Maeil Dairies Correlations

267980 Stock

KRW 37,800 250.00 0.66%

The current 90-days correlation between Maeil Dairies and Dongwoo Farm To is 0.25 (i.e., Modest diversification). The correlation of Maeil Dairies 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.

Maeil Dairies Correlation With Market

Good diversification

The correlation between Maeil Dairies Co and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maeil Dairies Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Maeil Stock

0.64	088910	Dongwoo Farm To	Pair Corr
0.82	103840	Wooyang	Pair Corr
0.8	154030	Asia Seed CoLtd	Pair Corr
0.69	005930	Samsung Electronics	Pair Corr
0.67	005935	Samsung Electronics	Pair Corr
0.72	005380	Hyundai Motor	Pair Corr
0.65	005387	Hyundai Motor	Pair Corr

Moving against Maeil Stock

0.84	311390	Neo Cremar	Pair Corr
0.73	105560	KB Financial Group	Pair Corr
0.71	024110	Industrial Bank	Pair Corr
0.62	032830	Samsung Life	Pair Corr
0.54	316140	Woori Financial Group	Pair Corr
0.43	900340	Wing Yip Food	Pair Corr

Related Correlations Analysis

	267980	088910	900340	011390	011390	500015	133820	500003	133820	267250
267980		0.64	-0.43	-0.72	-0.72	0.1	-0.53	0.08	-0.53	0.25	267980
088910	0.64		-0.4	-0.37	-0.37	0.49	-0.26	-0.34	-0.26	0.31	088910
900340	-0.43	-0.4		0.37	0.37	-0.03	0.62	-0.09	0.62	0.11	900340
011390	-0.72	-0.37	0.37		1.0	-0.08	0.48	-0.03	0.48	-0.26	011390
011390	-0.72	-0.37	0.37	1.0		-0.08	0.48	-0.03	0.48	-0.26	011390
500015	0.1	0.49	-0.03	-0.08	-0.08		0.23	-0.83	0.23	0.18	500015
133820	-0.53	-0.26	0.62	0.48	0.48	0.23		-0.28	1.0	-0.05	133820
500003	0.08	-0.34	-0.09	-0.03	-0.03	-0.83	-0.28		-0.28	-0.16	500003
133820	-0.53	-0.26	0.62	0.48	0.48	0.23	1.0	-0.28		-0.05	133820
267250	0.25	0.31	0.11	-0.26	-0.26	0.18	-0.05	-0.16	-0.05		267250
	267980	088910	900340	011390	011390	500015	133820	500003	133820	267250

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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

011390	+ 1.0	011390
133820	+ 1.0	133820
088910	+ 0.64	267980
133820	+ 0.62	900340
133820	+ 0.62	900340
500015	+ 0.49	088910

High negative correlations

500003	- 0.83	500015
011390	- 0.72	267980
011390	- 0.72	267980
133820	- 0.53	267980
133820	- 0.53	267980
900340	- 0.43	267980

Risk-Adjusted Indicators

There is a big difference between Maeil Stock performing well and Maeil Dairies 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 Maeil Dairies' 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
267980	0.63	(0.04)	0.00	0.31	0.00	0.00	1.52	(1.18)	3.85
088910	0.81	(0.16)	0.00	1.91	0.00	0.00	1.49	(2.23)	6.29
900340	4.94	0.82	0.16	0.59	4.84	(5.59)	17.01	(10.08)	31.84
011390	2.05	0.01	0.01	0.13	2.41	(2.41)	4.70	(4.61)	24.98
011390	2.05	0.01	0.01	0.13	2.41	(2.41)	4.70	(4.61)	24.98
500015	1.71	(0.06)	0.00	0.31	0.00	0.00	2.86	(4.10)	8.67
133820	1.93	0.17	0.05	0.49	1.91	(2.50)	3.59	(2.87)	25.82
500003	1.71	0.04	(0.01)	0.21	1.84	(1.98)	4.16	(3.07)	9.46
133820	1.93	0.17	0.05	0.49	1.91	(2.50)	3.59	(2.87)	25.82
267250	1.40	(0.01)	(0.05)	(0.01)	2.15	(1.37)	2.80	(3.21)	9.29

Be your own money manager

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