Microfriend Correlations
| 147760 Stock | KRW 6,530 10.00 0.15% |
The correlation of Microfriend 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 Microfriend moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microfriend 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.
Significant diversification
The correlation between Microfriend and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microfriend and NYA in the same portfolio, assuming nothing else is changed.
Microfriend |
The ability to find closely correlated positions to Microfriend could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microfriend 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 Microfriend - 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 Microfriend to buy it.
Moving against Microfriend Stock
| 0.69 | 000660 | SK Hynix | PairCorr |
| 0.68 | 064760 | Tokai Carbon Korea | PairCorr |
| 0.61 | 166090 | Hana Materials | PairCorr |
| 0.46 | 101490 | SS TECH Earnings Call Next Week | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Microfriend Stock performing well and Microfriend 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 Microfriend'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 004430 | 1.06 | (0.15) | 0.00 | 0.62 | 0.00 | 3.77 | 7.67 | |||
| 332570 | 2.14 | 0.02 | (0.01) | 0.20 | 2.40 | 5.68 | 20.99 | |||
| 215360 | 2.45 | 0.41 | 0.12 | (0.90) | 2.50 | 4.91 | 31.32 | |||
| 248170 | 0.85 | (0.06) | 0.00 | (0.10) | 0.00 | 1.62 | 4.93 | |||
| 128660 | 1.94 | 0.47 | 0.15 | (0.57) | 1.81 | 6.72 | 25.02 | |||
| 033530 | 1.43 | 0.10 | 0.04 | 0.53 | 1.44 | 3.69 | 10.92 | |||
| 023900 | 1.14 | 0.04 | 0.01 | 0.12 | 1.16 | 2.79 | 7.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Microfriend 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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Microfriend Corporate Management
Elected by the shareholders, the Microfriend's board of directors comprises two types of representatives: Microfriend inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Microfriend. The board's role is to monitor Microfriend's management team and ensure that shareholders' interests are well served. Microfriend'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, Microfriend's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Seong Kang | Assistant Managing Director | Profile | |
| Yong Cho | Managing Director | Profile | |
| Chang Han | Assistant Managing Director | Profile | |
| Cheol Hwang | Internal Auditor | Profile | |
| Jeong Nam | Director | Profile | |
| Dong Yim | Director | Profile |
Already Invested in Microfriend?
The danger of trading Microfriend 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 Microfriend 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 Microfriend. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Microfriend 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 Microfriend. 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 Microfriend information on this page should be used as a complementary analysis to other Microfriend'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 Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Microfriend Stock analysis
When running Microfriend's price analysis, check to measure Microfriend'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 Microfriend is operating at the current time. Most of Microfriend's value examination focuses on studying past and present price action to predict the probability of Microfriend's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Microfriend's price. Additionally, you may evaluate how the addition of Microfriend to your portfolios can decrease your overall portfolio volatility.
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