	11.21

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