YASKAWA ELEC Correlations
| YEC0 Stock | EUR 49.00 0.40 0.82% |
The current 90-days correlation between YASKAWA ELEC UNSP and Performance Food Group is 0.14 (i.e., Average diversification). The correlation of YASKAWA ELEC 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.
YASKAWA ELEC Correlation With Market
Average diversification
The correlation between YASKAWA ELEC UNSP and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YASKAWA ELEC UNSP and DJI in the same portfolio, assuming nothing else is changed.
YASKAWA |
The ability to find closely correlated positions to YASKAWA ELEC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace YASKAWA ELEC 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 YASKAWA ELEC - 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 YASKAWA ELEC UNSP to buy it.
Moving together with YASKAWA Stock
| 0.65 | 703 | Alfen NV | PairCorr |
| 0.62 | OIX | ORIX | PairCorr |
| 0.66 | OIXA | Orix Corp Ads | PairCorr |
| 0.75 | SUMB | SUMITOMO P SP | PairCorr |
Moving against YASKAWA Stock
| 0.76 | NVAW | Delta Electronics Public | PairCorr |
| 0.72 | OSR | OSRAM LICHT N | PairCorr |
| 0.66 | 49V | VERTIV HOLCL A | PairCorr |
| 0.66 | UN3 | United Natural Foods | PairCorr |
| 0.63 | FHL | Federal Home Loan | PairCorr |
| 0.61 | KBIA | KB Financial Group | PairCorr |
| 0.6 | EK7 | AGRICUL BK CHINA | PairCorr |
| 0.55 | APC | Apple Inc | PairCorr |
| 0.46 | VAR1 | Varta AG | PairCorr |
| 0.43 | SID | State Bank | PairCorr |
| 0.4 | 1ZB | Bloom Energy | PairCorr |
| 0.34 | W8V | Bank of China Limited | PairCorr |
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between YASKAWA Stock performing well and YASKAWA ELEC 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 YASKAWA ELEC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BW8 | 0.70 | 0.01 | 0.00 | 0.09 | 0.00 | 1.94 | 3.92 | |||
| P5F | 1.09 | 0.24 | 0.19 | 0.37 | 0.71 | 3.33 | 6.59 | |||
| M7O | 1.91 | 0.16 | 0.00 | (1.18) | 2.45 | 4.26 | 20.72 | |||
| DFA1 | 2.61 | 0.64 | 0.12 | (1.90) | 3.12 | 6.56 | 25.44 | |||
| TF7A | 1.16 | 0.07 | 0.00 | 0.29 | 1.32 | 2.40 | 9.02 | |||
| JJ1 | 0.62 | 0.00 | (0.06) | 0.12 | 0.68 | 1.33 | 5.69 | |||
| 0Q3 | 2.89 | (0.46) | 0.00 | (0.34) | 0.00 | 4.85 | 20.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in YASKAWA ELEC 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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