SCREEN Holdings Correlations
| DINRF Stock | USD 59.68 0.00 0.00% |
The current 90-days correlation between SCREEN Holdings and ASML Holding NV is -0.17 (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
Good diversification
The correlation between SCREEN Holdings Co and DJI is -0.11 (i.e., Good 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.
SCREEN |
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
| 0.69 | ASMLF | ASML Holding NV | PairCorr |
| 0.68 | ASML | ASML Holding NV Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.64 | KLAC | KLA Tencor | PairCorr |
| 0.73 | ASMXF | ASM International | PairCorr |
| 0.78 | TER | Teradyne | PairCorr |
Moving against SCREEN OTC Stock
| 0.78 | ASMIY | ASM International | PairCorr |
| 0.43 | INRE | Inland Real Estateome | PairCorr |
| 0.89 | ALAB | Astera Labs, Common | PairCorr |
| 0.88 | CBIO | Catalyst Biosciences | PairCorr |
| 0.88 | NVDA | NVIDIA | PairCorr |
| 0.87 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.87 | ZM | Zoom Video Communications Earnings Call Today | PairCorr |
| 0.86 | MRVL | Marvell Technology Earnings Call This Week | PairCorr |
| 0.84 | CRWD | Crowdstrike Holdings Earnings Call Tomorrow | PairCorr |
| 0.81 | ITRI | Itron Inc | PairCorr |
| 0.76 | KSCP | Knightscope | PairCorr |
| 0.76 | NDAQ | Nasdaq Inc | PairCorr |
| 0.67 | EXK | Endeavour Silver Corp | PairCorr |
| 0.65 | QUBT | Quantum Computing Trending | PairCorr |
| 0.63 | ACHR | Archer Aviation Trending | PairCorr |
| 0.5 | META | Meta Platforms Aggressive Push | PairCorr |
| 0.46 | APLD | Applied Blockchain Trending | PairCorr |
| 0.4 | BYDDF | BYD Limited | PairCorr |
| 0.9 | CFLT | Confluent | PairCorr |
| 0.88 | CRM | Salesforce Earnings Call This Week | PairCorr |
| 0.86 | GVA | Granite Construction | PairCorr |
| 0.84 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
Related Correlations Analysis
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASML | 2.02 | (0.56) | 0.00 | (0.32) | 0.00 | 3.76 | 22.75 | |||
| AMAT | 1.95 | (0.36) | 0.00 | (0.11) | 0.00 | 4.31 | 16.93 | |||
| LRCX | 2.02 | (0.33) | 0.00 | (0.14) | 0.00 | 4.40 | 16.34 | |||
| KLAC | 1.99 | (0.49) | 0.00 | (0.18) | 0.00 | 3.24 | 20.36 | |||
| TER | 2.01 | (0.50) | 0.00 | (0.13) | 0.00 | 3.61 | 16.21 |
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.
| 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 |