Taisei Correlations

TISCF Stock

USD 86.14 0.00 0.00%

The current 90-days correlation between Taisei and Ackermans Van Haaren is -0.02 (i.e., Good diversification). The correlation of Taisei 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.

Taisei Correlation With Market

Modest diversification

The correlation between Taisei and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taisei and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Taisei Pink Sheet

0.79	LTOUF	Larsen Toubro Limited	Pair Corr
0.66	MTZ	MasTec Inc	Pair Corr
0.66	TLK	Telkom Indonesia Tbk	Pair Corr
0.63	PTAIY	Astra International Tbk	Pair Corr
0.76	PPERY	Bank Mandiri Persero	Pair Corr
0.95	PPERF	Bank Mandiri Persero	Pair Corr
0.8	APGE	Apogee Therapeutics,	Pair Corr
0.79	GM	General Motors	Pair Corr
0.81	SHIP	Seanergy Maritime	Pair Corr
0.73	IDN	Intellicheck Mobilisa	Pair Corr
0.68	DNGFF	Dongfang ElectricLimited	Pair Corr
0.69	AAPL	Apple Inc	Pair Corr
0.87	HL	Hecla Mining	Pair Corr
0.9	NGENF	NervGen Pharma Corp	Pair Corr
0.79	KODK	Eastman Kodak	Pair Corr
0.93	HIRU	Hiru	Pair Corr

Moving against Taisei Pink Sheet

0.53	PTAIF	PT Astra International	Pair Corr
0.49	EME	EMCOR Group	Pair Corr
0.38	BKRKY	Bank Rakyat	Pair Corr
0.32	CYPS	Cyclo3pss	Pair Corr

Related Correlations Analysis

	AVHNY	CCOHF	SHMUY	EKIVF	PYOIF	SGHHF	MIHDF	XJNGF	ARCAY	RICOF
AVHNY		0.49	0.0	0.1	0.66	-0.46	0.0	0.02	-0.58	0.1	AVHNY
CCOHF	0.49		0.0	0.22	0.8	-0.43	0.0	-0.42	-0.77	0.25	CCOHF
SHMUY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SHMUY
EKIVF	0.1	0.22	0.0		0.15	-0.09	0.0	-0.02	-0.08	-0.02	EKIVF
PYOIF	0.66	0.8	0.0	0.15		-0.72	0.0	-0.37	-0.74	0.15	PYOIF
SGHHF	-0.46	-0.43	0.0	-0.09	-0.72		0.0	0.18	0.55	-0.08	SGHHF
MIHDF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	MIHDF
XJNGF	0.02	-0.42	0.0	-0.02	-0.37	0.18	0.0		0.38	0.34	XJNGF
ARCAY	-0.58	-0.77	0.0	-0.08	-0.74	0.55	0.0	0.38		-0.06	ARCAY
RICOF	0.1	0.25	0.0	-0.02	0.15	-0.08	0.0	0.34	-0.06		RICOF
	AVHNY	CCOHF	SHMUY	EKIVF	PYOIF	SGHHF	MIHDF	XJNGF	ARCAY	RICOF

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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

PYOIF	+ 0.8	CCOHF
PYOIF	+ 0.66	AVHNY
ARCAY	+ 0.55	SGHHF
CCOHF	+ 0.49	AVHNY
ARCAY	+ 0.38	XJNGF
RICOF	+ 0.34	XJNGF

High negative correlations

ARCAY	- 0.77	CCOHF
ARCAY	- 0.74	PYOIF
SGHHF	- 0.72	PYOIF
ARCAY	- 0.58	AVHNY
SGHHF	- 0.46	AVHNY
SGHHF	- 0.43	CCOHF

Risk-Adjusted Indicators

There is a big difference between Taisei Pink Sheet performing well and Taisei 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 Taisei'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
AVHNY	1.63	0.80	0.00	3.51	0.00	0.00	0.00	0.00	54.71
CCOHF	1.83	0.65	0.00	(0.64)	0.00	0.00	2.97	0.00	43.82
SHMUY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EKIVF	11.83	4.81	0.00	(9.85)	0.00	0.00	0.00	0.00	395.24
PYOIF	0.54	0.26	0.00	21.50	0.00	0.00	0.00	0.00	17.97
SGHHF	3.85	(0.51)	0.00	(0.77)	0.00	0.00	9.59	(11.81)	18.22
MIHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XJNGF	2.48	0.40	0.04	2.66	3.10	(7.24)	10.00	(6.90)	31.80
ARCAY	2.69	(0.16)	0.00	(0.02)	0.00	0.00	7.98	(9.36)	45.99
RICOF	5.58	(2.82)	0.00	88.43	0.00	0.00	0.00	0.00	181.49

Be your own money manager

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