Opticis Company Correlations

109080 Stock

KRW 7,140 30.00 0.42%

The current 90-days correlation between Opticis Limited and Finebesteel is 0.5 (i.e., Very weak diversification). The correlation of Opticis Company 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.

Opticis Company Correlation With Market

Good diversification

The correlation between Opticis Company Limited and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Opticis Company Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Opticis Stock

0.67	078070	Ubiquoss Holdings	Pair Corr
0.78	000400	Lotte Non Life	Pair Corr
0.78	023760	Han Kook Capital	Pair Corr

Moving against Opticis Stock

0.48	373220	LG Energy Solution	Pair Corr
0.4	111710	Namhwa Industrial	Pair Corr
0.34	014820	Dongwon System	Pair Corr
0.31	115440	WooriNet	Pair Corr

Related Correlations Analysis

	GOOGL	KOPI	032500	011390	011390	006805	500015	036200	133820	500003
GOOGL		0.59	0.27	0.78	0.78	0.57	-0.18	-0.46	0.52	0.01	GOOGL
KOPI	0.59		-0.42	0.4	0.4	0.36	-0.27	-0.52	-0.01	0.09	KOPI
032500	0.27	-0.42		0.38	0.38	0.05	0.39	0.31	0.64	-0.38	032500
011390	0.78	0.4	0.38		1.0	0.41	-0.07	-0.32	0.45	-0.03	011390
011390	0.78	0.4	0.38	1.0		0.41	-0.07	-0.32	0.45	-0.03	011390
006805	0.57	0.36	0.05	0.41	0.41		-0.25	-0.58	0.37	0.17	006805
500015	-0.18	-0.27	0.39	-0.07	-0.07	-0.25		0.52	0.29	-0.84	500015
036200	-0.46	-0.52	0.31	-0.32	-0.32	-0.58	0.52		-0.1	-0.45	036200
133820	0.52	-0.01	0.64	0.45	0.45	0.37	0.29	-0.1		-0.33	133820
500003	0.01	0.09	-0.38	-0.03	-0.03	0.17	-0.84	-0.45	-0.33		500003
	GOOGL	KOPI	032500	011390	011390	006805	500015	036200	133820	500003

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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

011390	+ 1.0	011390
011390	+ 0.78	GOOGL
011390	+ 0.78	GOOGL
133820	+ 0.64	032500
KOPI	+ 0.59	GOOGL
006805	+ 0.57	GOOGL

High negative correlations

500003	- 0.84	500015
036200	- 0.58	006805
036200	- 0.52	KOPI
036200	- 0.46	GOOGL
500003	- 0.45	036200
032500	- 0.42	KOPI

Risk-Adjusted Indicators

There is a big difference between Opticis Stock performing well and Opticis Company 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 Opticis Company'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
GOOGL	1.24	0.12	(0.01)	(0.53)	1.76	(1.15)	2.05	(2.55)	8.18
KOPI	4.63	1.73	0.32	(1.44)	2.93	(7.45)	18.64	(4.50)	36.44
032500	2.77	(0.44)	0.00	(4.05)	0.00	0.00	7.10	(5.75)	16.63
011390	2.02	(0.05)	(0.02)	0.07	2.36	(2.47)	4.70	(4.61)	24.98
011390	2.02	(0.05)	(0.02)	0.07	2.36	(2.47)	4.70	(4.61)	24.98
006805	1.26	0.19	0.02	(0.48)	1.67	(1.41)	1.43	(2.55)	37.44
500015	1.72	(0.02)	0.00	0.19	0.00	0.00	2.86	(4.10)	8.67
036200	2.38	(0.40)	0.00	4.77	0.00	0.00	6.07	(4.11)	16.12
133820	1.86	0.12	0.02	0.45	1.92	(2.37)	3.56	(2.87)	25.82
500003	1.68	0.03	(0.01)	0.19	1.86	(1.89)	4.16	(3.07)	9.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in Opticis Company 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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