Komatsu Correlations

KMTUY Stock

USD 26.13 0.24 0.91%

The current 90-days correlation between Komatsu and Element Solutions is -0.1 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Komatsu Correlation With Market

Good diversification

The correlation between Komatsu 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 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

0.46	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.43	T	ATT Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	ESI	OEC	MTX	NGVT	HWKN	CRKN	CMT	BCPC	NEU	REX
ESI		-0.04	0.75	0.79	-0.04	-0.59	-0.45	0.65	0.11	0.53	ESI
OEC	-0.04		0.18	0.23	0.66	0.4	0.59	0.39	0.35	0.17	OEC
MTX	0.75	0.18		0.58	0.39	-0.47	-0.36	0.6	-0.12	0.66	MTX
NGVT	0.79	0.23	0.58		-0.04	-0.46	-0.1	0.82	0.31	0.47	NGVT
HWKN	-0.04	0.66	0.39	-0.04		0.09	0.28	0.31	-0.14	0.35	HWKN
CRKN	-0.59	0.4	-0.47	-0.46	0.09		0.65	-0.37	0.3	-0.17	CRKN
CMT	-0.45	0.59	-0.36	-0.1	0.28	0.65		0.09	0.57	0.0	CMT
BCPC	0.65	0.39	0.6	0.82	0.31	-0.37	0.09		0.31	0.6	BCPC
NEU	0.11	0.35	-0.12	0.31	-0.14	0.3	0.57	0.31		0.07	NEU
REX	0.53	0.17	0.66	0.47	0.35	-0.17	0.0	0.6	0.07		REX
	ESI	OEC	MTX	NGVT	HWKN	CRKN	CMT	BCPC	NEU	REX

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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

BCPC	+ 0.82	NGVT
NGVT	+ 0.79	ESI
MTX	+ 0.75	ESI
HWKN	+ 0.66	OEC
REX	+ 0.66	MTX
BCPC	+ 0.65	ESI

High negative correlations

CRKN	- 0.59	ESI
CRKN	- 0.47	MTX
CRKN	- 0.46	NGVT
CMT	- 0.45	ESI
BCPC	- 0.37	CRKN
CMT	- 0.36	MTX

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
ESI	1.29	0.05	0.04	0.15	1.32	(1.54)	3.77	(1.95)	11.06
OEC	2.24	(0.18)	(0.02)	0.02	2.55	(2.23)	5.81	(3.84)	15.71
MTX	1.30	(0.04)	0.04	0.08	1.29	(1.50)	2.94	(2.51)	11.90
NGVT	3.04	0.23	0.12	0.19	2.84	(3.80)	8.28	(3.76)	21.33
HWKN	1.68	(0.13)	(0.01)	0.04	2.51	(1.62)	3.27	(3.65)	12.56
CRKN	4.44	(1.08)	0.00	(3.85)	0.00	0.00	8.06	(10.05)	39.12
CMT	1.86	(0.27)	0.00	(0.03)	0.00	0.00	3.97	(3.59)	13.85
BCPC	1.11	(0.03)	0.00	0.08	1.26	(1.25)	2.64	(1.99)	8.32
NEU	1.12	(0.18)	0.00	(0.04)	0.00	0.00	2.47	(1.93)	10.57
REX	1.59	(0.17)	0.00	(0.01)	0.00	0.00	3.13	(3.71)	10.87

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.

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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

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