Kubota Corp Correlations

Summary

KUBTYDelisted Stock

USD 74.00 0.38 0.51%

The current 90-days correlation between Kubota Corp ADR and Hitachi Construction Machinery is -0.09 (i.e., Good diversification). The correlation of Kubota 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kubota Corp Correlation With Market

Significant diversification

The correlation between Kubota Corp ADR and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kubota Corp ADR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kubota 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 Kubota 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 Kubota 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 Kubota Corp ADR to buy it.

Moving against Kubota Pink Sheet

0.74	HY	Hyster Yale Materials	Pair Corr
0.46	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.42	DE	Deere Company Buyout Trend	Pair Corr
0.4	CNH	CNH Industrial NV Symbol Change	Pair Corr
0.34	GP	GreenPower Motor	Pair Corr
0.64	AGCO	AGCO	Pair Corr
0.31	HYFM	Hydrofarm Holdings	Pair Corr
0.31	MNTX	Manitex International	Pair Corr
0.56	BW	Babcock Wilcox Enter	Pair Corr
0.45	B	Barnes Group	Pair Corr
0.38	J	Jacobs Solutions	Pair Corr
0.37	DY	Dycom Industries	Pair Corr

Related Correlations Analysis

	HTCMY	TEX	KMTUF	ASTE	LNN	CMCO	SHYF	AGCO	DE	KMTUY
HTCMY		0.13	0.18	-0.31	-0.06	-0.04	-0.15	-0.22	-0.31	0.51	HTCMY
TEX	0.13		0.24	0.4	0.38	0.33	0.25	0.18	0.01	0.34	TEX
KMTUF	0.18	0.24		0.19	0.13	0.52	0.1	0.19	0.04	0.64	KMTUF
ASTE	-0.31	0.4	0.19		0.65	0.68	0.83	-0.27	-0.12	0.16	ASTE
LNN	-0.06	0.38	0.13	0.65		0.59	0.45	-0.09	0.15	0.33	LNN
CMCO	-0.04	0.33	0.52	0.68	0.59		0.41	0.18	0.35	0.46	CMCO
SHYF	-0.15	0.25	0.1	0.83	0.45	0.41		-0.5	-0.39	0.2	SHYF
AGCO	-0.22	0.18	0.19	-0.27	-0.09	0.18	-0.5		0.83	-0.11	AGCO
DE	-0.31	0.01	0.04	-0.12	0.15	0.35	-0.39	0.83		-0.13	DE
KMTUY	0.51	0.34	0.64	0.16	0.33	0.46	0.2	-0.11	-0.13		KMTUY
	HTCMY	TEX	KMTUF	ASTE	LNN	CMCO	SHYF	AGCO	DE	KMTUY

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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

SHYF	+ 0.83	ASTE
DE	+ 0.83	AGCO
CMCO	+ 0.68	ASTE
LNN	+ 0.65	ASTE
KMTUY	+ 0.64	KMTUF
CMCO	+ 0.59	LNN

High negative correlations

AGCO	- 0.5	SHYF
DE	- 0.39	SHYF
DE	- 0.31	HTCMY
ASTE	- 0.31	HTCMY
AGCO	- 0.27	ASTE
AGCO	- 0.22	HTCMY

Risk-Adjusted Indicators

There is a big difference between Kubota Pink Sheet performing well and Kubota 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 Kubota 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
HTCMY	0.79	(0.20)	0.00	(0.29)	0.00	0.00	2.04	(3.37)	13.18
TEX	1.86	(0.21)	0.00	(0.01)	0.00	0.00	3.50	(3.93)	16.23
KMTUF	1.84	(0.11)	0.00	(0.11)	0.00	0.00	5.34	(4.69)	13.40
ASTE	1.68	(0.04)	0.06	0.07	1.63	(2.11)	3.17	(2.45)	16.80
LNN	1.39	(0.06)	0.00	0.05	1.64	(1.44)	2.52	(2.37)	13.76
CMCO	1.70	0.01	0.05	0.09	1.65	(1.88)	3.87	(2.55)	9.88
SHYF	1.99	0.05	(0.01)	0.45	2.42	(2.12)	4.90	(4.64)	11.33
AGCO	1.31	(0.02)	(0.01)	0.06	2.04	(1.21)	2.45	(2.75)	10.78
DE	0.97	0.08	0.03	0.22	1.17	(1.02)	1.84	(1.86)	6.32
KMTUY	1.20	(0.11)	0.00	1.25	0.00	0.00	1.77	(2.75)	6.24

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

Hitachi Construction Machinery Terex Komatsu Astec Industries Lindsay Columbus McKinnon Shyft Group AGCO Corporation Deere Company Komatsu Alamo Group Manitex International Rev Group American Airlines Group Alcoa Corp

Risk & Return

Correlation

Still Interested in Kubota Corp ADR?

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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