Kirin Holdings Correlations

Stocks . Germany . 
Stock . Kirin Holdings
KIR Stock  EUR 12.10  0.10  0.83%   
The current 90-days correlation between Kirin Holdings and ON SEMICONDUCTOR is 0.03 (i.e., Significant diversification). The correlation of Kirin Holdings 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.

Kirin Holdings Correlation With Market

Good diversification

The correlation between Kirin Holdings and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kirin Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Kirin Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kirin Holdings 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 Kirin Holdings - 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 Kirin Holdings to buy it.

Moving together with Kirin Stock

  0.68FOMC FOMECONMEXSAB DCV UTSPairCorr
  0.73HNK1 Heineken NVPairCorr
  0.83AMNA Ambev SAPairCorr
  0.74H5 Heineken HoldingPairCorr
  0.7HHP2 Hon Hai PrecisionPairCorr
  0.61DBPD Xtrackers ShortDAXPairCorr

Moving against Kirin Stock

  0.77VOW3 Volkswagen AG VZOPairCorr
  0.77VOW3 Volkswagen AGPairCorr
  0.73VOW Volkswagen AGPairCorr
  0.67VOWB VOLKSWAGEN AG VZPairCorr
  0.65AMZ Amazon IncPairCorr
  0.56AMZ Amazon IncPairCorr
  0.5WMT WalmartPairCorr
  0.5WMT WalmartPairCorr
  0.5DBPE Xtrackers LevDAXPairCorr
  0.47E908 Lyxor 1PairCorr
  0.35CSA Accenture plcPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
7IG
+ 0.73
M8G
M8G
+ 0.64
XS4
GS2C
+ 0.54
GIFN
7IG
+ 0.53
XS4
SMG
+ 0.44
GS2C
SMG
+ 0.32
GIFN
  
High negative correlations   
M8G
- 0.76
GIFN
GIFN
- 0.63
XS4
SMG
- 0.57
M8G
M8G
- 0.57
GS2C
7IG
- 0.54
GIFN
7IG
- 0.5
GS2C

Risk-Adjusted Indicators

There is a big difference between Kirin Stock performing well and Kirin Holdings 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 Kirin Holdings' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kirin Holdings 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.

Did you try this?

Run FinTech Suite Now

   

FinTech Suite

Use AI to screen and filter profitable investment opportunities
All  Next Launch Module

Kirin Holdings Corporate Management

Elected by the shareholders, the Kirin Holdings' board of directors comprises two types of representatives: Kirin Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kirin. The board's role is to monitor Kirin Holdings' management team and ensure that shareholders' interests are well served. Kirin Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kirin Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Toshiya MiyoshiSr DirectorProfile
Keisuke MBAEVP DirectorProfile
Hiroshi OgawaSr VPProfile
Yoshinori IsozakiCEO PresProfile
Hidefumi MatsuoHead IRProfile
Tetsuya FujiwaraDirector CommunicationsProfile
Takeshi MinakataSr DirectorProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY