Pixelplus Correlations

087600 Stock

6,690 10.00 0.15%

The current 90-days correlation between Pixelplus and Hyundai Industrial Co is 0.08 (i.e., Significant diversification). The correlation of Pixelplus 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.

Pixelplus Correlation With Market

Weak diversification

The correlation between Pixelplus Co and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pixelplus Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pixelplus Stock

0.65	048770	TPC Mechatronics	Pair Corr
0.76	094480	GalaxiaMoneytree CoLtd	Pair Corr
0.75	060250	NHN KCP Corp	Pair Corr
0.65	247540	Ecopro BM	Pair Corr
0.7	035510	Shinsegae Information	Pair Corr
0.63	100120	Vieworks	Pair Corr
0.79	263750	Pearl Abyss Corp	Pair Corr
0.61	019540	Ilji Technology	Pair Corr
0.77	298050	Hyosung Advanced Mat	Pair Corr
0.75	294570	coocon Corp	Pair Corr

Moving against Pixelplus Stock

0.62	060570	Dreamus Company	Pair Corr
0.44	088290	Ewon Comfortech	Pair Corr
0.47	012790	Sinil Pharmaceutical	Pair Corr

Related Correlations Analysis

	170030	211050	090080	128660	039290	031210	092300
170030		-0.09	0.86	0.68	0.4	0.25	0.14	170030
211050	-0.09		-0.24	0.05	-0.46	0.42	0.42	211050
090080	0.86	-0.24		0.57	0.31	0.05	0.03	090080
128660	0.68	0.05	0.57		0.05	0.68	0.63	128660
039290	0.4	-0.46	0.31	0.05		-0.46	-0.38	039290
031210	0.25	0.42	0.05	0.68	-0.46		0.77	031210
092300	0.14	0.42	0.03	0.63	-0.38	0.77		092300
	170030	211050	090080	128660	039290	031210	092300

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

090080	+ 0.86	170030
092300	+ 0.77	031210
128660	+ 0.68	170030
031210	+ 0.68	128660
092300	+ 0.63	128660
128660	+ 0.57	090080

High negative correlations

031210	- 0.46	039290
039290	- 0.46	211050
092300	- 0.38	039290
090080	- 0.24	211050
211050	- 0.09	170030

Risk-Adjusted Indicators

There is a big difference between Pixelplus Stock performing well and Pixelplus 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 Pixelplus' 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
170030	1.29	0.20	0.05	(1.91)	1.38	(1.45)	3.05	(2.25)	7.45
211050	2.70	0.14	0.02	0.56	2.83	(3.04)	6.14	(4.49)	19.49
090080	0.76	0.06	(0.07)	(0.75)	0.80	(0.88)	1.59	(1.47)	6.05
128660	1.22	0.29	0.13	(2.97)	0.99	(1.57)	3.79	(2.24)	9.21
039290	1.31	0.13	(0.02)	(0.18)	1.38	(1.58)	3.16	(2.24)	8.29
031210	1.41	0.25	0.09	0.98	1.67	(1.58)	3.57	(3.09)	9.78
092300	2.07	0.15	0.02	(9.93)	2.30	(2.30)	3.83	(3.75)	17.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pixelplus 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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Pixelplus Corporate Executives

Elected by the shareholders, the Pixelplus' board of directors comprises two types of representatives: Pixelplus inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pixelplus. The board's role is to monitor Pixelplus' management team and ensure that shareholders' interests are well served. Pixelplus' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pixelplus' outside directors are responsible for providing unbiased perspectives on the board's policies.

HaeSu Hwang

Interim CFO, COO

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