Japan Exchange Correlations

OSCUF Stock

USD 11.85 1.12 10.44%

The current 90-days correlation between Japan Exchange Group and Singapore Exchange Limited is -0.1 (i.e., Good diversification). The correlation of Japan Exchange 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 Exchange Correlation With Market

Significant diversification

The correlation between Japan Exchange Group and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Japan Exchange Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Japan Exchange 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 Exchange 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 Exchange - 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 Exchange Group to buy it.

Moving against Japan Pink Sheet

0.63	EC	Ecopetrol SA ADR	Pair Corr
0.61	SSNLF	Samsung Electronics	Pair Corr
0.52	CME	CME Group Sell-off Trend	Pair Corr
0.44	ICE	Intercontinental Exchange	Pair Corr
0.44	HKXCF	Hong Kong Exchanges	Pair Corr
0.44	HKXCY	Hong Kong Exchange	Pair Corr
0.64	AGL	agilon health	Pair Corr
0.62	NDEKY	Nitto Denko Corp	Pair Corr
0.59	UBER	Uber Technologies	Pair Corr
0.58	DX	Dynex Capital	Pair Corr
0.57	VWAGY	Volkswagen AG 110	Pair Corr
0.55	BCS	Barclays PLC ADR	Pair Corr
0.51	RNECF	Renesas Electronics	Pair Corr
0.46	SHGDF	Star Diamond	Pair Corr
0.45	ORKLF	Orkla ASA	Pair Corr
0.37	DVAX	Dynavax Technologies	Pair Corr
0.34	AMIGY	Admiral Group PLC	Pair Corr
0.63	GE	GE Aerospace	Pair Corr
0.62	CHMI-PB	Cherry Hill Mortgage	Pair Corr
0.62	NLY-PI	Annaly Capital Management	Pair Corr
0.58	KGC	Kinross Gold Aggressive Push	Pair Corr

Related Correlations Analysis

	DBOEF	SPXCF	LDNXF	LNSTY	HKXCF	DBOEY	DNB	FDS	MCO	MSCI
DBOEF		0.55	0.17	0.24	0.8	0.97	-0.84	-0.72	0.0	-0.73	DBOEF
SPXCF	0.55		0.1	0.15	0.68	0.58	-0.58	-0.37	0.33	-0.52	SPXCF
LDNXF	0.17	0.1		0.86	0.05	0.13	0.04	-0.03	0.46	0.03	LDNXF
LNSTY	0.24	0.15	0.86		0.07	0.22	0.01	-0.05	0.44	0.03	LNSTY
HKXCF	0.8	0.68	0.05	0.07		0.83	-0.83	-0.56	0.15	-0.63	HKXCF
DBOEY	0.97	0.58	0.13	0.22	0.83		-0.89	-0.78	0.0	-0.76	DBOEY
DNB	-0.84	-0.58	0.04	0.01	-0.83	-0.89		0.82	0.12	0.75	DNB
FDS	-0.72	-0.37	-0.03	-0.05	-0.56	-0.78	0.82		0.26	0.8	FDS
MCO	0.0	0.33	0.46	0.44	0.15	0.0	0.12	0.26		0.19	MCO
MSCI	-0.73	-0.52	0.03	0.03	-0.63	-0.76	0.75	0.8	0.19		MSCI
	DBOEF	SPXCF	LDNXF	LNSTY	HKXCF	DBOEY	DNB	FDS	MCO	MSCI

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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

DBOEY	+ 0.97	DBOEF
LNSTY	+ 0.86	LDNXF
DBOEY	+ 0.83	HKXCF
FDS	+ 0.82	DNB
HKXCF	+ 0.8	DBOEF
MSCI	+ 0.8	FDS

High negative correlations

DNB	- 0.89	DBOEY
DNB	- 0.84	DBOEF
DNB	- 0.83	HKXCF
FDS	- 0.78	DBOEY
MSCI	- 0.76	DBOEY
MSCI	- 0.73	DBOEF

Risk-Adjusted Indicators

There is a big difference between Japan Pink Sheet performing well and Japan Exchange 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 Exchange'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
DBOEF	1.61	0.30	0.24	(0.89)	1.52	(2.01)	4.31	(3.07)	8.88
SPXCF	1.60	0.22	0.10	(1.11)	2.13	(2.90)	5.54	(4.17)	22.29
LDNXF	1.38	0.00	0.07	0.35	1.94	(1.49)	2.83	(3.27)	11.67
LNSTY	1.02	0.02	0.09	(0.04)	1.37	(1.16)	2.21	(2.21)	8.65
HKXCF	3.92	0.48	0.12	1.32	4.14	(4.35)	8.87	(7.24)	20.52
DBOEY	0.80	0.30	0.49	2.16	0.53	(0.95)	2.00	(1.32)	4.11
DNB	1.45	(0.53)	0.00	(0.73)	0.00	0.00	2.19	(4.17)	14.72
FDS	0.84	(0.10)	0.00	(0.32)	0.00	0.00	1.61	(2.00)	6.44
MCO	1.14	(0.02)	0.00	(0.16)	0.00	0.00	1.87	(2.48)	8.48
MSCI	1.05	(0.05)	0.00	(0.20)	0.00	0.00	1.70	(2.95)	8.21

Be your own money manager

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

Atsushi Tabata	Executive Officer	Profile
Ryusuke Yokoyama	Managing Executive Officer	Profile
Isao Hasegawa	Executive Officer of General Admin.	Profile
Kiyoshi Hosomizo	Pres Regulation	Profile
Shizuka Masaki	Ex Director	Profile
Futagi Satoshi	Sr Sustainability	Profile

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