Taiyo Yuden Correlations
| TYOYY Stock | USD 57.24 1.11 1.90% |
The current 90-days correlation between Taiyo Yuden and TTM Technologies is -0.13 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Taiyo Yuden Correlation With Market
Significant diversification
The correlation between Taiyo Yuden Co and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taiyo Yuden Co and DJI in the same portfolio, assuming nothing else is changed.
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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 Co to buy it.
Moving together with Taiyo Pink Sheet
Moving against Taiyo Pink Sheet
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Related Correlations Analysis
| 0.76 | -0.45 | 0.28 | -0.35 | LYTS | ||
| 0.76 | -0.52 | 0.55 | -0.5 | TTMI | ||
| -0.45 | -0.52 | -0.02 | 0.14 | HOLO | ||
| 0.28 | 0.55 | -0.02 | -0.67 | KULR | ||
| -0.35 | -0.5 | 0.14 | -0.67 | BELFA | ||
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LYTS | 2.03 | 0.42 | 0.18 | 0.34 | 2.21 | 5.36 | 12.54 | |||
| TTMI | 1.60 | 0.35 | 0.15 | 0.57 | 1.77 | 3.57 | 18.67 | |||
| HOLO | 10.47 | 0.34 | 0.00 | (0.01) | 9.63 | 17.65 | 196.88 | |||
| KULR | 11.14 | 4.32 | 0.46 | 3.05 | 7.35 | 40.35 | 93.54 | |||
| BELFA | 1.59 | (0.28) | 0.00 | (0.69) | 0.00 | 3.53 | 13.08 |
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Our tools can tell you how much better you can do entering a position in Taiyo Yuden 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.Did you try this?
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Taiyo Yuden Corporate Management
| Tomomitsu Fukuda | Executive Officer | Profile | |
| Mitsuo Takagi | Executive Officer | Profile | |
| Hirokazu Chazono | Sr. Operating Officer | Profile | |
| Osamu Ikata | Executive Officer | Profile | |
| Koshi Anai | Gen Department | Profile | |
| Katsuya Sase | Executive Officer | Profile |