Suzuki Correlations

SZKMY Stock

USD 47.76 0.86 1.77%

The current 90-days correlation between Suzuki Motor Corp and Isuzu Motors is 0.24 (i.e., Modest diversification). The correlation of Suzuki 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Suzuki Correlation With Market

Modest diversification

The correlation between Suzuki Motor Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Suzuki Motor Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Suzuki Pink Sheet

0.62	TM	Toyota Motor Earnings Call Tomorrow	Pair Corr
0.62	TOYOF	Toyota Motor Corp Earnings Call Tomorrow	Pair Corr
0.83	V	Visa Class A	Pair Corr
0.83	AXP	American Express	Pair Corr
0.68	IBM	International Business Tech Boost	Pair Corr
0.69	JPM	JPMorgan Chase	Pair Corr
0.76	CSCO	Cisco Systems	Pair Corr

Moving against Suzuki Pink Sheet

0.78	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.71	KEP	Korea Electric Power	Pair Corr
0.68	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.65	WF	Woori Financial Group Earnings Call This Week	Pair Corr
0.53	HYMTF	Hyundai Motor	Pair Corr
0.44	TLK	Telkom Indonesia Tbk	Pair Corr
0.39	BYDDF	BYD Limited	Pair Corr
0.37	BYDDY	BYD Co	Pair Corr
0.74	JNJ	Johnson Johnson	Pair Corr
0.7	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.7	HPQ	HP Inc	Pair Corr
0.68	INTC	Intel	Pair Corr
0.65	AA	Alcoa Corp	Pair Corr
0.56	KO	Coca Cola Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ISUZY	HNDAF	POAHF	MZDAY	FUJHY	BMWYY	MZDAF	RNLSY	NSANY
ISUZY		-0.11	-0.4	-0.32	0.37	-0.46	-0.36	0.4	0.28	ISUZY
HNDAF	-0.11		0.66	0.76	0.69	-0.45	0.58	0.31	0.05	HNDAF
POAHF	-0.4	0.66		0.77	0.4	-0.01	0.52	0.18	-0.17	POAHF
MZDAY	-0.32	0.76	0.77		0.51	-0.17	0.7	0.06	-0.24	MZDAY
FUJHY	0.37	0.69	0.4	0.51		-0.69	0.39	0.68	0.3	FUJHY
BMWYY	-0.46	-0.45	-0.01	-0.17	-0.69		-0.07	-0.64	-0.41	BMWYY
MZDAF	-0.36	0.58	0.52	0.7	0.39	-0.07		0.13	-0.02	MZDAF
RNLSY	0.4	0.31	0.18	0.06	0.68	-0.64	0.13		0.71	RNLSY
NSANY	0.28	0.05	-0.17	-0.24	0.3	-0.41	-0.02	0.71		NSANY
	ISUZY	HNDAF	POAHF	MZDAY	FUJHY	BMWYY	MZDAF	RNLSY	NSANY

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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

MZDAY	+ 0.77	POAHF
MZDAY	+ 0.76	HNDAF
NSANY	+ 0.71	RNLSY
MZDAF	+ 0.7	MZDAY
FUJHY	+ 0.69	HNDAF
RNLSY	+ 0.68	FUJHY

High negative correlations

BMWYY	- 0.69	FUJHY
RNLSY	- 0.64	BMWYY
BMWYY	- 0.46	ISUZY
BMWYY	- 0.45	HNDAF
NSANY	- 0.41	BMWYY
POAHF	- 0.4	ISUZY

Risk-Adjusted Indicators

There is a big difference between Suzuki Pink Sheet performing well and Suzuki 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 Suzuki'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
ISUZY	1.12	0.03	0.00	0.13	1.82	(1.05)	2.63	(2.23)	9.06
HNDAF	2.49	(0.09)	0.00	(0.11)	0.00	0.00	5.81	(5.98)	21.32
POAHF	1.71	(0.17)	0.00	0.95	0.00	0.00	3.28	(3.92)	9.22
MZDAY	1.65	0.01	(0.03)	0.03	2.20	(1.82)	3.44	(3.64)	11.45
FUJHY	1.30	(0.04)	(0.02)	0.01	2.40	(1.18)	2.53	(3.21)	11.12
BMWYY	1.55	(0.03)	0.00	(0.07)	0.00	0.00	2.95	(3.75)	12.90
MZDAF	1.71	0.08	0.00	0.72	2.21	(3.85)	4.76	(4.75)	16.95
RNLSY	1.33	0.15	0.06	(70.93)	1.28	(1.67)	2.97	(2.29)	7.42
NSANY	1.44	0.24	0.10	(5.24)	1.44	(1.72)	3.02	(2.48)	11.05

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Our tools can tell you how much better you can do entering a position in Suzuki 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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