Woori Financial Correlations
| WF Stock | USD 30.44 0.72 2.31% |
The correlation of Woori 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 Woori Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Woori Financial Group 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.
Very weak diversification
The correlation between Woori Financial Group and NYA is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Woori Financial Group and NYA in the same portfolio, assuming nothing else is changed.
Woori |
The ability to find closely correlated positions to Woori 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 Woori 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 Woori 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 Woori Financial Group to buy it.
Moving together with Woori Stock
| 0.91 | KB | KB Financial Group Earnings Call Today | PairCorr |
| 0.8 | NU | Nu Holdings Financial Report 20th of May 2024 | PairCorr |
| 0.73 | TFC-PI | Truist Financial | PairCorr |
Moving against Woori Stock
| 0.67 | VBTX | Veritex Holdings Normal Trading | PairCorr |
| 0.66 | EBMT | Eagle Bancorp Montana Financial Report 23rd of July 2024 | PairCorr |
| 0.61 | EGBN | Eagle Bancorp Earnings Call Today | PairCorr |
| 0.59 | EFSC | Enterprise Financial Financial Report 22nd of July 2024 | PairCorr |
| 0.57 | BY | Byline Bancorp Normal Trading | PairCorr |
| 0.5 | EBTC | Enterprise Bancorp | PairCorr |
| 0.46 | AX | Axos Financial Earnings Call This Week | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Woori Stock performing well and Woori 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 Woori 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SHG | 1.78 | 0.16 | 0.08 | 0.20 | 2.23 | 4.45 | 11.26 | |||
| KB | 2.16 | 0.33 | 0.17 | 0.26 | 2.06 | 6.98 | 15.32 | |||
| BCH | 1.17 | 0.11 | 0.05 | 0.25 | 1.40 | 2.66 | 8.30 | |||
| IX | 0.96 | 0.07 | 0.04 | 0.18 | 1.30 | 2.26 | 8.13 | |||
| SKM | 0.78 | (0.06) | 0.00 | (0.02) | 0.00 | 1.65 | 6.42 |
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Our tools can tell you how much better you can do entering a position in Woori 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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Woori Financial Corporate Directors
Woori Financial corporate directors refer to members of a Woori Financial board of directors. The board of directors generally takes responsibility for the Woori Financial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Woori Financial's board members must vote for the resolution. The Woori Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Already Invested in Woori Financial Group?
The danger of trading Woori Financial Group 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 Woori 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 Woori Financial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Woori Financial Group 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.
When determining whether Woori Financial Group is a strong investment it is important to analyze Woori Financial's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Woori Financial's future performance. For an informed investment choice regarding Woori Stock, refer to the following important reports: Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Woori Financial Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in census. Note that the Woori Financial Group information on this page should be used as a complementary analysis to other Woori 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Woori Stock analysis
When running Woori Financial's price analysis, check to measure Woori 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 Woori Financial is operating at the current time. Most of Woori Financial's value examination focuses on studying past and present price action to predict the probability of Woori 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 Woori Financial's price. Additionally, you may evaluate how the addition of Woori Financial to your portfolios can decrease your overall portfolio volatility.
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Is Woori Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Woori Financial. If investors know Woori will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Woori Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.93) | Dividend Share 1000 | Earnings Share 8.47 | Revenue Per Share 38.8 K | Quarterly Revenue Growth (0.26) |
The market value of Woori Financial Group is measured differently than its book value, which is the value of Woori that is recorded on the company's balance sheet. Investors also form their own opinion of Woori Financial's value that differs from its market value or its book value, called intrinsic value, which is Woori Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Woori Financial's market value can be influenced by many factors that don't directly affect Woori Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Woori Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Woori Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Woori Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.