Sumitomo Realty Correlations

SURDF Stock

USD 27.16 0.00 0.00%

The current 90-days correlation between Sumitomo Realty Deve and Daiwa House Industry is -0.01 (i.e., Good diversification). The correlation of Sumitomo Realty 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.

Sumitomo Realty Correlation With Market

Very good diversification

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

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

Moving against Sumitomo Pink Sheet

0.55	NEM	Newmont Goldcorp Corp Aggressive Push	Pair Corr
0.54	WNC	Wabash National	Pair Corr
0.5	CBRE	CBRE Group Class	Pair Corr
0.43	DCI	Donaldson	Pair Corr
0.39	SEBC	Southeastern Banking Corp	Pair Corr
0.33	WRFRF	Wharf Real Estate	Pair Corr
0.58	AVAI	Avant Technologies	Pair Corr
0.58	MARUF	Marubeni	Pair Corr
0.55	AEM	Agnico Eagle Mines	Pair Corr
0.54	SBSW	Sibanye Gold	Pair Corr
0.53	EGP	EastGroup Properties	Pair Corr
0.48	YASKY	Yaskawa Electric Corp	Pair Corr
0.45	FTCI	FTC Solar	Pair Corr
0.43	BKKLY	Bangkok Bank PCL	Pair Corr
0.41	JNJ	Johnson Johnson	Pair Corr
0.37	SSRM	SSR Mining	Pair Corr
0.36	PNXPF	Planet Ventures	Pair Corr
0.33	KB	KB Financial Group	Pair Corr

Related Correlations Analysis

	DWAHF	CAOVY	DWAHY	CAOVF	VTAGY	CNGKY	VTWRF	HLDCY	CHKGF	HLDVF
DWAHF		0.37	0.48	-0.06	-0.59	-0.09	-0.52	-0.33	-0.07	-0.32	DWAHF
CAOVY	0.37		0.54	0.47	-0.44	0.04	-0.52	0.02	-0.1	0.16	CAOVY
DWAHY	0.48	0.54		0.26	-0.71	-0.09	-0.45	-0.02	0.02	-0.09	DWAHY
CAOVF	-0.06	0.47	0.26		-0.26	-0.15	-0.11	-0.03	-0.21	0.27	CAOVF
VTAGY	-0.59	-0.44	-0.71	-0.26		0.49	0.76	0.59	0.47	0.51	VTAGY
CNGKY	-0.09	0.04	-0.09	-0.15	0.49		0.39	0.7	0.74	0.66	CNGKY
VTWRF	-0.52	-0.52	-0.45	-0.11	0.76	0.39		0.45	0.4	0.37	VTWRF
HLDCY	-0.33	0.02	-0.02	-0.03	0.59	0.7	0.45		0.74	0.63	HLDCY
CHKGF	-0.07	-0.1	0.02	-0.21	0.47	0.74	0.4	0.74		0.56	CHKGF
HLDVF	-0.32	0.16	-0.09	0.27	0.51	0.66	0.37	0.63	0.56		HLDVF
	DWAHF	CAOVY	DWAHY	CAOVF	VTAGY	CNGKY	VTWRF	HLDCY	CHKGF	HLDVF

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

VTWRF	+ 0.76	VTAGY
CHKGF	+ 0.74	CNGKY
CHKGF	+ 0.74	HLDCY
HLDCY	+ 0.7	CNGKY
HLDVF	+ 0.66	CNGKY
HLDVF	+ 0.63	HLDCY

High negative correlations

VTAGY	- 0.71	DWAHY
VTAGY	- 0.59	DWAHF
VTWRF	- 0.52	CAOVY
VTWRF	- 0.52	DWAHF
VTWRF	- 0.45	DWAHY
VTAGY	- 0.44	CAOVY

Risk-Adjusted Indicators

There is a big difference between Sumitomo Pink Sheet performing well and Sumitomo Realty 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 Sumitomo Realty'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
DWAHF	0.46	(0.04)	0.00	(0.35)	0.00	0.00	0.00	0.00	19.38
CAOVY	2.35	(0.02)	0.00	0.05	3.52	(2.57)	4.79	(5.65)	17.12
DWAHY	0.92	(0.08)	0.00	(0.02)	0.00	0.00	1.84	(1.99)	6.17
CAOVF	1.06	0.30	0.03	(0.12)	1.25	(8.92)	0.57	(2.30)	31.80
VTAGY	0.29	0.15	0.00	(0.61)	0.00	0.00	0.00	0.00	5.21
CNGKY	2.07	0.17	0.05	0.41	2.64	(2.01)	4.29	(3.77)	12.34
VTWRF	0.14	0.06	0.00	(1.46)	0.00	0.00	0.00	0.00	4.65
HLDCY	1.54	0.12	0.04	0.29	1.73	(1.80)	3.42	(3.24)	9.12
CHKGF	1.47	0.26	0.00	0.28	0.00	0.00	3.50	0.00	26.97
HLDVF	0.96	0.29	0.00	(5.55)	0.00	0.00	4.51	(1.32)	14.08

Be your own money manager

Our tools can tell you how much better you can do entering a position in Sumitomo Realty 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 Alpha Finder Now

Alpha Finder

Use alpha and beta coefficients to find investment opportunities after accounting for the risk

All Next

Launch Module

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