Konan Technology Correlations

402030 Stock

15,560 110.00 0.71%

The current 90-days correlation between Konan Technology and Devsisters corporation is -0.02 (i.e., Good diversification). The correlation of Konan Technology 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.

Konan Technology Correlation With Market

Good diversification

The correlation between Konan Technology and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Konan Technology and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Konan Stock

0.9	293490	Kakao Games Corp	Pair Corr
0.94	022100	Posco ICT	Pair Corr
0.84	194480	Devsisters corporation	Pair Corr
0.95	036800	Nice Information Tel	Pair Corr
0.87	276040	SKONEC Entertainment	Pair Corr
0.93	039290	InfoBank	Pair Corr
0.72	123420	SundayToz Corp	Pair Corr
0.73	336570	Daishin Balance No8	Pair Corr
0.9	320000	Wintec	Pair Corr
0.68	332290	Daishin Balance No	Pair Corr
0.93	027830	Daesung Private Equity	Pair Corr
0.73	023460	CNH Co	Pair Corr

Moving against Konan Stock

0.44

347860

Alchera

Pair Corr

Related Correlations Analysis

	293490	022100	194480	402030	347860	036800	039290	123420	158430
293490		0.8	0.84	0.9	-0.37	0.92	0.82	0.54	0.35	293490
022100	0.8		0.72	0.94	-0.53	0.87	0.87	0.76	0.69	022100
194480	0.84	0.72		0.84	-0.17	0.89	0.8	0.57	0.29	194480
402030	0.9	0.94	0.84		-0.44	0.95	0.93	0.72	0.57	402030
347860	-0.37	-0.53	-0.17	-0.44		-0.45	-0.27	-0.2	-0.26	347860
036800	0.92	0.87	0.89	0.95	-0.45		0.88	0.61	0.38	036800
039290	0.82	0.87	0.8	0.93	-0.27	0.88		0.73	0.58	039290
123420	0.54	0.76	0.57	0.72	-0.2	0.61	0.73		0.75	123420
158430	0.35	0.69	0.29	0.57	-0.26	0.38	0.58	0.75		158430
	293490	022100	194480	402030	347860	036800	039290	123420	158430

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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

036800	+ 0.95	402030
402030	+ 0.94	022100
039290	+ 0.93	402030
036800	+ 0.92	293490
402030	+ 0.9	293490
036800	+ 0.89	194480

High negative correlations

347860	- 0.53	022100
036800	- 0.45	347860
347860	- 0.44	402030
347860	- 0.37	293490
039290	- 0.27	347860
158430	- 0.26	347860

Risk-Adjusted Indicators

There is a big difference between Konan Stock performing well and Konan Technology 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 Konan Technology'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
293490	1.74	(0.09)	0.00	0.26	0.00	0.00	3.11	(5.38)	12.72
022100	2.78	(0.14)	0.00	0.29	0.00	0.00	7.79	(5.16)	21.65
194480	3.25	(0.43)	0.00	13.12	0.00	0.00	5.34	(6.53)	53.27
402030	2.83	(0.20)	0.00	0.39	0.00	0.00	6.79	(4.44)	26.26
347860	4.35	0.58	0.12	0.70	4.28	(5.31)	12.90	(7.00)	35.12
036800	0.81	(0.17)	0.00	0.60	0.00	0.00	1.60	(1.93)	8.05
039290	2.60	(0.11)	0.00	0.23	0.00	0.00	4.15	(6.12)	25.52
123420	2.20	0.06	(0.02)	(2.98)	3.58	(2.49)	5.16	(3.41)	22.32
158430	1.77	0.13	0.00	(2.44)	3.05	(1.85)	4.71	(4.41)	15.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Konan Technology 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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