ASICS Correlations

ASCCF Stock

USD 25.00 1.25 4.76%

The current 90-days correlation between ASICS and Moncler SpA is 0.03 (i.e., Significant diversification). The correlation of ASICS 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.

ASICS Correlation With Market

Good diversification

The correlation between ASICS 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 ASICS and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ASICS Pink Sheet

0.75	ADDYY	Adidas AG ADR	Pair Corr
0.68	VFSWW	VinFast Auto	Pair Corr

Moving against ASICS Pink Sheet

0.72	SHG	Shinhan Financial	Pair Corr
0.62	EC	Ecopetrol SA ADR	Pair Corr
0.58	KB	KB Financial Group	Pair Corr
0.39	SMSEY	Samsonite International	Pair Corr
0.36	VFS	VinFast Auto	Pair Corr
0.8	TER	Teradyne	Pair Corr
0.75	TLK	Telkom Indonesia Tbk	Pair Corr
0.7	OYSE	Oyster Enterprises	Pair Corr
0.65	MHTZF	Manhattan Limited	Pair Corr
0.63	CNGKY	CK Asset Holdings	Pair Corr
0.61	TPRP	Tower Properties	Pair Corr
0.51	COO	Cooper Companies,	Pair Corr
0.42	STRC	MicroStrategy Incorporated	Pair Corr
0.31	SZLMY	Swiss Life Holding Normal Trading	Pair Corr
0.8	CTBG	Coil Tubing Technology	Pair Corr
0.71	FN	Fabrinet Tech Boost	Pair Corr
0.68	BBVA	Banco Bilbao Viscaya	Pair Corr
0.66	TIAJF	Telecom Italia SpA	Pair Corr
0.62	AXP	American Express	Pair Corr
0.6	00206RAD4	ATT INC 65	Pair Corr

Related Correlations Analysis

	MONRF	MONRY	NXGPF	KNBHF	GWLLY	AMCCF	KNRRY	NIOIF	FUJHY	PRDSF
MONRF		0.87	0.78	0.55	-0.49	0.55	0.63	-0.72	0.77	0.18	MONRF
MONRY	0.87		0.82	0.56	-0.59	0.67	0.76	-0.85	0.78	0.14	MONRY
NXGPF	0.78	0.82		0.61	-0.55	0.58	0.63	-0.76	0.71	-0.09	NXGPF
KNBHF	0.55	0.56	0.61		-0.58	0.52	0.82	-0.76	0.53	-0.16	KNBHF
GWLLY	-0.49	-0.59	-0.55	-0.58		-0.44	-0.61	0.71	-0.44	0.18	GWLLY
AMCCF	0.55	0.67	0.58	0.52	-0.44		0.63	-0.71	0.5	0.2	AMCCF
KNRRY	0.63	0.76	0.63	0.82	-0.61	0.63		-0.87	0.64	-0.06	KNRRY
NIOIF	-0.72	-0.85	-0.76	-0.76	0.71	-0.71	-0.87		-0.66	0.01	NIOIF
FUJHY	0.77	0.78	0.71	0.53	-0.44	0.5	0.64	-0.66		0.18	FUJHY
PRDSF	0.18	0.14	-0.09	-0.16	0.18	0.2	-0.06	0.01	0.18		PRDSF
	MONRF	MONRY	NXGPF	KNBHF	GWLLY	AMCCF	KNRRY	NIOIF	FUJHY	PRDSF

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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

MONRY	+ 0.87	MONRF
NXGPF	+ 0.82	MONRY
KNRRY	+ 0.82	KNBHF
NXGPF	+ 0.78	MONRF
FUJHY	+ 0.78	MONRY
FUJHY	+ 0.77	MONRF

High negative correlations

NIOIF	- 0.87	KNRRY
NIOIF	- 0.85	MONRY
NIOIF	- 0.76	KNBHF
NIOIF	- 0.76	NXGPF
NIOIF	- 0.72	MONRF
NIOIF	- 0.71	AMCCF

Risk-Adjusted Indicators

There is a big difference between ASICS Pink Sheet performing well and ASICS 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 ASICS'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
MONRF	1.11	0.15	0.02	0.31	1.67	(4.25)	5.92	(2.87)	16.68
MONRY	1.40	0.11	0.05	0.21	1.59	(1.44)	3.52	(2.60)	7.25
NXGPF	0.41	0.20	0.00	26.10	0.00	0.00	0.00	0.00	13.75
KNBHF	0.48	0.11	0.03	(10.57)	0.46	(4.08)	2.50	(0.91)	6.45
GWLLY	3.02	(0.27)	0.00	0.74	0.00	0.00	7.22	(7.29)	23.97
AMCCF	0.82	0.02	(0.01)	(0.61)	1.50	(2.74)	1.94	(2.70)	13.05
KNRRY	1.24	0.17	0.11	0.18	1.34	(1.31)	2.62	(2.40)	6.29
NIOIF	1.77	(0.51)	0.00	(3.58)	0.00	0.00	3.40	(6.36)	15.47
FUJHY	1.39	0.09	0.05	0.15	1.54	(1.59)	2.82	(2.70)	8.83
PRDSF	3.01	0.08	0.00	0.46	4.48	(5.32)	7.23	(9.45)	26.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in ASICS 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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ASICS Corporate Management

Takaaki Kondo	Executive Officer	Profile
Takeshi Horikomi	Dty Div	Profile
Junji Kobayashi	Executive Officer	Profile
Koji Hayashi	Executive Officer	Profile
Megumi Ohta	Executive Officer	Profile
Kenichi Harano	Executive Officer	Profile
Akihiko Sadaka	Ex Division	Profile

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