Yakult Honsha Correlations

YKH Stock

EUR 17.10 0.20 1.16%

The correlation of Yakult Honsha 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.

Yakult Honsha Correlation With Market

Average diversification

The correlation between Yakult Honsha CoLtd 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 Yakult Honsha CoLtd and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Yakult Stock

0.68	CFS5	Coca Cola FEMSA	Pair Corr
0.85	FV8	Fevertree Drinks Plc	Pair Corr
0.68	PQ9	PT Bank Mandiri	Pair Corr
0.68	PTI	Perusahaan Perseroan	Pair Corr

Moving against Yakult Stock

0.63	0OO	LASSONDE INDUSTINC	Pair Corr
0.54	B6S	Britvic plc Earnings Call This Week	Pair Corr
0.39	CC5	Coca Cola Consolidated	Pair Corr
0.34	CFH0	CHINA FOODS UNSPADR20	Pair Corr
0.71	108	Sumitomo Rubber Indu	Pair Corr
0.68	RHM	Rheinmetall AG	Pair Corr
0.67	LA3A	Laureate Education	Pair Corr
0.66	HBC2	HSBC Holdings plc	Pair Corr
0.66	TL0	Tesla Inc Earnings Call This Week	Pair Corr
0.63	HOU	CenterPoint Energy	Pair Corr
0.62	NH5	NH HOTEL GROUP	Pair Corr
0.61	9FM	COVIVIO HOTELS INH	Pair Corr
0.55	SXV	Xinhua Winshare Publ	Pair Corr
0.52	BAKA	Bankinter SA Earnings Call This Week	Pair Corr
0.51	ZIM	Zimmer Biomet Holdings	Pair Corr
0.49	2T9A	TRAINLINE PLC LS	Pair Corr
0.42	EDJ	CALTAGIRONE EDITORE	Pair Corr
0.42	NTO	Nintendo	Pair Corr
0.39	1XV	AXWAY SOFTWARE EO	Pair Corr
0.82	TP3	THRACE PLASTICS	Pair Corr
0.68	2WY	Wyndham Hotels Resorts	Pair Corr
0.62	XSFA	SENECA FOODS A	Pair Corr
0.61	51A	American Public Education	Pair Corr

Related Correlations Analysis

	CP2	ZSL	14N1	5UI	ZFI1	8N4	D1LN	1WT
CP2		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CP2
ZSL	0.0		0.93	0.56	0.71	0.49	0.75	0.38	ZSL
14N1	0.0	0.93		0.41	0.67	0.34	0.79	0.22	14N1
5UI	0.0	0.56	0.41		0.72	0.9	0.07	0.88	5UI
ZFI1	0.0	0.71	0.67	0.72		0.74	0.5	0.7	ZFI1
8N4	0.0	0.49	0.34	0.9	0.74		0.05	0.84	8N4
D1LN	0.0	0.75	0.79	0.07	0.5	0.05		-0.06	D1LN
1WT	0.0	0.38	0.22	0.88	0.7	0.84	-0.06		1WT
	CP2	ZSL	14N1	5UI	ZFI1	8N4	D1LN	1WT

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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

14N1	+ 0.93	ZSL
8N4	+ 0.9	5UI
1WT	+ 0.88	5UI
1WT	+ 0.84	8N4
D1LN	+ 0.79	14N1
D1LN	+ 0.75	ZSL

High negative correlations

1WT	- 0.06	D1LN
1WT	- 0.0	CP2
D1LN	- 0.0	CP2
8N4	- 0.0	CP2
ZFI1	- 0.0	CP2
5UI	- 0.0	CP2

Risk-Adjusted Indicators

There is a big difference between Yakult Stock performing well and Yakult Honsha 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 Yakult Honsha'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
CP2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ZSL	1.04	0.30	0.24	(0.82)	0.80	(1.20)	3.08	(1.86)	6.78
14N1	0.87	0.22	0.23	2.23	0.61	(1.09)	2.39	(1.57)	4.92
5UI	1.47	0.15	0.06	(5.25)	1.57	(2.10)	3.90	(3.09)	10.43
ZFI1	0.73	0.03	0.01	0.18	0.78	(1.25)	1.47	(1.43)	6.35
8N4	2.08	0.22	0.07	1.18	2.28	(2.77)	5.59	(4.37)	12.65
D1LN	2.23	0.62	0.30	(10.37)	1.46	(3.82)	4.83	(2.78)	23.82
1WT	2.11	0.10	0.02	(0.33)	2.74	(2.09)	5.41	(4.15)	14.93

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

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

Shuichi Watanabe	Executive Officer	Profile
Susumu Hirano	Managing Executive Officer, General Manager of Subsidiary, Director	Profile
Takao Goto	Executive Officer	Profile
Richard Hall	Director	Profile
Junichi Shimada	Executive Officer	Profile
Masanobu Minamino	Managing Executive Officer, Deputy Director of Central Research Institute	Profile

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