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Use SK Innovation risk analysis within your existing portfolios mixed with equities fromn Korea Stock Exchange to protect against small markets fluctuations as well as to determine Stock diversification method that is right for you. Build Portfolio
Projected Return Density against Market
Assuming 30 trading days horizon, SK Innovation has beta of -0.31 . This suggests as returns on benchmark increase, returns on holding SK Innovati are expected to decrease at a much smaller rate. During bear market, however, SK Innovation is likely to outperform the market. Additionally, SK Innovation has negative alpha implying that risk taken by holding this securing is not justified. The company is significantly underperforming S&P 500
Predicted Return Density
Assuming 30 trading days horizon, the coefficient of variation of SK Innovati is -1015.26. The daily returns are destributed with a variance of 2.49 and standard deviation of 1.58. The mean deviation of SK Innovation is currently at 1.1. For similar time horizon, the selected benchmark (S&P 500) has volatility of 0.58
Actual Return Volatility
SK Innovation accepts 1.58% volatility on return distribution over the 30 days horizon. S&P 500 shows 0.57% volatility of returns over 30 trading days.
SK Innovation has a volatility of 1.58 and is 2.14 times more volatile than Seoul Comp. 21%
of all equities and portfolios are less risky than SK Innovati. Compared with the overall equity markets, volatility of historical daily returns of SK Innovation is lower than 21 (%)
of all global equities and portfolios over the last 30 days. Use SK Innovation to protect against small markets fluctuations. The stock experiences somewhat bearish sentiment, but market may correct it shortly. As returns on market increase, returns on owning SK Innovati are expected to decrease at a much smaller rate. During bear market, SK Innovati is likely to outperform the market.
SK Innovati correlation with market
Overlapping area represents amount of risk that can be diversified away by holding SK Innovation and equity matching KS11 index in the same portfolio
SK Innovati Current Risk Indicators
Suggested Divercification Pairs