SoftBank Corp Correlations

SFBQF Stock

USD 1.37 0.01 0.72%

The current 90-days correlation between SoftBank Corp and KDDI Corp PK is -0.16 (i.e., Good 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

Excellent diversification

The correlation between SoftBank Corp and DJI is -0.56 (i.e., Excellent 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

0.46	CMCSA	Comcast Corp	Pair Corr
0.44	NTTYY	Nippon Telegraph	Pair Corr
0.36	EC	Ecopetrol SA ADR	Pair Corr
0.61	TORO	Toro	Pair Corr
0.58	BNEFF	Bonterra Energy Corp	Pair Corr
0.55	FRSB	First Resource Bank	Pair Corr
0.54	TOGOF	TomaGold	Pair Corr
0.53	DUK-PA	Duke Energy	Pair Corr
0.5	BLAGF	Blue Lagoon Resources	Pair Corr
0.47	JOE	St Joe Company	Pair Corr
0.47	GAYMF	Galway Metals	Pair Corr
0.42	CGECF	Cogeco Inc	Pair Corr
0.38	CYD	China Yuchai Interna	Pair Corr
0.37	EXAS	EXACT Sciences	Pair Corr
0.37	TLOFF	Talon Metals Corp	Pair Corr
0.32	AES	AES Aggressive Push	Pair Corr
0.63	GS	Goldman Sachs Group	Pair Corr
0.57	USPH	US Physicalrapy	Pair Corr
0.54	YLLXF	Yellow Cake plc Downward Rally	Pair Corr
0.54	FRFFF	Fairfax Financial	Pair Corr
0.51	UMAC	Unusual Machines	Pair Corr
0.51	TATT	Tat Techno	Pair Corr

Related Correlations Analysis

	KDDIY	KDDIF	SGAPY	SNGNF	NTTYY	NPPXF	SWZCF	SCMWY	RLXXF	TLGPY
KDDIY		0.1	-0.06	-0.17	0.27	0.12	-0.33	-0.26	0.25	-0.11	KDDIY
KDDIF	0.1		0.0	-0.02	0.24	0.06	0.03	0.14	-0.09	0.07	KDDIF
SGAPY	-0.06	0.0		0.76	-0.24	0.13	0.67	0.69	-0.84	0.68	SGAPY
SNGNF	-0.17	-0.02	0.76		-0.28	0.01	0.63	0.61	-0.72	0.44	SNGNF
NTTYY	0.27	0.24	-0.24	-0.28		0.37	-0.04	0.07	0.17	0.11	NTTYY
NPPXF	0.12	0.06	0.13	0.01	0.37		0.06	0.19	-0.19	0.2	NPPXF
SWZCF	-0.33	0.03	0.67	0.63	-0.04	0.06		0.95	-0.8	0.78	SWZCF
SCMWY	-0.26	0.14	0.69	0.61	0.07	0.19	0.95		-0.84	0.85	SCMWY
RLXXF	0.25	-0.09	-0.84	-0.72	0.17	-0.19	-0.8	-0.84		-0.84	RLXXF
TLGPY	-0.11	0.07	0.68	0.44	0.11	0.2	0.78	0.85	-0.84		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

SCMWY	+ 0.95	SWZCF
TLGPY	+ 0.85	SCMWY
TLGPY	+ 0.78	SWZCF
SNGNF	+ 0.76	SGAPY
SCMWY	+ 0.69	SGAPY
TLGPY	+ 0.68	SGAPY

High negative correlations

TLGPY	- 0.84	RLXXF
RLXXF	- 0.84	SCMWY
RLXXF	- 0.84	SGAPY
RLXXF	- 0.8	SWZCF
RLXXF	- 0.72	SNGNF
SWZCF	- 0.33	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	1.14	0.08	0.00	(0.10)	2.15	(1.27)	2.44	(1.67)	14.40
KDDIF	0.91	0.18	0.00	(0.32)	0.00	0.00	2.39	(0.29)	18.78
SGAPY	0.94	0.18	0.10	(4.61)	1.03	(1.01)	3.24	(1.67)	7.73
SNGNF	1.48	0.19	0.02	(0.17)	2.00	(4.58)	5.69	(4.71)	20.20
NTTYY	0.74	0.03	(0.03)	0.31	0.72	(0.95)	1.62	(1.00)	3.89
NPPXF	2.27	0.00	0.03	0.00	2.53	(3.42)	6.19	(5.83)	16.19
SWZCF	0.99	0.29	0.07	(1.49)	1.04	(2.79)	3.83	(1.34)	7.34
SCMWY	0.86	0.31	0.27	(1.51)	0.49	(1.00)	2.27	(1.25)	5.47
RLXXF	2.11	(0.45)	0.00	(1.93)	0.00	0.00	3.62	(4.62)	16.47
TLGPY	0.76	0.06	0.03	0.18	0.94	(0.79)	1.50	(1.18)	4.19

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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