Keyence Correlations

KYCCF Stock

USD 436.80 21.52 5.18%

The current 90-days correlation between Keyence and NetEase is 0.08 (i.e., Significant 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

Poor diversification

The correlation between Keyence and DJI is 0.62 (i.e., Poor 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

0.78	GRMN	Garmin	Pair Corr
0.71	COHR	Coherent Tech Boost	Pair Corr
0.75	KEYS	Keysight Technologies Tech Boost	Pair Corr
0.66	TDY	Teledyne Technologies	Pair Corr
0.66	MKSI	MKS Instruments	Pair Corr
0.64	SLF	Sun Life Financial	Pair Corr
0.83	NYT	New York Times	Pair Corr
0.74	MTZ	MasTec Inc Earnings Call Tomorrow	Pair Corr
0.71	GRBMF	Grupo Bimbo SAB	Pair Corr
0.63	NLY	Annaly Capital Management Sell-off Trend	Pair Corr
0.62	GRP-UN	Granite Real Estate	Pair Corr
0.77	FHI	Federated Investors	Pair Corr
0.62	LEO	BNY Mellon Strategic	Pair Corr
0.64	CRWV	CoreWeave Class A Earnings Call Tomorrow	Pair Corr

Moving against Keyence Pink Sheet

0.6	FSTF	First State Financial	Pair Corr
0.5	TRMB	Trimble	Pair Corr
0.5	ERHE	ERHC Energy	Pair Corr
0.31	HXGBY	Hexagon AB ADR	Pair Corr
0.38	PBLA	Panbela Therapeutics	Pair Corr

Related Correlations Analysis

	VEMLY	NETTF	HNHPF	TOELY	NTDOF	NTDOY	MRAAY	HNHAF	HXGBY	MRAAF
VEMLY		-0.37	-0.13	0.65	-0.39	-0.62	0.29	0.0	-0.68	0.21	VEMLY
NETTF	-0.37		-0.02	-0.12	0.13	0.26	-0.51	0.0	0.56	-0.38	NETTF
HNHPF	-0.13	-0.02		0.08	0.11	0.06	0.45	0.0	0.25	0.43	HNHPF
TOELY	0.65	-0.12	0.08		-0.82	-0.48	0.57	0.0	-0.57	0.54	TOELY
NTDOF	-0.39	0.13	0.11	-0.82		0.44	-0.52	0.0	0.62	-0.49	NTDOF
NTDOY	-0.62	0.26	0.06	-0.48	0.44		-0.18	0.0	0.55	-0.13	NTDOY
MRAAY	0.29	-0.51	0.45	0.57	-0.52	-0.18		0.0	-0.43	0.84	MRAAY
HNHAF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	HNHAF
HXGBY	-0.68	0.56	0.25	-0.57	0.62	0.55	-0.43	0.0		-0.3	HXGBY
MRAAF	0.21	-0.38	0.43	0.54	-0.49	-0.13	0.84	0.0	-0.3		MRAAF
	VEMLY	NETTF	HNHPF	TOELY	NTDOF	NTDOY	MRAAY	HNHAF	HXGBY	MRAAF

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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

MRAAF	+ 0.84	MRAAY
TOELY	+ 0.65	VEMLY
HXGBY	+ 0.62	NTDOF
MRAAY	+ 0.57	TOELY
HXGBY	+ 0.56	NETTF
HXGBY	+ 0.55	NTDOY

High negative correlations

NTDOF	- 0.82	TOELY
HXGBY	- 0.68	VEMLY
NTDOY	- 0.62	VEMLY
HXGBY	- 0.57	TOELY
MRAAY	- 0.52	NTDOF
MRAAY	- 0.51	NETTF

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	1.61	0.26	0.03	2.02	2.12	(3.30)	4.14	(4.90)	17.42
NETTF	0.73	(0.19)	0.00	(1.11)	0.00	0.00	0.45	(0.45)	25.64
HNHPF	1.46	0.02	0.01	0.13	1.61	(1.73)	3.26	(2.51)	9.49
TOELY	2.14	0.51	0.19	0.46	2.45	(2.36)	4.76	(3.58)	14.26
NTDOF	1.99	(0.64)	0.00	(1.27)	0.00	0.00	2.75	(4.79)	14.31
NTDOY	1.90	(0.60)	0.00	0.66	0.00	0.00	2.69	(5.41)	13.77
MRAAY	1.74	0.46	0.25	0.58	1.55	(2.14)	4.09	(2.27)	8.32
HNHAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HXGBY	1.14	(0.06)	0.00	1.14	0.00	0.00	2.43	(2.21)	8.36
MRAAF	4.46	0.63	0.09	2.26	5.61	(4.74)	12.06	(8.87)	27.26

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.

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