Shinhan Financial Correlations

SHG
 Stock
  

USD 29.16  0.14  0.48%   

The correlation of Shinhan Financial 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 Shinhan Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shinhan 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.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to Shinhan 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 Shinhan 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 Shinhan 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 Shinhan Financial Group to buy it.

Moving together with Shinhan Financial

+0.64ASRVAmeriServ FinancialPairCorr
+0.66AXAxos FinancialPairCorr
+0.69BCBPBCB BancorpPairCorr
+0.73BFINBankFinancialPairCorr
+0.88BHLBBerkshire Hills BancorpPairCorr
+0.61BOHBank Of HawaiiPairCorr
+0.73CBSHCommerce Bancshares SplitPairCorr
+0.64CCBGCapital City BankPairCorr
+0.81CFGCitizens FinancialPairCorr
+0.68EFSCEnterprise FinancialPairCorr
+0.74EQBKEquity BancsharesPairCorr
+0.72ESSAESSA BancorpPairCorr
+0.63HFWAHeritage FinancialPairCorr

Moving against Shinhan Financial

-0.81BBDBanco Bradesco SAPairCorr
-0.55BSBRBanco Santander BrasilPairCorr

Related Correlations

LIN
RGAGX
VSGAX
LIN
0.190.41
LIN
RGAGX
0.190.83
RGAGX
VSGAX
0.410.83
VSGAX
LIN
RGAGX
VSGAX
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   
VSGAXRGAGX
VSGAXLIN
RGAGXLIN
  

Shinhan Financial Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Shinhan Stock performing well and Shinhan Financial 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 Shinhan Financial'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shinhan 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.

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Shinhan Financial Corporate Directors

Shinhan Financial corporate directors refer to members of a Shinhan Financial board of directors. The board of directors generally takes responsibility for the Shinhan 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 Shinhan Financial's board members must vote for the resolution. The Shinhan Financial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Manwoo Lee - Non-Executive Independent DirectorProfile
Cheol Park - Non-Executive Independent DirectorProfile
Ok Jin - Non-Executive DirectorProfile
Sangkyung Lee - Non-Executive Independent DirectorProfile

Invested in Shinhan Financial Group?

The danger of trading Shinhan 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 Shinhan 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 Shinhan Financial. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Shinhan Financial 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.
Additionally, take a look at World Market Map. Note that the Shinhan Financial information on this page should be used as a complementary analysis to other Shinhan 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

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When running Shinhan Financial price analysis, check to measure Shinhan 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 Shinhan Financial is operating at the current time. Most of Shinhan Financial's value examination focuses on studying past and present price action to predict the probability of Shinhan Financial's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Shinhan Financial's price. Additionally, you may evaluate how the addition of Shinhan Financial to your portfolios can decrease your overall portfolio volatility.
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Is Shinhan 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 Shinhan Financial. If investors know Shinhan 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 Shinhan 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 YOY
0.45
Market Capitalization
14.9 B
Quarterly Revenue Growth YOY
0.072
Return On Assets
0.0073
Return On Equity
0.0968
The market value of Shinhan Financial is measured differently than its book value, which is the value of Shinhan that is recorded on the company's balance sheet. Investors also form their own opinion of Shinhan Financial's value that differs from its market value or its book value, called intrinsic value, which is Shinhan 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 Shinhan Financial's market value can be influenced by many factors that don't directly affect Shinhan 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 Shinhan Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine Shinhan Financial value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shinhan 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.