MARUHA NICHIRO Correlations

6MN Stock

EUR 18.50 0.20 1.09%

The current 90-days correlation between MARUHA NICHIRO and National Retail Properties is -0.3 (i.e., Very good diversification). The correlation of MARUHA NICHIRO 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.

MARUHA NICHIRO Correlation With Market

Good diversification

The correlation between MARUHA NICHIRO and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MARUHA NICHIRO and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MARUHA NICHIRO could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MARUHA NICHIRO 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 MARUHA NICHIRO - 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 MARUHA NICHIRO to buy it.

Moving against MARUHA Stock

0.59	ADH2	Air Canada	Pair Corr
0.53	AMZ	Amazon Inc	Pair Corr
0.4	APC	Apple Inc	Pair Corr
0.39	APC	Apple Inc	Pair Corr
0.38	APC	Apple Inc	Pair Corr
0.37	APC	Apple Inc	Pair Corr
0.34	MSF	Microsoft	Pair Corr
0.32	DBPE	Xtrackers LevDAX	Pair Corr
0.31	MSF	Microsoft	Pair Corr

Related Correlations Analysis

	CZ2	2UA0	FOO	NSC	FOO0	O3I	VB2	EAC
CZ2		0.66	-0.5	-0.1	-0.48	-0.2	-0.05	0.17	CZ2
2UA0	0.66		-0.58	-0.32	-0.57	-0.23	-0.01	0.25	2UA0
FOO	-0.5	-0.58		0.73	0.97	0.82	0.41	0.46	FOO
NSC	-0.1	-0.32	0.73		0.72	0.52	0.01	0.47	NSC
FOO0	-0.48	-0.57	0.97	0.72		0.79	0.39	0.48	FOO0
O3I	-0.2	-0.23	0.82	0.52	0.79		0.67	0.64	O3I
VB2	-0.05	-0.01	0.41	0.01	0.39	0.67		0.3	VB2
EAC	0.17	0.25	0.46	0.47	0.48	0.64	0.3		EAC
	CZ2	2UA0	FOO	NSC	FOO0	O3I	VB2	EAC

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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

FOO0	+ 0.97	FOO
O3I	+ 0.82	FOO
O3I	+ 0.79	FOO0
NSC	+ 0.73	FOO
FOO0	+ 0.72	NSC
VB2	+ 0.67	O3I

High negative correlations

FOO	- 0.58	2UA0
FOO0	- 0.57	2UA0
FOO	- 0.5	CZ2
FOO0	- 0.48	CZ2
NSC	- 0.32	2UA0
O3I	- 0.23	2UA0

Risk-Adjusted Indicators

There is a big difference between MARUHA Stock performing well and MARUHA NICHIRO 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 MARUHA NICHIRO'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
CZ2	0.99	(0.04)	(0.06)	0.04	1.48	(1.08)	3.10	(2.21)	10.16
2UA0	0.98	0.04	(0.04)	(0.24)	1.49	(1.57)	2.48	(2.33)	11.23
FOO	1.38	0.31	0.22	0.36	1.09	(1.56)	4.15	(2.31)	11.42
NSC	0.80	0.06	(0.02)	0.32	0.90	(1.08)	1.89	(1.90)	4.54
FOO0	1.48	0.35	0.19	0.78	1.05	(2.16)	4.02	(2.17)	14.31
O3I	1.02	0.27	0.15	6.54	0.81	(1.18)	2.65	(1.29)	6.73
VB2	0.52	0.01	(0.11)	0.22	0.59	(0.68)	1.46	(1.24)	3.52
EAC	1.10	0.18	0.06	8.12	1.05	(1.36)	2.71	(1.84)	8.04

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Our tools can tell you how much better you can do entering a position in MARUHA NICHIRO 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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MARUHA NICHIRO Corporate Management

Elected by the shareholders, the MARUHA NICHIRO's board of directors comprises two types of representatives: MARUHA NICHIRO inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MARUHA. The board's role is to monitor MARUHA NICHIRO's management team and ensure that shareholders' interests are well served. MARUHA NICHIRO'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, MARUHA NICHIRO's outside directors are responsible for providing unbiased perspectives on the board's policies.

Somuku Iimura	Non-Executive Independent Director	Profile
Shunichi Yanagitate	Executive Officer	Profile
Tamotsu Shoji	Executive Officer	Profile
Ichiro Takuma	Executive Officer	Profile
Hiroshi Okazaki	Executive Officer	Profile
Shinichiro Takeda	Executive Officer	Profile

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