MS Autotech Correlations
| 123040 Stock | KRW 4,570 45.00 0.98% |
The correlation of MS Autotech 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MS Autotech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MS Autotech CoLtd moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between MS Autotech CoLtd and NYA is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MS Autotech CoLtd and NYA in the same portfolio, assuming nothing else is changed.
123040 |
The ability to find closely correlated positions to MS Autotech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MS Autotech 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 MS Autotech - 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 MS Autotech CoLtd to buy it.
Moving together with 123040 Stock
Moving against 123040 Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in MS Autotech 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?
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MS Autotech Corporate Directors
MS Autotech corporate directors refer to members of a MS Autotech board of directors. The board of directors generally takes responsibility for the MS Autotech's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of MS Autotech's board members must vote for the resolution. The MS Autotech board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Already Invested in MS Autotech CoLtd?
The danger of trading MS Autotech CoLtd is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of MS Autotech is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than MS Autotech. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile MS Autotech CoLtd is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in MS Autotech CoLtd. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the MS Autotech CoLtd information on this page should be used as a complementary analysis to other MS Autotech's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for 123040 Stock analysis
When running MS Autotech's price analysis, check to measure MS Autotech's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy MS Autotech is operating at the current time. Most of MS Autotech's value examination focuses on studying past and present price action to predict the probability of MS Autotech's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move MS Autotech's price. Additionally, you may evaluate how the addition of MS Autotech to your portfolios can decrease your overall portfolio volatility.
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