Aprogen Healthcare Correlations

109960 Stock  KRW 454.00  19.00  4.37%   
The current 90-days correlation between Aprogen Healthcare Games and Narae Nanotech Corp is 0.15 (i.e., Average diversification). The correlation of Aprogen Healthcare 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.

Aprogen Healthcare Correlation With Market

Modest diversification

The correlation between Aprogen Healthcare Games and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aprogen Healthcare Games and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Aprogen Healthcare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aprogen Healthcare 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 Aprogen Healthcare - 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 Aprogen Healthcare Games to buy it.

Moving against Aprogen Stock

  0.48029780 Samsung CardPairCorr
  0.32298380 ABL BioPairCorr

Related Correlations Analysis

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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   
034220129920
095500078350
123750078350
095500034220
123750095500
095500129920
  
High negative correlations   
034220239890
137080034220
137080078350
129920239890
137080095500
137080129920

Risk-Adjusted Indicators

There is a big difference between Aprogen Stock performing well and Aprogen Healthcare 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 Aprogen Healthcare'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.

Be your own money manager

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