Hyundai Correlations

HYMTF
 Stock
  

USD 30.49  0.36  1.19%   

The correlation of Hyundai is a statistical measure of how it moves in relation to other equities. 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 Hyundai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hyundai Motor Co 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.
Please check Risk vs Return Analysis.
  
The ability to find closely correlated positions to Hyundai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hyundai 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 Hyundai - 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 Hyundai Motor Co to buy it.

Moving together with Hyundai

+0.77BYDDFBYD Co Ltd-HPairCorr
+0.72VWAGYVolkswagen AG 110PairCorr
+0.78BYDDYBYD CoPairCorr
+0.72VLKPFVolkswagen AG VZOPairCorr
+0.71VLKAFVolkswagen AGPairCorr
+0.69VWAPYVolkswagen AG PrefPairCorr
+0.69HDVTYHenderson InvestmentPairCorr
+0.69PERSSandRidge Permian TrustPairCorr

Moving against Hyundai

-0.51XOMExxon Mobil CorpPairCorr

Related Correlations

DTEGY
SJR
AMXVF
AMOV
TLGPY
DTEGY
0.90.70.79-0.12
DTEGY
SJR
0.90.840.87-0.16
SJR
AMXVF
0.70.840.92-0.32
AMXVF
AMOV
0.790.870.92-0.42
AMOV
TLGPY
-0.12-0.16-0.32-0.42
TLGPY
DTEGY
SJR
AMXVF
AMOV
TLGPY
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
AMOVAMXVF
SJRDTEGY
AMOVSJR
AMXVFSJR
AMOVDTEGY
AMXVFDTEGY
  
High negative correlations   
TLGPYAMOV
TLGPYAMXVF
TLGPYSJR
TLGPYDTEGY

Risk-Adjusted Indicators

Nowadays, there is a big difference between Hyundai Pink Sheet performing well and Hyundai company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Hyundai's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

The entity Hyundai Motor Co with a symbol HYMTF was recently relisted or delisted. You can potentially use Hyundai Motor Co with a symbol HYMTF. Please make sure the ticker renaming or change in the classification of Hyundai Motor Co is not a temporary action by the exchange.

Hyundai Corporate Directors

Hyundai corporate directors refer to members of a Hyundai board of directors. The board of directors generally takes responsibility for the Hyundai'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 Hyundai's board members must vote for the resolution. The Hyundai board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Su Yeo - Managing DirectorProfile
Chang Bang - Managing DirectorProfile
Gyeong Lee - Managing DirectorProfile
Dae Moon - Managing DirectorProfile

Invested in Hyundai Motor Co?

The danger of trading Hyundai Motor Co 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 Hyundai 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 Hyundai. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hyundai Motor 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.
Please check Risk vs Return Analysis. You can also try Global Correlations module to find global opportunities by holding instruments from different markets.

Complementary Tools for analysis

When running Hyundai Motor price analysis, check to measure Hyundai'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 Hyundai is operating at the current time. Most of Hyundai's value examination focuses on studying past and present price action to predict the probability of Hyundai's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Hyundai's price. Additionally, you may evaluate how the addition of Hyundai to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Hyundai's value and its price as these two are different measures arrived at by different means. Investors typically determine Hyundai value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hyundai'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.