Kia Corp Correlations

000270 Stock   99,300  500.00  0.50%   
The current 90-days correlation between Kia Corp and Dongbu Insurance Co is 0.47 (i.e., Very weak diversification). The correlation of Kia Corp 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.

Kia Corp Correlation With Market

Average diversification

The correlation between Kia Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kia Corp and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Kia Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kia Corp 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 Kia Corp - 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 Kia Corp to buy it.

Moving together with Kia Stock

  0.9336260 Doosan Fuel Cell Earnings Call This WeekPairCorr
  0.66187870 DeviceENGCOLtdPairCorr

Moving against Kia Stock

  0.89025950 Dongsin EngineeringPairCorr
  0.76050960 SOOSAN INTPairCorr
  0.59215480 Daewoo SBI SPACPairCorr
  0.53106240 Finetechnix CoLtdPairCorr

Related Correlations Analysis

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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   
139130005830
016610005830
016610139130
005300005830
139130005300
323410005830
  
High negative correlations   
000890005300
000890139130
000890005830
323410000890
016610000890

Risk-Adjusted Indicators

There is a big difference between Kia Stock performing well and Kia Corp 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 Kia Corp'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kia Corp 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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Kia Corp Corporate Management

Elected by the shareholders, the Kia Corp's board of directors comprises two types of representatives: Kia Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kia. The board's role is to monitor Kia Corp's management team and ensure that shareholders' interests are well served. Kia Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kia Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
YongWon ChoManaging DirectorProfile
WooYeol ParkManaging DirectorProfile
ChunGwan SeoManaging DirectorProfile
JaeRok LeeSr DivisionProfile
HyeokHo KwonManaging DirectorProfile
HunHo KimManaging DirectorProfile
ChunSoo HanEx CFOProfile