Kikkoman Corp Correlations

KIKOY Stock

USD 17.26 2.25 11.53%

The current 90-days correlation between Kikkoman Corp ADR and Emmi AG is -0.09 (i.e., Good diversification). The correlation of Kikkoman Corp 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.

Kikkoman Corp Correlation With Market

Average diversification

The correlation between Kikkoman Corp ADR and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kikkoman Corp ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kikkoman Pink Sheet

0.76	MSFT	Microsoft	Pair Corr
0.65	CAT	Caterpillar	Pair Corr

Moving against Kikkoman Pink Sheet

0.89	BRK-A	Berkshire Hathaway	Pair Corr
0.89	BRK-B	Berkshire Hathaway	Pair Corr
0.83	K	Kellanova	Pair Corr
0.74	LH	Laboratory	Pair Corr
0.68	CYBQF	CYBERDYNE	Pair Corr
0.66	UBER	Uber Technologies	Pair Corr
0.6	NSRGF	Nestle SA	Pair Corr
0.56	LAUR	Laureate Education	Pair Corr
0.55	MKC-V	McCormick Company	Pair Corr
0.43	PKX	POSCO Holdings	Pair Corr
0.43	COST	Costco Wholesale Corp	Pair Corr
0.42	GPDNF	Danone SA	Pair Corr
0.32	CIADY	China Mengniu Dairy	Pair Corr
0.84	T	ATT Inc	Pair Corr
0.83	KO	Coca Cola	Pair Corr
0.8	BFAM	Bright Horizons Family	Pair Corr
0.72	VZ	Verizon Communications	Pair Corr
0.7	GOLD	Barrick Gold Corp Aggressive Push	Pair Corr
0.7	CSCO	Cisco Systems	Pair Corr
0.66	IBM	International Business	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.59	TRV	The Travelers Companies	Pair Corr
0.59	MCD	McDonalds	Pair Corr
0.5	INTC	Intel Upward Rally	Pair Corr
0.49	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	EMLZF	KRYAY	ASBFY	NSRGY	GIS	NSRGF	K	CPB	KHC	HRL
EMLZF		-0.54	0.08	-0.86	-0.44	-0.86	-0.29	-0.42	-0.69	-0.1	EMLZF
KRYAY	-0.54		-0.51	0.72	-0.08	0.73	0.68	-0.1	0.29	-0.36	KRYAY
ASBFY	0.08	-0.51		-0.21	0.49	-0.21	-0.41	0.53	0.36	0.34	ASBFY
NSRGY	-0.86	0.72	-0.21		0.35	1.0	0.43	0.35	0.68	-0.03	NSRGY
GIS	-0.44	-0.08	0.49	0.35		0.33	-0.49	0.94	0.8	0.8	GIS
NSRGF	-0.86	0.73	-0.21	1.0	0.33		0.45	0.33	0.67	-0.06	NSRGF
K	-0.29	0.68	-0.41	0.43	-0.49	0.45		-0.49	0.04	-0.81	K
CPB	-0.42	-0.1	0.53	0.35	0.94	0.33	-0.49		0.81	0.75	CPB
KHC	-0.69	0.29	0.36	0.68	0.8	0.67	0.04	0.81		0.39	KHC
HRL	-0.1	-0.36	0.34	-0.03	0.8	-0.06	-0.81	0.75	0.39		HRL
	EMLZF	KRYAY	ASBFY	NSRGY	GIS	NSRGF	K	CPB	KHC	HRL

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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

NSRGF	+ 1.0	NSRGY
CPB	+ 0.94	GIS
KHC	+ 0.81	CPB
KHC	+ 0.8	GIS
HRL	+ 0.8	GIS
HRL	+ 0.75	CPB

High negative correlations

NSRGF	- 0.86	EMLZF
NSRGY	- 0.86	EMLZF
HRL	- 0.81	K
KHC	- 0.69	EMLZF
KRYAY	- 0.54	EMLZF
ASBFY	- 0.51	KRYAY

Risk-Adjusted Indicators

There is a big difference between Kikkoman Pink Sheet performing well and Kikkoman Corp 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 Kikkoman Corp'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
EMLZF	0.31	(0.15)	0.00	(1.26)	0.00	0.00	0.00	0.00	9.33
KRYAY	1.12	0.16	0.18	0.86	1.30	(1.19)	2.62	(2.05)	8.59
ASBFY	1.31	(0.14)	0.00	(0.60)	0.00	0.00	2.02	(3.60)	6.52
NSRGY	1.05	0.35	0.42	3.95	0.71	(1.23)	3.52	(1.84)	8.47
GIS	1.31	(0.09)	0.00	(0.62)	0.00	0.00	2.19	(3.69)	8.21
NSRGF	1.14	0.35	0.36	1.49	0.94	(1.39)	3.76	(2.27)	9.08
K	0.14	0.03	0.96	0.93	0.00	(0.16)	0.34	(0.27)	0.80
CPB	1.40	(0.13)	0.00	(1.09)	0.00	0.00	2.59	(3.45)	10.02
KHC	1.28	0.02	0.00	(0.05)	0.00	0.00	2.93	(3.25)	7.69
HRL	1.12	(0.13)	0.00	(1.34)	0.00	0.00	2.77	(2.19)	6.26

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Our tools can tell you how much better you can do entering a position in Kikkoman Corp 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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