CJ Cheiljedang Correlations
| 097950 Stock | 242,500 1,500 0.62% |
The current 90-days correlation between CJ Cheiljedang and DB Insurance Co is 0.25 (i.e., Modest diversification). The correlation of CJ Cheiljedang 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.
CJ Cheiljedang Correlation With Market
Good diversification
The correlation between CJ Cheiljedang and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CJ Cheiljedang and DJI in the same portfolio, assuming nothing else is changed.
097950 |
The ability to find closely correlated positions to CJ Cheiljedang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CJ Cheiljedang 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 CJ Cheiljedang - 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 CJ Cheiljedang to buy it.
Moving together with 097950 Stock
Moving against 097950 Stock
| 0.53 | 083650 | BHI Co | PairCorr |
| 0.51 | 285490 | NOVATECH | PairCorr |
| 0.47 | 035900 | JYP Entertainment | PairCorr |
| 0.46 | 035900 | JYP Entertainment Corp | PairCorr |
| 0.44 | 006040 | Dongwon Ind | PairCorr |
| 0.43 | 078160 | MEDIPOST | PairCorr |
| 0.36 | 031860 | NSN Co | PairCorr |
| 0.34 | 402030 | Konan Technology | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between 097950 Stock performing well and CJ Cheiljedang 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 CJ Cheiljedang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 003690 | 1.25 | 0.23 | 0.14 | 0.64 | 1.31 | 2.58 | 8.68 | |||
| 046890 | 1.64 | (0.34) | 0.00 | 1.54 | 0.00 | 3.18 | 9.62 | |||
| 005830 | 2.10 | (0.30) | 0.00 | (0.71) | 0.00 | 4.03 | 12.50 | |||
| 005830 | 2.10 | (0.30) | 0.00 | (0.71) | 0.00 | 4.03 | 12.50 | |||
| 120240 | 1.23 | (0.09) | 0.00 | 0.29 | 0.00 | 1.84 | 9.40 | |||
| 192080 | 1.28 | (0.03) | 0.00 | (0.03) | 0.00 | 2.89 | 8.85 | |||
| 051900 | 1.27 | (0.23) | 0.00 | (0.57) | 0.00 | 1.87 | 12.69 | |||
| 071200 | 1.37 | (0.05) | 0.00 | (0.28) | 0.00 | 2.65 | 10.85 |
Be your own money manager
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CJ Cheiljedang Corporate Management
Elected by the shareholders, the CJ Cheiljedang's board of directors comprises two types of representatives: CJ Cheiljedang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 097950. The board's role is to monitor CJ Cheiljedang's management team and ensure that shareholders' interests are well served. CJ Cheiljedang'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, CJ Cheiljedang's outside directors are responsible for providing unbiased perspectives on the board's policies.
| JungHo Kim | Head VP | Profile | |
| Seong Jun | Head Officer | Profile | |
| JungIl Lee | Managing Center | Profile | |
| YongJun Sung | Assistant Compliance | Profile | |
| YoungSoo Shin | Managing Team | Profile | |
| KyungBae Lee | Managing Team | Profile |