Green Cross Correlations

142280 Stock

KRW 3,725 35.00 0.93%

The current 90-days correlation between Green Cross Medical and Eagle Veterinary Technology is 0.47 (i.e., Very weak diversification). The correlation of Green Cross 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.

Green Cross Correlation With Market

Significant diversification

The correlation between Green Cross Medical and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Cross Medical and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Green Stock

0.62	302440	SK Bioscience	Pair Corr
0.73	054180	MEDICOX	Pair Corr
0.66	006920	MohenzCoLtd	Pair Corr
0.7	088290	Ewon Comfortech	Pair Corr

Moving against Green Stock

0.45	088130	Dong A Eltek Split	Pair Corr
0.36	317530	Carriesoft	Pair Corr

Related Correlations Analysis

	448710	351320	044960	085670	041190	298690	021080
448710		-0.18	0.66	0.3	0.27	0.02	0.65	448710
351320	-0.18		0.13	0.38	-0.62	0.11	-0.43	351320
044960	0.66	0.13		0.6	-0.08	0.36	0.48	044960
085670	0.3	0.38	0.6		-0.27	0.36	0.23	085670
041190	0.27	-0.62	-0.08	-0.27		-0.45	0.57	041190
298690	0.02	0.11	0.36	0.36	-0.45		0.05	298690
021080	0.65	-0.43	0.48	0.23	0.57	0.05		021080
	448710	351320	044960	085670	041190	298690	021080

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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

044960	+ 0.66	448710
021080	+ 0.65	448710
085670	+ 0.6	044960
021080	+ 0.57	041190
021080	+ 0.48	044960
085670	+ 0.38	351320

High negative correlations

041190	- 0.62	351320
298690	- 0.45	041190
021080	- 0.43	351320
041190	- 0.27	085670
351320	- 0.18	448710
041190	- 0.08	044960

Risk-Adjusted Indicators

There is a big difference between Green Stock performing well and Green Cross 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 Green Cross' 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
448710	2.50	(0.29)	0.00	(0.44)	0.00	0.00	5.45	(5.21)	17.65
351320	1.90	0.01	(0.05)	0.04	2.38	(2.17)	5.08	(4.47)	16.28
044960	1.12	(0.10)	0.00	(3.50)	0.00	0.00	2.37	(2.39)	7.75
085670	2.69	0.00	(0.04)	0.00	2.88	(3.07)	5.14	(4.63)	26.83
041190	2.82	0.41	0.09	1.59	3.07	(3.25)	7.31	(6.30)	23.42
298690	0.96	0.05	(0.08)	(0.05)	1.12	(1.24)	2.79	(2.06)	7.73
021080	1.68	(0.10)	0.00	(0.24)	0.00	0.00	4.00	(2.90)	13.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Green Cross 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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