Sojitz Correlations

XEB Stock

EUR 38.00 1.40 3.83%

The current 90-days correlation between Sojitz and BK NEGARA INDO is -0.04 (i.e., Good diversification). The correlation of Sojitz 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.

Sojitz Correlation With Market

Poor diversification

The correlation between Sojitz and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sojitz and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sojitz Stock

0.67	CI9	CITIC SECURITIES-H-	Pair Corr
0.74	4OQ1	AGNC Investment Corp	Pair Corr
0.84	V1L	Valero Energy	Pair Corr
0.83	W25	West African Resources Earnings Call This Week	Pair Corr
0.78	L3XC	Centrais Elétricas	Pair Corr
0.8	TEX	Castellum AB	Pair Corr
0.72	CW2	Consolidated Water	Pair Corr
0.75	D2G	Orsted AS	Pair Corr
0.77	TGR	YUM BRANDS	Pair Corr
0.86	TEQ	Telenor ASA	Pair Corr
0.88	TOTB	TotalEnergies SE	Pair Corr
0.96	TQI	TELECOM ITALIA	Pair Corr
0.71	BRE	Banco Bradesco SA	Pair Corr
0.89	KOM1	KOMATSU	Pair Corr
0.76	DYF1	Dynavax Technologies	Pair Corr
0.87	HSY	Hershey	Pair Corr
0.9	ODF	Old Dominion Freight	Pair Corr
0.74	EMD	ENM Holdings Limited	Pair Corr
0.8	RE3	Richardson Electronics	Pair Corr
0.72	32GA	Thunderbird Entertainment	Pair Corr
0.88	1WT	WisdomTree Investments	Pair Corr
0.62	CVC1	Carnival plc	Pair Corr
0.66	RBG	ROTTNEROS	Pair Corr
0.85	P7T	PT Bank Pembangunan	Pair Corr
0.84	GWW	WW Grainger	Pair Corr
0.68	SK3	Smurfit Kappa Group	Pair Corr
0.71	FUCA	FANUC PUNSPADR 110	Pair Corr
0.84	IMP	IMPERIAL OIL	Pair Corr
0.75	WNI	WHITE MTNS INS	Pair Corr
0.92	LTT	Lattice Semiconductor	Pair Corr
0.75	SQUA	VINCI SA EO	Pair Corr
0.8	KIN2	Kinross Gold	Pair Corr

Moving against Sojitz Stock

0.77	DBPD	Xtrackers ShortDAX	Pair Corr
0.5	06L	PT Global Mediacom	Pair Corr

Related Correlations Analysis

	PQ9	PQ9	PQ9	PQ9	BKE1	BKE1	BKE1	SSUN	SSU	SSUN
PQ9		0.3	0.27	0.41	0.07	-0.14	-0.02	0.18	0.13	0.19	PQ9
PQ9	0.3		0.39	0.22	0.28	0.21	0.1	0.26	0.28	0.31	PQ9
PQ9	0.27	0.39		0.55	0.68	0.34	0.5	0.83	0.83	0.84	PQ9
PQ9	0.41	0.22	0.55		0.45	0.23	0.4	0.5	0.48	0.52	PQ9
BKE1	0.07	0.28	0.68	0.45		0.38	0.4	0.82	0.83	0.82	BKE1
BKE1	-0.14	0.21	0.34	0.23	0.38		0.42	0.31	0.3	0.29	BKE1
BKE1	-0.02	0.1	0.5	0.4	0.4	0.42		0.54	0.54	0.54	BKE1
SSUN	0.18	0.26	0.83	0.5	0.82	0.31	0.54		1.0	0.98	SSUN
SSU	0.13	0.28	0.83	0.48	0.83	0.3	0.54	1.0		0.99	SSU
SSUN	0.19	0.31	0.84	0.52	0.82	0.29	0.54	0.98	0.99		SSUN
	PQ9	PQ9	PQ9	PQ9	BKE1	BKE1	BKE1	SSUN	SSU	SSUN

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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

SSU	+ 1.0	SSUN
SSUN	+ 0.99	SSU
SSUN	+ 0.98	SSUN
SSUN	+ 0.84	PQ9
SSUN	+ 0.83	PQ9
SSU	+ 0.83	PQ9

High negative correlations

BKE1	- 0.14	PQ9
BKE1	- 0.02	PQ9

Risk-Adjusted Indicators

There is a big difference between Sojitz Stock performing well and Sojitz 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 Sojitz'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
PQ9	0.98	0.13	0.00	0.47	0.00	0.00	4.17	0.00	24.58
PQ9	5.57	0.16	0.03	0.13	6.29	(11.22)	18.18	(14.29)	40.26
PQ9	2.70	0.39	0.05	3.77	2.89	(5.98)	5.00	(4.76)	26.79
PQ9	0.28	(0.03)	0.00	(0.01)	0.00	0.00	0.00	0.00	8.89
BKE1	1.14	0.25	0.00	(2.86)	0.00	0.00	0.00	0.00	29.17
BKE1	2.95	0.17	0.00	(0.12)	4.04	(9.86)	5.00	(4.76)	41.00
BKE1	0.59	(0.01)	0.00	0.02	0.00	0.00	4.76	(4.55)	9.76
SSUN	2.63	1.11	0.36	1.65	2.17	(3.05)	7.14	(4.93)	14.94
SSU	2.79	1.25	0.45	2.96	1.99	(3.56)	7.66	(4.44)	15.03
SSUN	2.53	1.08	0.29	(1.90)	2.34	(2.98)	6.10	(4.11)	13.83

Be your own money manager

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

Elected by the shareholders, the Sojitz's board of directors comprises two types of representatives: Sojitz inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sojitz. The board's role is to monitor Sojitz's management team and ensure that shareholders' interests are well served. Sojitz's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sojitz's outside directors are responsible for providing unbiased perspectives on the board's policies.

Satoru Takahama	Managing Officer	Profile
Toshiaki Kasai	Representative Officer	Profile
Mizue Nakazawa	Director Accounting	Profile
Takahiro Matsunaga	Head Officer	Profile
Koichi Yamaguchi	Managing Americas	Profile

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