Lotte Non Correlations
| 000400 Stock | 3,465 60.00 1.70% |
The correlation of Lotte Non 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 Lotte Non moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lotte Non Life 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 Lotte Non Life and NYA is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotte Non Life and NYA in the same portfolio, assuming nothing else is changed.
Lotte |
The ability to find closely correlated positions to Lotte Non could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lotte Non 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 Lotte Non - 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 Lotte Non Life to buy it.
Moving together with Lotte Stock
Moving against Lotte Stock
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| 0.6 | 241840 | ASTORY CoLtd | PairCorr |
| 0.53 | 106240 | Finetechnix CoLtd | PairCorr |
| 0.51 | 336260 | Doosan Fuel CellCo | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Lotte Stock performing well and Lotte Non 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 Lotte Non'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Lotte Non 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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Lotte Non Corporate Management
Elected by the shareholders, the Lotte Non's board of directors comprises two types of representatives: Lotte Non inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Lotte. The board's role is to monitor Lotte Non's management team and ensure that shareholders' interests are well served. Lotte Non'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, Lotte Non's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Youngjun Lee | Head Group | Profile | |
| Joon Kim | Ex Officer | Profile | |
| MinHo Kim | Ex Group | Profile | |
| Jaehyun Park | Head Group | Profile |
Already Invested in Lotte Non Life?
The danger of trading Lotte Non Life 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 Lotte Non 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 Lotte Non. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Lotte Non Life 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 Lotte Non Life. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Lotte Stock analysis
When running Lotte Non's price analysis, check to measure Lotte Non'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 Lotte Non is operating at the current time. Most of Lotte Non's value examination focuses on studying past and present price action to predict the probability of Lotte Non's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Lotte Non's price. Additionally, you may evaluate how the addition of Lotte Non to your portfolios can decrease your overall portfolio volatility.
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