AfreecaTV Correlations

067160 Stock

KRW 96,600 200.00 0.21%

The current 90-days correlation between AfreecaTV and UNISEM Co is 0.22 (i.e., Modest diversification). The correlation of AfreecaTV 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.

AfreecaTV Correlation With Market

Very good diversification

The correlation between AfreecaTV Co and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AfreecaTV Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AfreecaTV Stock

0.73	005930	Samsung Electronics	Pair Corr
0.73	005935	Samsung Electronics	Pair Corr

Moving against AfreecaTV Stock

0.7	105560	KB Financial Group	Pair Corr
0.6	024110	Industrial Bank	Pair Corr
0.46	373220	LG Energy Solution	Pair Corr
0.42	000660	SK Hynix	Pair Corr

Related Correlations Analysis

	336570	320000	011390	011390	500015	036200	133820	500003	361580	012450
336570		-0.03	-0.67	-0.67	-0.09	0.42	-0.64	0.13	0.31	-0.61	336570
320000	-0.03		0.15	0.15	0.13	-0.09	0.08	-0.28	-0.41	0.52	320000
011390	-0.67	0.15		1.0	-0.06	-0.28	0.46	-0.04	-0.26	0.59	011390
011390	-0.67	0.15	1.0		-0.06	-0.28	0.46	-0.04	-0.26	0.59	011390
500015	-0.09	0.13	-0.06	-0.06		0.55	0.33	-0.84	0.59	-0.16	500015
036200	0.42	-0.09	-0.28	-0.28	0.55		0.04	-0.49	0.82	-0.56	036200
133820	-0.64	0.08	0.46	0.46	0.33	0.04		-0.36	0.02	0.19	133820
500003	0.13	-0.28	-0.04	-0.04	-0.84	-0.49	-0.36		-0.45	0.0	500003
361580	0.31	-0.41	-0.26	-0.26	0.59	0.82	0.02	-0.45		-0.64	361580
012450	-0.61	0.52	0.59	0.59	-0.16	-0.56	0.19	0.0	-0.64		012450
	336570	320000	011390	011390	500015	036200	133820	500003	361580	012450

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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

011390	+ 1.0	011390
361580	+ 0.82	036200
012450	+ 0.59	011390
012450	+ 0.59	011390
361580	+ 0.59	500015
036200	+ 0.55	500015

High negative correlations

500003	- 0.84	500015
011390	- 0.67	336570
011390	- 0.67	336570
012450	- 0.64	361580
133820	- 0.64	336570
012450	- 0.61	336570

Risk-Adjusted Indicators

There is a big difference between AfreecaTV Stock performing well and AfreecaTV 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 AfreecaTV'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
336570	2.33	(0.48)	0.00	8.26	0.00	0.00	4.01	(6.22)	21.18
320000	3.02	0.11	(0.01)	(0.10)	3.73	(3.76)	9.81	(6.14)	22.41
011390	2.05	(0.08)	(0.02)	0.02	2.40	(2.54)	4.70	(4.61)	24.98
011390	2.05	(0.08)	(0.02)	0.02	2.40	(2.54)	4.70	(4.61)	24.98
500015	1.72	0.00	0.00	0.10	0.00	0.00	2.86	(4.10)	8.67
036200	2.43	(0.35)	0.00	1.85	0.00	0.00	6.07	(4.11)	16.12
133820	1.81	0.10	0.02	0.37	1.90	(2.27)	3.56	(2.87)	25.82
500003	1.70	0.00	(0.02)	0.09	1.89	(1.94)	4.16	(3.07)	9.46
361580	0.85	(0.10)	0.00	1.73	0.00	0.00	2.15	(2.16)	5.89
012450	2.27	0.31	0.08	0.46	2.65	(3.50)	7.04	(3.84)	23.30

Be your own money manager

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

Elected by the shareholders, the AfreecaTV's board of directors comprises two types of representatives: AfreecaTV inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AfreecaTV. The board's role is to monitor AfreecaTV's management team and ensure that shareholders' interests are well served. AfreecaTV'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, AfreecaTV's outside directors are responsible for providing unbiased perspectives on the board's policies.

ChanYong Jung	CEO Director	Profile
Soo Seo	Representative Director	Profile
Joonsung Kim	CSO Platform	Profile
Jiyeon Kim	Head Relations	Profile

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