POSCO Holdings Correlations

Stocks . USA . 
Stock . POSCO Holdings
PKX Stock  USD 54.25  0.15  0.28%   
The current 90-days correlation between POSCO Holdings and Fortitude Gold Corp is -0.01 (i.e., Good diversification). The correlation of POSCO Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

POSCO Holdings Correlation With Market

Average diversification

The correlation between POSCO Holdings and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding POSCO Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in POSCO Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in industry.
For more information on how to buy POSCO Stock please use our How to Invest in POSCO Holdings guide.

Moving together with POSCO Stock

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Moving against POSCO Stock

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Related Correlations Analysis

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