Dongsin Engineering Correlations

025950 Stock

KRW 21,600 350.00 1.65%

The current 90-days correlation between Dongsin Engineering and MS Autotech CoLtd is 0.07 (i.e., Significant diversification). The correlation of Dongsin Engineering 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.

Dongsin Engineering Correlation With Market

Significant diversification

The correlation between Dongsin Engineering Constructi and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dongsin Engineering Constructi and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Dongsin Stock

0.77	215480	Daewoo SBI SPAC	Pair Corr
0.94	050960	SOOSAN INT	Pair Corr
0.71	106240	Finetechnix CoLtd	Pair Corr

Moving against Dongsin Stock

0.9	336260	Doosan Fuel Cell Earnings Call This Week	Pair Corr
0.84	009140	KyungIn Electronics	Pair Corr
0.76	241840	ASTORY CoLtd	Pair Corr
0.61	187870	DeviceENGCOLtd	Pair Corr
0.56	293780	AptaBio Therapeutics	Pair Corr
0.44	217270	Daishin Balance 1	Pair Corr

Related Correlations Analysis

	123040	137080	026890	083500	032560	065350	080470	418420
123040		-0.09	0.74	0.73	0.79	0.76	0.49	0.66	123040
137080	-0.09		-0.4	-0.08	-0.41	-0.26	-0.47	-0.35	137080
026890	0.74	-0.4		0.65	0.77	0.59	0.69	0.69	026890
083500	0.73	-0.08	0.65		0.59	0.39	0.42	0.61	083500
032560	0.79	-0.41	0.77	0.59		0.71	0.88	0.89	032560
065350	0.76	-0.26	0.59	0.39	0.71		0.5	0.58	065350
080470	0.49	-0.47	0.69	0.42	0.88	0.5		0.8	080470
418420	0.66	-0.35	0.69	0.61	0.89	0.58	0.8		418420
	123040	137080	026890	083500	032560	065350	080470	418420

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

418420	+ 0.89	032560
080470	+ 0.88	032560
418420	+ 0.8	080470
032560	+ 0.79	123040
032560	+ 0.77	026890
065350	+ 0.76	123040

High negative correlations

080470	- 0.47	137080
032560	- 0.41	137080
026890	- 0.4	137080
418420	- 0.35	137080
065350	- 0.26	137080
137080	- 0.09	123040

Risk-Adjusted Indicators

There is a big difference between Dongsin Stock performing well and Dongsin Engineering 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 Dongsin Engineering'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
123040	1.87	0.42	0.15	2.11	1.60	(2.43)	3.80	(2.99)	23.07
137080	1.95	0.49	0.17	(6.46)	1.67	(2.39)	3.44	(3.62)	9.04
026890	2.41	0.05	(0.01)	0.27	2.53	(2.85)	6.04	(4.00)	15.43
083500	2.28	0.73	0.21	(1.89)	2.12	(2.68)	7.79	(3.70)	13.68
032560	0.86	0.26	0.13	(5.96)	0.65	(1.02)	2.31	(1.63)	4.95
065350	2.51	0.29	0.05	(5.25)	2.49	(3.15)	6.64	(4.30)	28.80
080470	2.00	0.29	0.09	0.75	2.01	(2.39)	5.80	(4.17)	15.69
418420	3.32	1.09	0.29	(0.75)	2.28	(4.52)	11.11	(4.67)	23.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in Dongsin Engineering 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.

Did you try this?

Run Portfolio Dashboard Now

Portfolio Dashboard

Portfolio dashboard that provides centralized access to all your investments

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC