Lotte Data Correlations

286940 Stock

19,700 100.00 0.51%

The current 90-days correlation between Lotte Data Communication and Inzi Display CoLtd is 0.59 (i.e., Very weak diversification). The correlation of Lotte Data 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.

Lotte Data Correlation With Market

Good diversification

The correlation between Lotte Data Communication and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotte Data Communication and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Lotte Stock

0.87	034730	SK Holdings	Pair Corr
0.62	023590	Daou Tech	Pair Corr
0.66	034830	Korea Real Estate	Pair Corr

Moving against Lotte Stock

0.82	035900	JYP Entertainment	Pair Corr
0.82	035900	JYP Entertainment Corp	Pair Corr
0.7	083650	BHI Co	Pair Corr
0.69	402030	Konan Technology	Pair Corr
0.64	078160	MEDIPOST	Pair Corr
0.52	006040	Dongwon Ind	Pair Corr
0.47	262840	IQuest	Pair Corr
0.33	285490	NOVATECH	Pair Corr

Related Correlations Analysis

	020560	018120	037330	005610	032850	020180	129920
020560		-0.24	-0.48	0.22	0.48	0.17	-0.41	020560
018120	-0.24		0.6	0.41	0.11	-0.12	0.39	018120
037330	-0.48	0.6		0.15	0.06	-0.34	0.9	037330
005610	0.22	0.41	0.15		0.62	0.54	-0.17	005610
032850	0.48	0.11	0.06	0.62		0.52	-0.08	032850
020180	0.17	-0.12	-0.34	0.54	0.52		-0.59	020180
129920	-0.41	0.39	0.9	-0.17	-0.08	-0.59		129920
	020560	018120	037330	005610	032850	020180	129920

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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

129920	+ 0.9	037330
032850	+ 0.62	005610
037330	+ 0.6	018120
020180	+ 0.54	005610
020180	+ 0.52	032850
032850	+ 0.48	020560

High negative correlations

129920	- 0.59	020180
037330	- 0.48	020560
129920	- 0.41	020560
020180	- 0.34	037330
018120	- 0.24	020560
129920	- 0.17	005610

Risk-Adjusted Indicators

There is a big difference between Lotte Stock performing well and Lotte Data 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 Lotte Data'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
020560	1.53	0.19	0.09	2.16	1.72	(1.88)	3.77	(2.27)	12.43
018120	0.66	0.00	(0.02)	0.06	1.06	(0.63)	1.55	(1.65)	4.96
037330	0.95	(0.23)	0.00	(3.41)	0.00	0.00	1.35	(2.94)	7.70
005610	1.26	0.01	0.00	(0.19)	1.76	(1.56)	3.69	(3.31)	11.47
032850	1.42	(0.02)	0.00	0.19	0.00	0.00	2.72	(3.02)	10.27
020180	2.47	0.29	0.09	0.35	2.65	(3.09)	8.06	(3.93)	32.57
129920	1.71	(0.40)	0.00	1.63	0.00	0.00	3.57	(4.21)	11.52

Be your own money manager

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