Ito En Correlations

Summary

ITONFDelisted Stock

USD 61.41 0.00 0.00%

The current 90-days correlation between Ito En and Inflection Point Acquisition is -0.02 (i.e., Good diversification). The correlation of Ito En 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.

Ito En Correlation With Market

Good diversification

The correlation between Ito En 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 Ito En and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Ito OTC Stock

0.69	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.67	AVTE	Aerovate Therapeutics	Pair Corr
0.64	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr

Moving against Ito OTC Stock

0.77	TLK	Telkom Indonesia Tbk	Pair Corr
0.73	EC	Ecopetrol SA ADR	Pair Corr
0.68	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.65	KDP	Keurig Dr Pepper	Pair Corr
0.64	HYMTF	Hyundai Motor	Pair Corr
0.62	CCEP	Coca Cola European	Pair Corr
0.61	KOF	Coca Cola Femsa	Pair Corr
0.56	EMBVF	Arca Continental SAB	Pair Corr
0.52	PEP	PepsiCo	Pair Corr
0.47	SHG	Shinhan Financial	Pair Corr
0.41	TCHH	Trustcash Holdings	Pair Corr

Related Correlations Analysis

	IPXXU	EL	SKIN	SKX	VRA	HURC	J	FOSYF
IPXXU		-0.03	-0.03	0.35	-0.15	-0.04	0.07	0.0	IPXXU
EL	-0.03		-0.4	0.46	-0.06	-0.44	-0.42	0.5	EL
SKIN	-0.03	-0.4		-0.59	-0.15	0.19	0.59	-0.33	SKIN
SKX	0.35	0.46	-0.59		0.07	-0.16	-0.38	0.21	SKX
VRA	-0.15	-0.06	-0.15	0.07		0.47	0.29	0.24	VRA
HURC	-0.04	-0.44	0.19	-0.16	0.47		0.74	0.16	HURC
J	0.07	-0.42	0.59	-0.38	0.29	0.74		0.19	J
FOSYF	0.0	0.5	-0.33	0.21	0.24	0.16	0.19		FOSYF
	IPXXU	EL	SKIN	SKX	VRA	HURC	J	FOSYF

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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

J	+ 0.74	HURC
J	+ 0.59	SKIN
FOSYF	+ 0.5	EL
HURC	+ 0.47	VRA
SKX	+ 0.46	EL
SKX	+ 0.35	IPXXU

High negative correlations

SKX	- 0.59	SKIN
HURC	- 0.44	EL
J	- 0.42	EL
SKIN	- 0.4	EL
J	- 0.38	SKX
FOSYF	- 0.33	SKIN

Risk-Adjusted Indicators

There is a big difference between Ito OTC Stock performing well and Ito En 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 Ito En'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
IPXXU	0.99	0.58	0.00	(1.19)	0.00	0.00	0.37	0.00	1.38
EL	2.07	(0.08)	(0.03)	(0.01)	4.13	(2.07)	4.80	(3.43)	30.90
SKIN	3.53	0.47	0.03	(0.20)	4.84	(3.74)	8.82	(7.93)	26.58
SKX	1.67	0.13	0.02	0.72	2.28	(1.69)	4.48	(3.41)	11.05
VRA	2.01	(0.20)	0.00	(0.03)	0.00	0.00	4.32	(4.62)	12.60
HURC	1.91	0.07	0.03	0.18	1.88	(2.22)	4.37	(3.04)	21.98
J	1.03	0.16	0.04	0.74	1.49	(1.05)	2.41	(1.47)	9.97
FOSYF	3.62	0.43	0.08	0.68	3.38	(5.96)	9.80	(6.67)	27.98

Ito En 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 Ito En otc stock to make a market-neutral strategy. Peer analysis of Ito En could also be used in its relative valuation, which is a method of valuing Ito En by comparing valuation metrics with similar companies.

Inflection Point Acquisition Estee Lauder Companies Beauty Health Co Skechers USA Vera Bradley Hurco Companies Jacobs Solutions Forsys Metals Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp

Risk & Return

Correlation

Still Interested in Ito En?

Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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