Welcron Company Correlations
065950 Stock | KRW 2,795 55.00 0.54% |
The correlation of Welcron 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Welcron Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Welcron Company Limited 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.
Check out Trending Equities to better understand how to build diversified portfolios. 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. Welcron |
The ability to find closely correlated positions to Welcron 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 Welcron 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 Welcron 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 Welcron Company Limited to buy it.
Moving against Welcron Stock
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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
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Risk-Adjusted Indicators
There is a big difference between Welcron Stock performing well and Welcron 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 Welcron 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
051905 | 1.76 | 0.61 | 0.29 | (1.96) | 1.31 | 5.77 | 11.61 | |||
035510 | 1.01 | (0.34) | 0.00 | (2.73) | 0.00 | 2.21 | 6.37 | |||
101170 | 1.19 | (0.07) | 0.00 | 0.58 | 0.00 | 3.64 | 8.49 | |||
026890 | 1.27 | 0.53 | 0.41 | (6.65) | 0.57 | 3.68 | 9.16 | |||
021320 | 0.74 | (0.09) | 0.00 | 0.51 | 0.00 | 1.25 | 3.78 | |||
025770 | 0.93 | (0.03) | (0.05) | 0.00 | 1.31 | 2.13 | 5.16 | |||
064240 | 2.41 | 0.07 | 0.02 | 0.14 | 2.41 | 7.00 | 29.27 | |||
138580 | 1.71 | 0.30 | 0.12 | 1.16 | 1.62 | 4.25 | 10.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Welcron 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.Did you try this?
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Welcron Company Corporate Management
Elected by the shareholders, the Welcron Company's board of directors comprises two types of representatives: Welcron Company inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Welcron. The board's role is to monitor Welcron Company's management team and ensure that shareholders' interests are well served. Welcron Company'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, Welcron Company's outside directors are responsible for providing unbiased perspectives on the board's policies.
SungCheol Kim | Managing Director | Profile | |
Young Rhee | Chief Officer | Profile | |
GwangGyu Lee | Managing Director | Profile | |
YongJoo Kang | Exec | Profile | |
DongJin Shin | Managing Director | Profile | |
GyungJoo Lee | VP | Profile | |
ChangHwan Lee | Managing Director | Profile |
Already Invested in Welcron Company Limited?
The danger of trading Welcron Company Limited 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 Welcron Company 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 Welcron Company. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Welcron Limited 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 Welcron Company Limited. 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 Welcron Limited information on this page should be used as a complementary analysis to other Welcron Company'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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Complementary Tools for Welcron Stock analysis
When running Welcron Company's price analysis, check to measure Welcron Company'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 Welcron Company is operating at the current time. Most of Welcron Company's value examination focuses on studying past and present price action to predict the probability of Welcron Company's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Welcron Company's price. Additionally, you may evaluate how the addition of Welcron Company to your portfolios can decrease your overall portfolio volatility.
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