WEBTOON Entertainment Correlations

WBTN Stock

11.81 0.15 1.25%

The current 90-days correlation between WEBTOON Entertainment and Integral Ad Science is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WEBTOON Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WEBTOON Entertainment Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

WEBTOON Entertainment Correlation With Market

Weak diversification

The correlation between WEBTOON Entertainment Common and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WEBTOON Entertainment Common and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WEBTOON Entertainment Common. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with WEBTOON Stock

0.87

EGAN

eGain

Pair Corr

Moving against WEBTOON Stock

0.77	QH	Quhuo	Pair Corr
0.52	DT	Dynatrace Holdings LLC	Pair Corr
0.49	U	Unity Software Aggressive Push	Pair Corr
0.36	BL	Blackline	Pair Corr
0.35	AZ	A2Z Smart Technologies	Pair Corr
0.33	DOCU	DocuSign	Pair Corr
0.31	ZI	ZoomInfo Technologies	Pair Corr
0.59	DUOL	Duolingo	Pair Corr
0.59	WALD	Waldencast Acquisition	Pair Corr
0.46	ENFN	Enfusion	Pair Corr
0.37	DUOT	Duos Technologies Downward Rally	Pair Corr

Related Correlations Analysis

	IAS	BOSC	NCMI	JDDSF	PLTK	FLNT	MCHX	STGW
IAS		0.0	0.21	0.38	0.27	-0.11	0.08	0.05	IAS
BOSC	0.0		-0.05	0.16	0.73	0.31	-0.18	0.34	BOSC
NCMI	0.21	-0.05		0.21	-0.02	0.25	-0.05	-0.5	NCMI
JDDSF	0.38	0.16	0.21		0.42	0.12	-0.36	-0.25	JDDSF
PLTK	0.27	0.73	-0.02	0.42		0.36	-0.44	0.49	PLTK
FLNT	-0.11	0.31	0.25	0.12	0.36		-0.09	-0.06	FLNT
MCHX	0.08	-0.18	-0.05	-0.36	-0.44	-0.09		0.08	MCHX
STGW	0.05	0.34	-0.5	-0.25	0.49	-0.06	0.08		STGW
	IAS	BOSC	NCMI	JDDSF	PLTK	FLNT	MCHX	STGW

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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

PLTK	+ 0.73	BOSC
STGW	+ 0.49	PLTK
PLTK	+ 0.42	JDDSF
JDDSF	+ 0.38	IAS
FLNT	+ 0.36	PLTK
STGW	+ 0.34	BOSC

High negative correlations

STGW	- 0.5	NCMI
MCHX	- 0.44	PLTK
MCHX	- 0.36	JDDSF
STGW	- 0.25	JDDSF
MCHX	- 0.18	BOSC
FLNT	- 0.11	IAS

Risk-Adjusted Indicators

There is a big difference between WEBTOON Stock performing well and WEBTOON Entertainment 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 WEBTOON Entertainment'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
IAS	1.60	(0.12)	0.00	(0.04)	0.00	0.00	3.45	(2.41)	23.54
BOSC	1.23	0.21	0.07	(3.12)	1.36	(1.52)	2.55	(2.37)	6.70
NCMI	1.54	0.01	0.00	0.06	0.00	0.00	3.49	(2.77)	14.85
JDDSF	0.54	(0.13)	0.00	(0.37)	0.00	0.00	0.00	0.00	29.30
PLTK	1.27	0.18	0.12	0.26	1.15	(1.53)	3.08	(2.19)	9.23
FLNT	3.62	0.22	0.03	(15.17)	3.88	(4.08)	8.58	(6.28)	22.85
MCHX	2.37	(0.30)	0.00	(1.34)	0.00	0.00	5.85	(5.29)	16.97
STGW	1.91	0.05	0.05	0.11	2.13	(2.13)	3.76	(3.72)	9.83

WEBTOON Entertainment Corporate Management

Yuki Chae	Head Services	Profile
Chankyu Park	Chief Officer	Profile
Maximilian Jo	General Secretary	Profile
Hyojung Kim	Chief Officer	Profile

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