AOYAMA TRADING Correlations

9B7 Stock

EUR 12.70 0.10 0.78%

The correlation of AOYAMA TRADING 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.

AOYAMA TRADING Correlation With Market

Good diversification

The correlation between AOYAMA TRADING and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AOYAMA TRADING and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against AOYAMA Stock

0.52	TCID	Telkom Indonesia Tbk	Pair Corr
0.43	BZG2	PT Bank Central	Pair Corr
0.32	BYRA	PT Bank Rakyat	Pair Corr
0.31	OB8	PT Barito Pacific	Pair Corr

Related Correlations Analysis

	FR70	9B7	1MJ1	8SP	6NM	39O1	2DG	TLX	TM9	INVN
FR70		-0.01	-0.4	-0.17	0.37	0.6	-0.5	-0.23	0.09	0.5	FR70
9B7	-0.01		0.11	-0.35	-0.16	-0.35	-0.55	0.43	-0.09	0.35	9B7
1MJ1	-0.4	0.11		0.09	-0.29	-0.26	0.5	0.55	0.12	-0.21	1MJ1
8SP	-0.17	-0.35	0.09		0.6	0.25	0.69	0.38	0.27	-0.72	8SP
6NM	0.37	-0.16	-0.29	0.6		0.5	0.09	0.19	0.14	-0.31	6NM
39O1	0.6	-0.35	-0.26	0.25	0.5		0.03	-0.21	0.35	0.01	39O1
2DG	-0.5	-0.55	0.5	0.69	0.09	0.03		0.26	0.22	-0.75	2DG
TLX	-0.23	0.43	0.55	0.38	0.19	-0.21	0.26		0.05	-0.26	TLX
TM9	0.09	-0.09	0.12	0.27	0.14	0.35	0.22	0.05		0.0	TM9
INVN	0.5	0.35	-0.21	-0.72	-0.31	0.01	-0.75	-0.26	0.0		INVN
	FR70	9B7	1MJ1	8SP	6NM	39O1	2DG	TLX	TM9	INVN

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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

2DG	+ 0.69	8SP
39O1	+ 0.6	FR70
6NM	+ 0.6	8SP
TLX	+ 0.55	1MJ1
INVN	+ 0.5	FR70
2DG	+ 0.5	1MJ1

High negative correlations

INVN	- 0.75	2DG
INVN	- 0.72	8SP
2DG	- 0.55	9B7
2DG	- 0.5	FR70
1MJ1	- 0.4	FR70
39O1	- 0.35	9B7

Risk-Adjusted Indicators

There is a big difference between AOYAMA Stock performing well and AOYAMA TRADING 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 AOYAMA TRADING'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
FR70	1.43	0.12	0.03	0.38	1.73	(1.66)	3.45	(2.88)	11.86
9B7	1.75	0.78	0.38	(0.75)	0.69	(2.65)	1.91	(2.33)	33.78
1MJ1	1.65	(0.44)	0.00	(0.87)	0.00	0.00	3.58	(3.54)	19.26
8SP	2.15	(0.05)	0.00	0.17	0.00	0.00	3.43	(4.74)	21.59
6NM	1.20	0.08	(0.02)	(0.14)	1.75	(1.29)	2.79	(2.69)	9.64
39O1	3.91	0.32	0.07	0.61	3.52	(5.55)	9.64	(5.38)	34.42
2DG	3.88	(1.67)	0.00	(16.40)	0.00	0.00	6.06	(8.57)	52.42
TLX	0.97	0.04	(0.06)	(0.87)	1.14	(1.11)	2.67	(1.64)	7.58
TM9	2.80	(0.01)	(0.02)	0.08	4.32	(3.01)	5.56	(6.43)	36.50
INVN	2.17	0.17	0.02	(0.67)	2.57	(2.55)	5.61	(4.98)	14.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in AOYAMA TRADING 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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