Tokyu Correlations

TOKUF Stock

USD 12.17 0.00 0.00%

The correlation of Tokyu 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.

Tokyu Correlation With Market

Poor diversification

The correlation between Tokyu and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tokyu and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tokyu Pink Sheet

0.81	ELPQF	El Puerto De	Pair Corr
0.72	SRGHY	Shoprite Holdings	Pair Corr
0.65	PBMRF	PT Bumi Resources	Pair Corr
0.7	PAZRF	Plaza Retail REIT	Pair Corr
0.84	MDALF	MDA	Pair Corr
0.78	F-PC	Ford Motor	Pair Corr
0.63	FTK	Flotek Industries	Pair Corr
0.73	CINGW	Cingulate Warrants	Pair Corr
0.79	BFS-PD	Saul Centers	Pair Corr
0.71	CWST	Casella Waste Systems	Pair Corr
0.84	RILY	B Riley Financial	Pair Corr
0.7	GNTX	Gentex	Pair Corr
0.76	LCCC	Lakeshore Acquisition III	Pair Corr
0.82	WFRD	Weatherford International	Pair Corr
0.83	UFPT	UFP Technologies	Pair Corr

Moving against Tokyu Pink Sheet

0.69	SVTMF	SM Investments	Pair Corr
0.64	AONNY	Aeon Co	Pair Corr
0.55	PBCRF	PT Bank Central	Pair Corr
0.44	MBOT	Microbot Medical	Pair Corr

Related Correlations Analysis

	IMHDF	MCHVF	BSDGY	TNGCF	CDNAF	BSDGF	SRHGF	WTBDY	WTBCF	SMFRF
IMHDF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	IMHDF
MCHVF	0.0		0.82	0.0	-0.69	0.53	0.0	-0.63	0.79	0.0	MCHVF
BSDGY	0.0	0.82		0.0	-0.4	0.38	0.0	-0.62	0.56	0.0	BSDGY
TNGCF	0.0	0.0	0.0		0.0	0.0	1.0	0.0	0.0	0.0	TNGCF
CDNAF	0.0	-0.69	-0.4	0.0		-0.46	0.0	0.25	-0.71	0.0	CDNAF
BSDGF	0.0	0.53	0.38	0.0	-0.46		0.0	0.01	0.67	0.0	BSDGF
SRHGF	0.0	0.0	0.0	1.0	0.0	0.0		0.0	0.0	0.0	SRHGF
WTBDY	0.0	-0.63	-0.62	0.0	0.25	0.01	0.0		-0.13	0.0	WTBDY
WTBCF	0.0	0.79	0.56	0.0	-0.71	0.67	0.0	-0.13		0.0	WTBCF
SMFRF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SMFRF
	IMHDF	MCHVF	BSDGY	TNGCF	CDNAF	BSDGF	SRHGF	WTBDY	WTBCF	SMFRF

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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

SRHGF	+ 1.0	TNGCF
BSDGY	+ 0.82	MCHVF
WTBCF	+ 0.79	MCHVF
WTBCF	+ 0.67	BSDGF
WTBCF	+ 0.56	BSDGY
BSDGF	+ 0.53	MCHVF

High negative correlations

WTBCF	- 0.71	CDNAF
CDNAF	- 0.69	MCHVF
WTBDY	- 0.63	MCHVF
WTBDY	- 0.62	BSDGY
BSDGF	- 0.46	CDNAF
CDNAF	- 0.4	BSDGY

Risk-Adjusted Indicators

There is a big difference between Tokyu Pink Sheet performing well and Tokyu 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 Tokyu'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
IMHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MCHVF	0.99	(0.32)	0.00	0.96	0.00	0.00	0.00	(2.38)	21.41
BSDGY	0.99	(0.03)	0.00	0.03	0.00	0.00	1.22	(4.57)	17.99
TNGCF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDNAF	1.66	0.18	0.04	0.44	3.07	(1.86)	2.75	(1.69)	29.05
BSDGF	3.08	0.11	0.01	(0.47)	3.40	(4.01)	7.27	(6.25)	15.66
SRHGF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WTBDY	1.52	(0.04)	0.00	(0.04)	0.00	0.00	3.21	(2.96)	16.08
WTBCF	0.34	(0.13)	0.00	1.02	0.00	0.00	0.00	0.00	6.00
SMFRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

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