Komatsu Correlations

KMTUF Stock

USD 26.05 0.19 0.72%

The current 90-days correlation between Komatsu and Komatsu is 0.09 (i.e., Significant diversification). The correlation of Komatsu 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.

Komatsu Correlation With Market

Average diversification

The correlation between Komatsu and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Komatsu and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Komatsu Pink Sheet

0.47	AMIX	Autonomix Medical, Common Trending	Pair Corr
0.31	EATBF	Eat Beyond Global	Pair Corr
0.39	00108WAF7	AEP TEX INC	Pair Corr

Related Correlations Analysis

	GENC	REVG	MTW	CMCO	ASTE	KMTUY	ALG	KUBTF	HTCMY	KUBTY
GENC		0.46	0.61	0.8	0.72	0.18	0.62	-0.59	-0.28	-0.08	GENC
REVG	0.46		0.78	0.57	0.73	0.4	0.69	-0.21	0.14	0.09	REVG
MTW	0.61	0.78		0.67	0.78	0.22	0.73	-0.44	-0.18	0.14	MTW
CMCO	0.8	0.57	0.67		0.68	0.46	0.66	-0.48	-0.08	-0.11	CMCO
ASTE	0.72	0.73	0.78	0.68		0.16	0.86	-0.58	-0.27	0.33	ASTE
KMTUY	0.18	0.4	0.22	0.46	0.16		0.15	0.32	0.52	-0.13	KMTUY
ALG	0.62	0.69	0.73	0.66	0.86	0.15		-0.47	-0.31	0.42	ALG
KUBTF	-0.59	-0.21	-0.44	-0.48	-0.58	0.32	-0.47		0.73	-0.07	KUBTF
HTCMY	-0.28	0.14	-0.18	-0.08	-0.27	0.52	-0.31	0.73		-0.23	HTCMY
KUBTY	-0.08	0.09	0.14	-0.11	0.33	-0.13	0.42	-0.07	-0.23		KUBTY
	GENC	REVG	MTW	CMCO	ASTE	KMTUY	ALG	KUBTF	HTCMY	KUBTY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ALG	+ 0.86	ASTE
CMCO	+ 0.8	GENC
MTW	+ 0.78	REVG
ASTE	+ 0.78	MTW
ASTE	+ 0.73	REVG
ALG	+ 0.73	MTW

High negative correlations

KUBTF	- 0.59	GENC
KUBTF	- 0.58	ASTE
KUBTF	- 0.48	CMCO
KUBTF	- 0.47	ALG
KUBTF	- 0.44	MTW
HTCMY	- 0.31	ALG

Risk-Adjusted Indicators

There is a big difference between Komatsu Pink Sheet performing well and Komatsu 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 Komatsu'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
GENC	1.56	0.26	0.09	(12.84)	1.61	(1.81)	4.16	(3.52)	12.08
REVG	2.22	(0.15)	(0.01)	0.03	2.69	(2.89)	6.03	(4.30)	15.72
MTW	2.34	(0.13)	0.02	0.06	2.68	(2.75)	5.49	(4.10)	19.29
CMCO	1.72	0.00	0.06	0.10	1.65	(1.92)	3.87	(2.55)	9.88
ASTE	1.68	0.17	0.05	1.30	1.63	(2.11)	3.17	(2.45)	16.80
KMTUY	1.19	(0.10)	0.00	1.00	0.00	0.00	1.77	(2.75)	6.24
ALG	1.42	(0.02)	0.03	0.09	1.46	(1.52)	2.41	(2.25)	12.83
KUBTF	0.90	(0.12)	0.00	0.58	0.00	0.00	1.98	(3.21)	16.61
HTCMY	0.81	(0.21)	0.00	(0.35)	0.00	0.00	2.04	(3.37)	13.18
KUBTY	1.06	0.11	(0.01)	(0.37)	1.18	(1.15)	2.13	(1.89)	6.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in Komatsu 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 Portfolio Dashboard Now

Portfolio Dashboard

Portfolio dashboard that provides centralized access to all your investments

All Next

Launch Module

Komatsu Corporate Management

Yasuo Suzuki	Executive Officer, Ibaraki Plant Manager in Main Production Unit	Profile
Keiko Fujiwara	Executive Officer, Manager of Agency Human Resources Development Promotion Office in Main Construction Machine Marketing Unit	Profile
Hiroshi Makabe	Gen Legal	Profile
Chizuko Yamashita	Gen Division	Profile

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