Japan Tobacco Correlations

JAPAF Stock

USD 29.02 3.26 12.66%

The current 90-days correlation between Japan Tobacco and Imperial Brands PLC is 0.05 (i.e., Significant diversification). The correlation of Japan Tobacco 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.

Japan Tobacco Correlation With Market

Average diversification

The correlation between Japan Tobacco and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Japan Tobacco and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Japan Pink Sheet

0.68	JAPAY	Japan Tobacco ADR	Pair Corr
0.62	BKRKY	Bank Rakyat	Pair Corr
0.63	TLK	Telkom Indonesia Tbk	Pair Corr

Moving against Japan Pink Sheet

0.65	PM	Philip Morris Intern	Pair Corr
0.54	SSNLF	Samsung Electronics	Pair Corr
0.46	PTAIF	PT Astra International	Pair Corr
0.59	OXLC	Oxford Lane Capital	Pair Corr
0.49	PMMAF	Puma SE	Pair Corr
0.48	LPCN	Lipocine	Pair Corr
0.46	DOCU	DocuSign Earnings Call This Week	Pair Corr
0.45	SCM	Stellus Capital Inve	Pair Corr
0.44	DASH	DoorDash, Class A	Pair Corr
0.41	FLR	Fluor	Pair Corr
0.4	HURC	Hurco Companies	Pair Corr
0.4	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.33	SPOT	Spotify Technology	Pair Corr
0.31	TATT	Tat Techno	Pair Corr
0.64	LINK	Interlink Electronics	Pair Corr
0.45	PANW	Palo Alto Networks	Pair Corr
0.45	ATOM	Atomera	Pair Corr
0.45	FTAIM	FTAI Aviation	Pair Corr

Related Correlations Analysis

	IMBBY	BTAFF	TPB	UVV	JAPAY	VGR	XXII	BTI	IMBBF	HPCO
IMBBY		0.15	0.84	0.67	-0.59	0.62	-0.61	0.13	0.87	-0.76	IMBBY
BTAFF	0.15		0.01	0.34	0.43	-0.44	0.49	0.87	0.08	-0.05	BTAFF
TPB	0.84	0.01		0.78	-0.74	0.69	-0.71	-0.01	0.71	-0.66	TPB
UVV	0.67	0.34	0.78		-0.31	0.17	-0.23	0.39	0.49	-0.49	UVV
JAPAY	-0.59	0.43	-0.74	-0.31		-0.76	0.77	0.43	-0.52	0.43	JAPAY
VGR	0.62	-0.44	0.69	0.17	-0.76		-0.95	-0.58	0.63	-0.59	VGR
XXII	-0.61	0.49	-0.71	-0.23	0.77	-0.95		0.61	-0.62	0.58	XXII
BTI	0.13	0.87	-0.01	0.39	0.43	-0.58	0.61		-0.03	0.05	BTI
IMBBF	0.87	0.08	0.71	0.49	-0.52	0.63	-0.62	-0.03		-0.73	IMBBF
HPCO	-0.76	-0.05	-0.66	-0.49	0.43	-0.59	0.58	0.05	-0.73		HPCO
	IMBBY	BTAFF	TPB	UVV	JAPAY	VGR	XXII	BTI	IMBBF	HPCO

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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

IMBBF	+ 0.87	IMBBY
BTI	+ 0.87	BTAFF
TPB	+ 0.84	IMBBY
UVV	+ 0.78	TPB
XXII	+ 0.77	JAPAY
IMBBF	+ 0.71	TPB

High negative correlations

XXII	- 0.95	VGR
VGR	- 0.76	JAPAY
HPCO	- 0.76	IMBBY
JAPAY	- 0.74	TPB
HPCO	- 0.73	IMBBF
XXII	- 0.71	TPB

Risk-Adjusted Indicators

There is a big difference between Japan Pink Sheet performing well and Japan Tobacco 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 Japan Tobacco'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
IMBBY	0.88	0.21	0.11	1.15	0.72	(1.09)	2.49	(1.43)	7.87
BTAFF	1.94	0.06	0.00	0.23	2.41	(2.09)	5.06	(4.19)	12.08
TPB	1.60	0.62	0.42	1.07	0.78	(2.04)	4.76	(2.46)	10.20
UVV	1.10	(0.01)	(0.03)	0.12	1.07	(1.31)	2.49	(1.91)	5.89
JAPAY	0.82	(0.07)	0.00	(0.24)	0.00	0.00	1.80	(1.55)	5.09
VGR	1.05	0.56	0.58	(6.32)	0.00	(1.32)	3.38	(0.96)	8.71
XXII	6.78	(1.76)	0.00	(1.90)	0.00	0.00	20.00	(15.38)	44.68
BTI	0.73	0.04	(0.06)	0.57	1.02	(0.76)	1.28	(1.32)	4.59
IMBBF	2.24	0.32	0.06	(1.28)	2.33	(2.67)	5.01	(4.66)	11.56
HPCO	17.23	6.29	0.22	(0.72)	15.72	(24.22)	10.00	(12.73)	108.83

Be your own money manager

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

Kiyohide Hirowatari	Chief Legal Officer and Sr. VP	Profile
Kazuhito Yamashita	Executive Officer	Profile
Nobuya Kato	VP CFO	Profile
Mutsuo Iwai	Senior Managing Executive Officer	Profile

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