DeNA Correlations

DNACF Stock

USD 15.80 0.00 0.00%

The current 90-days correlation between DeNA and Konami Holdings is -0.04 (i.e., Good diversification). The correlation of DeNA 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.

DeNA Correlation With Market

Good diversification

The correlation between DeNA Co and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DeNA Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with DeNA Pink Sheet

0.65	NTES	NetEase	Pair Corr
0.63	NETTF	NetEase	Pair Corr
0.8	NTDOF	Nintendo	Pair Corr
0.74	NTDOY	Nintendo Co ADR	Pair Corr
0.74	RBLX	Roblox Corp	Pair Corr
0.78	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.87	KULR	KULR Technology Group Aggressive Push	Pair Corr
0.69	84859BAB7	SAVE 8 20	Pair Corr
0.76	GOOGL	Alphabet Class A Earnings Call This Week	Pair Corr
0.75	TSLA	Tesla Inc Earnings Call This Week	Pair Corr
0.62	FTNT	Fortinet	Pair Corr
0.89	PINXY	Peoples Insurance	Pair Corr
0.81	LAES	SEALSQ Corp Trending	Pair Corr
0.68	17298CHT8	US17298CHT80	Pair Corr
0.79	PRMB	Primo Brands	Pair Corr

Moving against DeNA Pink Sheet

0.7	NEXOF	NEXON Co	Pair Corr
0.61	BLBLF	Bilibili	Pair Corr
0.42	NEXOY	Nexon Co	Pair Corr
0.45	40049JAT4	Grupo Televisa SAB	Pair Corr
0.32	HES	Hess Earnings Call This Week	Pair Corr

Related Correlations Analysis

	SQNNY	KNAMF	SGAMY	CCOEY	CCOEF	SQNXF	OTGLY	TTWO	ATVI	NTDOY
SQNNY		-0.18	0.1	0.06	0.06	0.04	-0.12	0.06	-0.01	-0.17	SQNNY
KNAMF	-0.18		-0.25	0.19	-0.11	-0.37	-0.22	-0.16	-0.53	-0.11	KNAMF
SGAMY	0.1	-0.25		-0.59	0.03	0.1	-0.01	-0.58	0.2	-0.25	SGAMY
CCOEY	0.06	0.19	-0.59		0.55	0.01	0.24	0.62	0.02	0.53	CCOEY
CCOEF	0.06	-0.11	0.03	0.55		0.29	0.48	0.19	0.32	0.64	CCOEF
SQNXF	0.04	-0.37	0.1	0.01	0.29		0.48	0.32	0.47	0.48	SQNXF
OTGLY	-0.12	-0.22	-0.01	0.24	0.48	0.48		0.51	0.66	0.86	OTGLY
TTWO	0.06	-0.16	-0.58	0.62	0.19	0.32	0.51		0.25	0.66	TTWO
ATVI	-0.01	-0.53	0.2	0.02	0.32	0.47	0.66	0.25		0.52	ATVI
NTDOY	-0.17	-0.11	-0.25	0.53	0.64	0.48	0.86	0.66	0.52		NTDOY
	SQNNY	KNAMF	SGAMY	CCOEY	CCOEF	SQNXF	OTGLY	TTWO	ATVI	NTDOY

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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

NTDOY	+ 0.86	OTGLY
ATVI	+ 0.66	OTGLY
NTDOY	+ 0.66	TTWO
NTDOY	+ 0.64	CCOEF
TTWO	+ 0.62	CCOEY
CCOEF	+ 0.55	CCOEY

High negative correlations

CCOEY	- 0.59	SGAMY
TTWO	- 0.58	SGAMY
ATVI	- 0.53	KNAMF
SQNXF	- 0.37	KNAMF
NTDOY	- 0.25	SGAMY
SGAMY	- 0.25	KNAMF

Risk-Adjusted Indicators

There is a big difference between DeNA Pink Sheet performing well and DeNA 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 DeNA'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
SQNNY	1.87	0.01	0.00	0.02	0.00	0.00	7.89	(6.68)	22.56
KNAMF	4.39	2.22	0.00	2.47	0.00	0.00	16.24	(4.49)	16.58
SGAMY	1.97	(0.14)	0.00	5.13	0.00	0.00	3.42	(5.02)	18.33
CCOEY	1.38	0.00	(0.01)	0.04	1.95	(1.36)	3.27	(3.78)	10.70
CCOEF	0.58	(0.06)	0.00	(0.25)	0.00	0.00	0.00	(2.67)	17.68
SQNXF	2.03	0.04	0.00	0.15	2.72	(6.13)	9.15	(6.83)	25.34
OTGLY	2.12	0.44	0.17	1.20	2.21	(2.45)	4.61	(3.68)	12.55
TTWO	1.02	0.28	0.19	8.06	1.06	(1.12)	2.75	(2.17)	11.36
ATVI	1.03	0.12	0.05	0.32	2.02	(1.08)	1.89	(1.16)	12.20
NTDOY	1.30	0.18	0.08	(0.56)	1.69	(1.34)	3.04	(2.38)	10.25

Be your own money manager

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

Ryosuke Saito	Head Dept	Profile
Megumi Uchino	Head Unit	Profile
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