ITOCHU Correlations

Stocks . Germany . 
Stock . ITOCHU
IOC Stock  EUR 42.62  0.22  0.51%   
The current 90-days correlation between ITOCHU and OAKTRSPECLENDNEW is -0.11 (i.e., Good diversification). The correlation of ITOCHU 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.

ITOCHU Correlation With Market

Average diversification

The correlation between ITOCHU and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ITOCHU and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to ITOCHU could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ITOCHU 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 ITOCHU - 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 ITOCHU to buy it.

Moving together with ITOCHU Stock

  0.79ALD Honeywell InternationalPairCorr
  0.69GD6 Ramsay Gnrale dePairCorr
  0.81DBPD Xtrackers ShortDAXPairCorr

Moving against ITOCHU Stock

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  0.69SEBA S E BANKENPairCorr
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  0.63GAN GAS NATURAL SDGPairCorr
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  0.56PNE3 PNE AGPairCorr
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Related Correlations Analysis

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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   
AS5
+ 0.8
FFC0
EBO
+ 0.7
751
EBO
+ 0.47
H0O
AS5
+ 0.44
751
751
+ 0.4
FFC0
EBO
+ 0.34
AS5
  
High negative correlations   
8QC
- 0.43
FFC0
AS5
- 0.29
8QC
AS5
- 0.29
OTE
OTE
- 0.16
FFC0
EBO
- 0.1
8QC
AS5
- 0.08
H0O

Risk-Adjusted Indicators

There is a big difference between ITOCHU Stock performing well and ITOCHU 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 ITOCHU'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.

Be your own money manager

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

Elected by the shareholders, the ITOCHU's board of directors comprises two types of representatives: ITOCHU inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ITOCHU. The board's role is to monitor ITOCHU's management team and ensure that shareholders' interests are well served. ITOCHU'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, ITOCHU's outside directors are responsible for providing unbiased perspectives on the board's policies.
Masahiro OkafujiChairman CEOProfile
Nobuya UrashimaGen DivisionProfile
Hiroyuki NakaDigital StrategyProfile
Fumihiko KobayashiChief VPProfile
Tomoyuki TakadaManaging DivisionProfile
Yoshiko MatobaGM OfficerProfile
Kazuaki YamaguchiGen DivisionProfile
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