Kuraray Correlations

KURRY Stock

USD 36.75 0.00 0.00%

The current 90-days correlation between Kuraray and Huntsman is 0.16 (i.e., Average diversification). The correlation of Kuraray 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.

Kuraray Correlation With Market

Modest diversification

The correlation between Kuraray Co and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kuraray Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kuraray Pink Sheet

0.9	CTA-PB	E I du	Pair Corr
0.8	CTA-PA	E I du	Pair Corr
0.76	BFFAF	BASF SE NA	Pair Corr
0.73	DOW	Dow Inc Fiscal Year End 23rd of January 2025	Pair Corr
0.62	YAMHF	Yamaha Motor	Pair Corr
0.67	NDEKY	Nitto Denko Corp	Pair Corr
0.74	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.67	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.63	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Kuraray Pink Sheet

0.64	FUWAF	Furukawa Electric	Pair Corr
0.38	NFPDF	Nissin Foods Holdings	Pair Corr
0.36	FMCB	Farmers Merchants Bancorp	Pair Corr
0.56	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.42	DIS	Walt Disney Aggressive Push	Pair Corr
0.31	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Related Correlations Analysis

	HUN	BAK	DOW	UNVR	ASIX	CE	BASFY	TROX	WLKP
HUN		0.85	0.88	-0.22	0.13	0.87	0.9	0.8	-0.64	HUN
BAK	0.85		0.89	-0.51	-0.1	0.82	0.87	0.64	-0.73	BAK
DOW	0.88	0.89		-0.59	0.01	0.93	0.93	0.85	-0.62	DOW
UNVR	-0.22	-0.51	-0.59		0.38	-0.53	-0.46	-0.37	0.31	UNVR
ASIX	0.13	-0.1	0.01	0.38		-0.19	0.12	0.4	0.39	ASIX
CE	0.87	0.82	0.93	-0.53	-0.19		0.87	0.74	-0.67	CE
BASFY	0.9	0.87	0.93	-0.46	0.12	0.87		0.81	-0.61	BASFY
TROX	0.8	0.64	0.85	-0.37	0.4	0.74	0.81		-0.25	TROX
WLKP	-0.64	-0.73	-0.62	0.31	0.39	-0.67	-0.61	-0.25		WLKP
	HUN	BAK	DOW	UNVR	ASIX	CE	BASFY	TROX	WLKP

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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

CE	+ 0.93	DOW
BASFY	+ 0.93	DOW
BASFY	+ 0.9	HUN
DOW	+ 0.89	BAK
DOW	+ 0.88	HUN
CE	+ 0.87	HUN

High negative correlations

WLKP	- 0.73	BAK
WLKP	- 0.67	CE
WLKP	- 0.64	HUN
WLKP	- 0.62	DOW
WLKP	- 0.61	BASFY
UNVR	- 0.59	DOW

Risk-Adjusted Indicators

There is a big difference between Kuraray Pink Sheet performing well and Kuraray 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 Kuraray'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
HUN	1.33	(0.17)	0.00	(0.08)	0.00	0.00	3.18	(3.35)	10.23
BAK	2.07	(0.19)	0.00	(4.18)	0.00	0.00	4.69	(4.63)	13.72
DOW	1.08	(0.32)	0.00	(0.21)	0.00	0.00	2.00	(2.58)	8.49
UNVR	0.12	0.02	(0.76)	(0.90)	0.00	(0.15)	0.31	(0.22)	0.79
ASIX	1.52	(0.08)	0.01	0.08	1.61	(1.77)	3.57	(2.64)	9.70
CE	1.97	(0.81)	0.00	(1.35)	0.00	0.00	2.94	(4.57)	33.85
BASFY	1.43	(0.21)	0.00	(0.28)	0.00	0.00	2.18	(3.30)	11.60
TROX	2.32	(0.30)	0.00	(0.04)	0.00	0.00	6.11	(4.98)	17.98
WLKP	0.46	0.05	(0.10)	0.49	0.39	(0.53)	1.30	(0.77)	2.54

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Our tools can tell you how much better you can do entering a position in Kuraray 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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Kuraray Corporate Management

Satoru Fujinami	Managing Division	Profile
Hitoshi Kawahara	Representative Pres	Profile
Nobuhiko Takai	Executive Officer	Profile
Matthias Gutweiler	Executive Officer	Profile
Shinichi Takizawa	Sr Department	Profile
Akira Omura	Managing Officer	Profile
Toshihiro Omatsu	Executive Officer	Profile

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