Taiyo Yuden Correlations
| TYOYFDelisted Stock | USD 31.95 0.00 0.00% |
The current 90-days correlation between Taiyo Yuden and Patterson UTI Energy is 0.15 (i.e., Average diversification). The correlation of Taiyo Yuden 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.
Taiyo Yuden Correlation With Market
Good diversification
The correlation between Taiyo Yuden and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiyo Yuden and DJI in the same portfolio, assuming nothing else is changed.
Taiyo |
The ability to find closely correlated positions to Taiyo Yuden could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Taiyo Yuden 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 Taiyo Yuden - 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 Taiyo Yuden to buy it.
Moving together with Taiyo Pink Sheet
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| 0.62 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.62 | GOOG | Alphabet Class C | PairCorr |
| 0.89 | META | Meta Platforms | PairCorr |
| 0.69 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.67 | HPQ | HP Inc | PairCorr |
| 0.83 | HD | Home Depot Sell-off Trend | PairCorr |
| 0.67 | T | ATT Inc Aggressive Push | PairCorr |
| 0.69 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.87 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Taiyo Pink Sheet
| 0.84 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
| 0.62 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.55 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
| 0.7 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.56 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.46 | KO | Coca Cola Sell-off Trend | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Taiyo Pink Sheet performing well and Taiyo Yuden 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 Taiyo Yuden'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTEN | 2.19 | (0.29) | 0.00 | (0.05) | 0.00 | 3.53 | 14.10 | |||
| WRN | 1.82 | (0.10) | (0.04) | 0.00 | 2.57 | 3.51 | 20.61 | |||
| CPAC | 1.22 | 0.13 | (0.03) | (0.07) | 2.16 | 2.85 | 14.21 | |||
| EGO | 1.92 | (0.18) | 0.00 | (0.55) | 0.00 | 3.39 | 12.12 | |||
| AVNT | 1.40 | (0.10) | (0.01) | 0.06 | 1.54 | 2.92 | 7.68 | |||
| SUM | 1.65 | 0.25 | 0.15 | 0.28 | 1.66 | 4.18 | 9.88 | |||
| SCL | 1.23 | (0.21) | 0.00 | (0.01) | 0.00 | 2.04 | 12.16 | |||
| KALU | 1.68 | (0.08) | 0.02 | 0.08 | 2.04 | 2.71 | 14.56 |
Taiyo Yuden Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Taiyo Yuden pink sheet to make a market-neutral strategy. Peer analysis of Taiyo Yuden could also be used in its relative valuation, which is a method of valuing Taiyo Yuden by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Taiyo Yuden?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.