FLITTO Correlations
| 300080 Stock | KRW 13,470 1,680 14.25% |
The current 90-days correlation between FLITTO Inc and VAIV Co is 0.41 (i.e., Very weak diversification). The correlation of FLITTO 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.
FLITTO Correlation With Market
Modest diversification
The correlation between FLITTO Inc and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FLITTO Inc and DJI in the same portfolio, assuming nothing else is changed.
FLITTO |
The ability to find closely correlated positions to FLITTO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace FLITTO 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 FLITTO - 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 FLITTO Inc to buy it.
Moving together with FLITTO Stock
| 0.89 | 301300 | VAIV | PairCorr |
| 0.71 | 303530 | Innodep | PairCorr |
| 0.82 | 065370 | WISE iTech | PairCorr |
| 0.9 | 050960 | SOOSAN INT | PairCorr |
| 0.72 | 060850 | Younglimwon Soft Lab | PairCorr |
| 0.66 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.89 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.86 | 302430 | Innometry | PairCorr |
| 0.86 | 033240 | Jahwa Electron | PairCorr |
Moving against FLITTO Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between FLITTO Stock performing well and FLITTO 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 FLITTO'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 301300 | 2.38 | (0.26) | 0.00 | 1.40 | 0.00 | 5.18 | 13.43 | |||
| 300080 | 3.12 | (0.64) | 0.00 | (0.26) | 0.00 | 6.62 | 27.08 | |||
| 303530 | 1.88 | (0.17) | 0.00 | (0.62) | 0.00 | 3.51 | 17.09 | |||
| 065370 | 1.51 | (0.29) | 0.00 | (4.26) | 0.00 | 3.00 | 13.84 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in FLITTO 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.Did you try this?
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FLITTO Corporate Management
Elected by the shareholders, the FLITTO's board of directors comprises two types of representatives: FLITTO inside directors who are chosen from within the company, and outside directors, selected externally and held independent of FLITTO. The board's role is to monitor FLITTO's management team and ensure that shareholders' interests are well served. FLITTO's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, FLITTO's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jinkoo Kim | CoFounder CSO | Profile | |
| Simon Lee | Founder CEO | Profile | |
| Dan Kang | CoFounder CTO | Profile | |
| Daechul Chung | Chief Officer | Profile |