Cube Entertainment Correlations

182360 Stock

KRW 17,000 510.00 3.09%

The current 90-days correlation between Cube Entertainment and Handok Clean Tech is 0.17 (i.e., Average diversification). The correlation of Cube Entertainment 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.

Cube Entertainment Correlation With Market

Good diversification

The correlation between Cube Entertainment and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cube Entertainment and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Cube Stock

0.68

237820

PlayD

Pair Corr

Moving against Cube Stock

0.63	055550	Shinhan Financial Earnings Call Today	Pair Corr
0.62	086790	Hana Financial Earnings Call Tomorrow	Pair Corr
0.62	005830	Dongbu Insurance	Pair Corr
0.61	316140	Woori Financial Group Earnings Call Today	Pair Corr
0.6	024110	Industrial Bank Earnings Call Today	Pair Corr
0.58	105560	KB Financial Group Earnings Call Today	Pair Corr
0.56	032830	Samsung Life	Pair Corr
0.55	005935	Samsung Electronics Earnings Call This Week	Pair Corr
0.55	005930	Samsung Electronics Earnings Call This Week	Pair Corr
0.42	005380	Hyundai Motor Earnings Call Today	Pair Corr
0.37	241840	ASTORY CoLtd	Pair Corr

Related Correlations Analysis

	007690	256150	036120	032830	033050	011780	003830	263800
007690		0.66	0.29	0.8	0.78	0.7	0.62	0.56	007690
256150	0.66		0.37	0.74	0.71	0.34	0.78	0.45	256150
036120	0.29	0.37		0.55	0.46	0.3	0.56	0.45	036120
032830	0.8	0.74	0.55		0.88	0.41	0.92	0.75	032830
033050	0.78	0.71	0.46	0.88		0.5	0.79	0.77	033050
011780	0.7	0.34	0.3	0.41	0.5		0.25	0.19	011780
003830	0.62	0.78	0.56	0.92	0.79	0.25		0.62	003830
263800	0.56	0.45	0.45	0.75	0.77	0.19	0.62		263800
	007690	256150	036120	032830	033050	011780	003830	263800

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Risk-Adjusted Indicators

There is a big difference between Cube Stock performing well and Cube Entertainment 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 Cube Entertainment'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
007690	1.37	0.46	0.31	2.02	0.46	(1.97)	4.57	(1.67)	8.54
256150	0.55	0.04	(0.16)	0.59	0.72	(0.61)	1.15	(1.32)	3.95
036120	1.57	(0.02)	(0.10)	0.00	1.88	(2.08)	4.80	(3.35)	13.90
032830	2.02	0.77	0.29	(14.00)	1.34	(2.48)	6.91	(2.71)	15.35
033050	1.01	0.09	(0.05)	0.71	1.33	(1.03)	2.36	(2.07)	6.24
011780	1.71	0.11	(0.02)	0.68	2.17	(1.98)	3.85	(2.71)	16.41
003830	1.31	0.40	0.07	(1.34)	1.36	(1.43)	4.15	(2.84)	13.20
263800	2.10	0.31	0.01	(0.69)	2.26	(2.48)	4.29	(3.45)	23.63

Be your own money manager

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