MohenzCoLtd Correlations

006920 Stock

KRW 3,360 5.00 0.15%

The current 90-days correlation between MohenzCoLtd and Aprogen Healthcare Games is 0.09 (i.e., Significant diversification). The correlation of MohenzCoLtd 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.

MohenzCoLtd Correlation With Market

Significant diversification

The correlation between MohenzCoLtd and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MohenzCoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MohenzCoLtd Stock

0.75

086520

Ecopro

Pair Corr

Moving against MohenzCoLtd Stock

0.69	105560	KB Financial Group Earnings Call This Week	Pair Corr
0.63	009830	Hanwha Solutions	Pair Corr
0.61	001230	Dongkuk Steel Mill	Pair Corr
0.58	005385	Hyundai Motor Earnings Call This Week	Pair Corr
0.57	055550	Shinhan Financial Earnings Call This Week	Pair Corr
0.55	000660	SK Hynix Earnings Call This Week	Pair Corr
0.54	005387	Hyundai Motor Earnings Call This Week	Pair Corr
0.5	004020	Hyundai Steel Earnings Call This Week	Pair Corr
0.49	001430	SeAH Bestee	Pair Corr
0.43	005380	Hyundai Motor Earnings Call This Week	Pair Corr
0.42	066570	LG Electronics Earnings Call This Week	Pair Corr
0.37	005930	Samsung Electronics	Pair Corr
0.32	005935	Samsung Electronics	Pair Corr

Related Correlations Analysis

	272450	109960	020150	047400	298050	336370	089470	298690
272450		-0.62	0.13	-0.66	0.75	0.47	0.71	0.95	272450
109960	-0.62		0.25	0.91	-0.74	-0.19	-0.71	-0.65	109960
020150	0.13	0.25		0.16	0.12	0.62	0.29	0.11	020150
047400	-0.66	0.91	0.16		-0.85	-0.18	-0.8	-0.72	047400
298050	0.75	-0.74	0.12	-0.85		0.29	0.81	0.78	298050
336370	0.47	-0.19	0.62	-0.18	0.29		0.44	0.44	336370
089470	0.71	-0.71	0.29	-0.8	0.81	0.44		0.74	089470
298690	0.95	-0.65	0.11	-0.72	0.78	0.44	0.74		298690
	272450	109960	020150	047400	298050	336370	089470	298690

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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

298690	+ 0.95	272450
047400	+ 0.91	109960
089470	+ 0.81	298050
298690	+ 0.78	298050
298050	+ 0.75	272450
298690	+ 0.74	089470

High negative correlations

298050	- 0.85	047400
089470	- 0.8	047400
298050	- 0.74	109960
298690	- 0.72	047400
089470	- 0.71	109960
047400	- 0.66	272450

Risk-Adjusted Indicators

There is a big difference between MohenzCoLtd Stock performing well and MohenzCoLtd 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 MohenzCoLtd'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
272450	1.30	0.17	0.00	(0.50)	1.61	(1.30)	2.17	(2.65)	10.32
109960	1.93	(0.03)	0.00	0.20	0.00	0.00	3.77	(5.33)	17.07
020150	1.78	0.15	(0.01)	(0.36)	2.02	(2.07)	4.19	(3.48)	15.37
047400	1.32	(0.21)	0.00	0.61	0.00	0.00	2.54	(2.75)	11.23
298050	1.68	0.27	0.07	14.98	1.81	(1.97)	3.55	(2.97)	13.01
336370	2.36	0.27	0.04	(0.67)	2.34	(2.83)	6.69	(4.18)	18.02
089470	0.76	0.27	0.17	1.65	0.45	(1.01)	1.95	(1.73)	5.90
298690	1.35	0.17	0.01	(0.91)	1.48	(1.47)	2.59	(2.33)	10.84

Be your own money manager

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