OracleJapan Correlations

OCLCF Stock

USD 70.20 21.79 23.69%

The current 90-days correlation between Oracle Japan and Nemetschek SE is 0.31 (i.e., Weak diversification). The correlation of OracleJapan 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.

OracleJapan Correlation With Market

Good diversification

The correlation between Oracle Japan and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oracle Japan and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with OracleJapan Pink Sheet

0.61

SAP

SAP SE ADR

Pair Corr

Moving against OracleJapan Pink Sheet

0.41	SKM	SK Telecom	Pair Corr
0.37	KB	KB Financial Group	Pair Corr
0.34	FINN	First National	Pair Corr
0.77	VZ	Verizon Communications Aggressive Push	Pair Corr
0.43	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.41	JNJ	Johnson Johnson	Pair Corr
0.41	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.36	CVX	Chevron Corp	Pair Corr
0.35	CAT	Caterpillar	Pair Corr
0.33	MRK	Merck Company Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	NEMKY	SGGEF	SNPTF	BYDIF	NCSYF	CCOEY	SGPYY	NEMTF	YZOFF	CCOEF
NEMKY		0.49	0.51	0.16	0.26	0.21	0.58	0.37	0.0	0.22	NEMKY
SGGEF	0.49		0.75	0.61	0.75	0.69	0.65	0.26	0.0	0.52	SGGEF
SNPTF	0.51	0.75		0.46	0.74	0.63	0.71	0.3	0.0	0.42	SNPTF
BYDIF	0.16	0.61	0.46		0.57	0.51	0.43	-0.01	0.0	0.35	BYDIF
NCSYF	0.26	0.75	0.74	0.57		0.69	0.58	0.07	0.0	0.44	NCSYF
CCOEY	0.21	0.69	0.63	0.51	0.69		0.43	0.26	0.0	0.75	CCOEY
SGPYY	0.58	0.65	0.71	0.43	0.58	0.43		0.34	0.0	0.22	SGPYY
NEMTF	0.37	0.26	0.3	-0.01	0.07	0.26	0.34		0.0	0.48	NEMTF
YZOFF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	YZOFF
CCOEF	0.22	0.52	0.42	0.35	0.44	0.75	0.22	0.48	0.0		CCOEF
	NEMKY	SGGEF	SNPTF	BYDIF	NCSYF	CCOEY	SGPYY	NEMTF	YZOFF	CCOEF

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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

SNPTF	+ 0.75	SGGEF
NCSYF	+ 0.75	SGGEF
CCOEF	+ 0.75	CCOEY
NCSYF	+ 0.74	SNPTF
SGPYY	+ 0.71	SNPTF
CCOEY	+ 0.69	SGGEF

High negative correlations

NEMTF	- 0.01	BYDIF
CCOEF	- 0.0	YZOFF
YZOFF	- 0.0	NEMTF
YZOFF	- 0.0	SGPYY
YZOFF	- 0.0	CCOEY
YZOFF	- 0.0	NCSYF

Risk-Adjusted Indicators

There is a big difference between OracleJapan Pink Sheet performing well and OracleJapan 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 OracleJapan'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
NEMKY	1.77	(0.39)	(0.38)	6.33	(9.42)	24.69
SGGEF	1.19	(0.21)	(0.27)	4.77	(4.89)	13.77
SNPTF	0.98	(0.41)	0.95	0.00	0.00	18.76
BYDIF	2.18	(0.18)	(0.23)	5.69	(8.00)	20.71
NCSYF	1.44	(0.29)	(0.84)	3.51	(6.85)	20.55
CCOEY	2.00	(0.23)	(0.31)	4.71	(3.89)	14.32
SGPYY	1.22	(0.26)	(0.49)	1.97	(3.36)	7.74
NEMTF	1.04	(0.51)	0.45	0.00	0.00	33.70
YZOFF	0.00	0.00	0.00	0.00	0.00	0.00
CCOEF	1.05	(0.13)	(0.61)	3.03	(5.81)	17.79

Be your own money manager

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