Maeil Dairies Correlations
| 267980 Stock | KRW 40,700 100.00 0.25% |
The correlation of Maeil Dairies 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 Maeil Dairies moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maeil Dairies Co 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.
Average diversification
The correlation between Maeil Dairies Co and NYA is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maeil Dairies Co and NYA in the same portfolio, assuming nothing else is changed.
Maeil |
The ability to find closely correlated positions to Maeil Dairies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maeil Dairies 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 Maeil Dairies - 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 Maeil Dairies Co to buy it.
Moving together with Maeil Stock
Moving against Maeil Stock
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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 Maeil Dairies 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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The danger of trading Maeil Dairies Co 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 Maeil Dairies 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 Maeil Dairies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Maeil Dairies 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 Maeil Dairies Co. 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 Maeil Dairies information on this page should be used as a complementary analysis to other Maeil Dairies' 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.
Complementary Tools for Maeil Stock analysis
When running Maeil Dairies' price analysis, check to measure Maeil Dairies' 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 Maeil Dairies is operating at the current time. Most of Maeil Dairies' value examination focuses on studying past and present price action to predict the probability of Maeil Dairies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Maeil Dairies' price. Additionally, you may evaluate how the addition of Maeil Dairies to your portfolios can decrease your overall portfolio volatility.
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