AOYAMA TRADING Correlations

9B7 Stock

EUR 14.10 0.10 0.71%

The current 90-days correlation between AOYAMA TRADING and Brockhaus Capital Management is 0.13 (i.e., Average diversification). The correlation of AOYAMA TRADING 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.

AOYAMA TRADING Correlation With Market

Good diversification

The correlation between AOYAMA TRADING and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AOYAMA TRADING and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with AOYAMA Stock

0.74	GN8	Genesco	Pair Corr
0.7	SYJ	Stitch Fix Earnings Call Tomorrow	Pair Corr
0.75	6RK	CCC SA	Pair Corr
0.82	6GAA	Grupo Aval Acciones	Pair Corr
0.8	6GAA	Grupo Aval Acciones	Pair Corr
0.78	MFZA	Mitsubishi UFJ Financial	Pair Corr

Moving against AOYAMA Stock

0.45	D9W	Designer Brands Earnings Call Tomorrow	Pair Corr
0.44	HYU	Hyundai Motor	Pair Corr
0.44	HYU	Hyundai Motor	Pair Corr
0.42	HYU	Hyundai Motor	Pair Corr

Related Correlations Analysis

	TMD0	BKHT	6B0	CLH	UT8	TG9	RC2
TMD0		-0.12	0.11	0.23	-0.38	-0.02	-0.07	TMD0
BKHT	-0.12		-0.85	-0.8	0.1	-0.08	-0.76	BKHT
6B0	0.11	-0.85		0.92	0.16	0.12	0.87	6B0
CLH	0.23	-0.8	0.92		0.01	0.0	0.82	CLH
UT8	-0.38	0.1	0.16	0.01		0.42	0.31	UT8
TG9	-0.02	-0.08	0.12	0.0	0.42		0.03	TG9
RC2	-0.07	-0.76	0.87	0.82	0.31	0.03		RC2
	TMD0	BKHT	6B0	CLH	UT8	TG9	RC2

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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

CLH	+ 0.92	6B0
RC2	+ 0.87	6B0
RC2	+ 0.82	CLH
TG9	+ 0.42	UT8
RC2	+ 0.31	UT8
CLH	+ 0.23	TMD0

High negative correlations

6B0	- 0.85	BKHT
CLH	- 0.8	BKHT
RC2	- 0.76	BKHT
UT8	- 0.38	TMD0
BKHT	- 0.12	TMD0
TG9	- 0.08	BKHT

Risk-Adjusted Indicators

There is a big difference between AOYAMA Stock performing well and AOYAMA TRADING 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 AOYAMA TRADING'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
TMD0	1.92	(0.01)	0.00	0.29	0.00	0.00	5.36	(3.70)	12.60
BKHT	1.48	(0.40)	0.00	(3.78)	0.00	0.00	2.81	(5.16)	12.53
6B0	2.63	1.16	0.42	2.26	2.05	(3.44)	7.07	(3.08)	24.30
CLH	1.22	0.19	0.06	0.98	1.21	(1.51)	3.25	(2.17)	12.11
UT8	1.61	0.06	(0.01)	0.41	2.74	(1.57)	3.20	(2.66)	20.49
TG9	1.61	0.04	(0.03)	0.64	1.93	(2.02)	3.37	(3.28)	11.50
RC2	1.83	0.20	0.06	0.42	2.11	(2.47)	4.81	(4.59)	15.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in AOYAMA TRADING 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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