Rohm Co Correlations

ROHCY Stock

USD 9.60 0.05 0.52%

The current 90-days correlation between Rohm Co and Renesas Electronics is -0.02 (i.e., Good diversification). The correlation of Rohm Co 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.

Rohm Co Correlation With Market

Modest diversification

The correlation between Rohm Co Ltd and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rohm Co Ltd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Rohm Pink Sheet

0.63	AMD	Advanced Micro Devices Earnings Call This Week	Pair Corr
0.7	ADI	Analog Devices	Pair Corr
0.7	PPERF	Bank Mandiri Persero	Pair Corr
0.74	PPERY	Bank Mandiri Persero	Pair Corr
0.8	BKRKY	Bank Rakyat Earnings Call Tomorrow	Pair Corr
0.67	PTBRY	Bank Negara Indonesia	Pair Corr

Moving against Rohm Pink Sheet

0.59	MRVL	Marvell Technology	Pair Corr
0.36	AVGO	Broadcom	Pair Corr
0.75	PLTR	Palantir Technologies Earnings Call Tomorrow	Pair Corr
0.6	V	Visa Class A	Pair Corr
0.49	VIST	Vista Oil Gas	Pair Corr
0.36	LPTH	LightPath Technologies Earnings Call This Week	Pair Corr
0.35	GILT	Gilat Satellite Networks	Pair Corr

Related Correlations Analysis

	RNECF	IFNNY	POWI	MTSI	RNECY	IFNNF	QNCCF	STMEF	ALMU	ODII
RNECF		0.13	0.06	0.29	0.08	0.32	-0.03	0.13	0.0	0.09	RNECF
IFNNY	0.13		-0.33	0.39	-0.05	0.53	0.64	-0.29	0.77	-0.33	IFNNY
POWI	0.06	-0.33		0.24	0.17	0.03	-0.34	0.29	-0.37	0.46	POWI
MTSI	0.29	0.39	0.24		-0.09	0.55	0.34	-0.17	0.44	0.1	MTSI
RNECY	0.08	-0.05	0.17	-0.09		0.18	-0.31	0.45	-0.33	0.05	RNECY
IFNNF	0.32	0.53	0.03	0.55	0.18		0.34	0.1	0.46	0.19	IFNNF
QNCCF	-0.03	0.64	-0.34	0.34	-0.31	0.34		-0.26	0.8	-0.38	QNCCF
STMEF	0.13	-0.29	0.29	-0.17	0.45	0.1	-0.26		-0.39	0.11	STMEF
ALMU	0.0	0.77	-0.37	0.44	-0.33	0.46	0.8	-0.39		-0.13	ALMU
ODII	0.09	-0.33	0.46	0.1	0.05	0.19	-0.38	0.11	-0.13		ODII
	RNECF	IFNNY	POWI	MTSI	RNECY	IFNNF	QNCCF	STMEF	ALMU	ODII

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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

ALMU	+ 0.8	QNCCF
ALMU	+ 0.77	IFNNY
QNCCF	+ 0.64	IFNNY
IFNNF	+ 0.55	MTSI
IFNNF	+ 0.53	IFNNY
ODII	+ 0.46	POWI

High negative correlations

ALMU	- 0.39	STMEF
ODII	- 0.38	QNCCF
ALMU	- 0.37	POWI
QNCCF	- 0.34	POWI
ALMU	- 0.33	RNECY
ODII	- 0.33	IFNNY

Risk-Adjusted Indicators

There is a big difference between Rohm Pink Sheet performing well and Rohm Co 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 Rohm Co'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
RNECF	2.53	(0.23)	0.00	(0.14)	0.00	0.00	5.41	(7.47)	23.30
IFNNY	1.60	0.04	0.00	0.18	2.12	(1.54)	3.38	(3.10)	8.82
POWI	1.87	(0.03)	(0.03)	0.01	2.30	(1.78)	3.78	(3.51)	10.93
MTSI	2.27	0.10	0.03	0.17	3.35	(2.32)	4.30	(3.42)	29.29
RNECY	1.71	0.03	(0.01)	0.32	2.20	(1.87)	3.43	(3.90)	10.34
IFNNF	1.89	0.01	(0.01)	0.11	2.38	(2.19)	4.22	(4.46)	9.90
QNCCF	15.97	4.98	0.32	2.11	12.13	(21.54)	36.84	(26.67)	151.55
STMEF	2.84	(0.24)	0.00	0.95	0.00	0.00	7.73	(7.17)	19.52
ALMU	6.95	2.08	0.23	(0.75)	6.49	(8.76)	20.85	(10.69)	79.86
ODII	3.86	1.14	0.00	(0.16)	0.00	0.00	4.17	(2.34)	154.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Rohm Co 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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Tetsuo Aoki	Co Headquarters	Profile
Tetsuo Tateishi	CTO Officer	Profile
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