Daiwa Securities Correlations

DSEEY Stock

USD 6.76 0.26 4.00%

The current 90-days correlation between Daiwa Securities and Dmg Blockchain Solutions is 0.05 (i.e., Significant diversification). The correlation of Daiwa Securities 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.

Daiwa Securities Correlation With Market

Significant diversification

The correlation between Daiwa Securities Group and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Daiwa Securities Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Daiwa Pink Sheet

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Related Correlations Analysis

	DMGGF	ARCNF	CYFRF	BTCWF	CBTTF	BBKCF	BFCH	NPPTF	IBKKF	DEFTF
DMGGF		0.67	-0.65	-0.52	0.82	0.22	0.2	-0.19	-0.57	-0.6	DMGGF
ARCNF	0.67		-0.89	-0.35	0.6	-0.16	0.37	-0.58	-0.48	-0.86	ARCNF
CYFRF	-0.65	-0.89		0.39	-0.67	0.23	-0.48	0.73	0.58	0.78	CYFRF
BTCWF	-0.52	-0.35	0.39		-0.36	0.5	0.18	0.35	0.02	0.61	BTCWF
CBTTF	0.82	0.6	-0.67	-0.36		0.24	0.44	-0.29	-0.75	-0.47	CBTTF
BBKCF	0.22	-0.16	0.23	0.5	0.24		0.08	0.63	-0.3	0.39	BBKCF
BFCH	0.2	0.37	-0.48	0.18	0.44	0.08		-0.45	-0.42	-0.1	BFCH
NPPTF	-0.19	-0.58	0.73	0.35	-0.29	0.63	-0.45		0.18	0.53	NPPTF
IBKKF	-0.57	-0.48	0.58	0.02	-0.75	-0.3	-0.42	0.18		0.35	IBKKF
DEFTF	-0.6	-0.86	0.78	0.61	-0.47	0.39	-0.1	0.53	0.35		DEFTF
	DMGGF	ARCNF	CYFRF	BTCWF	CBTTF	BBKCF	BFCH	NPPTF	IBKKF	DEFTF

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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

CBTTF	+ 0.82	DMGGF
DEFTF	+ 0.78	CYFRF
NPPTF	+ 0.73	CYFRF
ARCNF	+ 0.67	DMGGF
NPPTF	+ 0.63	BBKCF
DEFTF	+ 0.61	BTCWF

High negative correlations

CYFRF	- 0.89	ARCNF
DEFTF	- 0.86	ARCNF
IBKKF	- 0.75	CBTTF
CBTTF	- 0.67	CYFRF
CYFRF	- 0.65	DMGGF
DEFTF	- 0.6	DMGGF

Risk-Adjusted Indicators

There is a big difference between Daiwa Pink Sheet performing well and Daiwa Securities 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 Daiwa Securities' 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
DMGGF	5.13	(0.28)	0.00	(0.65)	0.00	0.00	12.00	(9.37)	33.64
ARCNF	2.69	(1.37)	0.00	(1.24)	0.00	0.00	0.00	0.00	90.00
CYFRF	11.75	5.10	0.48	3.13	8.63	(15.92)	26.28	(15.60)	150.65
BTCWF	19.35	7.50	0.51	(2.57)	11.25	(30.24)	80.77	(20.83)	221.94
CBTTF	4.53	(0.36)	0.00	1.44	0.00	0.00	10.24	(9.59)	37.95
BBKCF	4.86	0.40	0.05	0.87	4.88	(11.85)	15.38	(9.09)	43.33
BFCH	10.23	(0.16)	0.00	0.24	0.00	0.00	23.81	(21.43)	76.32
NPPTF	8.83	2.76	0.39	4.64	5.50	(12.14)	25.45	(10.00)	105.56
IBKKF	0.60	(0.31)	0.00	0.89	0.00	0.00	0.00	0.00	20.00
DEFTF	5.45	0.83	0.15	0.84	5.23	(6.26)	11.18	(8.43)	37.07

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