ASTORY CoLtd Correlations
| 241840 Stock | 7,070 60.00 0.84% |
The current 90-days correlation between ASTORY CoLtd and Neungyule Education is 0.17 (i.e., Average diversification). The correlation of ASTORY 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.
ASTORY CoLtd Correlation With Market
Good diversification
The correlation between ASTORY CoLtd and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASTORY CoLtd and DJI in the same portfolio, assuming nothing else is changed.
ASTORY |
The ability to find closely correlated positions to ASTORY 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 ASTORY 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 ASTORY 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 ASTORY CoLtd to buy it.
Moving together with ASTORY Stock
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