ITOCHU Correlations
| ITOCF Stock | USD 49.20 2.50 5.35% |
The current 90-days correlation between ITOCHU and Sumitomo Corp ADR is 0.37 (i.e., Weak 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
Modest diversification
The correlation between ITOCHU and DJI is 0.2 (i.e., Modest 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.
ITOCHU |
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 Pink Sheet
| 0.75 | HON | Honeywell International | PairCorr |
| 0.76 | MITSF | Mitsui Co | PairCorr |
| 0.91 | ITOCY | Itochu Corp ADR | PairCorr |
Moving against ITOCHU Pink Sheet
| 0.79 | AGS | PlayAGS | PairCorr |
| 0.76 | RDUFF | Radius Gold | PairCorr |
| 0.76 | ELP | Companhia Paranaense | PairCorr |
| 0.72 | MMM | 3M Company | PairCorr |
| 0.71 | MBAV | M3 Brigade Acquisition | PairCorr |
| 0.67 | GRWC | Grow Capital | PairCorr |
| 0.65 | WHLRL | Wheeler Real Estate | PairCorr |
| 0.64 | KT | KT Corporation | PairCorr |
| 0.63 | MSLVF | Mantaro Silver Corp | PairCorr |
| 0.58 | ZTLLF | Zonetail | PairCorr |
| 0.54 | AHOTF | American Hotel Income | PairCorr |
| 0.47 | 037833EE6 | APPLE INC | PairCorr |
| 0.46 | BAYZF | Bayer AG | PairCorr |
| 0.44 | PXHI | Phonex Inc | PairCorr |
| 0.41 | HTHIF | Hitachi | PairCorr |
| 0.37 | CTPCY | Citic Ltd ADR | PairCorr |
| 0.37 | NLPXF | Noble Mineral Exploration | PairCorr |
| 0.35 | HTHIY | Hitachi Ltd ADR | PairCorr |
| 0.34 | NSFDF | NXT Energy Solutions Earnings Call This Week | PairCorr |
| 0.88 | GOTRF | Goliath Resources | PairCorr |
| 0.81 | TD | Toronto Dominion Bank | PairCorr |
| 0.77 | ILIKF | Ilika plc | PairCorr |
| 0.77 | MIDD | Middleby Corp | PairCorr |
| 0.75 | AGL | agilon health | PairCorr |
| 0.73 | NEM | Newmont Goldcorp Corp | PairCorr |
| 0.72 | HGBL | Heritage Global | PairCorr |
| 0.7 | RWAYZ | Runway Growth Finance | PairCorr |
| 0.66 | DTRUY | Daimler Truck Holding | 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
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Risk-Adjusted Indicators
There is a big difference between ITOCHU Pink Sheet 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSUMY | 1.18 | 0.19 | 0.17 | 0.16 | 1.27 | 3.00 | 8.45 | |||
| MITSF | 2.67 | (0.01) | 0.00 | (0.12) | 0.00 | 6.44 | 23.89 | |||
| MARUY | 1.42 | 0.22 | 0.16 | 0.18 | 1.48 | 3.18 | 7.95 | |||
| MSBHF | 1.40 | 0.07 | 0.09 | 0.14 | 1.57 | 2.69 | 10.85 | |||
| ITOCY | 1.26 | (0.06) | 0.00 | (0.20) | 0.00 | 2.46 | 7.33 | |||
| MITSY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MARUF | 2.41 | 0.19 | 0.07 | 0.53 | 3.22 | 5.59 | 26.10 |
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.Did you try this?
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ITOCHU Corporate Management
| Nobuya Urashima | Gen Division | Profile | |
| Hiroyuki Naka | Digital Strategy | Profile | |
| Fumihiko Kobayashi | Chief Accounting Officer, Managing Executive Officer and General Manager of HR and General Affairs Division | Profile | |
| Tomoyuki Takada | General Manager of Corporate Communication Division | Profile | |
| Yoshiko Matoba | GM Officer | Profile | |
| Kazuaki Yamaguchi | Gen Division | Profile |