H2O Retailing Correlations
| HKU Stock | EUR 14.10 0.10 0.71% |
The current 90-days correlation between H2O Retailing and RYOHIN UNSPADR1 is 0.19 (i.e., Average diversification). The correlation of H2O Retailing 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.
H2O Retailing Correlation With Market
Good diversification
The correlation between H2O Retailing 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 H2O Retailing and DJI in the same portfolio, assuming nothing else is changed.
H2O |
The ability to find closely correlated positions to H2O Retailing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace H2O Retailing 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 H2O Retailing - 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 H2O Retailing to buy it.
Moving together with H2O Stock
| 0.64 | FDO | Macys Inc | PairCorr |
| 0.74 | 3RKU | RYOHIN UNSPADR1 Earnings Call This Week | PairCorr |
| 0.79 | S1VA | PEPKOR LTD | PairCorr |
| 0.76 | 4HP | Isetan Mitsukoshi | PairCorr |
| 0.65 | SUI | Sekisui Chemical | PairCorr |
| 0.67 | DBK | Deutsche Bank Aktien | PairCorr |
| 0.71 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.66 | E908 | Lyxor 1 | PairCorr |
Moving against H2O Stock
| 0.69 | PQ9 | BANK MANDIRI | PairCorr |
| 0.4 | PQ9 | BANK MANDIRI | PairCorr |
| 0.39 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.34 | BYRA | PT Bank Rakyat | PairCorr |
| 0.32 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.32 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.75 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.37 | BZG2 | BANK CENTRAL ASIA | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between H2O Stock performing well and H2O Retailing 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 H2O Retailing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DL7A | 1.87 | 0.44 | 0.23 | (1.38) | 1.39 | 5.55 | 13.96 | |||
| 3RKU | 1.60 | 0.40 | 0.23 | (18.72) | 1.28 | 3.92 | 9.54 | |||
| 8SP | 2.12 | (0.14) | 0.00 | 0.51 | 0.00 | 3.17 | 20.22 | |||
| 6NM | 1.21 | (0.06) | 0.00 | 0.25 | 0.00 | 2.89 | 9.64 | |||
| 39O1 | 3.20 | (0.36) | 0.00 | (0.73) | 0.00 | 8.09 | 20.83 | |||
| 2DG | 5.84 | (0.16) | 0.00 | 2.44 | 0.00 | 13.64 | 52.42 | |||
| TLX | 1.06 | 0.12 | 0.08 | (1.07) | 1.14 | 2.67 | 7.58 | |||
| TM9 | 2.82 | (0.01) | 0.00 | (0.03) | 4.45 | 7.26 | 30.27 | |||
| INVN | 2.18 | 0.23 | 0.08 | (0.25) | 2.47 | 5.45 | 14.01 | |||
| NOH1 | 1.66 | (0.07) | 0.00 | (0.20) | 0.00 | 3.86 | 13.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in H2O Retailing 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?
Run Correlation Analysis Now
Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
| All Next | Launch Module |
H2O Retailing Corporate Management
Elected by the shareholders, the H2O Retailing's board of directors comprises two types of representatives: H2O Retailing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of H2O. The board's role is to monitor H2O Retailing's management team and ensure that shareholders' interests are well served. H2O Retailing'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, H2O Retailing's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gaku Watanabe | Managing Officer | Profile | |
| Katsuhiro Hayashi | Exec Director | Profile | |
| Masaru Ikejima | Managing Officer | Profile | |
| Hiroyasu Kuromatsu | Managing Officer | Profile | |
| Toshihiko Yamaguchi | Representative Director | Profile | |
| Naoya Araki | CEO Pres | Profile |