Takara Bio Correlations

TF2 Stock

EUR 5.85 0.85 17.00%

The current 90-days correlation between Takara Bio and Global Ship Lease is -0.01 (i.e., Good diversification). The correlation of Takara Bio 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.

Takara Bio Correlation With Market

Good diversification

The correlation between Takara Bio and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Takara Bio and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Takara Stock

0.62	BAOA	Bastogi SpA	Pair Corr
0.63	CWW	Commonwealth Bank	Pair Corr

Moving against Takara Stock

0.36

IMK

IMAX China Holding

Pair Corr

Related Correlations Analysis

	9X8	AVLA	37H	DSG	KWO	AS7	HZ8
9X8		-0.27	-0.05	-0.3	0.09	0.24	-0.04	9X8
AVLA	-0.27		-0.17	0.52	0.44	0.3	-0.19	AVLA
37H	-0.05	-0.17		-0.27	-0.42	-0.3	0.49	37H
DSG	-0.3	0.52	-0.27		0.53	0.45	-0.4	DSG
KWO	0.09	0.44	-0.42	0.53		0.72	-0.57	KWO
AS7	0.24	0.3	-0.3	0.45	0.72		-0.58	AS7
HZ8	-0.04	-0.19	0.49	-0.4	-0.57	-0.58		HZ8
	9X8	AVLA	37H	DSG	KWO	AS7	HZ8

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

AS7	+ 0.72	KWO
KWO	+ 0.53	DSG
DSG	+ 0.52	AVLA
HZ8	+ 0.49	37H
AS7	+ 0.45	DSG
KWO	+ 0.44	AVLA

High negative correlations

HZ8	- 0.58	AS7
HZ8	- 0.57	KWO
KWO	- 0.42	37H
HZ8	- 0.4	DSG
AS7	- 0.3	37H
DSG	- 0.3	9X8

Risk-Adjusted Indicators

There is a big difference between Takara Stock performing well and Takara Bio 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 Takara Bio'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
9X8	0.82	0.10	0.01	(0.19)	0.88	(1.22)	2.49	(1.71)	7.42
AVLA	0.30	(0.02)	0.00	(0.33)	0.00	0.00	0.93	(0.92)	2.78
37H	1.53	0.23	0.10	7.13	1.53	(1.92)	2.80	(3.43)	13.09
DSG	1.96	(0.16)	0.00	(0.66)	0.00	0.00	4.75	(4.35)	13.53
KWO	1.32	(0.07)	0.00	(0.02)	0.00	0.00	3.54	(1.82)	16.73
AS7	0.74	(0.03)	0.00	(1.65)	0.00	0.00	2.38	(1.88)	5.35
HZ8	1.56	0.29	0.10	0.75	1.79	(1.87)	3.17	(4.17)	9.24

Be your own money manager

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

Elected by the shareholders, the Takara Bio's board of directors comprises two types of representatives: Takara Bio inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Takara. The board's role is to monitor Takara Bio's management team and ensure that shareholders' interests are well served. Takara Bio'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, Takara Bio's outside directors are responsible for providing unbiased perspectives on the board's policies.

Junichi Mineno	Executive VP	Profile
Katsuhiko Kusakabe	Managing Officer	Profile
Andrew Farmer	Head Development	Profile
Ikuei Nukaya	Managing Headquarters	Profile
Koichi Nakao	Pres CEO	Profile
MS MS	Ex Director	Profile
Mutsumi Sano	Sr Officer	Profile

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