SHIMAMURA Correlations

SHAOF Stock

USD 64.47 0.00 0.00%

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.

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 together with SHIMAMURA Pink Sheet

0.63	CTBB	Qwest Corp NT	Pair Corr
0.61	CTDD	Qwest Corp 6	Pair Corr

Moving against SHIMAMURA Pink Sheet

0.94	FINN	First National Earnings Call This Week	Pair Corr
0.75	LULU	Lululemon Athletica	Pair Corr
0.74	IDEXY	Industria de Diseno	Pair Corr
0.72	IDEXF	Industria de Diseo	Pair Corr
0.72	ROST	Ross Stores	Pair Corr
0.65	TJX	TJX Companies Sell-off Trend	Pair Corr
0.56	FRCOY	Fast Retailing	Pair Corr
0.49	FRCOF	Fast Retailing	Pair Corr
0.48	HYMTF	Hyundai Motor	Pair Corr
0.48	KB	KB Financial Group	Pair Corr
0.35	NXGPF	NEXT plc	Pair Corr
0.35	PKX	POSCO Holdings Earnings Call This Week	Pair Corr
0.92	DVRNF	Deveron Corp	Pair Corr
0.76	AMP	Ameriprise Financial Earnings Call This Week	Pair Corr
0.73	PCRHY	Panasonic Holdings	Pair Corr
0.72	GMRE	Global Medical REIT	Pair Corr
0.7	SWISF	Sekur Private Data	Pair Corr
0.68	UMC	United Microelectronics Trending	Pair Corr
0.66	CTTAY	Continental AG PK	Pair Corr
0.61	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.59	WEGZY	WEG SA ADR	Pair Corr
0.56	AMBR	Amber International Symbol Change	Pair Corr
0.55	CYRX	Cryoport	Pair Corr
0.36	TGSNF	TGS ASA	Pair Corr
0.36	SEE	Sealed Air	Pair Corr
0.31	SKM	SK Telecom	Pair Corr
0.89	DDL	Dingdong Limited ADR	Pair Corr
0.83	RDZN	Roadzen	Pair Corr
0.79	BNPQY	BNP Paribas SA	Pair Corr
0.75	ADAM	New York Mortgage Symbol Change	Pair Corr
0.73	ABX	Abacus Global Management Symbol Change	Pair Corr
0.71	AEGXF	Aecon Group	Pair Corr

Related Correlations Analysis

	CLWY	CHDHF	LBHIX	MSTSX	VIASP	RRTLX	WQTM	OSHDF	SITKF	RWAYL
CLWY		0.0	0.0	0.0	0.0	0.0	0.0	-1.0	0.0	0.0	CLWY
CHDHF	0.0		0.66	0.79	0.72	0.8	0.14	0.0	-0.22	0.59	CHDHF
LBHIX	0.0	0.66		0.82	0.81	0.9	0.0	0.0	-0.66	0.85	LBHIX
MSTSX	0.0	0.79	0.82		0.86	0.96	0.2	0.0	-0.43	0.66	MSTSX
VIASP	0.0	0.72	0.81	0.86		0.87	0.1	0.0	-0.53	0.73	VIASP
RRTLX	0.0	0.8	0.9	0.96	0.87		0.11	0.0	-0.51	0.77	RRTLX
WQTM	0.0	0.14	0.0	0.2	0.1	0.11		0.0	0.32	-0.39	WQTM
OSHDF	-1.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	OSHDF
SITKF	0.0	-0.22	-0.66	-0.43	-0.53	-0.51	0.32	0.0		-0.69	SITKF
RWAYL	0.0	0.59	0.85	0.66	0.73	0.77	-0.39	0.0	-0.69		RWAYL
	CLWY	CHDHF	LBHIX	MSTSX	VIASP	RRTLX	WQTM	OSHDF	SITKF	RWAYL

Please upgrade your account to get full access to Macroaxis premium features

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

RRTLX	+ 0.96	MSTSX
RRTLX	+ 0.9	LBHIX
RRTLX	+ 0.87	VIASP
VIASP	+ 0.86	MSTSX
RWAYL	+ 0.85	LBHIX
MSTSX	+ 0.82	LBHIX

High negative correlations

OSHDF	- 1.0	CLWY
RWAYL	- 0.69	SITKF
SITKF	- 0.66	LBHIX
SITKF	- 0.53	VIASP
SITKF	- 0.51	RRTLX
SITKF	- 0.43	MSTSX

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
CLWY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHDHF	4.18	1.85	0.00	0.74	0.00	0.00	0.00	0.00	133.64
LBHIX	0.11	0.01	(0.39)	0.23	0.00	(0.20)	0.24	(0.24)	0.77
MSTSX	0.65	0.14	0.10	0.55	0.43	(0.80)	0.92	(1.09)	11.40
VIASP	0.34	0.02	(0.13)	(7.49)	0.46	(0.38)	0.89	(0.69)	2.46
RRTLX	0.27	0.03	(0.08)	0.17	0.10	(0.34)	0.57	(0.49)	3.30
WQTM	1.95	(0.18)	0.00	(0.47)	0.00	0.00	3.48	(5.19)	10.09
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SITKF	2.79	(0.33)	0.00	(0.67)	0.00	0.00	5.48	(6.85)	15.86
RWAYL	0.12	0.02	(0.41)	0.80	0.00	(0.15)	0.24	(0.28)	0.89

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?

Run Bollinger Bands Now

Bollinger Bands

Use Bollinger Bands indicator to analyze target price for a given investing horizon

All Next

Launch Module

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC