WI Correlations

Stocks . Korea . 
Stock . WI Co
073570 Stock  KRW 710.00  12.00  1.66%   
The current 90-days correlation between WI Co and Hyundai Motor Co is -0.11 (i.e., Good diversification). The correlation of WI 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.

WI Correlation With Market

Very good diversification

The correlation between WI Co and DJI is -0.49 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WI Co and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to WI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WI 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 WI - 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 WI Co to buy it.

Moving against WI Stock

  0.7033240 Jahwa ElectronPairCorr
  0.69005935 Samsung ElectronicsPairCorr
  0.68005930 Samsung ElectronicsPairCorr
  0.62000660 SK HynixPairCorr
  0.61053080 Wonbang TechPairCorr
  0.58147760 MicrofriendPairCorr
  0.55005385 Hyundai MotorPairCorr
  0.54005387 Hyundai MotorPairCorr
  0.42006400 Samsung SDIPairCorr
  0.75006800 Mirae Asset DaewooPairCorr
  0.73003470 Yuanta Sec KorPairCorr
  0.72071050 Korea Investment HoldingsPairCorr
  0.72001530 Dong Il Corp SplitPairCorr
  0.71106190 High Tech PharmPairCorr
  0.71086790 Hana FinancialPairCorr
  0.62019540 Ilji TechnologyPairCorr
  0.55122870 YG EntertainmentPairCorr
  0.54011210 Hyundai WiaPairCorr
  0.52054210 ElentecPairCorr
  0.49009320 Daewoo ElectronicPairCorr
  0.48046890 Seoul SemiconductorPairCorr
  0.75005830 Dongbu InsurancePairCorr
  0.73011390 Busan IndPairCorr
  0.66200780 BCWORLD PHARM SplitPairCorr
  0.63002920 Yoosung EnterprisePairCorr
  0.53058730 Dong A SteelPairCorr
  0.51042520 HansBiomedPairCorr

Related Correlations Analysis


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

005930
+ 1.0
005935
005385
+ 1.0
005387
000660
+ 0.98
005935
000660
+ 0.98
005930
051910
+ 0.97
051915
005385
+ 0.91
005935
  

High negative correlations

051915
- 0.71
000660
051915
- 0.69
005935
051915
- 0.67
005930
051910
- 0.62
000660
051910
- 0.59
005935
051910
- 0.58
005930

Risk-Adjusted Indicators

There is a big difference between WI Stock performing well and WI 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 WI'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
005935  1.99  1.05  0.34 (3.53) 1.64 
(2.42)
 5.17 
(3.43)
 15.35 
005930  2.25  1.18  0.40 (6.45) 1.80 
(2.77)
 6.44 
(3.76)
 17.17 
373220  2.31 (0.03) 0.00 (0.81) 0.00 
 0.00 
 5.32 
(4.52)
 14.89 
000660  2.65  0.95  0.23 (2.27) 2.85 
(3.02)
 6.15 
(4.33)
 17.39 
207940  0.00  0.00  0.00  0.00  0.00 
 0.00 
 0.00 
 0.00 
 0.00 
051915  2.26 (0.01) 0.00  1.01  0.00 
 0.00 
 5.46 
(5.75)
 16.26 
051910  2.63  0.05 (0.01)(1.23) 3.29 
(2.86)
 5.89 
(5.44)
 18.84 
006400  2.89  0.58  0.17  1.44  2.55 
(3.46)
 7.91 
(4.47)
 27.39 
005387  2.46  0.75  0.23 (2.39) 2.22 
(3.02)
 6.96 
(4.25)
 15.69 
005385  2.35  0.74  0.24 (3.11) 2.00 
(2.88)
 6.46 
(3.95)
 13.76 

Be your own money manager

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