Panasonic Corp Correlations
| MAT1 Stock | EUR 11.35 0.10 0.87% |
The current 90-days correlation between Panasonic Corp and NORTHEAST UTILITIES is -0.09 (i.e., Good diversification). The correlation of Panasonic 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.
Panasonic Corp Correlation With Market
Very poor diversification
The correlation between Panasonic Corp and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Panasonic Corp and DJI in the same portfolio, assuming nothing else is changed.
Panasonic |
The ability to find closely correlated positions to Panasonic 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 Panasonic 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 Panasonic 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 Panasonic Corp to buy it.
Moving together with Panasonic Stock
| 0.8 | SSU | Samsung Electronics | PairCorr |
| 0.78 | SSUN | Samsung Electronics | PairCorr |
| 0.88 | KYR | Kyocera Earnings Call This Week | PairCorr |
| 0.7 | RMFA | ROCKY MOUNTCHOC DL | PairCorr |
| 0.61 | S09 | Sutro Biopharma Split | PairCorr |
| 0.79 | 07M | CN MODERN DAIRY | PairCorr |
| 0.8 | 1WA | Bridgewater Bancshares | PairCorr |
| 0.74 | CHH | CK Infrastructure | PairCorr |
| 0.74 | DYT1 | Dynex Capital | PairCorr |
| 0.73 | SK3 | Smurfit Kappa Group | PairCorr |
| 0.66 | HNM | ORMAT TECHNOLOGIES | PairCorr |
| 0.65 | UWS | Waste Management | PairCorr |
| 0.83 | 355 | Enel Chile SA | PairCorr |
| 0.88 | OJI | Oji Holdings Earnings Call Next Week | PairCorr |
| 0.77 | 13N1 | Dexterra Group | PairCorr |
| 0.74 | SH7 | HELIOS TECHS INC | PairCorr |
Moving against Panasonic Stock
| 0.86 | SON1 | Sony Group Corp | PairCorr |
| 0.85 | SONA | Sony Group Earnings Call This Week | PairCorr |
| 0.74 | JUA | Japan Real Estate | PairCorr |
| 0.72 | APC | Apple Inc | PairCorr |
| 0.71 | APC | Apple Inc | PairCorr |
| 0.67 | 3CP | Xiaomi | PairCorr |
| 0.33 | S4C | Nippon Building | PairCorr |
| 0.63 | GGG | GUDANG GARAM | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Panasonic Stock performing well and Panasonic 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 Panasonic 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 74E | 1.14 | 0.38 | 0.22 | (2.82) | 0.84 | 2.40 | 12.84 | |||
| CH5 | 1.06 | (0.11) | 0.00 | 1.42 | 0.00 | 1.92 | 6.48 | |||
| NWJ | 0.80 | (0.11) | 0.00 | 0.42 | 0.00 | 1.76 | 10.28 | |||
| UUEC | 0.93 | 0.07 | 0.02 | 0.47 | 0.84 | 2.21 | 5.36 | |||
| CUD | 0.76 | 0.18 | 0.16 | 1.08 | 0.51 | 1.54 | 7.19 | |||
| SH7 | 1.77 | 0.30 | 0.11 | (1.31) | 1.68 | 4.19 | 9.49 | |||
| WIQ | 2.11 | (0.32) | 0.00 | (0.59) | 0.00 | 3.80 | 25.95 |
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Panasonic Corp Corporate Management
Elected by the shareholders, the Panasonic Corp's board of directors comprises two types of representatives: Panasonic Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Panasonic. The board's role is to monitor Panasonic Corp's management team and ensure that shareholders' interests are well served. Panasonic Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Panasonic Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hirokazu Umeda | Ex CFO | Profile | |
| Tatsuo Ogawa | Chief Officer | Profile | |
| Masahito Yamamura | Gen Relations | Profile | |
| Masahiro Shinada | Pres CEO | Profile | |
| Tetsuro Homma | Ex Director | Profile | |
| Sumitaka Yoshitomi | Financial Office | Profile | |
| Kazuhiro Matsushita | Gen Department | Profile |