ASICS CORP(UNSPADR)/1 Correlations
| ASI Stock | EUR 26.20 0.20 0.76% |
The current 90-days correlation between ASICS CORP(UNSPADR)/1 and China Resources Beer is -0.12 (i.e., Good diversification). The correlation of ASICS CORP(UNSPADR)/1 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 CORP(UNSPADR)/1 Correlation With Market
Very weak diversification
The correlation between ASICS P1 and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASICS P1 and DJI in the same portfolio, assuming nothing else is changed.
ASICS |
The ability to find closely correlated positions to ASICS CORP(UNSPADR)/1 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 CORP(UNSPADR)/1 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 CORP(UNSPADR)/1 - 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 P1 to buy it.
Moving together with ASICS Stock
| 0.66 | 8L8C | Liberty Broadband | PairCorr |
| 0.61 | 2SF | Sparebank 1 Ostlandet | PairCorr |
| 0.75 | NPV | Nippon Carbon | PairCorr |
| 0.68 | HKT | HK Electric Investments | PairCorr |
| 0.64 | TOM | Toyota Motor | PairCorr |
| 0.69 | SSUN | Samsung Electronics | PairCorr |
| 0.62 | 2N8 | Global Net Lease Earnings Call Tomorrow | PairCorr |
| 0.68 | 3RKU | RYOHIN UNSPADR1 | PairCorr |
| 0.69 | K3E | Kendrion NV Earnings Call This Week | PairCorr |
| 0.69 | TM9 | NorAm Drilling AS | PairCorr |
| 0.61 | MKT | MKS Instruments | PairCorr |
Moving against ASICS Stock
Related Correlations Analysis
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between ASICS Stock performing well and ASICS CORP(UNSPADR)/1 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 CORP(UNSPADR)/1'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HPI2 | 1.16 | (0.06) | 0.00 | (1.80) | 0.00 | 2.13 | 11.77 | |||
| 8YD | 3.11 | 0.29 | 0.04 | (0.26) | 3.58 | 5.99 | 30.94 | |||
| SJY | 2.18 | 0.39 | 0.07 | 0.82 | 1.99 | 5.56 | 36.51 | |||
| 8MN | 1.87 | (0.15) | 0.00 | 0.29 | 0.00 | 5.41 | 20.93 | |||
| CBW | 0.82 | (0.12) | 0.00 | (0.31) | 0.00 | 2.30 | 6.14 | |||
| I43 | 1.90 | 0.42 | 0.17 | 5.88 | 1.67 | 6.26 | 11.57 | |||
| 8P8 | 1.91 | 0.15 | 0.04 | 0.85 | 2.34 | 4.26 | 14.09 | |||
| CHK | 1.30 | (0.16) | 0.00 | 1.86 | 0.00 | 3.47 | 10.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ASICS CORP(UNSPADR)/1 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.Did you try this?
Run Idea Breakdown Now
Idea BreakdownAnalyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes |
| All Next | Launch Module |
ASICS CORP(UNSPADR)/1 Corporate Management
Elected by the shareholders, the ASICS CORP(UNSPADR)/1's board of directors comprises two types of representatives: ASICS CORP(UNSPADR)/1 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ASICS. The board's role is to monitor ASICS CORP(UNSPADR)/1's management team and ensure that shareholders' interests are well served. ASICS CORP(UNSPADR)/1's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, ASICS CORP(UNSPADR)/1's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ryoji Shoda | Executive Company | Profile | |
| Koji Hayashi | Managing Division | Profile | |
| Eriko Izumi | GM Officer | Profile | |
| Norio Takaoka | Managing Officer | Profile | |
| Akihiko Sadaka | Executive CDO | Profile |