Amogreentech CoLtd Correlations

125210 Stock

KRW 6,550 20.00 0.31%

The current 90-days correlation between Amogreentech CoLtd and Shin Heung Energy is 0.42 (i.e., Very weak diversification). The correlation of Amogreentech CoLtd 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.

Amogreentech CoLtd Correlation With Market

Average diversification

The correlation between Amogreentech CoLtd and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amogreentech CoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Amogreentech Stock

0.63	091580	Sangsin Energy Display	Pair Corr
0.68	262260	APro	Pair Corr
0.81	140670	RS Automation CoLtd	Pair Corr
0.75	285490	NOVATECH	Pair Corr
0.72	288620	S Fuelcell co	Pair Corr
0.7	259630	mPLUS Corp	Pair Corr
0.84	005935	Samsung Electronics	Pair Corr
0.86	005930	Samsung Electronics	Pair Corr
0.7	000270	Kia Corp	Pair Corr

Moving against Amogreentech Stock

0.43

105560

KB Financial Group

Pair Corr

Related Correlations Analysis

	247540	243840	091580	125210	006910	262260	288620	259630
247540		0.87	0.89	0.51	0.21	0.9	0.6	0.77	247540
243840	0.87		0.95	0.45	0.26	0.92	0.77	0.88	243840
091580	0.89	0.95		0.63	0.16	0.98	0.86	0.95	091580
125210	0.51	0.45	0.63		-0.14	0.68	0.72	0.7	125210
006910	0.21	0.26	0.16	-0.14		0.12	0.01	0.08	006910
262260	0.9	0.92	0.98	0.68	0.12		0.85	0.94	262260
288620	0.6	0.77	0.86	0.72	0.01	0.85		0.94	288620
259630	0.77	0.88	0.95	0.7	0.08	0.94	0.94		259630
	247540	243840	091580	125210	006910	262260	288620	259630

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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

262260	+ 0.98	091580
091580	+ 0.95	243840
259630	+ 0.95	091580
259630	+ 0.94	262260
259630	+ 0.94	288620
262260	+ 0.92	243840

High negative correlations

006910

- 0.14

125210

Risk-Adjusted Indicators

There is a big difference between Amogreentech Stock performing well and Amogreentech CoLtd 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 Amogreentech CoLtd'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
247540	2.90	(0.35)	0.00	0.67	0.00	0.00	6.38	(5.62)	17.76
243840	2.19	(0.46)	0.00	1.02	0.00	0.00	4.74	(5.54)	13.17
091580	1.94	(0.59)	0.00	3.33	0.00	0.00	3.43	(4.75)	10.72
125210	2.61	(0.42)	0.00	(0.70)	0.00	0.00	5.64	(5.38)	19.13
006910	2.19	0.00	(0.03)	0.11	2.32	(2.94)	3.45	(3.91)	36.96
262260	1.96	(0.49)	0.00	1.66	0.00	0.00	4.08	(3.89)	13.13
288620	1.67	(0.60)	0.00	(7.29)	0.00	0.00	2.91	(4.79)	11.94
259630	1.66	(0.60)	0.00	1.48	0.00	0.00	2.98	(4.10)	13.50

Be your own money manager

Our tools can tell you how much better you can do entering a position in Amogreentech CoLtd 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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