SoftBank Group Correlations

SFTBY Stock

USD 28.78 0.02 0.07%

The current 90-days correlation between SoftBank Group Corp and Vodafone Group PLC is 0.15 (i.e., Average diversification). The correlation of SoftBank Group 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.

SoftBank Group Correlation With Market

Very weak diversification

The correlation between SoftBank Group Corp and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SoftBank Group Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SoftBank Pink Sheet

0.62

GE Aerospace Fiscal Year End 28th of January 2025

Pair Corr

Moving against SoftBank Pink Sheet

0.46	PG	Procter Gamble	Pair Corr
0.41	DTEGY	Deutsche Telekom	Pair Corr
0.35	AMIX	Autonomix Medical, Common	Pair Corr

Related Correlations Analysis

	AAFRF	VODPF	NTTYY	USM	DISH	TEF	VIV	AMX	SKM	VOD
AAFRF		0.58	-0.74	-0.64	-0.19	0.61	0.71	0.64	0.55	0.7	AAFRF
VODPF	0.58		-0.69	-0.6	-0.21	0.74	0.81	0.45	0.8	0.76	VODPF
NTTYY	-0.74	-0.69		0.71	0.23	-0.72	-0.76	-0.44	-0.71	-0.79	NTTYY
USM	-0.64	-0.6	0.71		-0.1	-0.62	-0.71	-0.49	-0.65	-0.75	USM
DISH	-0.19	-0.21	0.23	-0.1		-0.38	-0.27	-0.22	-0.15	-0.14	DISH
TEF	0.61	0.74	-0.72	-0.62	-0.38		0.81	0.55	0.67	0.8	TEF
VIV	0.71	0.81	-0.76	-0.71	-0.27	0.81		0.58	0.8	0.85	VIV
AMX	0.64	0.45	-0.44	-0.49	-0.22	0.55	0.58		0.55	0.7	AMX
SKM	0.55	0.8	-0.71	-0.65	-0.15	0.67	0.8	0.55		0.86	SKM
VOD	0.7	0.76	-0.79	-0.75	-0.14	0.8	0.85	0.7	0.86		VOD
	AAFRF	VODPF	NTTYY	USM	DISH	TEF	VIV	AMX	SKM	VOD

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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

VOD	+ 0.86	SKM
VOD	+ 0.85	VIV
VIV	+ 0.81	VODPF
VIV	+ 0.81	TEF
SKM	+ 0.8	VODPF
VOD	+ 0.8	TEF

High negative correlations

VOD	- 0.79	NTTYY
VIV	- 0.76	NTTYY
VOD	- 0.75	USM
NTTYY	- 0.74	AAFRF
TEF	- 0.72	NTTYY
VIV	- 0.71	USM

Risk-Adjusted Indicators

There is a big difference between SoftBank Pink Sheet performing well and SoftBank Group 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 Group'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
AAFRF	2.01	(0.27)	0.00	(0.20)	0.00	0.00	5.65	(5.69)	26.31
VODPF	1.66	(0.16)	0.00	(2.27)	0.00	0.00	3.45	(5.66)	27.67
NTTYY	0.90	0.13	0.04	0.57	0.86	(1.04)	2.04	(1.63)	6.83
USM	1.70	0.13	0.05	0.27	2.05	(1.79)	3.03	(3.26)	14.05
DISH	3.42	0.02	(0.01)	0.17	4.14	(3.98)	6.90	(6.81)	28.09
TEF	0.81	0.02	0.00	0.05	0.00	0.00	2.12	(1.77)	6.16
VIV	1.17	(0.14)	0.00	(1.29)	0.00	0.00	2.33	(3.00)	6.67
AMX	1.17	(0.29)	0.00	(0.35)	0.00	0.00	2.26	(2.88)	7.18
SKM	0.84	(0.06)	0.00	(6.37)	0.00	0.00	2.04	(1.71)	5.40
VOD	1.05	(0.13)	0.00	(0.21)	0.00	0.00	2.06	(2.12)	11.18

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

Mark Kornblau	Global Communications	Profile
Kentaro Matsui	Executive Officer	Profile
Tim Mackey	GCO, Officer	Profile
Dipchand Nishar	Managing Partner	Profile
Keiichi Makizono	VP Officer	Profile
Andrew Kovacs	PR Chief	Profile

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