Keyence Correlations

KYCCF Stock

USD 367.00 2.50 0.68%

The current 90-days correlation between Keyence and NetEase is -0.02 (i.e., Good diversification). The correlation of Keyence 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.

Keyence Correlation With Market

Good diversification

The correlation between Keyence and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keyence and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Keyence Pink Sheet

0.87	GRMN	Garmin	Pair Corr
0.68	HXGBY	Hexagon AB ADR	Pair Corr
0.66	HXGBF	Hexagon AB	Pair Corr
0.73	TDY	Teledyne Technologies	Pair Corr

Moving against Keyence Pink Sheet

0.74	BRK-B	Berkshire Hathaway	Pair Corr
0.62	COHR	Coherent Tech Boost	Pair Corr
0.61	KEYS	Keysight Technologies	Pair Corr
0.61	BRK-A	Berkshire Hathaway	Pair Corr
0.58	FTV	Fortive Corp	Pair Corr
0.53	MKSI	MKS Instruments	Pair Corr
0.79	UTRS	Minerva Surgical	Pair Corr
0.77	NAUT	Nautilus Biotechnology	Pair Corr
0.72	TPB	Turning Point Brands	Pair Corr
0.67	AER	AerCap Holdings NV	Pair Corr
0.58	02377BAB2	US02377BAB27	Pair Corr
0.41	ATRO	Astronics	Pair Corr
0.38	CALC	CalciMedica, Common Stock Trending	Pair Corr
0.8	DGWR	Critic Clothing	Pair Corr
0.76	TXMD	TherapeuticsMD	Pair Corr
0.64	HIRU	Hiru	Pair Corr
0.6	FBKIF	First International Bank	Pair Corr
0.58	FEMY	Femasys	Pair Corr
0.57	BORR	Borr Drilling	Pair Corr

Related Correlations Analysis

	VEMLY	NETTF	HNHPF	TOELY	NTDOF	NTDOY	MRAAY	HNHAF	HXGBY	MRAAF
VEMLY		-0.55	0.15	0.43	-0.04	-0.02	0.55	0.0	-0.21	0.42	VEMLY
NETTF	-0.55		0.2	-0.54	0.35	0.32	-0.49	0.0	0.62	-0.37	NETTF
HNHPF	0.15	0.2		0.51	0.54	0.56	0.29	0.0	0.72	0.22	HNHPF
TOELY	0.43	-0.54	0.51		0.06	0.1	0.66	0.0	0.1	0.48	TOELY
NTDOF	-0.04	0.35	0.54	0.06		0.99	-0.19	0.0	0.52	-0.2	NTDOF
NTDOY	-0.02	0.32	0.56	0.1	0.99		-0.16	0.0	0.51	-0.18	NTDOY
MRAAY	0.55	-0.49	0.29	0.66	-0.19	-0.16		0.0	-0.04	0.74	MRAAY
HNHAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HNHAF
HXGBY	-0.21	0.62	0.72	0.1	0.52	0.51	-0.04	0.0		-0.09	HXGBY
MRAAF	0.42	-0.37	0.22	0.48	-0.2	-0.18	0.74	0.0	-0.09		MRAAF
	VEMLY	NETTF	HNHPF	TOELY	NTDOF	NTDOY	MRAAY	HNHAF	HXGBY	MRAAF

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

NTDOY	+ 0.99	NTDOF
MRAAF	+ 0.74	MRAAY
HXGBY	+ 0.72	HNHPF
MRAAY	+ 0.66	TOELY
HXGBY	+ 0.62	NETTF
NTDOY	+ 0.56	HNHPF

High negative correlations

NETTF	- 0.55	VEMLY
TOELY	- 0.54	NETTF
MRAAY	- 0.49	NETTF
MRAAF	- 0.37	NETTF
HXGBY	- 0.21	VEMLY
MRAAF	- 0.2	NTDOF

Risk-Adjusted Indicators

There is a big difference between Keyence Pink Sheet performing well and Keyence 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 Keyence'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
VEMLY	1.34	(0.03)	0.00	(0.08)	0.00	0.00	3.77	(4.44)	17.43
NETTF	0.64	(0.10)	0.00	(0.89)	0.00	0.00	0.45	(0.87)	17.08
HNHPF	2.09	(0.05)	0.00	(0.09)	0.00	0.00	4.23	(4.45)	11.29
TOELY	2.27	0.19	0.07	0.18	3.29	(2.20)	4.92	(4.83)	15.95
NTDOF	1.72	(0.39)	0.00	(0.61)	0.00	0.00	2.83	(4.75)	10.29
NTDOY	1.57	(0.43)	0.00	(0.68)	0.00	0.00	2.91	(3.12)	7.87
MRAAY	1.69	0.16	0.04	1.47	1.94	(1.98)	3.79	(2.35)	12.14
HNHAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HXGBY	1.16	0.01	(0.04)	0.11	1.40	(1.19)	2.02	(2.44)	9.15
MRAAF	5.04	0.26	0.05	0.26	5.53	(6.35)	13.18	(9.82)	34.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in Keyence 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 Correlation Analysis Now

Correlation Analysis

Reduce portfolio risk simply by holding instruments which are not perfectly correlated

All Next

Launch Module

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

2025 Macroaxis LLC