Taisei Correlations

TISCY Stock

USD 33.00 1.17 3.68%

The current 90-days correlation between Taisei and Obayashi is 0.11 (i.e., Average 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Taisei Correlation With Market

Very weak diversification

The correlation between Taisei and DJI is 0.56 (i.e., Very weak 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

0.78	PWR	Quanta Services	Pair Corr
0.85	VCISY	Vinci SA ADR	Pair Corr
0.84	VCISF	VINCI SA	Pair Corr
0.84	FIX	Comfort Systems USA	Pair Corr
0.76	EME	EMCOR Group	Pair Corr
0.85	MTZ	MasTec Inc	Pair Corr
0.75	CRWOF	China Railway Group	Pair Corr
0.74	APG	Api Group Corp Earnings Call This Week	Pair Corr
0.63	CTBB	Qwest Corp NT	Pair Corr
0.73	CTDD	Qwest Corp 6	Pair Corr
0.78	FINN	First National	Pair Corr
0.77	PKX	POSCO Holdings	Pair Corr
0.77	SKM	SK Telecom	Pair Corr
0.76	TDY	Teledyne Technologies	Pair Corr
0.67	ALFVF	Alfa Laval AB	Pair Corr
0.74	ASC	Ardmore Shpng	Pair Corr
0.78	OXY	Occidental Petroleum Aggressive Push	Pair Corr
0.72	SGLFF	SGL Carbon SE	Pair Corr
0.7	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.65	BCO	Brinks Company	Pair Corr
0.77	UAA	Under Armour A	Pair Corr

Related Correlations Analysis

	OBYCF	SKBSY	EFGSY	SKSBF	STBBF	SNCAF	ACXIF	EFGSF	MLLUY	ZLIOF
OBYCF		0.75	0.88	0.76	0.84	0.7	0.65	0.59	-0.73	0.33	OBYCF
SKBSY	0.75		0.67	0.95	0.84	0.84	0.66	0.83	-0.91	0.48	SKBSY
EFGSY	0.88	0.67		0.66	0.83	0.54	0.75	0.5	-0.59	0.38	EFGSY
SKSBF	0.76	0.95	0.66		0.85	0.81	0.6	0.77	-0.92	0.43	SKSBF
STBBF	0.84	0.84	0.83	0.85		0.71	0.74	0.7	-0.69	0.38	STBBF
SNCAF	0.7	0.84	0.54	0.81	0.71		0.4	0.73	-0.76	0.13	SNCAF
ACXIF	0.65	0.66	0.75	0.6	0.74	0.4		0.63	-0.52	0.51	ACXIF
EFGSF	0.59	0.83	0.5	0.77	0.7	0.73	0.63		-0.72	0.4	EFGSF
MLLUY	-0.73	-0.91	-0.59	-0.92	-0.69	-0.76	-0.52	-0.72		-0.47	MLLUY
ZLIOF	0.33	0.48	0.38	0.43	0.38	0.13	0.51	0.4	-0.47		ZLIOF
	OBYCF	SKBSY	EFGSY	SKSBF	STBBF	SNCAF	ACXIF	EFGSF	MLLUY	ZLIOF

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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

SKSBF	+ 0.95	SKBSY
EFGSY	+ 0.88	OBYCF
STBBF	+ 0.85	SKSBF
STBBF	+ 0.84	OBYCF
STBBF	+ 0.84	SKBSY
SNCAF	+ 0.84	SKBSY

High negative correlations

MLLUY	- 0.92	SKSBF
MLLUY	- 0.91	SKBSY
MLLUY	- 0.76	SNCAF
MLLUY	- 0.73	OBYCF
MLLUY	- 0.72	EFGSF
MLLUY	- 0.69	STBBF

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
OBYCF	1.79	0.46	0.16	0.68	1.54	(2.52)	4.11	(3.51)	14.87
SKBSY	1.18	0.27	0.18	0.67	1.05	(1.38)	3.13	(1.86)	7.45
EFGSY	1.59	0.44	0.15	1.06	1.76	(1.90)	3.65	(2.45)	13.40
SKSBF	0.94	0.23	0.07	1.46	0.78	(2.48)	2.61	(2.29)	12.69
STBBF	1.13	0.60	0.00	(3.24)	0.00	0.00	0.80	0.00	20.01
SNCAF	1.72	0.17	0.06	0.26	2.41	(1.92)	3.91	(3.18)	18.63
ACXIF	1.63	0.59	0.12	(1.06)	1.41	(3.09)	6.47	(2.99)	13.27
EFGSF	0.26	0.11	0.00	1.86	0.00	0.00	0.00	0.00	8.47
MLLUY	0.67	(0.31)	0.00	1.44	0.00	0.00	0.00	(0.19)	19.85
ZLIOF	3.52	0.96	0.00	(0.40)	0.00	0.00	6.67	0.00	66.00

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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