Kajima Correlations

KAJMFDelisted Stock

USD 25.90 0.00 0.00%

The current 90-days correlation between Kajima and Bouygues SA is -0.11 (i.e., Good diversification). The correlation of Kajima 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.

Kajima Correlation With Market

Very good diversification

The correlation between Kajima and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kajima and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kajima Pink Sheet

0.64

PBCRY

Bank Central Asia

Pair Corr

Moving against Kajima Pink Sheet

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0.39	GRBK	Green Brick Partners	Pair Corr
0.64	BLAGF	Blue Lagoon Resources	Pair Corr
0.54	JOE	St Joe Company	Pair Corr
0.5	NNBR	NN Inc	Pair Corr
0.49	INTC	Intel	Pair Corr
0.48	TATT	Tat Techno	Pair Corr
0.4	482480AN0	KLAC 525 15	Pair Corr

Related Correlations Analysis

	BOUYF	ACSAF	APTPF	OBYCF	EFGSF	KUBTF	SKBSY	ACXIF	CRWOF	SKSBF
BOUYF		0.77	0.0	0.82	0.51	0.58	0.7	0.1	0.68	0.72	BOUYF
ACSAF	0.77		0.0	0.8	0.8	0.54	0.89	0.37	0.61	0.88	ACSAF
APTPF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	APTPF
OBYCF	0.82	0.8	0.0		0.66	0.76	0.77	0.25	0.55	0.81	OBYCF
EFGSF	0.51	0.8	0.0	0.66		0.4	0.86	0.54	0.42	0.8	EFGSF
KUBTF	0.58	0.54	0.0	0.76	0.4		0.42	0.31	0.5	0.47	KUBTF
SKBSY	0.7	0.89	0.0	0.77	0.86	0.42		0.5	0.62	0.96	SKBSY
ACXIF	0.1	0.37	0.0	0.25	0.54	0.31	0.5		0.41	0.44	ACXIF
CRWOF	0.68	0.61	0.0	0.55	0.42	0.5	0.62	0.41		0.59	CRWOF
SKSBF	0.72	0.88	0.0	0.81	0.8	0.47	0.96	0.44	0.59		SKSBF
	BOUYF	ACSAF	APTPF	OBYCF	EFGSF	KUBTF	SKBSY	ACXIF	CRWOF	SKSBF

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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

SKSBF	+ 0.96	SKBSY
SKBSY	+ 0.89	ACSAF
SKSBF	+ 0.88	ACSAF
SKBSY	+ 0.86	EFGSF
OBYCF	+ 0.82	BOUYF
SKSBF	+ 0.81	OBYCF

High negative correlations

SKSBF	- 0.0	APTPF
CRWOF	- 0.0	APTPF
ACXIF	- 0.0	APTPF
SKBSY	- 0.0	APTPF
KUBTF	- 0.0	APTPF
EFGSF	- 0.0	APTPF

Risk-Adjusted Indicators

There is a big difference between Kajima Pink Sheet performing well and Kajima 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 Kajima'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
BOUYF	0.18	0.08	0.00	1.79	0.00	0.00	0.00	0.00	5.26
ACSAF	1.26	0.49	0.00	1.88	0.00	0.00	7.33	0.00	22.58
APTPF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OBYCF	1.93	0.57	0.19	0.69	1.55	(2.84)	5.10	(3.51)	12.31
EFGSF	0.26	0.12	0.00	1.93	0.00	0.00	0.00	0.00	8.47
KUBTF	2.07	0.62	0.09	0.78	1.92	(8.25)	6.54	(2.62)	21.58
SKBSY	1.18	0.18	0.10	0.38	1.24	(1.32)	2.63	(2.11)	7.45
ACXIF	1.21	0.04	0.00	0.24	2.33	(2.41)	3.52	(4.85)	14.66
CRWOF	0.43	0.03	0.00	0.54	0.00	0.00	1.92	0.00	9.62
SKSBF	0.94	0.23	0.08	1.54	0.78	(2.48)	2.61	(2.29)	12.69

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

Bouygues SA ACS Actividades de Airports of Thailand Obayashi Eiffage SA Kubota Skanska AB ser Acciona SA China Railway Group Skanska AB American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Still Interested in Kajima?

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.

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