KDDI Corp Correlations

KDDIF Stock

USD 30.36 2.14 6.58%

The current 90-days correlation between KDDI Corp and Nippon Telegraph Telephone is -0.17 (i.e., Good diversification). The correlation of KDDI Corp 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.

KDDI Corp Correlation With Market

Good diversification

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

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

Moving against KDDI Pink Sheet

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0.52	HPQ	HP Inc	Pair Corr
0.46	CSCO	Cisco Systems	Pair Corr
0.46	HD	Home Depot	Pair Corr
0.45	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.44	CMCSA	Comcast Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.44	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.38	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.37	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.37	WMT	Walmart Aggressive Push	Pair Corr
0.35	DTEGF	Deutsche Telekom	Pair Corr

Related Correlations Analysis

	TEFOF	TRKNY	FNCTF	NPPXF	SCMWY	TLK	DTEGY	ORAN	AMX	VOD
TEFOF		0.2	-0.14	0.09	0.57	0.34	-0.25	0.18	0.2	0.4	TEFOF
TRKNY	0.2		0.16	-0.13	0.16	0.2	0.25	0.1	0.32	0.12	TRKNY
FNCTF	-0.14	0.16		0.54	0.28	0.53	0.57	0.69	0.29	0.57	FNCTF
NPPXF	0.09	-0.13	0.54		0.39	0.62	0.45	0.7	0.14	0.63	NPPXF
SCMWY	0.57	0.16	0.28	0.39		0.81	0.08	0.66	0.66	0.84	SCMWY
TLK	0.34	0.2	0.53	0.62	0.81		0.49	0.92	0.69	0.93	TLK
DTEGY	-0.25	0.25	0.57	0.45	0.08	0.49		0.67	0.32	0.4	DTEGY
ORAN	0.18	0.1	0.69	0.7	0.66	0.92	0.67		0.54	0.9	ORAN
AMX	0.2	0.32	0.29	0.14	0.66	0.69	0.32	0.54		0.62	AMX
VOD	0.4	0.12	0.57	0.63	0.84	0.93	0.4	0.9	0.62		VOD
	TEFOF	TRKNY	FNCTF	NPPXF	SCMWY	TLK	DTEGY	ORAN	AMX	VOD

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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

VOD	+ 0.93	TLK
ORAN	+ 0.92	TLK
VOD	+ 0.9	ORAN
VOD	+ 0.84	SCMWY
TLK	+ 0.81	SCMWY
ORAN	+ 0.7	NPPXF

High negative correlations

DTEGY	- 0.25	TEFOF
FNCTF	- 0.14	TEFOF
NPPXF	- 0.13	TRKNY

Risk-Adjusted Indicators

There is a big difference between KDDI Pink Sheet performing well and KDDI Corp 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 KDDI Corp'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
TEFOF	2.15	0.22	0.02	(0.90)	2.58	(3.95)	7.28	(6.37)	19.33
TRKNY	1.09	(0.24)	0.00	(1.11)	0.00	0.00	2.23	(0.76)	26.84
FNCTF	1.84	(0.32)	0.00	(0.07)	0.00	0.00	6.82	(7.20)	26.22
NPPXF	3.73	0.18	0.01	(0.29)	4.52	(4.54)	7.53	(10.43)	29.09
SCMWY	0.81	(0.12)	0.00	1.33	0.00	0.00	1.23	(1.71)	6.22
TLK	1.28	(0.20)	0.00	(0.63)	0.00	0.00	2.61	(3.19)	7.40
DTEGY	0.87	(0.20)	0.00	(0.67)	0.00	0.00	1.71	(2.12)	8.36
ORAN	0.84	(0.14)	0.00	(1.22)	0.00	0.00	1.40	(1.92)	5.67
AMX	1.20	(0.23)	0.00	(0.21)	0.00	0.00	2.58	(2.88)	7.18
VOD	1.03	(0.08)	0.00	0.54	0.00	0.00	2.03	(2.11)	11.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in KDDI Corp 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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