CASIO COMPUTER Correlations

CAC1 Stock

7.69 0.01 0.13%

The current 90-days correlation between CASIO COMPUTER and Virtus Investment Partners is 0.09 (i.e., Significant diversification). The correlation of CASIO COMPUTER 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.

CASIO COMPUTER Correlation With Market

Significant diversification

The correlation between CASIO PUTER and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CASIO PUTER and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CASIO Stock

0.77	APC	Apple Inc	Pair Corr
0.88	APC	Apple Inc	Pair Corr
0.88	APC	Apple Inc	Pair Corr
0.77	APC	Apple Inc	Pair Corr
0.78	MSF	Microsoft	Pair Corr
0.78	MSF	Microsoft	Pair Corr
0.78	MSF	Microsoft	Pair Corr
0.81	MSF	Microsoft	Pair Corr
0.79	MSF	Microsoft	Pair Corr
0.81	AMZ	Amazon Inc	Pair Corr
0.81	DBPE	Xtrackers LevDAX	Pair Corr
0.75	E908	Lyxor 1	Pair Corr

Moving against CASIO Stock

0.84	DBPD	Xtrackers ShortDAX	Pair Corr
0.82	PQ9	BANK MANDIRI	Pair Corr
0.66	BYRA	PT Bank Rakyat	Pair Corr
0.64	SSUN	Samsung Electronics	Pair Corr
0.63	BYRA	BANK RAKYAT IND	Pair Corr
0.59	PQ9	PT Bank Mandiri	Pair Corr
0.58	SSU	Samsung Electronics	Pair Corr
0.57	SSU	Samsung Electronics	Pair Corr
0.52	BYRA	BANK RAKYAT IND	Pair Corr
0.45	BYRA	PT Bank Rakyat	Pair Corr
0.44	SSUN	Samsung Electronics	Pair Corr

Related Correlations Analysis

	HNC	12P	1IZ1	3TY	VIP	6WW	4OQ1	9B7
HNC		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HNC
12P	0.0		0.7	0.16	-0.02	0.47	0.37	0.52	12P
1IZ1	0.0	0.7		0.56	0.55	0.21	0.34	0.88	1IZ1
3TY	0.0	0.16	0.56		0.72	-0.1	0.35	0.51	3TY
VIP	0.0	-0.02	0.55	0.72		-0.45	0.14	0.65	VIP
6WW	0.0	0.47	0.21	-0.1	-0.45		0.13	-0.07	6WW
4OQ1	0.0	0.37	0.34	0.35	0.14	0.13		0.44	4OQ1
9B7	0.0	0.52	0.88	0.51	0.65	-0.07	0.44		9B7
	HNC	12P	1IZ1	3TY	VIP	6WW	4OQ1	9B7

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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

9B7	+ 0.88	1IZ1
VIP	+ 0.72	3TY
1IZ1	+ 0.7	12P
9B7	+ 0.65	VIP
3TY	+ 0.56	1IZ1
VIP	+ 0.55	1IZ1

High negative correlations

6WW	- 0.45	VIP
6WW	- 0.1	3TY
9B7	- 0.07	6WW
VIP	- 0.02	12P
9B7	- 0.0	HNC
4OQ1	- 0.0	HNC

Risk-Adjusted Indicators

There is a big difference between CASIO Stock performing well and CASIO COMPUTER 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 CASIO COMPUTER'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
HNC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
12P	1.46	0.20	0.09	(1.77)	1.81	(1.48)	3.15	(2.93)	11.94
1IZ1	0.97	0.28	0.22	(1.39)	0.92	(1.12)	1.87	(1.82)	5.83
3TY	2.34	0.28	0.10	1.56	2.10	(3.51)	5.15	(3.76)	18.48
VIP	1.60	0.17	0.07	(0.75)	1.71	(2.20)	4.50	(2.97)	13.74
6WW	2.38	0.18	0.04	(0.40)	3.06	(3.20)	8.10	(5.80)	26.29
4OQ1	0.95	0.02	0.00	0.08	1.46	(0.88)	1.88	(2.25)	5.49
9B7	1.91	0.81	0.49	(5.16)	0.72	(2.79)	4.96	(2.45)	37.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in CASIO COMPUTER 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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