EyeGene Correlations

185490 Stock

KRW 2,825 5.00 0.18%

The current 90-days correlation between EyeGene and CJ Seafood Corp is -0.02 (i.e., Good diversification). The correlation of EyeGene 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.

EyeGene Correlation With Market

Modest diversification

The correlation between EyeGene and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EyeGene and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with EyeGene Stock

0.79	235980	MedPacto	Pair Corr
0.74	029780	Samsung Card	Pair Corr
0.81	078020	EBEST Investment Sec	Pair Corr
0.69	014680	Hansol Chemica	Pair Corr

Moving against EyeGene Stock

0.69	226950	OliX PharmaceuticalsInc	Pair Corr
0.63	105560	KB Financial Group	Pair Corr
0.46	047810	Korea Aerospace Indu	Pair Corr

Related Correlations Analysis

	011155	118000	031440	246960	036220	003230	071200
011155		0.71	0.65	0.54	0.75	-0.19	-0.05	011155
118000	0.71		0.82	0.85	0.9	-0.46	-0.07	118000
031440	0.65	0.82		0.79	0.81	-0.2	-0.2	031440
246960	0.54	0.85	0.79		0.74	-0.48	-0.06	246960
036220	0.75	0.9	0.81	0.74		-0.28	0.02	036220
003230	-0.19	-0.46	-0.2	-0.48	-0.28		0.16	003230
071200	-0.05	-0.07	-0.2	-0.06	0.02	0.16		071200
	011155	118000	031440	246960	036220	003230	071200

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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

036220	+ 0.9	118000
246960	+ 0.85	118000
031440	+ 0.82	118000
036220	+ 0.81	031440
246960	+ 0.79	031440
036220	+ 0.75	011155

High negative correlations

003230	- 0.48	246960
003230	- 0.46	118000
003230	- 0.28	036220
071200	- 0.2	031440
003230	- 0.2	031440
003230	- 0.19	011155

Risk-Adjusted Indicators

There is a big difference between EyeGene Stock performing well and EyeGene 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 EyeGene'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
011155	1.18	(0.21)	0.00	0.87	0.00	0.00	2.22	(3.52)	8.25
118000	1.13	(0.46)	0.00	(7.11)	0.00	0.00	1.69	(2.49)	8.63
031440	0.84	(0.24)	0.00	(1.10)	0.00	0.00	2.50	(2.34)	6.11
246960	1.16	(0.17)	0.00	0.84	0.00	0.00	2.99	(2.34)	7.15
036220	1.66	(0.53)	0.00	1.44	0.00	0.00	2.79	(4.47)	10.44
003230	2.19	0.10	(0.02)	(0.42)	2.28	(2.97)	5.59	(3.77)	17.57
071200	1.36	(0.01)	(0.08)	(0.43)	1.66	(1.50)	2.78	(2.59)	7.10

Be your own money manager

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