East Japan Correlations
| EJPRF Stock | USD 20.30 0.94 4.43% |
The current 90-days correlation between East Japan Railway and East Japan Railway is 0.25 (i.e., Modest diversification). The correlation of East Japan 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.
East Japan Correlation With Market
Good diversification
The correlation between East Japan Railway and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding East Japan Railway and DJI in the same portfolio, assuming nothing else is changed.
East |
The ability to find closely correlated positions to East Japan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace East Japan 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 East Japan - 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 East Japan Railway to buy it.
Moving together with East Pink Sheet
| 0.69 | SKFOF | Sika AG | PairCorr |
| 0.65 | GLU | Gabelli Global Utility | PairCorr |
| 0.75 | RYN | Rayonier | PairCorr |
| 0.71 | ANPMF | Andean Precious Metals | PairCorr |
| 0.84 | ISMAY | Indra Sistemas SA | PairCorr |
Moving against East Pink Sheet
| 0.73 | CSX | CSX Corporation | PairCorr |
| 0.59 | CNI | Canadian National Railway | PairCorr |
| 0.52 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.46 | WAB | Westinghouse Air Brake | PairCorr |
| 0.46 | BKRKY | Bank Rakyat | PairCorr |
| 0.46 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.43 | PBCRY | Bank Central Asia | PairCorr |
| 0.37 | PBCRF | PT Bank Central | PairCorr |
| 0.33 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.4 | ISPOW | Thayer Ventures Acqu | PairCorr |
Related Correlations Analysis
| 0.97 | -0.63 | -0.85 | 0.0 | EJPRY | ||
| 0.97 | -0.58 | -0.83 | 0.0 | WJRYY | ||
| -0.63 | -0.58 | 0.52 | 0.0 | FSTR | ||
| -0.85 | -0.83 | 0.52 | 0.0 | GBX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | USDP | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between East Pink Sheet performing well and East Japan 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 East Japan'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EJPRY | 0.99 | 0.22 | 0.27 | (2.13) | 0.80 | 2.14 | 5.01 | |||
| WJRYY | 1.02 | 0.25 | 0.23 | (4.48) | 1.06 | 2.31 | 8.25 | |||
| FSTR | 2.16 | (0.36) | 0.00 | (0.28) | 0.00 | 3.64 | 17.09 | |||
| GBX | 1.51 | (0.23) | 0.00 | 1.01 | 0.00 | 2.82 | 9.05 | |||
| USDP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in East Japan 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.Did you try this?
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