Daifuku Correlations

DFKCY Stock

USD 12.85 0.10 0.78%

The correlation of Daifuku 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.

Daifuku Correlation With Market

Good diversification

The correlation between Daifuku Co and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daifuku Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Daifuku Pink Sheet

0.75	SMAWF	Siemens AG Class	Pair Corr
0.64	CHT	Chunghwa Telecom	Pair Corr
0.67	COOTW	Australian Oilseeds	Pair Corr
0.63	CLLNY	Cellnex Telecom SA	Pair Corr
0.72	GRWC	Grow Capital	Pair Corr
0.71	BTT	Blackrock Municipal	Pair Corr
0.9	FARM	Farmer Bros	Pair Corr
0.78	CMSQF	Computershare Limited	Pair Corr
0.9	MDLZ	Mondelez International	Pair Corr
0.67	SGAPY	Singapore Telecommunicatio	Pair Corr

Moving against Daifuku Pink Sheet

0.7	ETN	Eaton PLC	Pair Corr
0.67	GEV	GE Vernova LLC	Pair Corr
0.56	EMR	Emerson Electric	Pair Corr
0.48	SES	SES AI Corp	Pair Corr
0.45	LNDNF	Lundin Energy AB	Pair Corr
0.41	FUAPF	Global Cannabis Appl	Pair Corr
0.37	MVST	Microvast Holdings	Pair Corr
0.33	ENMI	Energy Management	Pair Corr
0.32	PH	Parker Hannifin	Pair Corr
0.6	CHNXF	ChitogenX	Pair Corr
0.54	QMCO	Quantum Trending	Pair Corr

Related Correlations Analysis

	YOKEF	NJDCY	SIEGY	ETN	NLLSF	NXHSF	NLLSY	ROSN	SMCAY
YOKEF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	YOKEF
NJDCY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NJDCY
SIEGY	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SIEGY
ETN	0.0	0.0	0.0		0.21	-0.71	0.25	-0.78	0.47	ETN
NLLSF	0.0	0.0	0.0	0.21		-0.34	0.84	-0.4	0.57	NLLSF
NXHSF	0.0	0.0	0.0	-0.71	-0.34		-0.43	0.74	-0.64	NXHSF
NLLSY	0.0	0.0	0.0	0.25	0.84	-0.43		-0.44	0.62	NLLSY
ROSN	0.0	0.0	0.0	-0.78	-0.4	0.74	-0.44		-0.67	ROSN
SMCAY	0.0	0.0	0.0	0.47	0.57	-0.64	0.62	-0.67		SMCAY
	YOKEF	NJDCY	SIEGY	ETN	NLLSF	NXHSF	NLLSY	ROSN	SMCAY

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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

NLLSY	+ 0.84	NLLSF
ROSN	+ 0.74	NXHSF
SMCAY	+ 0.62	NLLSY
SMCAY	+ 0.57	NLLSF
SMCAY	+ 0.47	ETN
NLLSY	+ 0.25	ETN

High negative correlations

ROSN	- 0.78	ETN
NXHSF	- 0.71	ETN
SMCAY	- 0.67	ROSN
SMCAY	- 0.64	NXHSF
ROSN	- 0.44	NLLSY
NLLSY	- 0.43	NXHSF

Risk-Adjusted Indicators

There is a big difference between Daifuku Pink Sheet performing well and Daifuku 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 Daifuku'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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NJDCY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SIEGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ETN	1.69	(0.19)	0.00	(0.31)	0.00	0.00	3.41	(3.54)	19.37
NLLSF	5.61	0.53	0.07	6.85	6.59	(8.25)	10.00	(10.00)	52.86
NXHSF	5.22	1.50	0.09	3.08	5.87	(18.70)	22.22	(9.86)	77.50
NLLSY	1.90	0.21	0.05	(0.29)	2.56	(15.99)	0.17	(3.82)	54.77
ROSN	6.85	2.65	0.25	1.66	5.88	(11.85)	21.15	(9.91)	45.27
SMCAY	1.35	(0.07)	0.00	(0.33)	0.00	0.00	3.12	(2.79)	10.59

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