RS Automation Correlations
| 140670 Stock | 11,390 110.00 0.98% |
The current 90-days correlation between RS Automation CoLtd and Sangsin Energy Display is 0.38 (i.e., Weak diversification). The correlation of RS Automation 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.
RS Automation Correlation With Market
Good diversification
The correlation between RS Automation CoLtd and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding RS Automation CoLtd and DJI in the same portfolio, assuming nothing else is changed.
140670 |
The ability to find closely correlated positions to RS Automation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace RS Automation 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 RS Automation - 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 RS Automation CoLtd to buy it.
Moving together with 140670 Stock
| 0.62 | 243840 | Shin Heung Energy | PairCorr |
| 0.74 | 091580 | Sangsin Energy Display | PairCorr |
| 0.74 | 125210 | Amogreentech CoLtd | PairCorr |
| 0.75 | 262260 | APro | PairCorr |
| 0.84 | 285490 | NOVATECH | PairCorr |
| 0.77 | 288620 | S Fuelcell co | PairCorr |
| 0.78 | 259630 | mPLUS Corp | PairCorr |
| 0.79 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.73 | 302430 | Innometry | PairCorr |
| 0.79 | 033240 | Jahwa Electron | PairCorr |
Moving against 140670 Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between 140670 Stock performing well and RS Automation 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 RS Automation'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 | 2.89 | (0.20) | 0.00 | 0.54 | 0.00 | 6.38 | 17.76 | |||
| 091580 | 1.96 | (0.49) | 0.00 | 6.76 | 0.00 | 3.60 | 10.72 | |||
| 006910 | 2.17 | 0.03 | (0.02) | 0.21 | 2.30 | 3.45 | 36.96 | |||
| 262260 | 1.99 | (0.36) | 0.00 | 2.05 | 0.00 | 4.08 | 13.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in RS Automation 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.Did you try this?
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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
| All Next | Launch Module |
RS Automation Corporate Management
Elected by the shareholders, the RS Automation's board of directors comprises two types of representatives: RS Automation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 140670. The board's role is to monitor RS Automation's management team and ensure that shareholders' interests are well served. RS Automation's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, RS Automation's outside directors are responsible for providing unbiased perspectives on the board's policies.
| DukHyun Kang | Pres CEO | Profile | |
| ByungWook Im | Managing Sales | Profile | |
| SangHun Lee | MD Director | Profile | |
| ChangKi Hwang | Director Fin | Profile | |
| YeonTae Jung | Sr Quality | Profile | |
| JinDoo Park | Managing Sales | Profile | |
| GeonMin Lee | MD Director | Profile |