Ibiden CoLtd Correlations

IBI Stock

EUR 26.40 0.20 0.76%

The current 90-days correlation between Ibiden CoLtd and Jabil Inc is 0.19 (i.e., Average diversification). The correlation of Ibiden CoLtd 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.

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

Moving together with Ibiden Stock

0.62

DBPD

Xtrackers ShortDAX

Pair Corr

Moving against Ibiden Stock

0.63	UF2	Sunstone Hotel Investors	Pair Corr
0.58	MEC	Meiko Electronics	Pair Corr
0.58	YMI	Yellow Pages Limited	Pair Corr
0.58	DBPE	Xtrackers LevDAX	Pair Corr
0.55	E908	Lyxor 1	Pair Corr
0.52	SAP	SAP SE	Pair Corr
0.52	E6Q	GOLD ROAD RES	Pair Corr
0.42	SLT	SCHALTBAU HOLDING	Pair Corr
0.4	BAC	Verizon Communications	Pair Corr
0.33	UF0	UDR Inc	Pair Corr

Related Correlations Analysis

	JBL	IBI	PX4	NVPA	TT1	HAA1	AUS	BMU	MEC
JBL		-0.23	0.92	-0.86	0.93	-0.35	-0.83	0.86	0.78	JBL
IBI	-0.23		-0.24	0.52	-0.27	-0.16	0.47	-0.12	-0.58	IBI
PX4	0.92	-0.24		-0.9	0.96	-0.37	-0.88	0.92	0.84	PX4
NVPA	-0.86	0.52	-0.9		-0.92	0.41	0.96	-0.83	-0.95	NVPA
TT1	0.93	-0.27	0.96	-0.92		-0.42	-0.89	0.94	0.86	TT1
HAA1	-0.35	-0.16	-0.37	0.41	-0.42		0.4	-0.41	-0.34	HAA1
AUS	-0.83	0.47	-0.88	0.96	-0.89	0.4		-0.79	-0.88	AUS
BMU	0.86	-0.12	0.92	-0.83	0.94	-0.41	-0.79		0.82	BMU
MEC	0.78	-0.58	0.84	-0.95	0.86	-0.34	-0.88	0.82		MEC
	JBL	IBI	PX4	NVPA	TT1	HAA1	AUS	BMU	MEC

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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

TT1	+ 0.96	PX4
AUS	+ 0.96	NVPA
BMU	+ 0.94	TT1
TT1	+ 0.93	JBL
PX4	+ 0.92	JBL
BMU	+ 0.92	PX4

High negative correlations

MEC	- 0.95	NVPA
TT1	- 0.92	NVPA
NVPA	- 0.9	PX4
AUS	- 0.89	TT1
MEC	- 0.88	AUS
AUS	- 0.88	PX4

Risk-Adjusted Indicators

There is a big difference between Ibiden Stock performing well and Ibiden CoLtd 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 Ibiden CoLtd'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
JBL	1.51	0.51	0.38	0.52	0.89	(1.97)	3.64	(2.17)	13.18
IBI	2.18	(0.08)	0.00	(5.90)	0.00	0.00	3.68	(4.32)	12.76
PX4	1.55	0.38	0.23	0.44	1.21	(2.11)	3.29	(2.21)	12.84
NVPA	2.21	(0.70)	0.00	(0.71)	0.00	0.00	3.08	(5.68)	13.38
TT1	1.69	0.62	0.29	1.51	1.33	(2.38)	3.98	(2.59)	16.19
HAA1	2.78	0.08	0.02	0.11	2.93	(4.95)	4.55	(5.45)	53.88
AUS	2.63	(0.89)	0.00	(0.45)	0.00	0.00	4.17	(6.83)	20.43
BMU	1.67	0.19	0.11	0.49	1.45	(2.32)	3.57	(2.51)	13.06
MEC	2.46	0.65	0.23	0.62	2.11	(3.37)	9.21	(4.27)	20.01

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

Elected by the shareholders, the Ibiden CoLtd's board of directors comprises two types of representatives: Ibiden CoLtd inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ibiden. The board's role is to monitor Ibiden CoLtd's management team and ensure that shareholders' interests are well served. Ibiden CoLtd'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, Ibiden CoLtd's outside directors are responsible for providing unbiased perspectives on the board's policies.

Honchin Endo	Managing Officer	Profile
Norihiko Yamamura	Pres Operation	Profile
Koji Kawashima	Sr Director	Profile
Kozo Kodama	Ex Director	Profile
Masahiko Ikuta	Pres EVP	Profile
Takeshi Aoki	CEO Pres	Profile
Sotaro Ito	Pres Operation	Profile

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