WEBTOON Entertainment Correlations
| WBTN Stock | 10.58 0.60 6.01% |
The current 90-days correlation between WEBTOON Entertainment and Titan America SA is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as WEBTOON Entertainment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WEBTOON Entertainment Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
WEBTOON Entertainment Correlation With Market
Very weak diversification
The correlation between WEBTOON Entertainment Common and DJI 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 WEBTOON Entertainment Common and DJI in the same portfolio, assuming nothing else is changed.
Moving together with WEBTOON Stock
| 0.62 | Z | Zillow Group Class Earnings Call This Week | PairCorr |
| 0.74 | ZH | Zhihu Inc ADR | PairCorr |
| 0.71 | DOYU | DouYu International | PairCorr |
| 0.64 | MNY | MoneyHero Limited Class | PairCorr |
| 0.61 | GENI | Genius Sports | PairCorr |
Moving against WEBTOON Stock
| 0.43 | GIFT | RDE, Inc Earnings Call This Week | PairCorr |
| 0.37 | FVRR | Fiverr International Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.18 | 0.0 | -0.28 | 0.46 | 0.03 | -0.35 | B | ||
| 0.18 | 0.0 | 0.04 | 0.07 | 0.12 | -0.11 | GLXZ | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CHMN | ||
| -0.28 | 0.04 | 0.0 | 0.12 | 0.64 | 0.48 | TTAM | ||
| 0.46 | 0.07 | 0.0 | 0.12 | 0.44 | -0.26 | TTWO | ||
| 0.03 | 0.12 | 0.0 | 0.64 | 0.44 | 0.22 | BRAG | ||
| -0.35 | -0.11 | 0.0 | 0.48 | -0.26 | 0.22 | DDI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between WEBTOON Stock performing well and WEBTOON Entertainment 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 WEBTOON Entertainment'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| B | 1.67 | 0.04 | (0.04) | 0.35 | 2.30 | 3.18 | 10.08 | |||
| GLXZ | 0.57 | 0.05 | (0.20) | (0.37) | 0.67 | 1.44 | 3.92 | |||
| CHMN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TTAM | 1.89 | 0.35 | 0.07 | (13.27) | 1.76 | 4.63 | 11.76 | |||
| TTWO | 1.22 | 0.18 | (0.03) | (0.73) | 1.93 | 2.89 | 11.07 | |||
| BRAG | 1.92 | 0.25 | 0.04 | 1.23 | 2.03 | 3.96 | 12.32 | |||
| DDI | 1.96 | (0.21) | (0.04) | 0.01 | 4.84 | 3.75 | 33.51 |
WEBTOON Entertainment Corporate Management
| Mikyung Kwon | Chief N | Profile | |
| Hyojung Kim | Chief Officer | Profile | |
| Hyeeun Son | Chief Officer | Profile | |
| Masamine Takahashi | Chief Frontier | Profile | |
| Hyungil Kim | Head Ads | Profile |