Casio Computer Correlations

CAC1 Stock

EUR 6.59 0.06 0.92%

The correlation of Casio Computer 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.

Casio Computer Correlation With Market

Good diversification

The correlation between Casio Computer CoLtd and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Casio Computer CoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Casio Stock

0.67	SSU	Samsung Electronics	Pair Corr
0.67	SSUN	Samsung Electronics	Pair Corr
0.81	KYR	Kyocera	Pair Corr

Moving against Casio Stock

0.83	3CP	Xiaomi	Pair Corr
0.71	W5E	Peel Mining Limited	Pair Corr
0.71	UN3	United Natural Foods	Pair Corr
0.63	APC	Apple Inc	Pair Corr
0.62	APC	Apple Inc	Pair Corr
0.62	MAT1	Panasonic Corp	Pair Corr
0.55	SON1	Sony Group Corp	Pair Corr
0.51	3HB	HYBRIGENICS A	Pair Corr
0.35	RNF	Meteoric Resources	Pair Corr
0.31	DBPE	Xtrackers LevDAX	Pair Corr

Related Correlations Analysis

	13O	6AH	H3M	M8G	2G0	07M	4H7	GS2C
13O		0.0	0.0	0.0	0.0	0.0	0.0	0.0	13O
6AH	0.0		0.59	0.32	0.66	0.78	-0.24	0.23	6AH
H3M	0.0	0.59		0.61	0.67	0.61	-0.15	0.35	H3M
M8G	0.0	0.32	0.61		0.69	0.59	0.03	0.7	M8G
2G0	0.0	0.66	0.67	0.69		0.74	-0.38	0.7	2G0
07M	0.0	0.78	0.61	0.59	0.74		0.07	0.32	07M
4H7	0.0	-0.24	-0.15	0.03	-0.38	0.07		-0.42	4H7
GS2C	0.0	0.23	0.35	0.7	0.7	0.32	-0.42		GS2C
	13O	6AH	H3M	M8G	2G0	07M	4H7	GS2C

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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

07M	+ 0.78	6AH
07M	+ 0.74	2G0
GS2C	+ 0.7	M8G
GS2C	+ 0.7	2G0
2G0	+ 0.69	M8G
2G0	+ 0.67	H3M

High negative correlations

GS2C	- 0.42	4H7
4H7	- 0.38	2G0
4H7	- 0.24	6AH
4H7	- 0.15	H3M
GS2C	- 0.0	13O
4H7	- 0.0	13O

Risk-Adjusted Indicators

There is a big difference between Casio Stock performing well and Casio Computer 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 Casio Computer'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
13O	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
6AH	0.53	0.08	0.00	(0.60)	0.00	0.00	0.00	0.00	16.89
H3M	2.69	0.34	0.08	1.10	2.75	(3.16)	6.73	(4.95)	18.20
M8G	2.55	0.48	0.12	17.67	2.56	(3.12)	5.74	(4.88)	15.99
2G0	1.31	0.24	0.07	2.15	1.23	(1.82)	2.67	(2.78)	9.27
07M	2.49	0.39	0.11	0.55	2.82	(3.34)	5.82	(4.15)	20.53
4H7	1.80	(0.01)	(0.05)	0.08	1.87	(2.62)	4.21	(3.09)	11.70
GS2C	2.77	0.39	0.12	0.61	2.82	(3.24)	9.42	(4.06)	21.90

Be your own money manager

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

Elected by the shareholders, the Casio Computer's board of directors comprises two types of representatives: Casio Computer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Casio. The board's role is to monitor Casio Computer's management team and ensure that shareholders' interests are well served. Casio Computer'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, Casio Computer's outside directors are responsible for providing unbiased perspectives on the board's policies.

Nobuyuki Mochinaga	Exec Headquarters	Profile
Kazuhiro Kashio	Pres Chairman	Profile
Jin Nakayama	CHRO Officer	Profile
Toshiyuki Yamagishi	Ex Director	Profile
Takashi Kashio	Sr Headquarters	Profile
Tetsuo Kashio	Sr Officer	Profile
Shin Takano	CFO Officer	Profile

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