East Japan Correlations

EJR Stock

EUR 16.65 0.19 1.13%

The current 90-days correlation between East Japan Railway and MTR Limited is -0.12 (i.e., Good 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 -0.04 (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.

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 against East Stock

0.47	VAI	Vail Resorts	Pair Corr
0.43	APC	Apple Inc	Pair Corr
0.42	PPB	Flutter Entertainment PLC	Pair Corr
0.38	LNLB	Li Ning Company	Pair Corr
0.35	RC2	RCM TECHNOLOGIES	Pair Corr
0.43	APC	Apple Inc	Pair Corr
0.4	PTX	Palantir Technologies	Pair Corr
0.39	AZ5	AutoZone	Pair Corr
0.37	C6TB	CHINA BANK ADR20	Pair Corr

Related Correlations Analysis

	UNP	CY2	CXR	MRI	C2L	JAP	EJR	WB2
UNP		0.44	0.78	-0.23	-0.02	-0.08	-0.1	0.58	UNP
CY2	0.44		0.35	-0.04	-0.28	0.66	0.33	-0.19	CY2
CXR	0.78	0.35		-0.2	0.21	-0.14	0.05	0.73	CXR
MRI	-0.23	-0.04	-0.2		0.54	0.01	-0.01	-0.11	MRI
C2L	-0.02	-0.28	0.21	0.54		-0.41	-0.05	0.42	C2L
JAP	-0.08	0.66	-0.14	0.01	-0.41		0.38	-0.67	JAP
EJR	-0.1	0.33	0.05	-0.01	-0.05	0.38		-0.18	EJR
WB2	0.58	-0.19	0.73	-0.11	0.42	-0.67	-0.18		WB2
	UNP	CY2	CXR	MRI	C2L	JAP	EJR	WB2

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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

CXR	+ 0.78	UNP
WB2	+ 0.73	CXR
JAP	+ 0.66	CY2
WB2	+ 0.58	UNP
C2L	+ 0.54	MRI
CY2	+ 0.44	UNP

High negative correlations

WB2	- 0.67	JAP
JAP	- 0.41	C2L
C2L	- 0.28	CY2
MRI	- 0.23	UNP
MRI	- 0.2	CXR
WB2	- 0.19	CY2

Risk-Adjusted Indicators

There is a big difference between East Stock 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
UNP	1.09	(0.06)	0.00	(0.04)	0.00	0.00	2.70	(1.75)	9.33
CY2	0.89	(0.15)	0.00	(0.18)	0.00	0.00	2.07	(2.02)	7.16
CXR	1.35	(0.05)	0.00	(0.02)	0.00	0.00	3.08	(2.44)	10.67
MRI	1.09	0.07	0.03	0.50	1.26	(1.41)	3.11	(1.81)	8.37
C2L	1.53	0.29	0.07	(2.56)	1.74	(3.67)	5.08	(3.17)	16.51
JAP	0.98	(0.26)	0.00	(0.75)	0.00	0.00	1.45	(2.26)	6.86
EJR	1.45	(0.14)	0.00	1.51	0.00	0.00	2.93	(3.26)	8.34
WB2	0.96	0.20	0.20	0.50	0.79	(1.20)	2.03	(1.30)	9.99

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.

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East Japan Corporate Management

Elected by the shareholders, the East Japan's board of directors comprises two types of representatives: East Japan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of East. The board's role is to monitor East Japan's management team and ensure that shareholders' interests are well served. East Japan's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, East Japan's outside directors are responsible for providing unbiased perspectives on the board's policies.

Dan Tsuchizawa	Gen Department	Profile
Chiharu Watari	Exec Headquarters	Profile
Ikuju Asami	Sr Officer	Profile
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Yoichi Kise	EVP Director	Profile
Yuji Fukasawa	CEO Pres	Profile
Katsumi Ise	EVP Director	Profile

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