Samsung Electronics Correlations

SSU Stock

952.00 8.00 0.85%

The current 90-days correlation between Samsung Electronics and Ryanair Holdings plc is 0.05 (i.e., Significant 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Samsung Electronics Correlation With Market

Significant diversification

The correlation between Samsung Electronics Co and DJI is 0.05 (i.e., Significant 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

0.83	TG4	Oxurion NV	Pair Corr
0.68	BUU	DevEx Resources	Pair Corr

Moving against Samsung Stock

0.74	MSF	Microsoft	Pair Corr
0.73	MSF	Microsoft	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.72	MSF	Microsoft	Pair Corr
0.62	APC	Apple Inc	Pair Corr
0.62	APC	Apple Inc	Pair Corr
0.61	APC	Apple Inc	Pair Corr
0.61	APC	Apple Inc	Pair Corr
0.59	APC	Apple Inc	Pair Corr
0.59	APC	Apple Inc	Pair Corr
0.55	DBPE	Xtrackers LevDAX	Pair Corr
0.32	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	RY4C	BJI	4GC	WI20	PUP0	ISW	PNT
RY4C		0.36	-0.41	0.61	0.54	-0.79	0.93	RY4C
BJI	0.36		-0.49	0.36	0.33	-0.43	0.4	BJI
4GC	-0.41	-0.49		-0.2	0.09	0.45	-0.3	4GC
WI20	0.61	0.36	-0.2		0.24	-0.46	0.6	WI20
PUP0	0.54	0.33	0.09	0.24		-0.58	0.61	PUP0
ISW	-0.79	-0.43	0.45	-0.46	-0.58		-0.79	ISW
PNT	0.93	0.4	-0.3	0.6	0.61	-0.79		PNT
	RY4C	BJI	4GC	WI20	PUP0	ISW	PNT

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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

PNT	+ 0.93	RY4C
WI20	+ 0.61	RY4C
PNT	+ 0.61	PUP0
PNT	+ 0.6	WI20
PUP0	+ 0.54	RY4C
ISW	+ 0.45	4GC

High negative correlations

PNT	- 0.79	ISW
ISW	- 0.79	RY4C
ISW	- 0.58	PUP0
4GC	- 0.49	BJI
ISW	- 0.46	WI20
ISW	- 0.43	BJI

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
RY4C	1.30	0.27	0.12	2.96	1.11	(1.62)	3.62	(2.26)	9.27
BJI	1.89	0.00	0.00	0.13	0.00	0.00	6.25	(5.88)	21.11
4GC	1.21	(0.02)	(0.01)	0.10	1.66	(1.15)	2.24	(3.25)	10.53
WI20	2.63	0.13	0.00	(1.30)	2.72	(3.46)	7.14	(5.41)	18.74
PUP0	0.82	0.00	(0.04)	0.13	0.87	(1.05)	1.84	(1.79)	5.42
ISW	1.46	(0.08)	0.00	(0.31)	0.00	0.00	4.05	(3.39)	13.83
PNT	1.03	0.37	0.32	0.74	0.52	(1.32)	2.79	(1.38)	6.07

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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