Ajinomoto Correlations

AJINY Stock

USD 42.14 0.21 0.50%

The current 90-days correlation between Ajinomoto Co ADR and BRF SA ADR is -0.26 (i.e., Very good diversification). The correlation of Ajinomoto 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ajinomoto Correlation With Market

Average diversification

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

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

Moving together with Ajinomoto Pink Sheet

0.68	K	Kellanova Sell-off Trend	Pair Corr
0.79	FUND	Sprott Focus Trust	Pair Corr
0.86	BBAI	BigBearai Holdings Upward Rally	Pair Corr
0.88	BFLY	Butterfly Network	Pair Corr
0.86	RUM	Rumble Inc	Pair Corr
0.88	ET	Energy Transfer LP	Pair Corr
0.83	IONQ	IONQ Inc Trending	Pair Corr
0.76	LUNR	Intuitive Machines Buyout Trend	Pair Corr
0.73	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.85	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.81	SOFI	SoFi Technologies Aggressive Push	Pair Corr
0.89	GLBE	Global E Online	Pair Corr
0.66	APLD	Applied Blockchain	Pair Corr
0.85	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.71	GOOG	Alphabet Class C Aggressive Push	Pair Corr

Moving against Ajinomoto Pink Sheet

0.84	NSRGF	Nestle SA	Pair Corr
0.8	PPERY	Bank Mandiri Persero	Pair Corr
0.77	GPDNF	Danone SA	Pair Corr
0.76	KHC	Kraft Heinz	Pair Corr
0.76	PPERF	Bank Mandiri Persero	Pair Corr
0.76	BKRKY	Bank Rakyat	Pair Corr
0.72	BMBOY	Grupo Bimbo SAB Downward Rally	Pair Corr
0.71	BKRKF	PT Bank Rakyat	Pair Corr
0.68	PBCRY	Bank Central Asia	Pair Corr
0.68	PBCRF	PT Bank Central	Pair Corr
0.63	GRBMF	Grupo Bimbo SAB	Pair Corr
0.63	TLK	Telkom Indonesia Tbk	Pair Corr
0.59	GIS	General Mills Earnings Call Tomorrow	Pair Corr
0.35	IQ	iQIYI Inc	Pair Corr
0.33	WETH	Wetouch Technology Common	Pair Corr

Related Correlations Analysis

	BRFS	PPC	JBSS	SENEA	BRID	CENTA	BRBR	CENT	LWAY	LFVN
BRFS		0.03	-0.01	0.42	0.7	0.6	0.24	0.6	-0.31	0.32	BRFS
PPC	0.03		-0.82	0.62	0.06	0.38	0.81	0.41	-0.15	0.77	PPC
JBSS	-0.01	-0.82		-0.49	0.09	-0.35	-0.69	-0.38	0.35	-0.54	JBSS
SENEA	0.42	0.62	-0.49		0.68	0.8	0.9	0.83	-0.32	0.81	SENEA
BRID	0.7	0.06	0.09	0.68		0.65	0.43	0.66	-0.21	0.49	BRID
CENTA	0.6	0.38	-0.35	0.8	0.65		0.66	1.0	-0.64	0.53	CENTA
BRBR	0.24	0.81	-0.69	0.9	0.43	0.66		0.71	-0.26	0.86	BRBR
CENT	0.6	0.41	-0.38	0.83	0.66	1.0	0.71		-0.62	0.57	CENT
LWAY	-0.31	-0.15	0.35	-0.32	-0.21	-0.64	-0.26	-0.62		-0.04	LWAY
LFVN	0.32	0.77	-0.54	0.81	0.49	0.53	0.86	0.57	-0.04		LFVN
	BRFS	PPC	JBSS	SENEA	BRID	CENTA	BRBR	CENT	LWAY	LFVN

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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

CENT	+ 1.0	CENTA
BRBR	+ 0.9	SENEA
LFVN	+ 0.86	BRBR
CENT	+ 0.83	SENEA
BRBR	+ 0.81	PPC
LFVN	+ 0.81	SENEA

High negative correlations

JBSS	- 0.82	PPC
BRBR	- 0.69	JBSS
LWAY	- 0.64	CENTA
LWAY	- 0.62	CENT
LFVN	- 0.54	JBSS
SENEA	- 0.49	JBSS

Risk-Adjusted Indicators

There is a big difference between Ajinomoto Pink Sheet performing well and Ajinomoto 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 Ajinomoto'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
BRFS	1.64	0.09	0.02	0.96	2.09	(1.70)	3.70	(3.36)	9.87
PPC	1.62	0.36	0.13	1.83	2.04	(1.80)	3.57	(3.42)	13.48
JBSS	1.12	(0.10)	0.00	(0.03)	0.00	0.00	1.97	(2.15)	12.01
SENEA	1.33	0.32	0.17	0.42	1.45	(1.52)	3.12	(2.32)	11.87
BRID	1.56	0.29	0.13	1.87	1.48	(1.85)	4.28	(2.70)	9.39
CENTA	1.42	0.11	0.07	0.16	1.37	(1.68)	3.05	(2.72)	6.82
BRBR	0.93	0.38	0.33	1.31	0.63	(1.11)	2.61	(1.63)	5.32
CENT	1.38	0.13	0.08	0.21	1.36	(1.66)	2.82	(2.33)	6.39
LWAY	1.91	0.15	0.05	0.37	2.28	(2.29)	4.86	(4.28)	31.34
LFVN	3.01	0.84	0.25	34.09	2.72	(3.58)	7.93	(4.66)	18.13

Be your own money manager

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

George Bompas	Gen AminoScience	Profile
Chiaki Nosaka	Executive Officer, Manager of Technology Development Center in Food Research Institute	Profile
Watanabe Yumiko	Associate IR	Profile
Taro Fujie	Executive Officer, Manager of Manila Business Office in Main Asean Unit	Profile

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