Sumitomo Realty Correlations

SURDF Stock

USD 27.72 1.37 5.20%

The current 90-days correlation between Sumitomo Realty Deve and Daiwa House Industry is 0.11 (i.e., Average 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

Excellent diversification

The correlation between Sumitomo Realty Development and DJI is -0.58 (i.e., Excellent 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

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0.54	CBRE	CBRE Group Class	Pair Corr
0.47	WRFRF	Wharf Real Estate	Pair Corr
0.37	BEKE	Ke Holdings	Pair Corr
0.33	FCTI	Fact Inc	Pair Corr
0.33	NNAX	New Momentum	Pair Corr
0.66	CVX	Chevron Corp Earnings Call Today	Pair Corr
0.65	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.63	BA	Boeing	Pair Corr
0.58	INTC	Intel	Pair Corr
0.55	MRK	Merck Company Earnings Call This Week	Pair Corr
0.52	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.51	JNJ	Johnson Johnson	Pair Corr
0.5	WMT	Walmart Common Stock	Pair Corr
0.38	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.38	DIS	Walt Disney Earnings Call This Week	Pair Corr
0.36	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	DWAHF	CAOVY	DWAHY	CAOVF	VTAGY	CNGKY	VTWRF	HLDCY	CHKGF	HLDVF
DWAHF		0.32	0.45	-0.09	-0.55	0.01	-0.48	-0.24	-0.02	-0.22	DWAHF
CAOVY	0.32		0.49	0.48	-0.3	0.27	-0.42	0.22	0.15	0.34	CAOVY
DWAHY	0.45	0.49		0.26	-0.68	0.03	-0.36	0.11	0.06	0.01	DWAHY
CAOVF	-0.09	0.48	0.26		-0.3	-0.04	-0.14	-0.04	-0.12	0.24	CAOVF
VTAGY	-0.55	-0.3	-0.68	-0.3		0.41	0.63	0.49	0.45	0.46	VTAGY
CNGKY	0.01	0.27	0.03	-0.04	0.41		0.27	0.68	0.78	0.73	CNGKY
VTWRF	-0.48	-0.42	-0.36	-0.14	0.63	0.27		0.29	0.3	0.28	VTWRF
HLDCY	-0.24	0.22	0.11	-0.04	0.49	0.68	0.29		0.76	0.63	HLDCY
CHKGF	-0.02	0.15	0.06	-0.12	0.45	0.78	0.3	0.76		0.67	CHKGF
HLDVF	-0.22	0.34	0.01	0.24	0.46	0.73	0.28	0.63	0.67		HLDVF
	DWAHF	CAOVY	DWAHY	CAOVF	VTAGY	CNGKY	VTWRF	HLDCY	CHKGF	HLDVF

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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

CHKGF	+ 0.78	CNGKY
CHKGF	+ 0.76	HLDCY
HLDVF	+ 0.73	CNGKY
HLDCY	+ 0.68	CNGKY
HLDVF	+ 0.67	CHKGF
VTWRF	+ 0.63	VTAGY

High negative correlations

VTAGY	- 0.68	DWAHY
VTAGY	- 0.55	DWAHF
VTWRF	- 0.48	DWAHF
VTWRF	- 0.42	CAOVY
VTWRF	- 0.36	DWAHY
VTAGY	- 0.3	CAOVF

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	(0.34)	0.00	0.00	0.00	0.00	19.38
CAOVY	2.45	0.06	0.01	0.11	3.50	(2.72)	5.46	(5.65)	17.12
DWAHY	0.94	(0.10)	0.00	(0.06)	0.00	0.00	1.84	(1.99)	6.17
CAOVF	0.86	0.04	0.01	0.10	1.28	(9.59)	0.00	(2.30)	31.80
VTAGY	0.29	0.15	0.00	(0.61)	0.00	0.00	0.00	0.00	5.21
CNGKY	2.11	0.34	0.10	0.79	2.72	(2.10)	4.29	(3.77)	12.34
VTWRF	0.14	0.06	0.00	(1.53)	0.00	0.00	0.00	0.00	4.65
HLDCY	1.64	0.15	0.06	0.31	1.78	(1.93)	3.72	(3.24)	9.12
CHKGF	1.65	0.39	0.00	0.35	0.00	0.00	6.94	0.00	26.97
HLDVF	0.96	0.29	0.00	(6.90)	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.

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