Samsung Electronics Correlations

SSNLF Stock

USD 40.60 0.00 0.00%

The current 90-days correlation between Samsung Electronics and Universal Electronics is -0.14 (i.e., Good diversification). The correlation of Samsung Electronics 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.

Samsung Electronics Correlation With Market

Good diversification

The correlation between Samsung Electronics 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 Samsung Electronics Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Samsung Pink Sheet

0.79	NVDA	NVIDIA	Pair Corr
0.63	GOOG	Alphabet Class C	Pair Corr
0.64	BMYMP	Bristol Myers Squibb	Pair Corr
0.8	META	Meta Platforms	Pair Corr
0.86	PTAIF	PT Astra International	Pair Corr
0.71	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr
0.74	WMT	Walmart Aggressive Push	Pair Corr
0.67	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.68	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.79	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.8	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.66	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.8	HD	Home Depot	Pair Corr

Moving against Samsung Pink Sheet

0.77	BKRKY	Bank Rakyat	Pair Corr
0.71	BKRKF	PT Bank Rakyat	Pair Corr
0.71	TLK	Telkom Indonesia Tbk	Pair Corr
0.66	PPERF	Bank Mandiri Persero	Pair Corr
0.66	PPERY	Bank Mandiri Persero	Pair Corr
0.31	PTAIY	Astra International Tbk	Pair Corr
0.81	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.58	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.44	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	UEIC	VZIO	VOXX	SONY	TCLHF	SHCAY	SNEJF	AAPL	XIACY	LPL
UEIC		0.06	-0.06	0.41	-0.15	-0.18	0.1	-0.11	0.38	-0.48	UEIC
VZIO	0.06		0.29	0.22	0.15	-0.13	0.01	0.06	0.22	-0.12	VZIO
VOXX	-0.06	0.29		-0.29	0.63	-0.33	-0.18	0.32	0.67	-0.54	VOXX
SONY	0.41	0.22	-0.29		-0.28	0.11	0.33	-0.04	-0.18	0.26	SONY
TCLHF	-0.15	0.15	0.63	-0.28		-0.53	-0.36	0.2	0.63	-0.37	TCLHF
SHCAY	-0.18	-0.13	-0.33	0.11	-0.53		0.16	0.25	-0.41	0.36	SHCAY
SNEJF	0.1	0.01	-0.18	0.33	-0.36	0.16		-0.2	-0.35	0.25	SNEJF
AAPL	-0.11	0.06	0.32	-0.04	0.2	0.25	-0.2		0.29	0.01	AAPL
XIACY	0.38	0.22	0.67	-0.18	0.63	-0.41	-0.35	0.29		-0.77	XIACY
LPL	-0.48	-0.12	-0.54	0.26	-0.37	0.36	0.25	0.01	-0.77		LPL
	UEIC	VZIO	VOXX	SONY	TCLHF	SHCAY	SNEJF	AAPL	XIACY	LPL

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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

XIACY	+ 0.67	VOXX
TCLHF	+ 0.63	VOXX
XIACY	+ 0.63	TCLHF
SONY	+ 0.41	UEIC
XIACY	+ 0.38	UEIC
LPL	+ 0.36	SHCAY

High negative correlations

LPL	- 0.77	XIACY
LPL	- 0.54	VOXX
SHCAY	- 0.53	TCLHF
LPL	- 0.48	UEIC
XIACY	- 0.41	SHCAY
LPL	- 0.37	TCLHF

Risk-Adjusted Indicators

There is a big difference between Samsung Pink Sheet performing well and Samsung Electronics 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 Samsung Electronics' 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
UEIC	2.77	0.49	0.15	0.91	2.57	(3.29)	6.35	(4.88)	34.44
VZIO	0.36	0.01	(0.16)	0.20	0.38	(0.40)	0.90	(0.62)	2.14
VOXX	4.24	1.54	0.59	2.59	1.87	(6.34)	11.92	(4.56)	74.27
SONY	1.29	0.03	0.00	0.12	1.62	(1.35)	2.76	(2.53)	12.94
TCLHF	2.68	0.24	0.02	1.00	3.55	(7.06)	11.27	(8.57)	31.89
SHCAY	3.77	0.08	0.00	0.90	4.59	(4.71)	8.82	(7.36)	24.59
SNEJF	47.24	19.12	0.62	1.53	20.55	(69.21)	409.84	(79.88)	491.12
AAPL	0.90	(0.02)	(0.05)	0.03	1.25	(0.90)	1.84	(2.25)	6.62
XIACY	2.35	0.80	0.23	(1.02)	2.40	(2.77)	6.38	(3.48)	17.84
LPL	1.78	(0.32)	0.00	(0.30)	0.00	0.00	2.70	(3.74)	11.40

Be your own money manager

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