IHI Corp Correlations
| IHICY Stock | USD 12.81 0.11 0.85% |
The current 90-days correlation between IHI Corp ADR and Fanuc is 0.22 (i.e., Modest diversification). The correlation of IHI Corp 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.
IHI Corp Correlation With Market
Very weak diversification
The correlation between IHI Corp ADR and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IHI Corp ADR and DJI in the same portfolio, assuming nothing else is changed.
IHI |
The ability to find closely correlated positions to IHI Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IHI Corp 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 IHI Corp - 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 IHI Corp ADR to buy it.
Moving together with IHI Pink Sheet
| 0.88 | ETN | Eaton PLC | PairCorr |
| 0.85 | PH | Parker Hannifin | PairCorr |
| 0.85 | ITW | Illinois Tool Works | PairCorr |
| 0.77 | EMR | Emerson Electric | PairCorr |
| 0.88 | VRT | Vertiv Holdings | PairCorr |
| 0.75 | NVDA | NVIDIA | PairCorr |
| 0.85 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.71 | IONQ | IONQ Inc | PairCorr |
| 0.71 | NDAQ | Nasdaq Inc | PairCorr |
| 0.77 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.74 | WMT | Walmart Aggressive Push | PairCorr |
| 0.86 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.8 | T | ATT Inc Aggressive Push | PairCorr |
| 0.67 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.61 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.73 | CVX | Chevron Corp Sell-off Trend | PairCorr |
Moving against IHI Pink Sheet
| 0.82 | EPGG | Empire Global Gaming | PairCorr |
| 0.7 | TPDDF | Talon Energy | PairCorr |
| 0.66 | IMHC | Imperalis Holding Corp | PairCorr |
| 0.5 | CHHE | China Health Industries | PairCorr |
| 0.37 | GBHPF | Global Hemp Group | PairCorr |
| 0.83 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.8 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.74 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.71 | KO | Coca Cola Sell-off Trend | PairCorr |
| 0.56 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.35 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.52 | 0.65 | -0.55 | 0.67 | SDVKY | ||
| 0.52 | 0.16 | 0.09 | -0.06 | SBGSY | ||
| 0.65 | 0.16 | -0.19 | 0.42 | FANUY | ||
| -0.55 | 0.09 | -0.19 | -0.83 | ROK | ||
| 0.67 | -0.06 | 0.42 | -0.83 | VWDRY | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between IHI Pink Sheet performing well and IHI Corp 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 IHI Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SDVKY | 1.26 | (0.20) | 0.00 | 3.45 | 0.00 | 2.09 | 10.13 | |||
| SBGSY | 1.16 | (0.02) | 0.00 | (0.54) | 0.00 | 2.35 | 8.25 | |||
| FANUY | 1.38 | (0.25) | 0.00 | (0.09) | 0.00 | 2.89 | 8.65 | |||
| ROK | 1.34 | (0.05) | 0.03 | 0.09 | 1.44 | 3.13 | 14.96 | |||
| VWDRY | 2.17 | (0.62) | 0.00 | 1.05 | 0.00 | 3.62 | 18.47 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in IHI Corp 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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IHI Corp Corporate Management
| Takeshi Yamada | Executive Officer | Profile | |
| Akihiro Seo | GM Officer | Profile | |
| Hiroshi Ide | Executive Officer, Assistant Manager of Resources & Energy & Environment Business Field | Profile | |
| Yoshikazu Hamada | Ex Division | Profile | |
| Chie Fukuoka | Exec Division | Profile |