Kyocera Correlations

KYOCF Stock

USD 10.00 0.00 0.00%

The current 90-days correlation between Kyocera and Xiaomi Corp is -0.25 (i.e., Very good diversification). The correlation of Kyocera 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.

Kyocera Correlation With Market

Significant diversification

The correlation between Kyocera and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kyocera and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Kyocera Pink Sheet

0.62	MMSI	Merit Medical Systems	Pair Corr
0.6	XIACF	Xiaomi Corp	Pair Corr
0.6	KNTK	Kinetik Holdings	Pair Corr
0.59	XIACY	Xiaomi Corp ADR	Pair Corr
0.56	PCGU	PGE Corp	Pair Corr
0.49	CRWD	Crowdstrike Holdings Earnings Call Tomorrow	Pair Corr
0.47	GOOD	Gladstone Commercial	Pair Corr
0.41	RCAT	Red Cat Holdings Trending	Pair Corr
0.38	PCRFF	Panasonic Corp	Pair Corr
0.34	KYOCY	Kyocera ADR	Pair Corr
0.79	GM	General Motors Aggressive Push	Pair Corr
0.76	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.72	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.65	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.65	ALAB	Astera Labs, Common Tech Boost	Pair Corr
0.64	GVA	Granite Construction	Pair Corr
0.62	DXYZ	Destiny Tech100	Pair Corr
0.55	ADSK	Autodesk	Pair Corr
0.55	DECK	Deckers Outdoor	Pair Corr
0.5	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.49	NVDA	NVIDIA	Pair Corr
0.37	SNOW	Snowflake Trending	Pair Corr

Related Correlations Analysis

	AAPL	XIACF	SSNLF	LPL	SONO	VZIO	SONY
AAPL		0.3	0.48	-0.02	0.25	0.07	-0.02	AAPL
XIACF	0.3		0.86	-0.74	0.76	0.2	-0.17	XIACF
SSNLF	0.48	0.86		-0.61	0.54	0.21	-0.22	SSNLF
LPL	-0.02	-0.74	-0.61		-0.64	-0.12	0.24	LPL
SONO	0.25	0.76	0.54	-0.64		0.17	-0.18	SONO
VZIO	0.07	0.2	0.21	-0.12	0.17		0.23	VZIO
SONY	-0.02	-0.17	-0.22	0.24	-0.18	0.23		SONY
	AAPL	XIACF	SSNLF	LPL	SONO	VZIO	SONY

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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

SSNLF	+ 0.86	XIACF
SONO	+ 0.76	XIACF
SONO	+ 0.54	SSNLF
SSNLF	+ 0.48	AAPL
XIACF	+ 0.3	AAPL
SONO	+ 0.25	AAPL

High negative correlations

LPL	- 0.74	XIACF
SONO	- 0.64	LPL
LPL	- 0.61	SSNLF
SONY	- 0.22	SSNLF
SONY	- 0.18	SONO
SONY	- 0.17	XIACF

Risk-Adjusted Indicators

There is a big difference between Kyocera Pink Sheet performing well and Kyocera 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 Kyocera'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
AAPL	0.90	(0.02)	(0.07)	0.08	1.24	(0.89)	1.84	(2.25)	6.62
XIACF	2.26	0.63	0.18	2.46	2.35	(2.68)	6.23	(3.04)	18.57
SSNLF	0.02	0.00	0.00	(0.09)	0.00	0.00	0.00	0.00	0.67
LPL	1.80	(0.33)	0.00	(0.29)	0.00	0.00	2.70	(3.74)	11.40
SONO	2.01	0.17	0.08	0.25	2.21	(2.16)	4.04	(3.52)	10.40
VZIO	0.37	0.00	(0.25)	0.16	0.40	(0.40)	0.90	(0.62)	2.14
SONY	1.24	(0.01)	(0.03)	0.10	1.58	(1.32)	2.76	(2.53)	12.94

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kyocera 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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