TDK Correlations
| TDKA Stock | 11.10 0.20 1.83% |
The current 90-days correlation between TDK Corporation and Murata Manufacturing Co is 0.4 (i.e., Very weak diversification). The correlation of TDK 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.
TDK Correlation With Market
Good diversification
The correlation between TDK Corp. and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TDK Corp. and DJI in the same portfolio, assuming nothing else is changed.
TDK |
The ability to find closely correlated positions to TDK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDK 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 TDK - 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 TDK Corporation to buy it.
Moving together with TDK Stock
Moving against TDK Stock
| 0.43 | HHP2 | Hon Hai Precision | PairCorr |
| 0.39 | GLW | Corning Incorporated | PairCorr |
| 0.39 | HUEC | Hubbell Incorporated | PairCorr |
| 0.37 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.35 | E908 | Lyxor 1 | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in TDK 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?
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Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
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TDK Corporate Management
Elected by the shareholders, the TDK's board of directors comprises two types of representatives: TDK inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TDK. The board's role is to monitor TDK's management team and ensure that shareholders' interests are well served. TDK'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, TDK's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andreas Keller | VP HQ | Profile | |
| Ikuo Fukuchi | Global Officer | Profile | |
| Sumio Marukawa | Gen Hq | Profile | |
| Kim Ong | Co Officer | Profile | |
| Joachim Thiele | Co Officer | Profile |