Casio Computer Correlations

CSIOY Stock

USD 83.10 2.55 2.98%

The current 90-days correlation between Casio Computer and Apple Inc is -0.02 (i.e., Good 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

Good diversification

The correlation between Casio Computer Co and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Casio Computer Co 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 Computer Co to buy it.

Moving together with Casio Pink Sheet

0.62	XIACY	Xiaomi Corp ADR	Pair Corr
0.63	XIACF	Xiaomi Corp	Pair Corr

Moving against Casio Pink Sheet

0.6	VFSWW	VinFast Auto	Pair Corr
0.58	VFS	VinFast Auto	Pair Corr
0.5	ISPOW	Thayer Ventures Acqu	Pair Corr
0.43	KB	KB Financial Group	Pair Corr
0.42	SHG	Shinhan Financial	Pair Corr

Related Correlations Analysis

	AAPL	SHCAF	TCLHF	XIACF	SSNLF	LPL	SNEJF	SONO
AAPL		-0.19	0.2	-0.27	-0.37	0.19	-0.07	0.62	AAPL
SHCAF	-0.19		0.34	0.88	-0.17	0.31	0.84	-0.66	SHCAF
TCLHF	0.2	0.34		0.43	-0.43	0.08	0.42	-0.25	TCLHF
XIACF	-0.27	0.88	0.43		-0.24	0.2	0.89	-0.73	XIACF
SSNLF	-0.37	-0.17	-0.43	-0.24		0.26	-0.12	-0.25	SSNLF
LPL	0.19	0.31	0.08	0.2	0.26		0.43	-0.25	LPL
SNEJF	-0.07	0.84	0.42	0.89	-0.12	0.43		-0.62	SNEJF
SONO	0.62	-0.66	-0.25	-0.73	-0.25	-0.25	-0.62		SONO
	AAPL	SHCAF	TCLHF	XIACF	SSNLF	LPL	SNEJF	SONO

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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

SNEJF	+ 0.89	XIACF
XIACF	+ 0.88	SHCAF
SNEJF	+ 0.84	SHCAF
SONO	+ 0.62	AAPL
XIACF	+ 0.43	TCLHF
SNEJF	+ 0.43	LPL

High negative correlations

SONO	- 0.73	XIACF
SONO	- 0.66	SHCAF
SONO	- 0.62	SNEJF
SSNLF	- 0.43	TCLHF
SSNLF	- 0.37	AAPL
XIACF	- 0.27	AAPL

Risk-Adjusted Indicators

There is a big difference between Casio Pink Sheet 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
AAPL	1.33	(0.13)	0.00	(0.22)	0.00	0.00	2.10	(3.36)	8.50
SHCAF	0.23	0.10	0.00	(0.83)	0.00	0.00	0.00	0.00	7.18
TCLHF	1.69	0.52	0.16	(2.10)	1.23	(4.06)	6.98	(3.33)	13.76
XIACF	3.10	0.97	0.27	(164.31)	2.98	(3.34)	6.55	(4.86)	16.58
SSNLF	0.02	0.00	0.00	(0.05)	0.00	0.00	0.00	0.00	0.62
LPL	1.58	0.10	0.05	0.07	2.16	(1.52)	2.75	(2.77)	10.87
SNEJF	2.49	0.34	0.09	0.30	3.16	(3.00)	6.22	(5.22)	16.45
SONO	1.77	(0.23)	0.00	(0.26)	0.00	0.00	4.86	(4.13)	14.04

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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Casio Computer Corporate Management

Nobuyuki Mochinaga	Exec Headquarters	Profile
Jin Nakayama	CHRO Officer	Profile
Takashi Kashio	Sr Headquarters	Profile
Tetsuo Kashio	Sr Officer	Profile

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