LTC CoLtd Correlations

170920 Stock

9,350 90.00 0.97%

The current 90-days correlation between LTC CoLtd and Miwon Chemical is 0.14 (i.e., Average diversification). The correlation of LTC 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.

LTC CoLtd Correlation With Market

Good diversification

The correlation between LTC CoLtd and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LTC CoLtd and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to LTC 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 LTC 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 LTC 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 LTC CoLtd to buy it.

Moving against LTC Stock

0.58	005935	Samsung Electronics	Pair Corr
0.58	005380	Hyundai Motor	Pair Corr
0.53	005930	Samsung Electronics	Pair Corr
0.45	005387	Hyundai Motor	Pair Corr
0.36	009830	Hanwha Solutions	Pair Corr

Related Correlations Analysis

	051910	006650	134380	112290	011500	051900	014440
051910		0.85	0.38	0.83	0.81	0.74	-0.34	051910
006650	0.85		0.49	0.78	0.79	0.71	-0.28	006650
134380	0.38	0.49		0.48	0.65	0.44	-0.51	134380
112290	0.83	0.78	0.48		0.76	0.7	-0.27	112290
011500	0.81	0.79	0.65	0.76		0.65	-0.44	011500
051900	0.74	0.71	0.44	0.7	0.65		-0.32	051900
014440	-0.34	-0.28	-0.51	-0.27	-0.44	-0.32		014440
	051910	006650	134380	112290	011500	051900	014440

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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

006650	+ 0.85	051910
112290	+ 0.83	051910
011500	+ 0.81	051910
011500	+ 0.79	006650
112290	+ 0.78	006650
011500	+ 0.76	112290

High negative correlations

014440	- 0.51	134380
014440	- 0.44	011500
014440	- 0.34	051910
014440	- 0.32	051900
014440	- 0.28	006650
014440	- 0.27	112290

Risk-Adjusted Indicators

There is a big difference between LTC Stock performing well and LTC 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 LTC 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
051910	1.81	0.08	(0.03)	(0.27)	2.26	(2.00)	5.12	(3.78)	14.51
006650	2.34	(0.15)	0.00	0.29	0.00	0.00	5.40	(4.55)	15.91
134380	0.49	(0.04)	0.00	(2.36)	0.00	0.00	1.14	(1.23)	3.15
112290	3.29	(0.10)	0.00	0.26	0.00	0.00	6.64	(5.37)	28.07
011500	3.07	(0.27)	0.00	0.43	0.00	0.00	6.25	(7.41)	25.94
051900	1.70	(0.10)	0.00	(0.20)	0.00	0.00	4.05	(4.65)	13.42
014440	0.58	0.00	(0.14)	0.07	0.80	(0.57)	1.04	(1.18)	3.69

Be your own money manager

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