SoftBank Corp Correlations

SFBQF Stock

USD 1.43 0.03 2.14%

The current 90-days correlation between SoftBank Corp and KDDI Corp PK is 0.1 (i.e., Average diversification). The correlation of SoftBank 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.

SoftBank Corp Correlation With Market

Average diversification

The correlation between SoftBank Corp and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SoftBank Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to SoftBank 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 SoftBank 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 SoftBank 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 SoftBank Corp to buy it.

Moving against SoftBank Pink Sheet

0.65	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.64	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.63	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.62	MFG	Mizuho Financial	Pair Corr
0.62	NMIH	NMI Holdings	Pair Corr
0.62	WSFS	WSFS Financial	Pair Corr
0.62	ATI	Allegheny Technologies	Pair Corr
0.57	MUFG	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.54	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.54	ACN	Accenture plc	Pair Corr
0.51	ACR-PC	ACRES Commercial Realty	Pair Corr
0.46	ASXSF	Elysee Development Corp	Pair Corr
0.44	KB	KB Financial Group	Pair Corr
0.42	BOF	BranchOut Food Common	Pair Corr
0.38	SANM	Sanmina	Pair Corr
0.36	KDDIF	KDDI Corp	Pair Corr
0.36	F	Ford Motor Aggressive Push	Pair Corr
0.33	DQ	Daqo New Energy	Pair Corr

Related Correlations Analysis

	KDDIY	KDDIF	SGAPY	SNGNF	NTTYY	NPPXF	SWZCF	SCMWY	RLXXF	TLGPY
KDDIY		0.26	0.91	0.79	-0.52	-0.26	-0.49	-0.39	-0.84	0.68	KDDIY
KDDIF	0.26		0.14	0.23	-0.19	-0.08	-0.36	-0.24	-0.23	0.13	KDDIF
SGAPY	0.91	0.14		0.86	-0.65	-0.36	-0.33	-0.38	-0.9	0.53	SGAPY
SNGNF	0.79	0.23	0.86		-0.56	-0.32	-0.17	-0.34	-0.82	0.34	SNGNF
NTTYY	-0.52	-0.19	-0.65	-0.56		0.54	0.25	0.41	0.72	-0.17	NTTYY
NPPXF	-0.26	-0.08	-0.36	-0.32	0.54		0.08	0.19	0.34	-0.15	NPPXF
SWZCF	-0.49	-0.36	-0.33	-0.17	0.25	0.08		0.67	0.51	-0.32	SWZCF
SCMWY	-0.39	-0.24	-0.38	-0.34	0.41	0.19	0.67		0.61	-0.18	SCMWY
RLXXF	-0.84	-0.23	-0.9	-0.82	0.72	0.34	0.51	0.61		-0.43	RLXXF
TLGPY	0.68	0.13	0.53	0.34	-0.17	-0.15	-0.32	-0.18	-0.43		TLGPY
	KDDIY	KDDIF	SGAPY	SNGNF	NTTYY	NPPXF	SWZCF	SCMWY	RLXXF	TLGPY

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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

SGAPY	+ 0.91	KDDIY
SNGNF	+ 0.86	SGAPY
SNGNF	+ 0.79	KDDIY
RLXXF	+ 0.72	NTTYY
TLGPY	+ 0.68	KDDIY
SCMWY	+ 0.67	SWZCF

High negative correlations

RLXXF	- 0.9	SGAPY
RLXXF	- 0.84	KDDIY
RLXXF	- 0.82	SNGNF
NTTYY	- 0.65	SGAPY
NTTYY	- 0.56	SNGNF
NTTYY	- 0.52	KDDIY

Risk-Adjusted Indicators

There is a big difference between SoftBank Pink Sheet performing well and SoftBank 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 SoftBank 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
KDDIY	0.85	0.08	0.04	0.25	0.84	(0.98)	2.13	(1.67)	4.80
KDDIF	1.46	0.25	0.02	(0.52)	1.95	(12.29)	2.39	(6.25)	35.45
SGAPY	0.87	0.00	0.04	0.00	0.93	(0.95)	2.50	(1.55)	9.20
SNGNF	1.03	0.21	0.01	(0.17)	1.59	(2.99)	1.98	(2.76)	20.20
NTTYY	0.75	(0.04)	0.00	(0.12)	0.00	0.00	1.70	(1.47)	6.00
NPPXF	3.76	0.27	0.03	(2.32)	4.53	(4.87)	8.42	(7.77)	34.92
SWZCF	0.79	0.09	0.00	(0.40)	1.31	(2.24)	3.28	(2.39)	10.25
SCMWY	0.83	(0.03)	0.00	0.69	0.00	0.00	1.89	(1.75)	5.49
RLXXF	1.53	(0.10)	0.00	(0.07)	0.00	0.00	3.00	(3.59)	10.16
TLGPY	0.78	(0.03)	(0.06)	0.04	0.95	(0.86)	1.61	(1.28)	5.18

Be your own money manager

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

Kazuhiko Fujihara	Ex CFO	Profile
Takashi Naito	Head Unit	Profile
Yasuyuki Imai	Enterprise COO	Profile
Masayoshi Son	Founder Director	Profile
Jun Shimba	Head COO	Profile
Hideyuki Tsukuda	Ex CTO	Profile
Junichi Miyakawa	CEO Pres	Profile

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