Kura Sushi Correlations
| 2754 Stock | TWD 84.80 0.00 0.00% |
The current 90-days correlation between Kura Sushi Asia and Hsing Ta Cement is 0.3 (i.e., Weak diversification). The correlation of Kura Sushi 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Kura Sushi Correlation With Market
Significant diversification
The correlation between Kura Sushi Asia and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kura Sushi Asia and DJI in the same portfolio, assuming nothing else is changed.
Kura |
The ability to find closely correlated positions to Kura Sushi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kura Sushi 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 Kura Sushi - 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 Kura Sushi Asia to buy it.
Moving together with Kura Stock
| 0.75 | 2727 | Wowprime Corp | PairCorr |
| 0.7 | 2752 | Tofu Restaurant | PairCorr |
| 0.64 | 1259 | An Shin Food | PairCorr |
| 0.67 | 2882 | Cathay Financial Holding | PairCorr |
| 0.8 | 0051 | YuantaP shares Taiwan | PairCorr |
Moving against Kura Stock
| 0.53 | 2881B | Fubon Financial Holding | PairCorr |
| 0.37 | 2882B | Cathay Financial Holding | PairCorr |
| 0.31 | 2454 | MediaTek | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Kura Stock performing well and Kura Sushi 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 Kura Sushi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2754 | 0.97 | (0.15) | 0.00 | (0.95) | 0.00 | 1.68 | 7.47 | |||
| 2924 | 2.83 | (0.16) | 0.00 | (0.25) | 0.00 | 9.95 | 19.97 | |||
| 1109 | 0.43 | (0.11) | 0.00 | 2.94 | 0.00 | 0.82 | 2.58 | |||
| 2836 | 0.54 | (0.04) | 0.00 | (0.99) | 0.00 | 1.31 | 2.61 | |||
| 3128 | 0.59 | 0.04 | (0.03) | 1.85 | 0.71 | 1.45 | 3.79 | |||
| 4533 | 1.75 | (0.27) | 0.00 | 3.86 | 0.00 | 3.01 | 13.37 | |||
| 6126 | 1.22 | (0.30) | 0.00 | 4.67 | 0.00 | 3.42 | 11.08 | |||
| 1465 | 0.79 | (0.13) | 0.00 | (2.89) | 0.00 | 1.74 | 3.52 | |||
| 8028 | 2.37 | (0.06) | 0.00 | 0.23 | 0.00 | 6.67 | 13.93 |
Kura Sushi Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Kura Sushi stock to make a market-neutral strategy. Peer analysis of Kura Sushi could also be used in its relative valuation, which is a method of valuing Kura Sushi by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kura Sushi Corporate Management
Elected by the shareholders, the Kura Sushi's board of directors comprises two types of representatives: Kura Sushi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kura. The board's role is to monitor Kura Sushi's management team and ensure that shareholders' interests are well served. Kura Sushi's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kura Sushi's outside directors are responsible for providing unbiased perspectives on the board's policies.
| ShangZhi Lin | Accounting Officer | Profile | |
| Kentaro Nishikawa | Chairman CEO | Profile | |
| Kazuto Kondo | Deputy Director | Profile | |
| Kazuya Tamura | CFO Director | Profile |