SECOM Correlations

XSC Stock

EUR 31.20 1.00 3.11%

The current 90-days correlation between SECOM LTD and ABB PAR AB is 0.25 (i.e., Modest diversification). The correlation of SECOM 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.

SECOM Correlation With Market

Average diversification

The correlation between SECOM LTD and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SECOM LTD and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	ALZ	ALZC	XSC	H11	60A	541	M07	S7MB	PTY
ALZ		0.25	0.52	0.07	0.63	0.3	0.41	-0.14	0.46	ALZ
ALZC	0.25		0.23	0.76	0.28	0.37	0.62	0.82	-0.43	ALZC
XSC	0.52	0.23		0.22	0.16	-0.14	0.24	0.04	0.25	XSC
H11	0.07	0.76	0.22		-0.13	0.29	0.29	0.8	-0.39	H11
60A	0.63	0.28	0.16	-0.13		0.45	0.75	-0.04	0.29	60A
541	0.3	0.37	-0.14	0.29	0.45		0.33	0.23	0.05	541
M07	0.41	0.62	0.24	0.29	0.75	0.33		0.46	-0.12	M07
S7MB	-0.14	0.82	0.04	0.8	-0.04	0.23	0.46		-0.69	S7MB
PTY	0.46	-0.43	0.25	-0.39	0.29	0.05	-0.12	-0.69		PTY
	ALZ	ALZC	XSC	H11	60A	541	M07	S7MB	PTY

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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

S7MB	+ 0.82	ALZC
S7MB	+ 0.8	H11
H11	+ 0.76	ALZC
M07	+ 0.75	60A
60A	+ 0.63	ALZ
M07	+ 0.62	ALZC

High negative correlations

PTY	- 0.69	S7MB
PTY	- 0.43	ALZC
PTY	- 0.39	H11
541	- 0.14	XSC
S7MB	- 0.14	ALZ
60A	- 0.13	H11

Risk-Adjusted Indicators

There is a big difference between SECOM Stock performing well and SECOM 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 SECOM'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
ALZ	1.04	0.00	(0.03)	0.07	1.40	(1.25)	1.68	(2.82)	6.84
ALZC	1.15	0.16	0.08	1.14	1.20	(1.33)	2.36	(2.25)	11.57
XSC	1.00	(0.02)	(0.04)	(0.01)	1.32	(1.19)	1.92	(2.44)	6.72
H11	1.55	0.30	0.16	0.62	1.31	(1.98)	4.23	(2.90)	12.25
60A	1.13	(0.06)	0.00	(5.55)	0.00	0.00	2.40	(2.33)	6.23
541	1.06	0.03	(0.01)	0.29	1.32	(1.45)	2.19	(2.09)	7.34
M07	1.19	0.07	0.00	(4.31)	1.28	(1.64)	2.41	(2.55)	10.22
S7MB	1.52	0.43	0.28	4.09	0.92	(2.08)	2.62	(1.92)	20.63
PTY	1.37	(0.03)	0.00	(0.12)	0.00	0.00	2.73	(3.19)	10.11

Be your own money manager

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

Elected by the shareholders, the SECOM's board of directors comprises two types of representatives: SECOM inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SECOM. The board's role is to monitor SECOM's management team and ensure that shareholders' interests are well served. SECOM'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, SECOM's outside directors are responsible for providing unbiased perspectives on the board's policies.

Tatsuya Izumida	Ex Director	Profile
Yoichi Sugimoto	Managing Officer	Profile
Yasuyuki Yoshida	MD Director	Profile
Sumiyuki Fukumitsu	Managing Officer	Profile
Kenichi Furukawa	Managing Officer	Profile
Kensuke Shindo	Exec Division	Profile
Ichiro Ozeki	Pres Director	Profile

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