Calbee Correlations

9CB Stock

EUR 16.50 0.50 2.94%

The current 90-days correlation between Calbee Inc and Berkshire Hathaway is -0.02 (i.e., Good diversification). The correlation of Calbee 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.

Calbee Correlation With Market

Very weak diversification

The correlation between Calbee Inc and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Calbee Inc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Calbee Stock

0.78	TQI	TELECOM ITALIA	Pair Corr
0.64	4OQ1	AGNC Investment Corp	Pair Corr
0.74	P7T	PT Bank Pembangunan	Pair Corr
0.64	EMD	ENM Holdings Limited	Pair Corr
0.72	IMP	IMPERIAL OIL	Pair Corr
0.71	G7A	Grupo Aeroportuario del	Pair Corr
0.64	32GA	Thunderbird Entertainment	Pair Corr
0.68	V1L	Valero Energy	Pair Corr
0.64	RE3	Richardson Electronics	Pair Corr
0.75	KU1	Kulicke and Soffa	Pair Corr
0.7	TOTB	TotalEnergies SE	Pair Corr
0.7	HSY	Hershey	Pair Corr
0.64	TGR	YUM BRANDS	Pair Corr
0.68	DYF1	Dynavax Technologies	Pair Corr
0.73	TGE1	Mobilezone Holding Earnings Call This Week	Pair Corr

Moving against Calbee Stock

0.53	APC	Apple Inc	Pair Corr
0.51	APC8	APPLE INC CDR	Pair Corr
0.5	APC	Apple Inc	Pair Corr
0.53	DBPD	Xtrackers ShortDAX	Pair Corr
0.44	06L	PT Global Mediacom	Pair Corr

Related Correlations Analysis

	BRYN	BRH	BRYN	GGG	UTY	0DY	OTP	LSPP
BRYN		0.95	0.98	-0.05	0.4	-0.08	-0.58	0.27	BRYN
BRH	0.95		0.97	-0.03	0.45	-0.05	-0.58	0.29	BRH
BRYN	0.98	0.97		-0.08	0.41	-0.1	-0.58	0.25	BRYN
GGG	-0.05	-0.03	-0.08		-0.19	0.8	0.62	0.34	GGG
UTY	0.4	0.45	0.41	-0.19		-0.1	-0.34	0.21	UTY
0DY	-0.08	-0.05	-0.1	0.8	-0.1		0.6	0.31	0DY
OTP	-0.58	-0.58	-0.58	0.62	-0.34	0.6		0.2	OTP
LSPP	0.27	0.29	0.25	0.34	0.21	0.31	0.2		LSPP
	BRYN	BRH	BRYN	GGG	UTY	0DY	OTP	LSPP

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

BRYN	+ 0.98	BRYN
BRYN	+ 0.97	BRH
BRH	+ 0.95	BRYN
0DY	+ 0.8	GGG
OTP	+ 0.62	GGG
OTP	+ 0.6	0DY

High negative correlations

OTP	- 0.58	BRYN
OTP	- 0.58	BRH
OTP	- 0.58	BRYN
OTP	- 0.34	UTY
UTY	- 0.19	GGG
0DY	- 0.1	UTY

Risk-Adjusted Indicators

There is a big difference between Calbee Stock performing well and Calbee 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 Calbee'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
BRYN	0.75	(0.02)	0.00	0.15	0.00	0.00	1.73	(1.64)	5.17
BRH	0.72	(0.03)	0.00	0.21	0.00	0.00	1.53	(1.43)	3.92
BRYN	0.77	(0.04)	0.00	0.38	0.00	0.00	1.39	(1.42)	5.19
GGG	2.87	0.31	0.07	(29.55)	2.64	(4.83)	9.09	(5.19)	22.73
UTY	2.42	(0.12)	(0.01)	0.02	3.90	(2.55)	5.98	(5.96)	21.76
0DY	1.85	0.10	0.02	0.35	2.00	(2.49)	4.72	(4.17)	9.53
OTP	1.89	0.31	0.10	1.17	2.19	(2.06)	4.11	(3.51)	17.55
LSPP	0.92	0.13	0.03	(0.66)	1.11	(0.97)	2.02	(1.69)	5.40

Be your own money manager

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