Neo Cremar Correlations

311390 Stock

KRW 5,980 10.00 0.17%

The current 90-days correlation between Neo Cremar and Yura Tech Co is -0.21 (i.e., Very good diversification). The correlation of Neo Cremar 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.

Neo Cremar Correlation With Market

Good diversification

The correlation between Neo Cremar Co and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neo Cremar Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Neo Stock

0.64	900340	Wing Yip Food	Pair Corr
0.61	187870	DeviceENGCOLtd	Pair Corr

Moving against Neo Stock

0.85	031860	NSN Co	Pair Corr
0.82	025950	Dongsin Engineering	Pair Corr
0.82	006040	Dongwon Ind	Pair Corr
0.81	045340	Total Soft Bank	Pair Corr
0.79	050960	SOOSAN INT	Pair Corr
0.74	078160	MEDIPOST	Pair Corr
0.74	285490	NOVATECH	Pair Corr
0.73	241840	ASTORY CoLtd	Pair Corr
0.63	035900	JYP Entertainment	Pair Corr
0.62	035900	JYP Entertainment Corp	Pair Corr
0.56	215480	Daewoo SBI SPAC	Pair Corr
0.35	402030	Konan Technology	Pair Corr
0.33	217270	Daishin Balance 1	Pair Corr

Related Correlations Analysis

	166090	089030	048430	418420	137080	061040	251630	171120
166090		0.47	-0.19	0.38	-0.09	-0.68	0.39	-0.32	166090
089030	0.47		0.37	0.5	0.03	-0.13	0.62	0.06	089030
048430	-0.19	0.37		0.66	0.72	0.73	0.49	0.26	048430
418420	0.38	0.5	0.66		0.71	0.23	0.77	0.04	418420
137080	-0.09	0.03	0.72	0.71		0.63	0.22	0.37	137080
061040	-0.68	-0.13	0.73	0.23	0.63		0.08	0.36	061040
251630	0.39	0.62	0.49	0.77	0.22	0.08		-0.29	251630
171120	-0.32	0.06	0.26	0.04	0.37	0.36	-0.29		171120
	166090	089030	048430	418420	137080	061040	251630	171120

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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

251630	+ 0.77	418420
061040	+ 0.73	048430
137080	+ 0.72	048430
137080	+ 0.71	418420
418420	+ 0.66	048430
061040	+ 0.63	137080

High negative correlations

061040	- 0.68	166090
171120	- 0.32	166090
171120	- 0.29	251630
048430	- 0.19	166090
061040	- 0.13	089030
137080	- 0.09	166090

Risk-Adjusted Indicators

There is a big difference between Neo Stock performing well and Neo Cremar 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 Neo Cremar'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
166090	2.36	(0.19)	0.00	0.43	0.00	0.00	4.56	(4.40)	12.51
089030	3.96	0.51	0.10	(0.61)	4.49	(4.00)	8.61	(6.85)	20.91
048430	1.75	0.32	0.14	(0.76)	1.71	(2.23)	4.06	(3.04)	20.29
418420	2.97	(0.10)	0.00	0.20	0.00	0.00	7.02	(5.24)	14.46
137080	3.09	(0.09)	0.00	(3.74)	0.00	0.00	5.57	(5.41)	20.25
061040	1.78	0.24	0.11	0.75	1.84	(2.21)	5.06	(3.62)	13.18
251630	2.58	0.06	0.01	(2.07)	3.07	(2.82)	5.64	(4.84)	17.52
171120	2.69	0.37	0.10	0.73	3.35	(3.44)	8.03	(6.44)	22.30

Be your own money manager

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