Aeon Co Correlations

JUS1 Stock

EUR 22.20 0.20 0.91%

The current 90-days correlation between Aeon Co and Shoprite Holdings Limited is 0.23 (i.e., Modest diversification). The correlation of Aeon Co 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.

Aeon Co Correlation With Market

Good diversification

The correlation between Aeon Co and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aeon Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Aeon Stock

0.43	SRI	Sun Art Retail	Pair Corr
0.42	47M	MedMira	Pair Corr
0.39	J2E	Jupiter Energy	Pair Corr
0.34	4HP	Isetan Mitsukoshi	Pair Corr
0.31	DL7A	Dillards	Pair Corr
0.5	M7U	M-U-T -	Pair Corr
0.49	C7T	CTT Correios	Pair Corr
0.43	GIFN	GigaMedia	Pair Corr
0.39	KEL	Kellogg Company	Pair Corr
0.39	NH5	NH HOTEL GROUP	Pair Corr
0.36	VRS	VERISIGN	Pair Corr

Related Correlations Analysis

	JUS1	HY7	DL7A	FDO	3RKU	MA6	SRI
JUS1		0.53	-0.31	0.12	-0.21	0.55	-0.43	JUS1
HY7	0.53		0.03	0.21	0.06	0.45	-0.25	HY7
DL7A	-0.31	0.03		0.58	0.94	-0.17	0.76	DL7A
FDO	0.12	0.21	0.58		0.58	0.55	0.53	FDO
3RKU	-0.21	0.06	0.94	0.58		-0.15	0.73	3RKU
MA6	0.55	0.45	-0.17	0.55	-0.15		-0.26	MA6
SRI	-0.43	-0.25	0.76	0.53	0.73	-0.26		SRI
	JUS1	HY7	DL7A	FDO	3RKU	MA6	SRI

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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

3RKU	+ 0.94	DL7A
SRI	+ 0.76	DL7A
SRI	+ 0.73	3RKU
FDO	+ 0.58	DL7A
3RKU	+ 0.58	FDO
MA6	+ 0.55	JUS1

High negative correlations

SRI	- 0.43	JUS1
DL7A	- 0.31	JUS1
SRI	- 0.26	MA6
SRI	- 0.25	HY7
3RKU	- 0.21	JUS1
MA6	- 0.17	DL7A

Risk-Adjusted Indicators

There is a big difference between Aeon Stock performing well and Aeon Co 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 Aeon Co'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
JUS1	0.91	0.01	(0.01)	(0.13)	0.98	(1.60)	2.65	(1.79)	6.25
HY7	1.31	(0.02)	0.00	(0.64)	0.00	0.00	3.16	(2.55)	9.02
DL7A	1.94	0.56	0.28	(1.97)	1.27	(2.75)	5.55	(2.69)	15.65
FDO	1.74	0.03	0.00	(0.04)	2.44	(1.82)	4.46	(3.39)	16.05
3RKU	1.55	0.52	0.31	(4.17)	1.11	(2.24)	3.92	(1.94)	9.54
MA6	1.30	(0.20)	0.00	(0.28)	0.00	0.00	2.57	(2.41)	15.17
SRI	5.31	1.95	0.19	4.19	3.83	(15.44)	10.00	(8.33)	130.48

Be your own money manager

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

Elected by the shareholders, the Aeon Co's board of directors comprises two types of representatives: Aeon Co inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aeon. The board's role is to monitor Aeon Co's management team and ensure that shareholders' interests are well served. Aeon Co's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Aeon Co's outside directors are responsible for providing unbiased perspectives on the board's policies.

Motohiro Fujita	Ex Chairman	Profile
Yuki Habu	Exec VP	Profile
Manabu Oike	Ex Bus	Profile
Soichi Okazaki	Ex Bus	Profile
Akio Yoshida	Representative Pres	Profile
Takeshi Miyazaki	In Department	Profile
Manabu Oshima	Chief Personnel	Profile

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