SeAH Bestee Correlations

001430 Stock

34,250 100.00 0.29%

The current 90-days correlation between SeAH Bestee and Dongkuk Steel Mill is -0.03 (i.e., Good diversification). The correlation of SeAH Bestee 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.

SeAH Bestee Correlation With Market

Significant diversification

The correlation between SeAH Bestee and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SeAH Bestee and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SeAH Stock

0.73	051910	LG Chemicals	Pair Corr
0.84	005490	POSCO Holdings Earnings Call This Week	Pair Corr
0.95	004020	Hyundai Steel Earnings Call Today	Pair Corr
0.89	001230	Dongkuk Steel Mill	Pair Corr
0.69	006650	Korea Petro Chemical Earnings Call This Week	Pair Corr
0.91	005930	Samsung Electronics Earnings Call This Week	Pair Corr
0.92	005935	Samsung Electronics Earnings Call This Week	Pair Corr
0.87	005385	Hyundai Motor	Pair Corr
0.9	005387	Hyundai Motor	Pair Corr
0.89	005380	Hyundai Motor Earnings Call Today	Pair Corr
0.95	024110	Industrial Bank Earnings Call Today	Pair Corr
0.94	055550	Shinhan Financial Earnings Call Today	Pair Corr
0.91	105560	KB Financial Group Earnings Call Today	Pair Corr
0.95	000660	SK Hynix	Pair Corr

Related Correlations Analysis

	051910	005490	009830	011170	004020	086520	001230	006650	003030	001430
051910		0.96	0.31	0.79	0.78	0.49	0.6	0.96	-0.03	0.73	051910
005490	0.96		0.46	0.84	0.9	0.35	0.75	0.94	-0.05	0.84	005490
009830	0.31	0.46		0.36	0.6	-0.14	0.62	0.33	-0.33	0.53	009830
011170	0.79	0.84	0.36		0.73	0.44	0.61	0.81	0.03	0.6	011170
004020	0.78	0.9	0.6	0.73		0.02	0.92	0.76	-0.17	0.95	004020
086520	0.49	0.35	-0.14	0.44	0.02		-0.18	0.46	0.03	0.01	086520
001230	0.6	0.75	0.62	0.61	0.92	-0.18		0.6	-0.19	0.89	001230
006650	0.96	0.94	0.33	0.81	0.76	0.46	0.6		0.01	0.69	006650
003030	-0.03	-0.05	-0.33	0.03	-0.17	0.03	-0.19	0.01		-0.27	003030
001430	0.73	0.84	0.53	0.6	0.95	0.01	0.89	0.69	-0.27		001430
	051910	005490	009830	011170	004020	086520	001230	006650	003030	001430

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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

005490	+ 0.96	051910
006650	+ 0.96	051910
001430	+ 0.95	004020
006650	+ 0.94	005490
001230	+ 0.92	004020
004020	+ 0.9	005490

High negative correlations

003030	- 0.33	009830
001430	- 0.27	003030
003030	- 0.19	001230
001230	- 0.18	086520
003030	- 0.17	004020
086520	- 0.14	009830

Risk-Adjusted Indicators

There is a big difference between SeAH Stock performing well and SeAH Bestee 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 SeAH Bestee'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
051910	2.05	0.51	0.11	(1.62)	1.97	(2.38)	5.38	(3.56)	11.75
005490	1.75	0.48	0.14	(3.41)	1.34	(2.18)	5.14	(2.40)	13.16
009830	3.50	0.99	0.18	2.17	3.68	(3.75)	10.50	(6.79)	32.04
011170	2.16	0.21	0.00	(3.53)	2.49	(2.44)	6.03	(4.93)	16.29
004020	2.12	0.80	0.32	(9.94)	1.28	(2.78)	6.31	(2.66)	19.43
086520	2.28	0.09	(0.06)	(0.18)	2.61	(2.56)	5.37	(4.35)	19.19
001230	1.53	0.46	0.13	(2.08)	1.22	(1.79)	4.16	(2.40)	11.00
006650	2.06	0.39	0.05	(0.82)	1.96	(2.74)	5.71	(3.82)	14.74
003030	1.76	(0.12)	(0.08)	0.00	2.51	(1.72)	3.35	(3.69)	11.41
001430	2.31	1.20	0.43	17.10	1.45	(2.86)	7.49	(2.99)	18.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in SeAH Bestee 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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