Taewoong Logistics Correlations
| 124560 Stock | KRW 2,835 10.00 0.35% |
The current 90-days correlation between Taewoong Logistics CoLtd and Pan Entertainment Co is 0.42 (i.e., Very weak diversification). The correlation of Taewoong Logistics 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.
Taewoong Logistics Correlation With Market
Significant diversification
The correlation between Taewoong Logistics CoLtd and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taewoong Logistics CoLtd and DJI in the same portfolio, assuming nothing else is changed.
Taewoong |
The ability to find closely correlated positions to Taewoong Logistics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taewoong Logistics 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 Taewoong Logistics - 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 Taewoong Logistics CoLtd to buy it.
Moving together with Taewoong Stock
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Risk-Adjusted Indicators
There is a big difference between Taewoong Stock performing well and Taewoong Logistics 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 Taewoong Logistics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 124560 | 1.46 | (0.06) | 0.00 | (0.21) | 0.00 | 3.29 | 11.50 | |||
| 068050 | 1.82 | 0.41 | 0.18 | 1.42 | 1.75 | 5.46 | 11.71 | |||
| 016360 | 1.28 | 0.15 | 0.07 | (0.82) | 1.55 | 3.54 | 11.48 | |||
| 058470 | 2.26 | 0.29 | 0.10 | 1.39 | 2.32 | 6.16 | 9.99 | |||
| 285490 | 3.41 | 1.02 | 0.27 | 1.38 | 2.94 | 8.59 | 32.80 | |||
| 035900 | 2.31 | 0.69 | 0.24 | 3.10 | 2.07 | 7.06 | 15.06 | |||
| 067390 | 1.71 | 0.51 | 0.26 | 1.17 | 1.41 | 5.50 | 10.14 | |||
| 117730 | 3.45 | 0.52 | 0.11 | 1.57 | 4.14 | 8.77 | 27.34 | |||
| 900310 | 2.03 | 0.37 | 0.13 | 43.50 | 2.29 | 4.95 | 9.99 | |||
| 218410 | 2.85 | 0.31 | 0.06 | 24.62 | 4.12 | 7.39 | 16.75 |
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