Azbil Correlations

YMATFDelisted Stock

USD 8.95 0.00 0.00%

The correlation of Azbil 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.

Azbil Correlation With Market

Good diversification

The correlation between Azbil and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Azbil and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Azbil Pink Sheet

0.38	DAIUF	Daifuku Co	Pair Corr
0.36	ITW	Illinois Tool Works	Pair Corr
0.35	PH	Parker Hannifin	Pair Corr
0.34	ETN	Eaton PLC	Pair Corr
0.32	GEV	GE Vernova LLC	Pair Corr
0.5	ACNE	Alice Consolidated Mines	Pair Corr
0.42	OTSKY	Otsuka Holdings	Pair Corr
0.39	CENT	Central Garden Pet	Pair Corr
0.38	JOE	St Joe Company	Pair Corr
0.37	UAA	Under Armour A	Pair Corr
0.32	XYIGY	Xinyi Glass Holdings	Pair Corr
0.32	MSGE	Madison Square Garden	Pair Corr
0.45	AEMMY	A2A SpA ADR	Pair Corr
0.43	EFSC	Enterprise Financial	Pair Corr
0.37	GFR	Greenfire Resources	Pair Corr
0.35	JNJ	Johnson Johnson	Pair Corr
0.34	RHHVF	Roche Holding AG	Pair Corr
0.33	BLE	BlackRock MIT II	Pair Corr

Related Correlations Analysis

	YOKEF	VWSYF	WTS	XYL	YOKEY	NJDCY	BBRW	SIEGY	ETN	KNYJY
YOKEF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	YOKEF
VWSYF	0.0		0.01	0.37	0.1	0.04	0.0	0.59	-0.24	0.48	VWSYF
WTS	0.0	0.01		-0.67	0.64	0.74	0.0	0.68	0.83	0.71	WTS
XYL	0.0	0.37	-0.67		-0.41	-0.5	0.0	-0.23	-0.69	-0.33	XYL
YOKEY	0.0	0.1	0.64	-0.41		0.49	0.0	0.46	0.48	0.68	YOKEY
NJDCY	0.0	0.04	0.74	-0.5	0.49		0.0	0.57	0.64	0.53	NJDCY
BBRW	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	BBRW
SIEGY	0.0	0.59	0.68	-0.23	0.46	0.57	0.0		0.44	0.7	SIEGY
ETN	0.0	-0.24	0.83	-0.69	0.48	0.64	0.0	0.44		0.36	ETN
KNYJY	0.0	0.48	0.71	-0.33	0.68	0.53	0.0	0.7	0.36		KNYJY
	YOKEF	VWSYF	WTS	XYL	YOKEY	NJDCY	BBRW	SIEGY	ETN	KNYJY

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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

ETN	+ 0.83	WTS
NJDCY	+ 0.74	WTS
KNYJY	+ 0.71	WTS
KNYJY	+ 0.7	SIEGY
SIEGY	+ 0.68	WTS
KNYJY	+ 0.68	YOKEY

High negative correlations

ETN	- 0.69	XYL
XYL	- 0.67	WTS
NJDCY	- 0.5	XYL
YOKEY	- 0.41	XYL
KNYJY	- 0.33	XYL
ETN	- 0.24	VWSYF

Risk-Adjusted Indicators

There is a big difference between Azbil Pink Sheet performing well and Azbil 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 Azbil'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
YOKEF	13.53	7.02	0.00	(8.53)	0.00	0.00	31.90	(13.13)	22.23
VWSYF	1.99	0.13	0.05	0.21	2.40	(2.25)	5.73	(3.09)	18.20
WTS	1.07	0.23	0.21	0.36	0.69	(1.34)	2.85	(1.43)	9.09
XYL	1.13	(0.20)	0.00	(0.10)	0.00	0.00	2.07	(2.11)	11.41
YOKEY	1.43	0.50	0.09	(1.59)	1.23	(3.81)	6.17	(2.87)	14.52
NJDCY	5.15	0.58	0.04	(0.15)	7.07	(6.05)	15.76	(16.92)	44.10
BBRW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SIEGY	1.34	0.19	0.07	0.33	2.00	(1.33)	2.85	(2.35)	9.64
ETN	1.44	0.10	0.06	0.16	1.74	(1.52)	3.42	(3.03)	8.67
KNYJY	0.92	0.20	0.07	(2.60)	1.33	(0.92)	1.83	(1.81)	7.14

View Azbil Related Equities

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Risk & Return

Correlation

Azbil Corporate Management

Masato Iwasaki	Hd Officer	Profile
Takahiro Sakamoto	Exec Headquarters	Profile
Hirozumi Sone	Ex Chairperson	Profile
Yoshifumi Suzuki	GM Officer	Profile
Akiko Sekino	Exec Department	Profile
Kazuyasu Hamada	Pres Officer	Profile
Kiyohiro Yamamoto	Pres Director	Profile

Still Interested in Azbil?

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