Sysmex Correlations

SSMXF Stock

USD 20.13 0.00 0.00%

The current 90-days correlation between Sysmex and Merit Medical Systems is -0.1 (i.e., Good diversification). The correlation of Sysmex 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.

Sysmex Correlation With Market

Average diversification

The correlation between Sysmex and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sysmex and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Sysmex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sysmex 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 Sysmex - 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 Sysmex to buy it.

Moving together with Sysmex Pink Sheet

0.68	ADSK	Autodesk	Pair Corr
0.7	BWXT	BWX Technologies	Pair Corr
0.62	NVDA	NVIDIA	Pair Corr
0.63	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.84	META	Meta Platforms Aggressive Push	Pair Corr

Moving against Sysmex Pink Sheet

0.68	BKRKF	PT Bank Rakyat	Pair Corr
0.51	PPERF	Bank Mandiri Persero	Pair Corr
0.5	JPSTF	JAPAN POST BANK	Pair Corr
0.42	BKRKY	Bank Rakyat	Pair Corr
0.42	EATBF	Eat Beyond Global	Pair Corr
0.31	PPERY	Bank Mandiri Persero	Pair Corr
0.46	AMIX	Autonomix Medical, Common	Pair Corr
0.45	BKSY	Blacksky Technology Tech Boost	Pair Corr
0.36	PHIL	PHI Group	Pair Corr

Related Correlations Analysis

	ISRG	MMSI	CZMWF	SARTF	WST	RGEN	CLPBY	HOCPY	COO	XRAY
ISRG		0.72	-0.54	-0.65	0.61	-0.22	-0.5	-0.58	-0.38	-0.85	ISRG
MMSI	0.72		-0.6	-0.31	0.61	-0.17	-0.35	-0.43	-0.1	-0.69	MMSI
CZMWF	-0.54	-0.6		0.5	-0.54	0.03	-0.07	0.52	0.07	0.41	CZMWF
SARTF	-0.65	-0.31	0.5		-0.32	0.24	0.27	0.48	0.42	0.61	SARTF
WST	0.61	0.61	-0.54	-0.32		0.1	-0.16	-0.27	-0.25	-0.58	WST
RGEN	-0.22	-0.17	0.03	0.24	0.1		0.44	0.33	0.05	0.28	RGEN
CLPBY	-0.5	-0.35	-0.07	0.27	-0.16	0.44		0.3	0.09	0.51	CLPBY
HOCPY	-0.58	-0.43	0.52	0.48	-0.27	0.33	0.3		0.14	0.5	HOCPY
COO	-0.38	-0.1	0.07	0.42	-0.25	0.05	0.09	0.14		0.53	COO
XRAY	-0.85	-0.69	0.41	0.61	-0.58	0.28	0.51	0.5	0.53		XRAY
	ISRG	MMSI	CZMWF	SARTF	WST	RGEN	CLPBY	HOCPY	COO	XRAY

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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

MMSI	+ 0.72	ISRG
WST	+ 0.61	ISRG
WST	+ 0.61	MMSI
XRAY	+ 0.61	SARTF
XRAY	+ 0.53	COO
HOCPY	+ 0.52	CZMWF

High negative correlations

XRAY	- 0.85	ISRG
XRAY	- 0.69	MMSI
SARTF	- 0.65	ISRG
CZMWF	- 0.6	MMSI
XRAY	- 0.58	WST
HOCPY	- 0.58	ISRG

Risk-Adjusted Indicators

There is a big difference between Sysmex Pink Sheet performing well and Sysmex 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 Sysmex'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
ISRG	1.06	0.10	0.05	0.28	0.99	(1.27)	2.03	(1.87)	11.94
MMSI	0.88	0.13	0.08	0.37	0.71	(0.96)	2.11	(1.23)	6.42
CZMWF	1.29	(0.13)	0.00	0.38	0.00	0.00	0.02	(5.41)	32.31
SARTF	1.00	(0.03)	0.00	(0.95)	0.00	0.00	3.44	(4.01)	21.89
WST	1.78	(0.02)	0.00	0.10	2.08	(2.00)	4.50	(3.02)	22.42
RGEN	2.29	(0.13)	0.00	(0.02)	0.00	0.00	4.60	(4.70)	18.94
CLPBY	1.16	(0.18)	0.00	(0.39)	0.00	0.00	1.96	(2.63)	5.64
HOCPY	1.45	(0.25)	0.00	(0.08)	0.00	0.00	3.27	(3.40)	10.30
COO	0.87	0.07	(0.01)	0.31	0.85	(0.96)	1.39	(1.64)	13.98
XRAY	1.94	(0.42)	0.00	(0.28)	0.00	0.00	3.05	(3.47)	32.90

Be your own money manager

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

Kenji Tachibana	Executive VP of Bus. Strategy Devel., Sr. Executive Officer and Member of the Managing Board	Profile
Tomokazu Yoshida	Executive Officer	Profile
Takashi Ono	Executive Officer	Profile
Kensuke Lizuka	Sr Div	Profile
Hiroshi Kanda	Executive Officer	Profile

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