Taisei Correlations

TISCY Stock

USD 22.70 0.24 1.05%

The current 90-days correlation between Taisei and Obayashi is -0.06 (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. If the correlation is 0, the equities are not correlated; they are entirely random.

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

0.82	LTOUF	Larsen Toubro Limited	Pair Corr
0.73	TLK	Telkom Indonesia Tbk	Pair Corr
0.67	PTAIY	Astra International Tbk	Pair Corr
0.84	PPERY	Bank Mandiri Persero	Pair Corr
0.73	PPERF	Bank Mandiri Persero	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.66	KYOCF	Kyocera	Pair Corr
0.86	APGE	Apogee Therapeutics,	Pair Corr
0.87	GM	General Motors	Pair Corr
0.71	SHIP	Seanergy Maritime	Pair Corr
0.82	IDN	Intellicheck Mobilisa	Pair Corr
0.8	DNGFF	Dongfang ElectricLimited	Pair Corr
0.69	AAPL	Apple Inc	Pair Corr
0.68	EOLS	Evolus Inc	Pair Corr
0.88	HL	Hecla Mining	Pair Corr
0.7	NGENF	NervGen Pharma Corp	Pair Corr
0.74	KODK	Eastman Kodak	Pair Corr
0.84	HIRU	Hiru	Pair Corr

Moving against Taisei Pink Sheet

0.62	EME	EMCOR Group	Pair Corr
0.56	PTAIF	PT Astra International	Pair Corr
0.43	TATT	Tat Techno	Pair Corr

Related Correlations Analysis

	OBYCF	SKBSY	EFGSY	SKSBF	STBBF	SNCAF	ACXIF	EFGSF	MLLUY	ZLIOF
OBYCF		-0.26	0.79	-0.18	-0.46	-0.83	-0.07	-0.3	-0.71	0.74	OBYCF
SKBSY	-0.26		-0.07	0.82	0.41	0.43	0.52	-0.38	0.58	-0.11	SKBSY
EFGSY	0.79	-0.07		-0.04	-0.22	-0.58	-0.24	-0.18	-0.54	0.4	EFGSY
SKSBF	-0.18	0.82	-0.04		0.52	0.29	0.62	-0.35	0.44	-0.09	SKSBF
STBBF	-0.46	0.41	-0.22	0.52		0.68	0.24	0.42	0.39	-0.46	STBBF
SNCAF	-0.83	0.43	-0.58	0.29	0.68		0.08	0.36	0.73	-0.72	SNCAF
ACXIF	-0.07	0.52	-0.24	0.62	0.24	0.08		-0.36	0.17	0.25	ACXIF
EFGSF	-0.3	-0.38	-0.18	-0.35	0.42	0.36	-0.36		-0.04	-0.43	EFGSF
MLLUY	-0.71	0.58	-0.54	0.44	0.39	0.73	0.17	-0.04		-0.53	MLLUY
ZLIOF	0.74	-0.11	0.4	-0.09	-0.46	-0.72	0.25	-0.43	-0.53		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	+ 0.82	SKBSY
EFGSY	+ 0.79	OBYCF
ZLIOF	+ 0.74	OBYCF
MLLUY	+ 0.73	SNCAF
SNCAF	+ 0.68	STBBF
ACXIF	+ 0.62	SKSBF

High negative correlations

SNCAF	- 0.83	OBYCF
ZLIOF	- 0.72	SNCAF
MLLUY	- 0.71	OBYCF
SNCAF	- 0.58	EFGSY
MLLUY	- 0.54	EFGSY
ZLIOF	- 0.53	MLLUY

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	1.78	0.36	0.11	0.70	1.72	(2.94)	5.10	(4.16)	16.68
SKBSY	1.08	0.08	0.04	0.15	1.48	(1.15)	2.11	(2.11)	11.76
EFGSY	1.31	0.13	0.04	11.48	1.57	(1.41)	3.28	(2.71)	8.18
SKSBF	0.67	0.11	0.01	(0.81)	1.00	(2.10)	2.29	(1.28)	13.75
STBBF	0.88	(0.02)	0.00	0.08	0.00	0.00	0.00	(0.28)	20.10
SNCAF	1.70	(0.23)	0.00	(0.52)	0.00	0.00	3.37	(3.73)	8.13
ACXIF	1.01	0.14	0.02	0.77	1.96	(2.12)	3.55	(2.28)	18.59
EFGSF	0.22	(0.12)	0.00	4.87	0.00	0.00	0.00	0.00	7.41
MLLUY	0.51	0.04	0.00	2.54	0.00	0.00	0.00	0.00	24.23
ZLIOF	0.94	0.46	0.00	2.18	0.00	0.00	0.00	0.00	26.67

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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