AFW Correlations

312610 Stock

1,360 6.00 0.44%

The current 90-days correlation between AFW Co and Incar Financial Service is 0.16 (i.e., Average diversification). The correlation of AFW 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.

AFW Correlation With Market

Modest diversification

The correlation between AFW Co and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AFW Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AFW Stock

0.78	005935	Samsung Electronics	Pair Corr
0.81	005930	Samsung Electronics	Pair Corr
0.86	006400	Samsung SDI	Pair Corr
0.63	005387	Hyundai Motor	Pair Corr
0.71	005385	Hyundai Motor	Pair Corr
0.81	293780	AptaBio Therapeutics	Pair Corr
0.96	215480	Daewoo SBI SPAC	Pair Corr
0.93	302430	Innometry	Pair Corr
0.95	033240	Jahwa Electron	Pair Corr
0.84	053080	Wonbang Tech	Pair Corr

Moving against AFW Stock

0.47

203650

Dream Security co

Pair Corr

Related Correlations Analysis

	211050	084370	323410	094940	351320	142280	083450	005830
211050		-0.43	0.19	-0.31	-0.5	-0.42	-0.21	-0.59	211050
084370	-0.43		0.25	0.45	0.04	0.83	0.65	0.69	084370
323410	0.19	0.25		0.47	0.09	0.39	0.51	0.26	323410
094940	-0.31	0.45	0.47		0.34	0.44	0.51	0.43	094940
351320	-0.5	0.04	0.09	0.34		0.11	0.2	0.15	351320
142280	-0.42	0.83	0.39	0.44	0.11		0.57	0.68	142280
083450	-0.21	0.65	0.51	0.51	0.2	0.57		0.43	083450
005830	-0.59	0.69	0.26	0.43	0.15	0.68	0.43		005830
	211050	084370	323410	094940	351320	142280	083450	005830

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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

142280	+ 0.83	084370
005830	+ 0.69	084370
005830	+ 0.68	142280
083450	+ 0.65	084370
083450	+ 0.57	142280
083450	+ 0.51	323410

High negative correlations

005830	- 0.59	211050
351320	- 0.5	211050
084370	- 0.43	211050
142280	- 0.42	211050
094940	- 0.31	211050
083450	- 0.21	211050

Risk-Adjusted Indicators

There is a big difference between AFW Stock performing well and AFW 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 AFW'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
211050	2.21	0.42	0.14	(8.66)	1.71	(3.21)	5.49	(3.43)	16.74
084370	2.43	(0.67)	0.00	(0.65)	0.00	0.00	4.92	(5.01)	16.94
323410	1.42	0.03	(0.04)	0.29	1.82	(1.67)	3.45	(3.12)	9.01
094940	1.46	0.01	(0.05)	0.23	1.79	(1.89)	3.43	(2.71)	17.99
351320	1.96	0.03	(0.03)	0.42	2.38	(2.29)	5.08	(4.47)	16.28
142280	1.90	(0.57)	0.00	4.25	0.00	0.00	3.79	(5.43)	12.65
083450	2.59	(0.28)	0.00	(0.62)	0.00	0.00	6.14	(5.05)	14.90
005830	2.08	(0.11)	0.00	1.08	0.00	0.00	3.27	(4.76)	10.66

Be your own money manager

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