Kirin Holdings Correlations

KIR Stock

EUR 13.00 0.10 0.78%

The current 90-days correlation between Kirin Holdings and Treasury Wine Estates is 0.01 (i.e., Significant diversification). The correlation of Kirin Holdings 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.

Kirin Holdings Correlation With Market

Average diversification

The correlation between Kirin Holdings 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 Kirin Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Kirin Stock

0.82	AMNA	Ambev SA	Pair Corr
0.61	1YL	PROSUS NV ADR	Pair Corr

Moving against Kirin Stock

0.65	TOMA	Toyota Motor	Pair Corr
0.51	ICK	Industrial and Commercial	Pair Corr
0.47	C6T	China Construction Bank	Pair Corr
0.43	NVPJ	TMBThanachart Bank Public	Pair Corr
0.4	HEN1	HENKEL AGCOKGAA VZ	Pair Corr

Related Correlations Analysis

	TMD0	OSP2	MGK	T7W	TKE	MGK	W9C	CPW
TMD0		-0.44	-0.48	0.6	-0.48	-0.5	-0.22	-0.55	TMD0
OSP2	-0.44		0.44	-0.09	0.77	0.49	0.78	0.68	OSP2
MGK	-0.48	0.44		-0.56	0.52	0.91	0.45	0.74	MGK
T7W	0.6	-0.09	-0.56		-0.15	-0.63	0.1	-0.48	T7W
TKE	-0.48	0.77	0.52	-0.15		0.5	0.75	0.71	TKE
MGK	-0.5	0.49	0.91	-0.63	0.5		0.42	0.74	MGK
W9C	-0.22	0.78	0.45	0.1	0.75	0.42		0.71	W9C
CPW	-0.55	0.68	0.74	-0.48	0.71	0.74	0.71		CPW
	TMD0	OSP2	MGK	T7W	TKE	MGK	W9C	CPW

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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

MGK	+ 0.91	MGK
W9C	+ 0.78	OSP2
TKE	+ 0.77	OSP2
W9C	+ 0.75	TKE
CPW	+ 0.74	MGK
CPW	+ 0.74	MGK

High negative correlations

MGK	- 0.63	T7W
T7W	- 0.56	MGK
CPW	- 0.55	TMD0
MGK	- 0.5	TMD0
CPW	- 0.48	T7W
TKE	- 0.48	TMD0

Risk-Adjusted Indicators

There is a big difference between Kirin Stock performing well and Kirin Holdings 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 Kirin Holdings' 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
TMD0	2.07	(0.08)	0.00	(0.18)	0.00	0.00	3.64	(5.26)	19.11
OSP2	1.02	0.08	0.05	0.23	1.41	(1.19)	2.34	(2.24)	7.70
MGK	1.84	0.04	0.02	(0.23)	2.10	(2.41)	4.13	(4.28)	11.35
T7W	1.23	(0.07)	0.00	5.46	0.00	0.00	2.74	(2.64)	9.59
TKE	1.30	0.21	0.18	(0.52)	1.18	(1.54)	2.82	(2.36)	16.92
MGK	1.58	0.06	0.03	0.08	1.75	(2.17)	4.47	(3.44)	9.72
W9C	0.95	0.04	0.04	(0.20)	1.35	(1.22)	2.79	(2.92)	8.20
CPW	1.04	0.32	0.30	2.27	0.80	(1.28)	2.72	(1.78)	8.97

Be your own money manager

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

Elected by the shareholders, the Kirin Holdings' board of directors comprises two types of representatives: Kirin Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kirin. The board's role is to monitor Kirin Holdings' management team and ensure that shareholders' interests are well served. Kirin Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Kirin Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.

Toshiya Miyoshi	Sr Director	Profile
Keisuke MBA	EVP Director	Profile
Hiroshi Ogawa	Sr VP	Profile
Yoshinori Isozaki	CEO Pres	Profile
Hidefumi Matsuo	Head IR	Profile
Tetsuya Fujiwara	Director Communications	Profile
Takeshi Minakata	Sr Director	Profile

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