SCREEN Holdings Correlations

DINRF Stock

USD 72.50 0.00 0.00%

The current 90-days correlation between SCREEN Holdings and Asm Pacific Technology is -0.06 (i.e., Good diversification). The correlation of SCREEN Holdings 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.

SCREEN Holdings Correlation With Market

Average diversification

The correlation between SCREEN Holdings Co and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SCREEN Holdings Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SCREEN OTC Stock

0.83	PPERY	Bank Mandiri Persero	Pair Corr
0.84	PPERF	Bank Mandiri Persero	Pair Corr
0.65	BKRKF	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.69	PTAIY	Astra International Tbk	Pair Corr
0.88	PTAIF	PT Astra International	Pair Corr
0.78	PBCRF	PT Bank Central	Pair Corr
0.84	PBCRY	Bank Central Asia	Pair Corr

Moving against SCREEN OTC Stock

0.87	TER	Teradyne	Pair Corr
0.72	ASMXF	ASM International Upward Rally	Pair Corr
0.71	ASMLF	ASML Holding NV	Pair Corr
0.7	ASML	ASML Holding NV	Pair Corr
0.63	TOELY	Tokyo Electron Earnings Call This Week	Pair Corr
0.55	TOELF	Tokyo Electron Earnings Call This Week	Pair Corr
0.48	KLAC	KLA Tencor	Pair Corr
0.9	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.88	GILT	Gilat Satellite Networks	Pair Corr
0.79	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr
0.74	VIST	Vista Oil Gas	Pair Corr
0.72	V	Visa Class A	Pair Corr
0.43	BAMXF	Bayerische Motoren Werke	Pair Corr
0.42	GILD	Gilead Sciences Earnings Call This Week	Pair Corr
0.39	CHKP	Check Point Software Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ASMVY	DSCSY	TOELF	LSRCF	SUOPY	LSRCY	ADTTF	AIXXF
ASMVY		-0.15	-0.1	0.78	0.78	0.82	-0.64	0.63	ASMVY
DSCSY	-0.15		0.46	-0.22	-0.1	-0.17	0.26	-0.21	DSCSY
TOELF	-0.1	0.46		-0.36	-0.37	-0.33	0.05	0.04	TOELF
LSRCF	0.78	-0.22	-0.36		0.88	0.91	-0.52	0.35	LSRCF
SUOPY	0.78	-0.1	-0.37	0.88		0.95	-0.57	0.31	SUOPY
LSRCY	0.82	-0.17	-0.33	0.91	0.95		-0.62	0.3	LSRCY
ADTTF	-0.64	0.26	0.05	-0.52	-0.57	-0.62		-0.24	ADTTF
AIXXF	0.63	-0.21	0.04	0.35	0.31	0.3	-0.24		AIXXF
	ASMVY	DSCSY	TOELF	LSRCF	SUOPY	LSRCY	ADTTF	AIXXF

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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

LSRCY	+ 0.95	SUOPY
LSRCY	+ 0.91	LSRCF
SUOPY	+ 0.88	LSRCF
LSRCY	+ 0.82	ASMVY
LSRCF	+ 0.78	ASMVY
SUOPY	+ 0.78	ASMVY

High negative correlations

ADTTF	- 0.64	ASMVY
ADTTF	- 0.62	LSRCY
ADTTF	- 0.57	SUOPY
ADTTF	- 0.52	LSRCF
SUOPY	- 0.37	TOELF
LSRCF	- 0.36	TOELF

Risk-Adjusted Indicators

There is a big difference between SCREEN OTC Stock performing well and SCREEN Holdings OTC Stock 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 SCREEN Holdings' 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
ASMVY	1.71	(0.33)	0.00	(1.61)	0.00	0.00	4.09	(3.63)	9.23
DSCSY	2.55	0.31	0.07	4.64	2.97	(2.77)	5.02	(4.85)	23.41
TOELF	2.74	0.06	0.00	0.24	2.83	(3.46)	6.91	(4.72)	17.54
LSRCF	1.23	(0.45)	0.00	0.97	0.00	0.00	0.28	(4.89)	27.67
SUOPY	2.14	(0.45)	0.00	(0.39)	0.00	0.00	4.40	(5.21)	18.58
LSRCY	1.91	(0.56)	0.00	(1.37)	0.00	0.00	3.13	(4.87)	13.38
ADTTF	1.02	0.40	0.00	(1.19)	0.00	0.00	0.00	0.00	25.45
AIXXF	2.17	(0.17)	0.00	1.51	0.00	0.00	4.65	(6.31)	14.45

SCREEN Holdings Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SCREEN Holdings otc stock to make a market-neutral strategy. Peer analysis of SCREEN Holdings could also be used in its relative valuation, which is a method of valuing SCREEN Holdings by comparing valuation metrics with similar companies.

Asm Pacific Technology Disco Corp ADR Tokyo Electron Lasertec Sumco Corp ADR Lasertec Advantest AIXTRON SE American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

SCREEN Holdings Corporate Management

Elected by the shareholders, the SCREEN Holdings' board of directors comprises two types of representatives: SCREEN Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SCREEN. The board's role is to monitor SCREEN Holdings' management team and ensure that shareholders' interests are well served. SCREEN Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SCREEN Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Yoshihisa Ishikawa	Executive Officer, Manager of Corporate Planning	Profile
Yoshiyuki Higuchi	Executive Officer	Profile
Tadashi Kawarabayashi	Executive Officer, Manager of General Affairs & Human Resources Office	Profile
Kazuo Kinose	Executive Officer	Profile
Masaki Yoshioka	Executive Officer, Manager of 3rd Technology Development Office	Profile
Shunichi Hasegawa	Head Department	Profile

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