Daewoo SBI Correlations

215480 Stock

KRW 2,380 20.00 0.83%

The correlation of Daewoo SBI 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.

Daewoo SBI Correlation With Market

Significant diversification

The correlation between Daewoo SBI SPAC 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 Daewoo SBI SPAC and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Daewoo Stock

0.76	123330	Genic	Pair Corr
0.75	006360	GS Engineering Const Earnings Call This Week	Pair Corr
0.66	015760	Korea Electric Power	Pair Corr
0.65	005090	Samkwang Glass Earnings Call Today	Pair Corr
0.63	005385	Hyundai Motor Earnings Call This Week	Pair Corr
0.61	005387	Hyundai Motor Earnings Call This Week	Pair Corr
0.6	000270	Kia Corp Earnings Call This Week	Pair Corr
0.59	078160	MEDIPOST	Pair Corr
0.55	009140	KyungIn Electronics	Pair Corr
0.52	034220	LG Display Earnings Call This Week	Pair Corr
0.51	005380	Hyundai Motor Earnings Call This Week	Pair Corr
0.51	066570	LG Electronics Earnings Call This Week	Pair Corr
0.5	123420	SundayToz Corp	Pair Corr
0.47	067000	JOYCITY	Pair Corr
0.41	089970	Adaptive Plasma Tech	Pair Corr

Related Correlations Analysis

	066670	004140	142280	034220	073490	087260	009810	286940
066670		0.66	0.48	0.83	0.77	0.6	0.66	0.72	066670
004140	0.66		0.18	0.75	0.61	0.41	0.63	0.6	004140
142280	0.48	0.18		0.3	0.32	0.51	0.57	0.31	142280
034220	0.83	0.75	0.3		0.91	0.73	0.67	0.87	034220
073490	0.77	0.61	0.32	0.91		0.78	0.65	0.91	073490
087260	0.6	0.41	0.51	0.73	0.78		0.81	0.66	087260
009810	0.66	0.63	0.57	0.67	0.65	0.81		0.61	009810
286940	0.72	0.6	0.31	0.87	0.91	0.66	0.61		286940
	066670	004140	142280	034220	073490	087260	009810	286940

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Risk-Adjusted Indicators

There is a big difference between Daewoo Stock performing well and Daewoo SBI 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 Daewoo SBI'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
066670	0.83	0.25	0.14	(4.34)	0.45	(1.06)	2.67	(1.24)	5.76
004140	2.78	0.93	0.29	(1.06)	1.85	(3.81)	8.45	(4.02)	20.24
142280	1.88	0.34	0.05	(0.39)	2.29	(2.07)	4.29	(2.76)	26.84
034220	1.30	0.23	0.06	(1.67)	1.28	(1.53)	3.71	(2.31)	7.41
073490	1.69	0.28	0.07	13.52	1.91	(1.78)	4.67	(3.06)	13.79
087260	1.09	0.09	(0.03)	(3.46)	1.23	(1.15)	2.27	(2.13)	8.68
009810	2.01	0.38	0.10	4.21	1.88	(2.58)	5.11	(3.68)	36.94
286940	1.60	0.44	0.15	(10.02)	1.41	(1.74)	2.53	(1.99)	35.36

Be your own money manager

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