Unicharm Correlations

UNCHF Stock

USD 5.50 0.25 4.35%

The current 90-days correlation between Unicharm and Bunzl plc is -0.03 (i.e., Good diversification). The correlation of Unicharm 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.

Unicharm Correlation With Market

Modest diversification

The correlation between Unicharm and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unicharm and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Unicharm Pink Sheet

0.69	PG	Procter Gamble	Pair Corr
0.69	HPQ	HP Inc	Pair Corr
0.77	HD	Home Depot	Pair Corr

Moving against Unicharm Pink Sheet

0.8	JNJ	Johnson Johnson	Pair Corr
0.79	FTV	Fortive Corp	Pair Corr
0.78	AA	Alcoa Corp	Pair Corr
0.69	DD	Dupont De Nemours	Pair Corr
0.69	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.68	BAC	Bank of America	Pair Corr
0.66	CAT	Caterpillar	Pair Corr
0.65	RBGLY	Reckitt Benckiser	Pair Corr
0.64	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.61	EL	Estee Lauder Companies	Pair Corr
0.6	AXP	American Express	Pair Corr
0.53	MCD	McDonalds	Pair Corr
0.52	KO	Coca Cola	Pair Corr
0.5	UNLYF	Unilever PLC	Pair Corr
0.5	RBGPF	Reckitt Benckiser	Pair Corr
0.48	JPM	JPMorgan Chase	Pair Corr

Related Correlations Analysis

	ORKLY	JSAIY	BZLFF	ORKLF	MNHVF	CRRFY	CRERF	CRHKF	JSNSF	CRHKY
ORKLY		0.3	-0.56	-0.21	0.76	0.87	0.79	0.69	-0.02	-0.2	ORKLY
JSAIY	0.3		0.22	0.09	0.33	0.41	0.38	-0.2	0.52	-0.21	JSAIY
BZLFF	-0.56	0.22		0.74	-0.64	-0.5	-0.5	-0.72	0.36	-0.11	BZLFF
ORKLF	-0.21	0.09	0.74		-0.35	-0.12	-0.33	-0.26	0.28	-0.23	ORKLF
MNHVF	0.76	0.33	-0.64	-0.35		0.81	0.77	0.56	0.04	-0.06	MNHVF
CRRFY	0.87	0.41	-0.5	-0.12	0.81		0.8	0.57	0.19	-0.28	CRRFY
CRERF	0.79	0.38	-0.5	-0.33	0.77	0.8		0.41	0.17	-0.29	CRERF
CRHKF	0.69	-0.2	-0.72	-0.26	0.56	0.57	0.41		-0.25	-0.1	CRHKF
JSNSF	-0.02	0.52	0.36	0.28	0.04	0.19	0.17	-0.25		-0.02	JSNSF
CRHKY	-0.2	-0.21	-0.11	-0.23	-0.06	-0.28	-0.29	-0.1	-0.02		CRHKY
	ORKLY	JSAIY	BZLFF	ORKLF	MNHVF	CRRFY	CRERF	CRHKF	JSNSF	CRHKY

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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

CRRFY	+ 0.87	ORKLY
CRRFY	+ 0.81	MNHVF
CRERF	+ 0.8	CRRFY
CRERF	+ 0.79	ORKLY
CRERF	+ 0.77	MNHVF
MNHVF	+ 0.76	ORKLY

High negative correlations

CRHKF	- 0.72	BZLFF
MNHVF	- 0.64	BZLFF
BZLFF	- 0.56	ORKLY
CRERF	- 0.5	BZLFF
CRRFY	- 0.5	BZLFF
MNHVF	- 0.35	ORKLF

Risk-Adjusted Indicators

There is a big difference between Unicharm Pink Sheet performing well and Unicharm 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 Unicharm'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
ORKLY	0.93	0.07	0.03	0.24	0.99	(1.12)	2.09	(1.88)	7.59
JSAIY	0.97	0.03	(0.01)	0.17	1.22	(0.95)	2.01	(1.88)	8.49
BZLFF	0.77	(0.31)	0.00	2.35	0.00	0.00	0.00	(3.06)	11.20
ORKLF	0.24	(0.09)	0.00	13.80	0.00	0.00	0.00	(0.77)	4.55
MNHVF	0.67	0.18	0.00	(5.70)	0.00	0.00	3.46	(0.73)	8.08
CRRFY	0.87	0.13	0.08	0.30	0.87	(1.13)	1.69	(1.92)	4.98
CRERF	1.26	0.26	0.05	(1.02)	1.44	(3.44)	4.56	(3.44)	19.82
CRHKF	0.24	0.06	0.00	(0.27)	0.00	0.00	0.00	0.00	7.01
JSNSF	2.46	0.13	0.02	0.24	3.54	(4.69)	7.09	(7.11)	22.62
CRHKY	1.15	(0.06)	0.00	(0.10)	0.00	0.00	1.92	(2.61)	7.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Unicharm 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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Unicharm Corporate Management

Toshifumi Hikosaka	Executive Officer	Profile
Kenji Takaku	Executive Officer	Profile
Seiichi Motoi	Executive Officer	Profile
Yukihiro Kimura	Executive Officer	Profile

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