Kansai Electric Correlations
| KAEPFDelisted Stock | USD 15.48 0.00 0.00% |
The correlation of Kansai Electric 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.
Kansai |
The ability to find closely correlated positions to Kansai Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kansai Electric 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 Kansai Electric - 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 The Kansai Electric to buy it.
Moving together with Kansai Pink Sheet
Moving against Kansai Pink Sheet
Related Correlations Analysis
| 0.47 | 0.21 | 0.46 | 0.42 | 0.21 | 0.36 | NL | ||
| 0.47 | 0.39 | 0.17 | 0.2 | 0.21 | 0.43 | FDS | ||
| 0.21 | 0.39 | 0.67 | 0.52 | 0.77 | 0.88 | ALB-PA | ||
| 0.46 | 0.17 | 0.67 | 0.8 | 0.78 | 0.78 | SEE | ||
| 0.42 | 0.2 | 0.52 | 0.8 | 0.78 | 0.66 | ECL | ||
| 0.21 | 0.21 | 0.77 | 0.78 | 0.78 | 0.8 | EMN | ||
| 0.36 | 0.43 | 0.88 | 0.78 | 0.66 | 0.8 | AXTA | ||
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Risk-Adjusted Indicators
There is a big difference between Kansai Pink Sheet performing well and Kansai Electric 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 Kansai Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NL | 2.43 | (0.01) | (0.01) | 0.06 | 3.51 | 6.29 | 16.89 | |||
| FDS | 0.87 | 0.04 | 0.00 | 0.20 | 1.02 | 1.78 | 5.61 | |||
| ALB-PA | 1.81 | (0.12) | 0.00 | (0.39) | 0.00 | 3.59 | 12.77 | |||
| SEE | 1.19 | (0.07) | 0.00 | (0.13) | 0.00 | 1.99 | 6.42 | |||
| ECL | 0.83 | (0.05) | 0.00 | (0.05) | 0.00 | 1.54 | 4.98 | |||
| EMN | 1.16 | (0.09) | 0.00 | (0.24) | 0.00 | 2.36 | 7.39 | |||
| AXTA | 1.22 | 0.00 | (0.02) | 0.07 | 1.51 | 2.29 | 12.01 |
Kansai Electric 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 Kansai Electric pink sheet to make a market-neutral strategy. Peer analysis of Kansai Electric could also be used in its relative valuation, which is a method of valuing Kansai Electric by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Kansai Electric Corporate Management
| Nobuhiro Nishizawa | Managing Officer | Profile | |
| Koji Inada | Managing Executive Officer | Profile | |
| Koichi Nagata | Gen Admin | Profile | |
| Naoki Naito | Managing Officer | Profile | |
| Yoshihide Hirota | Managing Executive Officer | Profile |
Still Interested in The Kansai Electric?
Investing in delisted pink sheets can be risky, as the pink sheet 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.