Casio Computer Correlations

CAC1 Stock

EUR 8.69 0.08 0.91%

The current 90-days correlation between Casio Computer CoLtd and PT Indo Tambangraya is -0.07 (i.e., Good diversification). 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

Poor diversification

The correlation between Casio Computer CoLtd and DJI is 0.66 (i.e., Poor 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

0.85	MO7R	MOOG INC CL	Pair Corr
0.71	TCW	TOKYU STRUCTION	Pair Corr
0.92	BAS	BASF SE Earnings Call This Week	Pair Corr
0.73	2G0	Food Life Companies	Pair Corr
0.8	DJDA	DIeteren Group SA	Pair Corr
0.74	TWSA	TKH Group NV	Pair Corr
0.73	GLDA	Amundi Physical Gold	Pair Corr
0.82	317A	STINGRAY GROUP INC	Pair Corr
0.73	H3M	Hochschild Mining plc	Pair Corr
0.91	ENR	Siemens Energy AG	Pair Corr
0.76	BAOA	Bastogi SpA	Pair Corr
0.81	CWW	Commonwealth Bank	Pair Corr
0.92	VVD	Veolia Environnement Earnings Call This Week	Pair Corr
0.82	WCE	CECO ENVIRONMENTAL Earnings Call Tomorrow	Pair Corr
0.84	HZ8	Insteel Industries	Pair Corr
0.71	6IC	Iridium Communications	Pair Corr
0.71	PRHA	Prosegur Compaa de Earnings Call This Week	Pair Corr
0.65	NEF	Neste Oyj	Pair Corr
0.91	NQG	Monolithic Power Systems	Pair Corr
0.7	7GA	Gestamp Automoción Earnings Call This Week	Pair Corr
0.88	WWR	Woolworths Group Earnings Call Tomorrow	Pair Corr
0.72	NCO	Nedbank Group Limited	Pair Corr
0.77	SOBA	ATT Inc	Pair Corr
0.72	SZG	Salzgitter AG	Pair Corr
0.87	HSY	HERSHEY	Pair Corr
0.67	3YL	SMARTOPTICS GRP AS	Pair Corr

Moving against Casio Stock

0.5	DBPD	Xtrackers ShortDAX	Pair Corr
0.41	4AH1	PT Ace Hardware	Pair Corr

Related Correlations Analysis

	HX1A	3IB	OAIA	T9Q	IUA	T9Q	2P0N	BNB	BNB	3IB
HX1A		-0.54	0.0	0.42	0.2	-0.18	0.0	-0.1	-0.07	0.46	HX1A
3IB	-0.54		0.0	-0.23	-0.06	0.14	0.0	-0.04	0.01	-0.22	3IB
OAIA	0.0	0.0		0.0	0.0	0.0	1.0	0.0	0.0	0.0	OAIA
T9Q	0.42	-0.23	0.0		0.2	0.47	0.0	-0.22	-0.21	0.09	T9Q
IUA	0.2	-0.06	0.0	0.2		0.26	0.0	-0.61	-0.8	-0.52	IUA
T9Q	-0.18	0.14	0.0	0.47	0.26		0.0	-0.46	-0.44	-0.32	T9Q
2P0N	0.0	0.0	1.0	0.0	0.0	0.0		0.0	0.0	0.0	2P0N
BNB	-0.1	-0.04	0.0	-0.22	-0.61	-0.46	0.0		0.88	0.49	BNB
BNB	-0.07	0.01	0.0	-0.21	-0.8	-0.44	0.0	0.88		0.68	BNB
3IB	0.46	-0.22	0.0	0.09	-0.52	-0.32	0.0	0.49	0.68		3IB
	HX1A	3IB	OAIA	T9Q	IUA	T9Q	2P0N	BNB	BNB	3IB

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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

2P0N	+ 1.0	OAIA
BNB	+ 0.88	BNB
3IB	+ 0.68	BNB
3IB	+ 0.49	BNB
T9Q	+ 0.47	T9Q
3IB	+ 0.46	HX1A

High negative correlations

BNB	- 0.8	IUA
BNB	- 0.61	IUA
3IB	- 0.54	HX1A
3IB	- 0.52	IUA
BNB	- 0.46	T9Q
BNB	- 0.44	T9Q

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
HX1A	0.47	0.02	0.00	(0.02)	0.00	0.00	0.00	0.00	15.29
3IB	1.48	0.02	(0.01)	8.28	2.52	(3.53)	7.27	(6.78)	18.02
OAIA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
T9Q	2.83	0.23	0.03	(0.87)	3.81	(3.56)	8.99	(6.25)	22.00
IUA	3.62	0.75	0.13	1.22	3.60	(9.97)	19.42	(4.71)	42.26
T9Q	0.53	0.26	0.00	3.04	0.00	0.00	0.00	0.00	8.89
2P0N	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BNB	0.83	(0.21)	0.00	2.88	0.00	0.00	1.19	(2.30)	20.54
BNB	0.56	(0.37)	0.00	10.66	0.00	0.00	0.00	(2.27)	2.50
3IB	0.27	(0.05)	0.00	1.99	0.00	0.00	0.87	(0.85)	5.06

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
Takashi Kashio	Senior Headquarters	Profile
Tetsuro Ono	Executive Headquarters	Profile
Tetsuo Kashio	Executive Headquarters	Profile
Yasuhiro Kobayashi	Executive CHRO	Profile

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