Dongkuk Structures Correlations

100130 Stock

KRW 2,280 30.00 1.33%

The current 90-days correlation between Dongkuk Structures and Samsung Electronics Co is 0.43 (i.e., Very weak diversification). The correlation of Dongkuk Structures 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.

Dongkuk Structures Correlation With Market

Good diversification

The correlation between Dongkuk Structures Constructio and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dongkuk Structures Constructio and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dongkuk Stock

0.81	011070	LG Innotek	Pair Corr
0.74	004170	Shinsegae	Pair Corr
0.85	097950	CJ Cheiljedang	Pair Corr
0.88	005380	Hyundai Motor	Pair Corr

Moving against Dongkuk Stock

0.75	010130	Korea Zinc	Pair Corr
0.34	086280	Hyundai Glovis	Pair Corr

Related Correlations Analysis

	005930	005935	105560	055550	005380	005385	005387	000660	066570
005930		0.99	-0.51	0.42	0.67	0.48	0.34	-0.18	0.44	005930
005935	0.99		-0.5	0.42	0.7	0.5	0.36	-0.2	0.46	005935
105560	-0.51	-0.5		0.19	-0.42	-0.46	-0.39	0.65	-0.72	105560
055550	0.42	0.42	0.19		0.39	0.18	0.12	0.31	0.07	055550
005380	0.67	0.7	-0.42	0.39		0.9	0.84	-0.1	0.72	005380
005385	0.48	0.5	-0.46	0.18	0.9		0.98	-0.28	0.79	005385
005387	0.34	0.36	-0.39	0.12	0.84	0.98		-0.24	0.76	005387
000660	-0.18	-0.2	0.65	0.31	-0.1	-0.28	-0.24		-0.55	000660
066570	0.44	0.46	-0.72	0.07	0.72	0.79	0.76	-0.55		066570
	005930	005935	105560	055550	005380	005385	005387	000660	066570

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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

005935	+ 0.99	005930
005387	+ 0.98	005385
005385	+ 0.9	005380
005387	+ 0.84	005380
066570	+ 0.79	005385
066570	+ 0.76	005387

High negative correlations

066570	- 0.72	105560
066570	- 0.55	000660
105560	- 0.51	005930
105560	- 0.5	005935
005385	- 0.46	105560
005380	- 0.42	105560

Risk-Adjusted Indicators

There is a big difference between Dongkuk Stock performing well and Dongkuk Structures 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 Dongkuk Structures' 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
005930	1.64	(0.42)	0.00	20.03	0.00	0.00	3.94	(3.64)	8.99
005935	1.48	(0.34)	0.00	1.58	0.00	0.00	2.41	(3.67)	8.32
105560	1.97	0.17	0.03	1.28	2.30	(2.11)	4.74	(3.91)	13.12
055550	1.83	(0.09)	0.00	(0.11)	0.00	0.00	3.71	(4.96)	12.41
005380	1.76	(0.11)	0.00	0.31	0.00	0.00	3.80	(3.95)	9.83
005385	1.34	0.05	0.00	0.02	0.00	0.00	3.99	(2.42)	9.37
005387	1.47	0.14	(0.04)	(0.06)	1.81	(1.52)	3.40	(3.01)	10.97
000660	2.81	(0.07)	0.00	0.98	0.00	0.00	6.20	(5.35)	14.85
066570	1.42	(0.03)	0.00	3.03	0.00	0.00	2.82	(3.17)	11.85

Be your own money manager

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