Hana Financial Correlations
| 086790 Stock | 58,700 1,000.00 1.68% |
The correlation of Hana Financial 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 Hana Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hana Financial 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 Hana Financial and NYA is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hana Financial and NYA in the same portfolio, assuming nothing else is changed.
Hana |
The ability to find closely correlated positions to Hana Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hana Financial 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 Hana Financial - 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 Hana Financial to buy it.
Moving together with Hana Stock
Moving against Hana Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hana Stock performing well and Hana Financial 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 Hana Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 095190 | 1.49 | 0.35 | 0.17 | (0.75) | 1.21 | 3.53 | 13.55 | |||
| 100130 | 1.42 | (0.19) | 0.00 | (0.29) | 0.00 | 3.59 | 9.26 | |||
| 290720 | 1.12 | (0.56) | 0.00 | (1.11) | 0.00 | 2.04 | 6.03 | |||
| 900120 | 1.85 | (0.18) | 0.00 | 0.35 | 0.00 | 3.08 | 16.86 | |||
| 034300 | 1.41 | 0.01 | (0.02) | 0.10 | 1.74 | 4.39 | 9.48 | |||
| 037350 | 0.92 | 0.04 | (0.01) | 0.53 | 1.02 | 3.00 | 7.38 | |||
| 332570 | 2.14 | 0.03 | (0.01) | (23.80) | 2.40 | 5.68 | 20.99 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hana Financial 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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Hana Financial Corporate Executives
Elected by the shareholders, the Hana Financial's board of directors comprises two types of representatives: Hana Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hana. The board's role is to monitor Hana Financial's management team and ensure that shareholders' interests are well served. Hana Financial'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, Hana Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hooseung Lee | EVP CFO | Profile | |
| ByungJoon Park | Ex COO | Profile |
Already Invested in Hana Financial?
The danger of trading Hana Financial 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 Hana Financial 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 Hana Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hana Financial 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 Hana Financial. 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 Hana Financial information on this page should be used as a complementary analysis to other Hana Financial's 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Hana Stock analysis
When running Hana Financial's price analysis, check to measure Hana Financial'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 Hana Financial is operating at the current time. Most of Hana Financial's value examination focuses on studying past and present price action to predict the probability of Hana Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hana Financial's price. Additionally, you may evaluate how the addition of Hana Financial to your portfolios can decrease your overall portfolio volatility.
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