SHIMAMURA Correlations
| SHAOF Stock | USD 64.47 0.00 0.00% |
The current 90-days correlation between SHIMAMURA and Aritzia is -0.07 (i.e., Good diversification). The correlation of SHIMAMURA 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.
SHIMAMURA Correlation With Market
Good diversification
The correlation between SHIMAMURA Co and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SHIMAMURA Co and DJI in the same portfolio, assuming nothing else is changed.
SHIMAMURA |
The ability to find closely correlated positions to SHIMAMURA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SHIMAMURA 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 SHIMAMURA - 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 SHIMAMURA Co to buy it.
Moving against SHIMAMURA Pink Sheet
| 0.92 | FINN | First National Earnings Call This Week | PairCorr |
| 0.77 | LULU | Lululemon Athletica | PairCorr |
| 0.74 | IDEXY | Industria de Diseno | PairCorr |
| 0.72 | IDEXF | Industria de Diseo | PairCorr |
| 0.7 | ROST | Ross Stores | PairCorr |
| 0.64 | TJX | TJX Companies | PairCorr |
| 0.53 | FRCOY | Fast Retailing | PairCorr |
| 0.49 | HYMTF | Hyundai Motor Earnings Call Tomorrow | PairCorr |
| 0.44 | FRCOF | Fast Retailing | PairCorr |
| 0.43 | KB | KB Financial Group | PairCorr |
| 0.34 | NXGPY | Next PLC ADR | PairCorr |
| 0.32 | NXGPF | NEXT plc | PairCorr |
| 0.91 | DVRNF | Deveron Corp | PairCorr |
| 0.74 | AMP | Ameriprise Financial | PairCorr |
| 0.73 | UMC | United Microelectronics | PairCorr |
| 0.71 | SWISF | Sekur Private Data | PairCorr |
| 0.71 | PCRHY | Panasonic Holdings | PairCorr |
| 0.7 | GMRE | Global Medical REIT | PairCorr |
| 0.69 | JPM | JPMorgan Chase | PairCorr |
| 0.6 | CTTAY | Continental AG PK | PairCorr |
| 0.56 | WEGZY | WEG SA ADR | PairCorr |
| 0.51 | CYRX | Cryoport | PairCorr |
| 0.46 | AMBR | Amber International Symbol Change | PairCorr |
| 0.38 | TGSNF | TGS ASA | PairCorr |
| 0.36 | SEE | Sealed Air | PairCorr |
| 0.88 | DDL | Dingdong Limited ADR | PairCorr |
| 0.85 | RDZN | Roadzen | PairCorr |
| 0.77 | BNPQY | BNP Paribas SA | PairCorr |
| 0.73 | ADAM | New York Mortgage Symbol Change | PairCorr |
| 0.72 | ABX | Abacus Global Management Symbol Change | PairCorr |
| 0.68 | AEGXF | Aecon Group | PairCorr |
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SHIMAMURA Pink Sheet performing well and SHIMAMURA 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 SHIMAMURA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZUMZ | 2.01 | 0.26 | 0.13 | 0.31 | 1.82 | 4.44 | 19.59 | |||
| FRCOF | 1.17 | 0.20 | 0.04 | 0.30 | 1.42 | 5.03 | 19.25 | |||
| IDEXY | 1.13 | 0.18 | 0.13 | 0.28 | 1.07 | 2.23 | 12.49 | |||
| ATZAF | 1.48 | 0.52 | 0.24 | 0.82 | 1.71 | 4.14 | 11.56 | |||
| SCVL | 2.38 | (0.17) | 0.00 | (0.01) | 0.00 | 4.98 | 11.78 | |||
| GCO | 3.14 | 0.37 | 0.08 | 0.26 | 5.76 | 8.14 | 39.13 | |||
| CTRN | 2.09 | 0.34 | 0.14 | 0.47 | 2.18 | 4.68 | 12.41 | |||
| JILL | 2.19 | 0.01 | 0.01 | 0.10 | 3.09 | 5.40 | 19.92 | |||
| TLYS | 3.42 | 0.01 | 0.02 | 0.10 | 3.40 | 11.36 | 32.45 | |||
| DLTH | 3.05 | (0.58) | 0.00 | (0.22) | 0.00 | 5.57 | 38.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SHIMAMURA 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.Did you try this?
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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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SHIMAMURA Corporate Management
| Takahisa Nakamura | Managing Officer | Profile | |
| Masato Nonaka | Pres Officer | Profile | |
| Masaaki Kurihara | Ex Officer | Profile | |
| Takeshi Nakamura | Ex Officer | Profile | |
| Hiroyuki Tamaki | Storehouse Dept | Profile | |
| Tsuneyoshi Kitajima | Sr Director | Profile | |
| Makoto Suzuki | Ex Dept | Profile |