Chiyoda Correlations

Stocks Germany . 
Stock . Chiyoda
CYA Stock  EUR 8.00  0.45  5.33%   
The current 90-days correlation between Chiyoda and BANK RAKYAT IND is -0.23 (i.e., Very good diversification). The correlation of Chiyoda 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.

Chiyoda Correlation With Market

Poor diversification

The correlation between Chiyoda and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chiyoda and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Chiyoda could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chiyoda 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 Chiyoda - 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 Chiyoda to buy it.

Moving together with Chiyoda Stock

  0.87KSF1 SHINHAN FINL ADR1PairCorr
  0.87KBIA KB Financial GroupPairCorr
  0.882WGA WOORI FIN GRPPairCorr
  0.76LFL0 LATAM Airlines GroupPairCorr
  0.85BSA Banco Santander ChilePairCorr
  0.87G4RA Banco de ChilePairCorr
  0.66PYCP Minera Alamos SplitPairCorr
  0.84317A STINGRAY GROUP INCPairCorr
  0.813RB RECKITT BENCK GRPPairCorr
  0.84LPK LPKF Laser ElectronicsPairCorr
  0.93SVKB SANDVIKPairCorr
  0.62SOBA ATT IncPairCorr
  0.73PRHA Prosegur Compaa dePairCorr
  0.74TCW TOKYU STRUCTIONPairCorr
  0.9NQG Monolithic Power SystemsPairCorr
  0.9WWR Woolworths Group Earnings Call This WeekPairCorr
  0.77SZG Salzgitter AGPairCorr
  0.78NCO Nedbank Group LimitedPairCorr
  0.73YL SMARTOPTICS GRP AS Earnings Call TomorrowPairCorr
  0.767GA Gestamp Automoción Earnings Call Next WeekPairCorr
  0.93ENR Siemens Energy AGPairCorr
  0.8SZL SOLSTAD OFFSHOREPairCorr
  0.74CWW Commonwealth BankPairCorr
  0.742G0 Food Life CompaniesPairCorr

Moving against Chiyoda Stock

  0.38EFF DTEFFWECHSEL BET SplitPairCorr
  0.543HB Hybrigenics SocietePairCorr
  0.424AH1 PT Ace HardwarePairCorr
  0.33DBPD Xtrackers ShortDAXPairCorr

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

SSU
+ 0.99
SSUN
SSU
+ 0.92
SSU
SSUN
+ 0.91
SSU
SSUN
+ 0.68
SSUN
ASJA
+ 0.67
SSUN
SSU
+ 0.67
SSUN
  

High negative correlations

BYRA
- 0.73
SSU
BYRA
- 0.73
SSUN
BYRA
- 0.66
SSU
BYRA
- 0.49
SSUN
BYRA
- 0.2
ASJA
BYRA
- 0.17
ASJA

Risk-Adjusted Indicators

There is a big difference between Chiyoda Stock performing well and Chiyoda 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 Chiyoda'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.

Be your own money manager

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

Elected by the shareholders, the Chiyoda's board of directors comprises two types of representatives: Chiyoda inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chiyoda. The board's role is to monitor Chiyoda's management team and ensure that shareholders' interests are well served. Chiyoda'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, Chiyoda's outside directors are responsible for providing unbiased perspectives on the board's policies.
Koji TarutaniCFO, VPProfile
Toshiya MomoseChief VPProfile
Setsuo IuchiVP PresProfile
Hideo MatsuiVPProfile
Fuminori HasegawaChief EVPProfile
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