Konica Minolta Correlations
| KNCAF Stock | USD 4.06 0.00 0.00% |
The current 90-days correlation between Konica Minolta and Sandstorm Gold Ltd is 0.04 (i.e., Significant diversification). The correlation of Konica Minolta 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.
Konica Minolta Correlation With Market
Good diversification
The correlation between Konica Minolta and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Konica Minolta and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Konica Minolta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Konica Minolta 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 Konica Minolta - 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 Konica Minolta to buy it.
Moving together with Konica Pink Sheet
| 0.67 | PYPL | PayPal Holdings Aggressive Push | PairCorr |
| 0.62 | CRS | Carpenter Technology | PairCorr |
| 0.61 | MSTR | MicroStrategy Incorporated Sell-off Trend | PairCorr |
| 0.81 | CRDO | Credo Technology Tech Boost | PairCorr |
| 0.75 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.74 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.61 | LUNR | Intuitive Machines Buyout Trend | PairCorr |
| 0.83 | KOPN | Kopin Buyout Trend | PairCorr |
| 0.74 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
Moving against Konica Pink Sheet
| 0.59 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.58 | FUJIF | FUJIFILM Holdings | PairCorr |
| 0.58 | PTBRY | Bank Negara Indonesia | PairCorr |
| 0.57 | BKRKY | Bank Rakyat | PairCorr |
| 0.53 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.52 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.48 | BRTHY | Brother Industries | PairCorr |
| 0.47 | PBCRY | Bank Central Asia | PairCorr |
| 0.45 | PBCRF | PT Bank Central | PairCorr |
| 0.44 | AVY | Avery Dennison Corp | PairCorr |
| 0.74 | SHG | Shinhan Financial | PairCorr |
| 0.46 | WF | Woori Financial Group | PairCorr |
Related Correlations Analysis
| 0.52 | -0.49 | 0.52 | -0.29 | SAND | ||
| 0.52 | -0.76 | 0.9 | -0.1 | DEO | ||
| -0.49 | -0.76 | -0.64 | 0.08 | FIZZ | ||
| 0.52 | 0.9 | -0.64 | -0.22 | KDP | ||
| -0.29 | -0.1 | 0.08 | -0.22 | IPXXU | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Konica Pink Sheet performing well and Konica Minolta 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 Konica Minolta'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SAND | 1.61 | (0.12) | 0.00 | 0.56 | 0.00 | 2.99 | 14.73 | |||
| DEO | 1.04 | (0.03) | 0.00 | (0.13) | 0.00 | 2.00 | 8.81 | |||
| FIZZ | 1.10 | 0.02 | (0.01) | 0.11 | 1.56 | 2.56 | 10.75 | |||
| KDP | 0.80 | (0.21) | 0.00 | (0.48) | 0.00 | 1.48 | 6.63 | |||
| IPXXU | 1.01 | 0.40 | 0.00 | (0.82) | 0.00 | 0.37 | 31.67 |
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