People Technology Correlations

137400 Stock

40,750 300.00 0.73%

The current 90-days correlation between People Technology and Sam Yang Foods is 0.2 (i.e., Modest diversification). The correlation of People Technology 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.

People Technology Correlation With Market

Good diversification

The correlation between People Technology and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding People Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with People Stock

0.81	005930	Samsung Electronics	Pair Corr
0.81	005935	Samsung Electronics	Pair Corr
0.83	034730	SK Holdings	Pair Corr
0.99	005490	POSCO Holdings Earnings Call This Week	Pair Corr
0.78	005387	Hyundai Motor Earnings Call This Week	Pair Corr
0.74	005385	Hyundai Motor Earnings Call This Week	Pair Corr

Moving against People Stock

0.83	035900	JYP Entertainment Corp	Pair Corr
0.83	035900	JYP Entertainment	Pair Corr
0.8	078160	MEDIPOST	Pair Corr
0.74	006040	Dongwon Ind	Pair Corr
0.71	083650	BHI Co	Pair Corr
0.68	402030	Konan Technology	Pair Corr
0.61	285490	NOVATECH	Pair Corr
0.59	031860	NSN Co	Pair Corr
0.46	000270	Kia Corp Earnings Call This Week	Pair Corr

Related Correlations Analysis

	251270	009540	094360	003230	048910	035900	419530	084850
251270		-0.43	-0.3	-0.19	0.04	-0.36	0.45	0.6	251270
009540	-0.43		0.77	0.76	0.49	0.66	0.15	-0.75	009540
094360	-0.3	0.77		0.69	0.7	0.38	0.37	-0.44	094360
003230	-0.19	0.76	0.69		0.44	0.59	0.15	-0.71	003230
048910	0.04	0.49	0.7	0.44		-0.05	0.49	-0.02	048910
035900	-0.36	0.66	0.38	0.59	-0.05		-0.01	-0.88	035900
419530	0.45	0.15	0.37	0.15	0.49	-0.01		0.19	419530
084850	0.6	-0.75	-0.44	-0.71	-0.02	-0.88	0.19		084850
	251270	009540	094360	003230	048910	035900	419530	084850

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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

094360	+ 0.77	009540
003230	+ 0.76	009540
048910	+ 0.7	094360
003230	+ 0.69	094360
035900	+ 0.66	009540
084850	+ 0.6	251270

High negative correlations

084850	- 0.88	035900
084850	- 0.75	009540
084850	- 0.71	003230
084850	- 0.44	094360
009540	- 0.43	251270
035900	- 0.36	251270

Risk-Adjusted Indicators

There is a big difference between People Stock performing well and People Technology 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 People Technology'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
251270	2.06	(0.25)	0.00	0.48	0.00	0.00	3.75	(4.81)	13.52
009540	2.07	0.44	0.22	15.20	1.76	(2.65)	6.03	(3.31)	11.85
094360	3.15	0.47	0.12	(0.65)	3.51	(3.27)	7.82	(5.46)	19.52
003230	2.23	0.50	0.24	(2.04)	1.72	(3.01)	6.11	(3.40)	17.57
048910	1.47	0.10	0.06	(0.48)	1.63	(1.68)	4.14	(2.58)	12.65
035900	2.45	0.63	0.24	44.13	2.19	(2.91)	7.06	(3.29)	17.88
419530	2.65	(0.04)	0.00	(23.23)	0.00	0.00	7.47	(5.82)	17.25
084850	1.92	(0.67)	0.00	1.27	0.00	0.00	3.17	(5.10)	10.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in People Technology 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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