Aozora Bank Correlations
| AOZOY Stock | USD 4.39 0.00 0.00% |
The current 90-days correlation between Aozora Bank and PSB Holdings is -0.04 (i.e., Good diversification). The correlation of Aozora Bank 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Aozora Bank Correlation With Market
Good diversification
The correlation between Aozora Bank Ltd and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aozora Bank Ltd and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Aozora Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aozora Bank 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 Aozora Bank - 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 Aozora Bank Ltd to buy it.
Moving against Aozora Pink Sheet
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Related Correlations Analysis
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Be your own money manager
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Aozora Bank Corporate Management
| Akira Sakai | Executive Officer | Profile | |
| Koji Yamakoshi | Executive Officer | Profile | |
| Toru Takahashi | Ex Unit | Profile | |
| Jaimee Rhodes | IR Expert | Profile | |
| Yukiko Morita | Ex Group | Profile | |
| Kei Tanikawa | Executive Officer | Profile | |
| Masaharu Matsuura | Gen Division | Profile |