ITOCHU Correlations

ITOCF Stock

USD 45.10 0.42 0.94%

The current 90-days correlation between ITOCHU and Sumitomo Corp ADR is 0.1 (i.e., Average diversification). The correlation of ITOCHU 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.

ITOCHU Correlation With Market

Average diversification

The correlation between ITOCHU and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ITOCHU and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with ITOCHU Pink Sheet

0.69

ITOCY

Itochu Corp ADR Earnings Call This Week

Pair Corr

Moving against ITOCHU Pink Sheet

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0.65	GILT	Gilat Satellite Networks	Pair Corr
0.58	REKR	Rekor Systems Buyout Trend	Pair Corr
0.52	02156TAB0	Altice Europe 105	Pair Corr
0.48	AZPN	Aspen Technology	Pair Corr
0.48	DAVA	Endava	Pair Corr
0.41	AYYLF	Ayala	Pair Corr
0.38	FRSX	Foresight Autonomous	Pair Corr
0.64	MNPR	Monopar Therapeutics	Pair Corr
0.51	DNA	Ginkgo Bioworks Holdings Upward Rally	Pair Corr
0.49	NTDOY	Nintendo Co ADR Earnings Call This Week	Pair Corr
0.47	EXCH	Exchange Bankshares	Pair Corr
0.46	BTI	British American Tobacco Earnings Call This Week	Pair Corr
0.44	BIT	Blackrock Multi Sector	Pair Corr
0.36	VUZI	Vuzix Corp Cmn Buyout Trend	Pair Corr
0.35	JOBY	Joby Aviation	Pair Corr
0.34	PLTR	Palantir Technologies Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SSUMY	MITSF	MARUY	MSBHF	ITOCY	MITSY	MARUF
SSUMY		0.43	0.48	0.27	0.54	-0.23	0.2	SSUMY
MITSF	0.43		0.43	0.22	0.52	-0.26	0.25	MITSF
MARUY	0.48	0.43		0.76	0.72	0.01	0.64	MARUY
MSBHF	0.27	0.22	0.76		0.68	0.17	0.4	MSBHF
ITOCY	0.54	0.52	0.72	0.68		0.06	0.51	ITOCY
MITSY	-0.23	-0.26	0.01	0.17	0.06		0.14	MITSY
MARUF	0.2	0.25	0.64	0.4	0.51	0.14		MARUF
	SSUMY	MITSF	MARUY	MSBHF	ITOCY	MITSY	MARUF

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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

MSBHF	+ 0.76	MARUY
ITOCY	+ 0.72	MARUY
ITOCY	+ 0.68	MSBHF
MARUF	+ 0.64	MARUY
ITOCY	+ 0.54	SSUMY
ITOCY	+ 0.52	MITSF

High negative correlations

MITSY	- 0.26	MITSF
MITSY	- 0.23	SSUMY

Risk-Adjusted Indicators

There is a big difference between ITOCHU Pink Sheet performing well and ITOCHU 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 ITOCHU'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
SSUMY	0.99	0.01	(0.03)	0.10	1.25	(1.05)	2.13	(2.13)	7.56
MITSF	2.58	(0.11)	0.00	(0.01)	0.00	0.00	5.38	(6.06)	23.89
MARUY	1.30	(0.07)	0.00	(0.02)	0.00	0.00	2.80	(2.59)	7.06
MSBHF	1.23	(0.18)	0.00	(16.14)	0.00	0.00	2.45	(2.56)	6.10
ITOCY	0.99	(0.12)	0.00	(0.22)	0.00	0.00	2.13	(2.14)	8.96
MITSY	0.84	0.22	0.13	(3.59)	0.65	(0.98)	1.94	(1.61)	3.90
MARUF	2.72	0.02	(0.01)	0.14	3.32	(3.66)	6.72	(5.15)	26.10

Be your own money manager

Our tools can tell you how much better you can do entering a position in ITOCHU 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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ITOCHU Corporate Management

Nobuya Urashima	Gen Division	Profile
Hiroyuki Naka	Digital Strategy	Profile
Fumihiko Kobayashi	Chief Accounting Officer, Managing Executive Officer and General Manager of HR and General Affairs Division	Profile
Tomoyuki Takada	General Manager of Corporate Communication Division	Profile
Yoshiko Matoba	GM Officer	Profile
Kazuaki Yamaguchi	Gen Division	Profile

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