Lotte Chemical Correlations

5284 Stock

0.60 0.01 1.64%

The current 90-days correlation between Lotte Chemical Titan and YTL Hospitality REIT is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lotte Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lotte Chemical Titan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Lotte Chemical Correlation With Market

Very good diversification

The correlation between Lotte Chemical Titan and DJI is -0.35 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotte Chemical Titan and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Lotte Chemical 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 Chemical 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 Chemical - 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 Chemical Titan to buy it.

Moving together with Lotte Stock

0.85	5183	Petronas Chemicals	Pair Corr
0.77	5289	Techbond Group Bhd	Pair Corr
0.93	1155	Malayan Banking Bhd	Pair Corr
0.74	5347	Tenaga Nasional Bhd	Pair Corr

Moving against Lotte Stock

0.94	5168	Hartalega Holdings Bhd	Pair Corr
0.88	2488	Alliance Financial	Pair Corr
0.86	1015	AMMB Holdings Bhd	Pair Corr
0.79	0104	Genetec Technology Bhd	Pair Corr
0.69	1066	RHB Bank Bhd	Pair Corr
0.41	0166	Inari Amertron Bhd	Pair Corr
0.37	4731	Scientex Bhd	Pair Corr
0.92	0083	Notion Vtec Bhd	Pair Corr
0.91	5162	ECS ICT Bhd	Pair Corr
0.91	5292	Uwc Bhd	Pair Corr
0.74	3255	Heineken Bhd	Pair Corr
0.7	0075	Lyc Healthcare Bhd	Pair Corr
0.57	7160	Pentamaster Bhd	Pair Corr
0.52	0129	Silver Ridge Holdings	Pair Corr
0.31	2445	Kuala Lumpur Kepong	Pair Corr

Related Correlations Analysis

	5109	7243	0250	7100	5797	0195	3778
5109		0.29	0.56	-0.41	0.54	0.29	0.61	5109
7243	0.29		0.2	-0.21	0.19	0.06	0.34	7243
0250	0.56	0.2		-0.56	0.85	0.37	0.82	0250
7100	-0.41	-0.21	-0.56		-0.72	-0.36	-0.71	7100
5797	0.54	0.19	0.85	-0.72		0.36	0.85	5797
0195	0.29	0.06	0.37	-0.36	0.36		0.52	0195
3778	0.61	0.34	0.82	-0.71	0.85	0.52		3778
	5109	7243	0250	7100	5797	0195	3778

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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

5797	+ 0.85	0250
3778	+ 0.85	5797
3778	+ 0.82	0250
3778	+ 0.61	5109
0250	+ 0.56	5109
5797	+ 0.54	5109

High negative correlations

5797	- 0.72	7100
3778	- 0.71	7100
7100	- 0.56	0250
7100	- 0.41	5109
0195	- 0.36	7100
7100	- 0.21	7243

Risk-Adjusted Indicators

There is a big difference between Lotte Stock performing well and Lotte Chemical 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 Chemical'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
5109	0.66	(0.03)	0.00	(3.02)	0.00	0.00	1.65	(1.64)	3.36
7243	2.26	0.12	0.02	(1.24)	2.42	(5.45)	5.00	(4.55)	19.05
0250	1.21	(0.14)	0.00	0.23	0.00	0.00	3.85	(3.85)	8.17
7100	0.69	0.05	0.02	0.46	0.71	(0.83)	1.33	(1.27)	8.33
5797	1.29	(0.17)	0.00	0.60	0.00	0.00	2.90	(4.76)	14.55
0195	1.73	(0.27)	0.00	(0.77)	0.00	0.00	5.00	(4.76)	10.00
3778	1.19	(0.26)	0.00	(1.71)	0.00	0.00	4.17	(4.17)	9.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Lotte Chemical 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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