AOYAMA TRADING Correlations

9B7 Stock

EUR 13.00 0.10 0.76%

The current 90-days correlation between AOYAMA TRADING and Hochschild Mining plc is -0.17 (i.e., Good diversification). 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 -0.02 (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 together with AOYAMA Stock

0.86	RSO	Ross Stores	Pair Corr
0.83	GN8	Genesco	Pair Corr
0.79	SYJ	Stitch Fix	Pair Corr
0.77	6RK	CCC SA	Pair Corr
0.86	1MJ1	J JILL INC	Pair Corr
0.67	SLT	SCHALTBAU HOLDING	Pair Corr
0.95	YMI	Yellow Pages Limited	Pair Corr
0.79	MSF	Microsoft	Pair Corr
0.94	ITB	IMPERIAL TOBACCO	Pair Corr
0.91	OD7B	ETFS Coffee ETC	Pair Corr
0.81	NY70	MOLSON RS BEVERAGE	Pair Corr
0.95	MEC	Meiko Electronics	Pair Corr
0.69	MTX	MTU Aero Engines	Pair Corr
0.79	SDP	Summit Hotel Properties	Pair Corr
0.76	CFC	UET United Electronic	Pair Corr
0.83	CAI	CDN IMPERIAL BANK	Pair Corr
0.84	APC	Apple Inc	Pair Corr
0.69	DDN	Darden Restaurants	Pair Corr
0.61	AAH	AHLERS	Pair Corr
0.8	C8C	Consolidated Communications	Pair Corr
0.81	KEL	Kellogg Company	Pair Corr
0.83	NTOA	Nintendo	Pair Corr
0.71	WR1	W R Berkley Earnings Call This Week	Pair Corr
0.9	RHM	Rheinmetall AG	Pair Corr

Moving against AOYAMA Stock

0.77	GFG	Global Fashion Group Earnings Call This Week	Pair Corr
0.59	HO1	Hologic	Pair Corr
0.35	C2H	Copa Holdings SA	Pair Corr

Related Correlations Analysis

	H3M	BO5	H3M	9XJ	FR7	PN1	TT8	45P
H3M		0.12	0.96	0.19	-0.23	-0.03	0.1	0.23	H3M
BO5	0.12		0.05	-0.74	0.08	0.73	0.76	-0.56	BO5
H3M	0.96	0.05		0.23	-0.2	-0.06	0.05	0.24	H3M
9XJ	0.19	-0.74	0.23		-0.31	-0.63	-0.73	0.59	9XJ
FR7	-0.23	0.08	-0.2	-0.31		0.0	0.34	-0.43	FR7
PN1	-0.03	0.73	-0.06	-0.63	0.0		0.67	-0.49	PN1
TT8	0.1	0.76	0.05	-0.73	0.34	0.67		-0.62	TT8
45P	0.23	-0.56	0.24	0.59	-0.43	-0.49	-0.62		45P
	H3M	BO5	H3M	9XJ	FR7	PN1	TT8	45P

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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

H3M	+ 0.96	H3M
TT8	+ 0.76	BO5
PN1	+ 0.73	BO5
TT8	+ 0.67	PN1
45P	+ 0.59	9XJ
TT8	+ 0.34	FR7

High negative correlations

9XJ	- 0.74	BO5
TT8	- 0.73	9XJ
PN1	- 0.63	9XJ
45P	- 0.62	TT8
45P	- 0.56	BO5
45P	- 0.49	PN1

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
H3M	2.38	0.41	0.11	1.70	2.81	(2.53)	6.20	(5.24)	16.69
BO5	1.38	0.39	0.27	(13.73)	0.97	(2.09)	2.91	(2.26)	15.43
H3M	2.69	0.41	0.12	0.94	2.88	(3.02)	5.44	(5.50)	18.20
9XJ	2.49	0.08	0.01	0.14	3.26	(6.42)	5.88	(8.00)	22.29
FR7	1.67	(0.06)	0.00	(0.19)	0.00	0.00	3.04	(3.48)	12.18
PN1	2.36	0.31	0.12	(0.64)	2.46	(2.76)	6.02	(4.16)	15.84
TT8	2.02	0.21	0.07	0.27	2.79	(2.22)	5.63	(3.48)	18.48
45P	2.85	0.06	0.01	(0.10)	3.73	(3.99)	5.80	(6.57)	25.64

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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