Monotaro Correlations

MONOY Stock

USD 12.26 0.70 5.40%

The current 90-days correlation between Monotaro and ZALANDO SE ADR is 0.01 (i.e., Significant diversification). The correlation of Monotaro 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.

Monotaro Correlation With Market

Very good diversification

The correlation between Monotaro Co and DJI is -0.31 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monotaro Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Monotaro Pink Sheet

0.8	MPNGF	Meituan	Pair Corr
0.81	MPNGY	Meituan ADR	Pair Corr
0.66	SE	Sea Earnings Call This Week	Pair Corr

Moving against Monotaro Pink Sheet

0.78	WEICF	Weichai Power	Pair Corr
0.78	KOS	Kosmos Energy Buyout Trend	Pair Corr
0.77	DAR	Darling Ingredients	Pair Corr
0.72	ASTE	Astec Industries	Pair Corr
0.7	MOG-A	Moog Inc	Pair Corr
0.69	ASX	ASE Industrial Holding	Pair Corr
0.66	FMX	Fomento Economico	Pair Corr
0.58	ABOS	Acumen Pharmaceuticals	Pair Corr
0.55	HBB	Hamilton Beach Brands Earnings Call Next Week	Pair Corr
0.49	PEB	Pebblebrook Hotel Trust	Pair Corr
0.41	LYG	Lloyds Banking Group	Pair Corr
0.39	BABAF	Alibaba Group Holding Earnings Call This Week	Pair Corr
0.34	THLLY	Thales SA ADR	Pair Corr
0.32	PDER	Pardee Resources	Pair Corr
0.8	BHFAP	Brighthouse Financial	Pair Corr
0.74	PZG	Paramount Gold Nevada	Pair Corr
0.73	ALLO	Allogene Therapeutics Earnings Call Tomorrow	Pair Corr
0.71	UTMD	Utah Medical Products	Pair Corr
0.7	SAPMF	Saipem SpA Earnings Call This Week	Pair Corr
0.69	WSFS	WSFS Financial	Pair Corr
0.69	THYCF	Taiheiyo Cement	Pair Corr
0.68	LTSK	Ladenburg Thalmann	Pair Corr

Related Correlations Analysis

	ZLNDY	SRTTY	ELPQF	DELHY	DUFRY	CDNAF	ATZAF	ZLDSF	DLVHF	KGFHF
ZLNDY		0.69	-0.53	0.53	-0.52	-0.69	-0.07	-0.65	0.14	-0.66	ZLNDY
SRTTY	0.69		-0.67	-0.01	-0.71	-0.73	-0.31	-0.55	-0.37	-0.7	SRTTY
ELPQF	-0.53	-0.67		0.2	0.52	0.53	0.31	0.6	0.51	0.65	ELPQF
DELHY	0.53	-0.01	0.2		0.12	-0.12	0.23	-0.23	0.79	0.0	DELHY
DUFRY	-0.52	-0.71	0.52	0.12		0.77	0.46	0.37	0.43	0.71	DUFRY
CDNAF	-0.69	-0.73	0.53	-0.12	0.77		0.53	0.46	0.31	0.73	CDNAF
ATZAF	-0.07	-0.31	0.31	0.23	0.46	0.53		-0.17	0.35	0.38	ATZAF
ZLDSF	-0.65	-0.55	0.6	-0.23	0.37	0.46	-0.17		0.13	0.4	ZLDSF
DLVHF	0.14	-0.37	0.51	0.79	0.43	0.31	0.35	0.13		0.34	DLVHF
KGFHF	-0.66	-0.7	0.65	0.0	0.71	0.73	0.38	0.4	0.34		KGFHF
	ZLNDY	SRTTY	ELPQF	DELHY	DUFRY	CDNAF	ATZAF	ZLDSF	DLVHF	KGFHF

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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

DLVHF	+ 0.79	DELHY
CDNAF	+ 0.77	DUFRY
KGFHF	+ 0.73	CDNAF
KGFHF	+ 0.71	DUFRY
SRTTY	+ 0.69	ZLNDY
KGFHF	+ 0.65	ELPQF

High negative correlations

CDNAF	- 0.73	SRTTY
DUFRY	- 0.71	SRTTY
KGFHF	- 0.7	SRTTY
CDNAF	- 0.69	ZLNDY
ELPQF	- 0.67	SRTTY
KGFHF	- 0.66	ZLNDY

Risk-Adjusted Indicators

There is a big difference between Monotaro Pink Sheet performing well and Monotaro 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 Monotaro'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
ZLNDY	1.92	(0.20)	0.00	(0.82)	0.00	0.00	4.07	(3.57)	16.76
SRTTY	3.94	(0.10)	0.00	0.16	0.00	0.00	9.21	(7.51)	22.23
ELPQF	0.35	0.08	0.00	0.75	0.00	0.00	0.00	0.00	11.64
DELHY	3.43	0.05	0.02	0.06	4.11	(3.80)	7.76	(6.79)	27.21
DUFRY	1.32	0.16	0.06	0.83	1.65	(1.46)	2.80	(2.25)	15.37
CDNAF	1.16	0.27	0.11	1.96	1.80	(1.34)	2.65	(1.36)	14.82
ATZAF	1.82	0.24	0.07	(0.44)	2.45	(1.99)	4.19	(4.09)	13.44
ZLDSF	0.66	(0.02)	0.00	0.01	0.00	0.00	0.00	0.00	16.23
DLVHF	1.69	0.40	0.07	(1.14)	1.93	(6.60)	7.44	(2.83)	20.94
KGFHF	1.60	0.39	0.05	1.15	2.09	(4.46)	7.00	(1.52)	20.93

Be your own money manager

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

Tetsuya Koda	Executive Officer and Manager of Admin. Division	Profile
Masaaki Hashihara	Managing Executive Officer, Manager of Marketing Planning Unit	Profile
Kohei Shibagaki	Executive Officer and Manager of Customer Support Division	Profile
Masato Kubo	Executive Officer, Manager of Data Marketing Unit	Profile

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