Daifuku Correlations

DFKCY Stock

USD 10.14 0.02 0.20%

The current 90-days correlation between Daifuku and Yokogawa Electric is 0.03 (i.e., Significant diversification). The correlation of Daifuku 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Daifuku Correlation With Market

Average diversification

The correlation between Daifuku Co and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daifuku Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Daifuku Pink Sheet

0.65	PH	Parker Hannifin	Pair Corr
0.89	EMR	Emerson Electric	Pair Corr
0.87	MOGO	Mogo Inc	Pair Corr
0.63	TATT	Tat Techno	Pair Corr
0.7	AROC	Archrock	Pair Corr
0.66	FSK	FS KKR Capital	Pair Corr
0.8	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.71	UAL	United Airlines Holdings Earnings Call This Week	Pair Corr
0.62	SLSR	Solaris Resources	Pair Corr
0.83	MUFG	Mitsubishi UFJ Financial Sell-off Trend	Pair Corr
0.77	PRVA	Privia Health Group	Pair Corr
0.75	TSLA	Tesla Inc Aggressive Push	Pair Corr
0.84	DIS	Walt Disney	Pair Corr
0.67	CLS	Celestica	Pair Corr
0.84	QNCX	Quince Therapeutics,	Pair Corr

Moving against Daifuku Pink Sheet

0.41	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.41	SBGSF	Schneider Electric	Pair Corr
0.4	ATLPF	Atlas Copco AB Potential Growth	Pair Corr
0.37	SBGSY	Schneider Electric	Pair Corr
0.35	SHLS	Shoals Technologies	Pair Corr

Related Correlations Analysis

	YOKEF	NJDCY	SIEGY	ETN	NLLSF	NXHSF	NLLSY	ROSN	SMCAY
YOKEF		0.0	-0.26	0.33	-0.74	-0.53	-0.69	0.58	-0.26	YOKEF
NJDCY	0.0		0.85	-0.49	-0.16	0.18	-0.14	0.24	-0.39	NJDCY
SIEGY	-0.26	0.85		-0.35	0.26	0.27	0.32	-0.22	0.0	SIEGY
ETN	0.33	-0.49	-0.35		-0.12	-0.43	-0.05	-0.1	0.51	ETN
NLLSF	-0.74	-0.16	0.26	-0.12		0.25	0.93	-0.9	0.67	NLLSF
NXHSF	-0.53	0.18	0.27	-0.43	0.25		0.26	-0.14	-0.08	NXHSF
NLLSY	-0.69	-0.14	0.32	-0.05	0.93	0.26		-0.89	0.75	NLLSY
ROSN	0.58	0.24	-0.22	-0.1	-0.9	-0.14	-0.89		-0.78	ROSN
SMCAY	-0.26	-0.39	0.0	0.51	0.67	-0.08	0.75	-0.78		SMCAY
	YOKEF	NJDCY	SIEGY	ETN	NLLSF	NXHSF	NLLSY	ROSN	SMCAY

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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

NLLSY	+ 0.93	NLLSF
SIEGY	+ 0.85	NJDCY
SMCAY	+ 0.75	NLLSY
SMCAY	+ 0.67	NLLSF
ROSN	+ 0.58	YOKEF
SMCAY	+ 0.51	ETN

High negative correlations

ROSN	- 0.9	NLLSF
ROSN	- 0.89	NLLSY
SMCAY	- 0.78	ROSN
NLLSF	- 0.74	YOKEF
NLLSY	- 0.69	YOKEF
NXHSF	- 0.53	YOKEF

Risk-Adjusted Indicators

There is a big difference between Daifuku Pink Sheet performing well and Daifuku 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 Daifuku'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
YOKEF	0.23	0.11	0.00	(0.98)	0.00	0.00	0.00	0.00	7.64
NJDCY	1.59	0.12	0.04	(0.48)	2.06	(1.57)	3.35	(3.52)	8.71
SIEGY	1.12	0.44	0.39	6.12	0.64	(1.40)	3.32	(1.58)	5.07
ETN	1.07	0.00	(0.01)	0.02	1.33	(1.12)	2.17	(2.19)	9.88
NLLSF	4.17	(0.80)	0.00	1.51	0.00	0.00	5.26	(9.52)	36.45
NXHSF	5.22	0.37	0.01	0.89	8.62	(24.98)	17.50	(27.27)	93.11
NLLSY	2.21	(1.04)	0.00	(2.02)	0.00	0.00	0.17	(10.69)	29.08
ROSN	9.70	2.83	0.20	0.78	9.83	(14.35)	18.18	(18.75)	89.77
SMCAY	1.21	(0.27)	0.00	(0.66)	0.00	0.00	1.90	(2.71)	7.90

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Our tools can tell you how much better you can do entering a position in Daifuku 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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