Lotte Reit Correlations
| 330590 Stock | 3,045 35.00 1.14% |
The current 90-days correlation between Lotte Reit and Hyundai Home Shopping is 0.11 (i.e., Average diversification). The correlation of Lotte Reit 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 |
The ability to find closely correlated positions to Lotte Reit 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 Reit 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 Reit - 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 Reit Co to buy it.
Moving together with Lotte Stock
Related Correlations Analysis
| 0.53 | 0.63 | 0.72 | 0.83 | 0.77 | 057050 | ||
| 0.53 | 0.44 | 0.58 | 0.57 | 0.56 | 327260 | ||
| 0.63 | 0.44 | 0.81 | 0.69 | 0.82 | 131400 | ||
| 0.72 | 0.58 | 0.81 | 0.9 | 0.97 | 360070 | ||
| 0.83 | 0.57 | 0.69 | 0.9 | 0.92 | 298050 | ||
| 0.77 | 0.56 | 0.82 | 0.97 | 0.92 | 281740 | ||
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Risk-Adjusted Indicators
There is a big difference between Lotte Stock performing well and Lotte Reit 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 Reit'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 057050 | 0.86 | (0.09) | 0.00 | 0.82 | 0.00 | 1.82 | 6.00 | |||
| 327260 | 2.03 | (0.41) | 0.00 | 0.97 | 0.00 | 4.61 | 21.31 | |||
| 131400 | 3.01 | (0.30) | 0.00 | 0.60 | 0.00 | 11.39 | 19.08 | |||
| 360070 | 2.27 | (0.55) | 0.00 | 9.79 | 0.00 | 4.77 | 14.85 | |||
| 298050 | 2.04 | (0.74) | 0.00 | 3.10 | 0.00 | 3.20 | 14.93 | |||
| 281740 | 2.24 | (0.60) | 0.00 | 25.26 | 0.00 | 3.70 | 13.21 |
Lotte Reit Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lotte Reit stock to make a market-neutral strategy. Peer analysis of Lotte Reit could also be used in its relative valuation, which is a method of valuing Lotte Reit by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |