Samsung Electronics Correlations

SSU Stock

EUR 920.00 26.00 2.91%

The current 90-days correlation between Samsung Electronics and MAGIC SOFTWARE ENTR is -0.04 (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 -0.01 (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 Stock

0.87	SSUN	Samsung Electronics	Pair Corr
0.88	SSUN	Samsung Electronics	Pair Corr
0.98	SSU	Samsung Electronics	Pair Corr
0.73	BYRA	BANK RAKYAT IND	Pair Corr
0.7	BYRA	PT Bank Rakyat	Pair Corr
0.69	BYRA	BANK RAKYAT IND	Pair Corr
0.67	PQ9	PT Bank Mandiri	Pair Corr
0.69	PQ9	BANK MANDIRI	Pair Corr

Moving against Samsung Stock

0.74	3CP	Xiaomi	Pair Corr
0.7	MAT1	Panasonic Corp	Pair Corr
0.69	SON1	Sony Group Corp	Pair Corr
0.65	APC	Apple Inc	Pair Corr
0.65	SONA	Sony Group	Pair Corr
0.64	APC	Apple Inc	Pair Corr
0.77	TL0	Tesla Inc Earnings Call This Week	Pair Corr
0.77	XKR	KAR Auction Services	Pair Corr
0.73	IUI1	Intuitive Surgical Earnings Call This Week	Pair Corr
0.72	MTX	MTU Aero Engines	Pair Corr
0.71	KEL	Kellogg Company	Pair Corr
0.71	RHM	Rheinmetall AG	Pair Corr
0.69	NTOA	Nintendo	Pair Corr
0.69	CAI	CDN IMPERIAL BANK	Pair Corr
0.68	LIE	SUN LIFE FINANCIAL	Pair Corr
0.67	SNQB	SANOMA Dusseldorf	Pair Corr
0.66	DDN	Darden Restaurants	Pair Corr
0.65	NY70	MOLSON RS BEVERAGE	Pair Corr
0.62	SDP	Summit Hotel Properties	Pair Corr
0.6	1FA	SPROUTS FARMERS MKT	Pair Corr
0.48	GI4	G III Apparel	Pair Corr
0.44	WR1	W R Berkley Earnings Call This Week	Pair Corr
0.76	HEI	Heidelberg Materials	Pair Corr
0.73	MEC	Meiko Electronics	Pair Corr
0.68	3RKU	RYOHIN UNSPADR/1	Pair Corr
0.65	ITB	IMPERIAL TOBACCO	Pair Corr

Related Correlations Analysis

	MGK	N4Q1	TKE	E4C	CYB	F3J	RKET	HLG
MGK		0.36	0.72	0.46	0.81	0.48	0.5	0.8	MGK
N4Q1	0.36		0.24	-0.09	0.39	0.41	0.25	0.36	N4Q1
TKE	0.72	0.24		0.5	0.81	0.69	0.3	0.6	TKE
E4C	0.46	-0.09	0.5		0.21	0.15	0.19	0.24	E4C
CYB	0.81	0.39	0.81	0.21		0.69	0.41	0.88	CYB
F3J	0.48	0.41	0.69	0.15	0.69		-0.05	0.61	F3J
RKET	0.5	0.25	0.3	0.19	0.41	-0.05		0.36	RKET
HLG	0.8	0.36	0.6	0.24	0.88	0.61	0.36		HLG
	MGK	N4Q1	TKE	E4C	CYB	F3J	RKET	HLG

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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

HLG	+ 0.88	CYB
CYB	+ 0.81	MGK
CYB	+ 0.81	TKE
HLG	+ 0.8	MGK
TKE	+ 0.72	MGK
F3J	+ 0.69	TKE

High negative correlations

E4C	- 0.09	N4Q1
RKET	- 0.05	F3J

Risk-Adjusted Indicators

There is a big difference between Samsung Stock 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
MGK	1.92	0.38	0.18	1.07	1.66	(2.65)	4.50	(2.88)	13.29
N4Q1	0.70	(0.01)	0.00	0.20	0.00	0.00	1.64	(1.61)	11.34
TKE	1.08	0.37	0.26	0.62	0.98	(1.15)	2.76	(2.15)	9.34
E4C	0.95	0.16	0.11	0.92	0.92	(1.53)	3.11	(2.34)	7.30
CYB	1.76	0.41	0.16	2.14	2.12	(1.95)	5.37	(3.00)	16.45
F3J	1.91	0.14	0.07	0.29	1.80	(3.02)	5.46	(3.81)	19.55
RKET	0.94	0.06	0.03	(0.22)	1.15	(1.48)	2.56	(2.03)	9.07
HLG	2.51	0.78	0.27	(1.38)	1.96	(3.97)	8.04	(4.58)	30.90

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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Samsung Electronics Corporate Management

Elected by the shareholders, the Samsung Electronics' board of directors comprises two types of representatives: Samsung Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Samsung. The board's role is to monitor Samsung Electronics' management team and ensure that shareholders' interests are well served. Samsung Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Samsung Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.

TaeMoon Roh	Head Pres	Profile
JongHee Han	CEO, Chairman	Profile
JaeYong Lee	Ex Chairman	Profile
JungBae Lee	Head Pres	Profile
Jaeseung Lee	President	Profile
HyunChong Kim	Pres Officer	Profile
Kyungwhoon Cheun	President	Profile

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