Hino Motors Correlations
| HINOY Stock | USD 26.00 0.82 3.26% |
The current 90-days correlation between Hino Motors and Volkswagen AG 110 is 0.15 (i.e., Average diversification). The correlation of Hino Motors 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.
Hino Motors Correlation With Market
Good diversification
The correlation between Hino Motors Ltd and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hino Motors Ltd and DJI in the same portfolio, assuming nothing else is changed.
Hino |
The ability to find closely correlated positions to Hino Motors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hino Motors 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 Hino Motors - 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 Hino Motors Ltd to buy it.
Moving together with Hino Pink Sheet
| 0.79 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.74 | MBGAF | Mercedes Benz Group | PairCorr |
| 0.74 | MBGYY | Mercedes Benz Group | PairCorr |
| 0.77 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.8 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.79 | VLKAF | Volkswagen AG | PairCorr |
| 0.82 | MCAE | Mountain Crest Acqui | PairCorr |
Moving against Hino Pink Sheet
| 0.78 | HNRC | Houston Natural Resources | PairCorr |
| 0.77 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.61 | ROCL | Roth CH Acquisition | PairCorr |
| 0.6 | SLF | Sun Life Financial | PairCorr |
| 0.76 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.73 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.69 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.66 | WMT | Walmart Aggressive Push | PairCorr |
| 0.65 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.65 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.56 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.55 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.46 | HPQ | HP Inc | PairCorr |
| 0.37 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| 0.72 | 0.64 | 0.95 | -0.84 | VWAGY | ||
| 0.72 | 0.81 | 0.59 | -0.45 | STLA | ||
| 0.64 | 0.81 | 0.57 | -0.39 | TM | ||
| 0.95 | 0.59 | 0.57 | -0.87 | HMC | ||
| -0.84 | -0.45 | -0.39 | -0.87 | GM | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Hino Pink Sheet performing well and Hino Motors 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 Hino Motors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VWAGY | 1.44 | (0.43) | 0.00 | 9.63 | 0.00 | 2.64 | 8.96 | |||
| STLA | 1.79 | (0.48) | 0.00 | (0.47) | 0.00 | 2.56 | 15.52 | |||
| TM | 1.14 | (0.21) | 0.00 | (0.23) | 0.00 | 2.19 | 7.42 | |||
| HMC | 1.29 | (0.34) | 0.00 | 3.34 | 0.00 | 2.55 | 10.82 | |||
| GM | 1.62 | 0.05 | 0.03 | 0.15 | 2.37 | 3.74 | 18.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hino Motors 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.Did you try this?
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Hino Motors Corporate Management
| Hisaki Torisaka | Chief Division | Profile | |
| Ryoichi Shimizu | Sr Officer | Profile | |
| Toshiya Suzuki | Managing Director | Profile | |
| Noboru Kaikawa | Sr Officer | Profile | |
| Satoshi Ogiso | Pres Director | Profile |