Calbee Correlations

9CB Stock  EUR 17.90  0.30  1.65%   
The current 90-days correlation between Calbee Inc and GameStop Corp is -0.06 (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

Good diversification

The correlation between Calbee Inc and DJI is -0.01 (i.e., Good 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

  0.66NESM Nestlé SAPairCorr
  0.79KHNZ Kraft HeinzPairCorr
  0.83GRM General MillsPairCorr
  0.83GRM General MillsPairCorr
  0.64PQ9 BANK MANDIRIPairCorr
  0.63PQ9 BANK MANDIRIPairCorr
  0.65BYRA BANK RAKYAT INDPairCorr
  0.61BYRA PT Bank RakyatPairCorr
  0.65BZG2 BANK CENTRAL ASIA Earnings Call This WeekPairCorr
  0.71BZG2 BANK CENTRAL ASIA Earnings Call This WeekPairCorr

Moving against Calbee Stock

  0.67KEL Kellogg CompanyPairCorr
  0.63HEI Heidelberg MaterialsPairCorr
  0.62FDX FedExPairCorr
  0.59RHM Rheinmetall AGPairCorr
  0.58CE1 Perdoceo EducationPairCorr
  0.57FAA FABASOFT DusseldorfPairCorr
  0.56C7T CTT CorreiosPairCorr
  0.551FA SPROUTS FARMERS MKTPairCorr
  0.463RKU RYOHIN UNSPADR/1PairCorr
  0.44FOO SalesforcePairCorr
  0.44NH5 NH HOTEL GROUPPairCorr
  0.371YD BroadcomPairCorr
  0.36YC3 CONCORDIA FINL GROUPPairCorr
  0.34UN9 UNIQA INSURANCE GRPairCorr
  0.67SNQB SANOMA DusseldorfPairCorr
  0.54TL0 Tesla Inc Earnings Call This WeekPairCorr
  0.48Z56 QINGCI GAMES INCPairCorr
  0.47MEC Meiko ElectronicsPairCorr

Related Correlations Analysis

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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   
45PUS8
H3MUS8
US8M0G
H3M45P
GS2CM0G
H3MM0G
  
High negative correlations   
GM6RHRD
GS2CUS8
GS2C45P
H3MGS2C
H3MGM6
GM6GS2C

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.

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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