Organic Tea Correlations

Summary

900300 Stock

509.00 2.00 0.39%

The correlation of Organic Tea 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.

Organic Tea Correlation With Market

Average diversification

The correlation between Organic Tea Cosmetics and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Organic Tea Cosmetics and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Organic Stock

0.65	078160	MEDIPOST	Pair Corr
0.81	035900	JYP Entertainment Corp	Pair Corr
0.71	402030	Konan Technology	Pair Corr
0.81	035900	JYP Entertainment	Pair Corr
0.65	006040	Dongwon Ind	Pair Corr

Moving against Organic Stock

0.68	147760	Microfriend	Pair Corr
0.67	033240	Jahwa Electron	Pair Corr
0.56	051915	LG Chem	Pair Corr
0.54	051910	LG Chemicals	Pair Corr
0.54	006400	Samsung SDI	Pair Corr
0.53	302430	Innometry	Pair Corr
0.52	053080	Wonbang Tech	Pair Corr
0.42	373220	LG Energy Solution Earnings Call This Week	Pair Corr
0.41	293780	AptaBio Therapeutics	Pair Corr
0.33	005935	Samsung Electronics	Pair Corr
0.33	000660	SK Hynix Earnings Call This Week	Pair Corr

Related Correlations Analysis

	071055	019570	133820	309960	900310	025890	025550
071055		-0.36	0.4	-0.33	-0.24	0.19	0.24	071055
019570	-0.36		-0.53	0.88	0.58	0.23	-0.68	019570
133820	0.4	-0.53		-0.26	-0.53	0.1	0.08	133820
309960	-0.33	0.88	-0.26		0.41	0.28	-0.88	309960
900310	-0.24	0.58	-0.53	0.41		-0.02	-0.16	900310
025890	0.19	0.23	0.1	0.28	-0.02		-0.15	025890
025550	0.24	-0.68	0.08	-0.88	-0.16	-0.15		025550
	071055	019570	133820	309960	900310	025890	025550

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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

309960	+ 0.88	019570
900310	+ 0.58	019570
900310	+ 0.41	309960
133820	+ 0.4	071055
025890	+ 0.28	309960
025550	+ 0.24	071055

High negative correlations

025550	- 0.88	309960
025550	- 0.68	019570
900310	- 0.53	133820
133820	- 0.53	019570
019570	- 0.36	071055
309960	- 0.33	071055

Risk-Adjusted Indicators

There is a big difference between Organic Stock performing well and Organic Tea 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 Organic Tea'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
071055	1.05	0.06	0.03	0.19	1.45	(1.07)	1.87	(2.44)	8.96
019570	2.75	(0.48)	0.00	(0.85)	0.00	0.00	7.18	(7.14)	19.12
133820	2.20	0.17	0.07	0.24	2.31	(2.79)	3.59	(4.37)	25.82
309960	1.49	(0.35)	0.00	(1.15)	0.00	0.00	2.96	(4.47)	11.56
900310	2.06	0.06	0.02	0.44	2.57	(2.13)	3.94	(4.73)	9.99
025890	2.04	0.01	0.00	0.04	3.12	(2.43)	5.79	(4.87)	39.28
025550	2.94	0.84	0.22	3.40	2.97	(3.71)	9.18	(5.91)	27.64

Be your own money manager

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