Kawasaki Kisen Correlations

KAIKY Stock

USD 14.70 0.00 0.00%

The current 90-days correlation between Kawasaki Kisen Kaisha and SITC International Holdings is 0.18 (i.e., Average diversification). The correlation of Kawasaki Kisen 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Kawasaki Kisen Correlation With Market

Very good diversification

The correlation between Kawasaki Kisen Kaisha and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kawasaki Kisen Kaisha and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Kawasaki Pink Sheet

0.44	FANH	Fanhua Inc Symbol Change	Pair Corr
0.31	MTDR	Matador Resources	Pair Corr

Related Correlations Analysis

	BWLLY	PCFBY	HLAGF	HPGLY	HUPHY	BWLLF	MPZZF	SITIY	NPNYY	AMKAF
BWLLY		0.32	0.4	0.51	0.32	0.07	0.51	0.33	0.47	0.18	BWLLY
PCFBY	0.32		0.18	0.1	0.41	0.07	0.47	0.17	0.19	0.13	PCFBY
HLAGF	0.4	0.18		0.83	0.22	0.55	0.28	0.64	0.08	0.61	HLAGF
HPGLY	0.51	0.1	0.83		0.23	0.44	0.33	0.68	0.27	0.66	HPGLY
HUPHY	0.32	0.41	0.22	0.23		0.39	0.76	0.53	-0.16	0.45	HUPHY
BWLLF	0.07	0.07	0.55	0.44	0.39		0.12	0.69	-0.57	0.43	BWLLF
MPZZF	0.51	0.47	0.28	0.33	0.76	0.12		0.48	0.24	0.46	MPZZF
SITIY	0.33	0.17	0.64	0.68	0.53	0.69	0.48		-0.16	0.64	SITIY
NPNYY	0.47	0.19	0.08	0.27	-0.16	-0.57	0.24	-0.16		0.02	NPNYY
AMKAF	0.18	0.13	0.61	0.66	0.45	0.43	0.46	0.64	0.02		AMKAF
	BWLLY	PCFBY	HLAGF	HPGLY	HUPHY	BWLLF	MPZZF	SITIY	NPNYY	AMKAF

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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

HPGLY	+ 0.83	HLAGF
MPZZF	+ 0.76	HUPHY
SITIY	+ 0.69	BWLLF
SITIY	+ 0.68	HPGLY
AMKAF	+ 0.66	HPGLY
SITIY	+ 0.64	HLAGF

High negative correlations

NPNYY	- 0.57	BWLLF
NPNYY	- 0.16	SITIY
NPNYY	- 0.16	HUPHY

Risk-Adjusted Indicators

There is a big difference between Kawasaki Pink Sheet performing well and Kawasaki Kisen 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 Kawasaki Kisen'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
BWLLY	3.13	0.33	0.02	(0.66)	4.00	(4.57)	9.63	(7.57)	28.08
PCFBY	2.50	(0.04)	0.00	0.24	0.00	0.00	5.74	(7.25)	35.64
HLAGF	1.79	0.19	(0.01)	(0.11)	2.43	(4.63)	5.24	(5.34)	24.56
HPGLY	1.85	0.21	(0.01)	(0.06)	3.06	(3.28)	5.21	(4.66)	20.87
HUPHY	1.52	0.53	0.00	(4.06)	0.00	0.00	4.33	(0.89)	21.84
BWLLF	2.37	0.84	0.21	(1.87)	2.49	(2.64)	5.35	(5.75)	24.96
MPZZF	2.41	0.14	(0.01)	(0.32)	3.11	(2.68)	4.98	(5.26)	13.93
SITIY	4.66	0.65	0.04	(0.33)	5.98	(7.80)	11.33	(16.76)	44.75
NPNYY	1.71	(0.14)	0.00	0.69	0.00	0.00	2.85	(2.97)	14.63
AMKAF	1.47	0.09	(0.01)	(0.52)	2.19	(3.11)	3.45	(4.91)	24.11

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

Kiyoshi Tokonami	Gen Group	Profile
Atsuo Asano	Executive Officer	Profile
Yuji Asano	Accounting Fin	Profile
Yasunari Sonobe	Executive Officer	Profile
Kazuhiko Harigai	Managing Executive Officer	Profile

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