Sony Group Correlations
| SON1 Stock | EUR 18.30 0.10 0.55% |
The current 90-days correlation between Sony Group Corp and CHINA EDUCATION GROUP is -0.11 (i.e., Good diversification). The correlation of Sony 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.
Sony Group Correlation With Market
Significant diversification
The correlation between Sony Group Corp and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sony Group Corp and DJI in the same portfolio, assuming nothing else is changed.
Sony |
The ability to find closely correlated positions to Sony 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 Sony 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 Sony 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 Sony Group Corp to buy it.
Moving together with Sony Stock
| 0.72 | APC | Apple Inc | PairCorr |
| 0.71 | APC | Apple Inc | PairCorr |
| 0.86 | 3CP | Xiaomi | PairCorr |
| 0.75 | W5E | Peel Mining Limited | PairCorr |
| 0.89 | UN3 | United Natural Foods | PairCorr |
| 0.63 | E908 | Lyxor 1 | PairCorr |
| 0.77 | DBPE | Xtrackers LevDAX | PairCorr |
Moving against Sony Stock
| 0.8 | SSU | Samsung Electronics | PairCorr |
| 0.76 | SSUN | Samsung Electronics | PairCorr |
| 0.75 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.63 | KYR | Kyocera | PairCorr |
| 0.36 | BBZA | BB Biotech AG | PairCorr |
Related Correlations Analysis
| 0.01 | 0.75 | -0.01 | 0.24 | 0.0 | 0.27 | C3W | ||
| 0.01 | -0.14 | -0.84 | -0.87 | 0.0 | -0.16 | 03F | ||
| 0.75 | -0.14 | 0.23 | 0.34 | 0.0 | 0.45 | 3EAG | ||
| -0.01 | -0.84 | 0.23 | 0.83 | 0.0 | 0.41 | SI3 | ||
| 0.24 | -0.87 | 0.34 | 0.83 | 0.0 | 0.24 | SXV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 9IX | ||
| 0.27 | -0.16 | 0.45 | 0.41 | 0.24 | 0.0 | 9EV | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sony Stock performing well and Sony 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 Sony 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| C3W | 3.13 | 0.15 | 0.00 | (1.65) | 3.99 | 7.14 | 35.16 | |||
| 03F | 1.84 | (0.08) | 0.00 | (0.24) | 0.00 | 4.46 | 14.99 | |||
| 3EAG | 1.37 | 0.14 | 0.01 | 2.89 | 1.23 | 2.67 | 6.27 | |||
| SI3 | 0.76 | 0.31 | 0.12 | 0.90 | 0.28 | 2.08 | 9.68 | |||
| SXV | 1.90 | 0.33 | 0.08 | (3.37) | 1.65 | 3.96 | 21.69 | |||
| 9IX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 9EV | 0.31 | 0.14 | 0.00 | 1.44 | 0.00 | 0.00 | 7.14 |
Be your own money manager
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Sony Group Corporate Management
Elected by the shareholders, the Sony Group's board of directors comprises two types of representatives: Sony Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sony. The board's role is to monitor Sony Group's management team and ensure that shareholders' interests are well served. Sony Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sony Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Natsuko Takei | Sr Department | Profile | |
| Kenichiro Yoshida | President, CEO | Profile | |
| Kazushi Ambe | Sr Officer | Profile | |
| Keiichiro Shimada | SVP Exec | Profile | |
| Hiroki Totoki | CFO and President | Profile | |
| Shoji Nemoto | Head Bus | Profile | |
| Hiroaki Kitano | Corp CTO | Profile |