Rakuten Correlations

RKUNY Stock

USD 6.04 0.05 0.82%

The current 90-days correlation between Rakuten Inc ADR and Delivery Hero SE is 0.09 (i.e., Significant diversification). The correlation of Rakuten 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.

Rakuten Correlation With Market

Average diversification

The correlation between Rakuten Inc ADR and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rakuten Inc ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Rakuten Pink Sheet

0.73	PDD	PDD Holdings Aggressive Push	Pair Corr
0.71	MELI	MercadoLibre	Pair Corr
0.65	JDCMF	Jd Com Inc	Pair Corr
0.75	SE	Sea	Pair Corr
0.66	JD	JD Inc Adr	Pair Corr
0.72	NVRO	Nevro Corp	Pair Corr
0.7	BAOB	Baraboo Bancorporation	Pair Corr
0.75	TOI	Oncology Institute Earnings Call This Week	Pair Corr
0.74	GE	GE Aerospace	Pair Corr
0.61	T	ATT Inc Earnings Call This Week	Pair Corr
0.67	MMM	3M Company	Pair Corr

Moving against Rakuten Pink Sheet

0.38	TLK	Telkom Indonesia Tbk	Pair Corr
0.37	PPERF	Bank Mandiri Persero	Pair Corr
0.36	PTAIY	Astra International Tbk	Pair Corr
0.33	PPERY	Bank Mandiri Persero	Pair Corr

Related Correlations Analysis

	DELHY	LQDT	W	TDUP	EBAY	CHWY	VIPS	HOUR	QRTEB	YJ
DELHY		0.12	0.2	-0.15	0.0	-0.16	-0.21	-0.13	0.11	-0.15	DELHY
LQDT	0.12		0.71	0.17	0.16	0.73	-0.37	0.14	0.3	-0.19	LQDT
W	0.2	0.71		-0.26	-0.17	0.51	-0.74	0.23	0.7	-0.19	W
TDUP	-0.15	0.17	-0.26		0.73	0.32	0.67	-0.24	-0.79	0.34	TDUP
EBAY	0.0	0.16	-0.17	0.73		0.23	0.45	-0.22	-0.61	0.16	EBAY
CHWY	-0.16	0.73	0.51	0.32	0.23		-0.18	0.28	0.12	-0.24	CHWY
VIPS	-0.21	-0.37	-0.74	0.67	0.45	-0.18		-0.35	-0.84	0.48	VIPS
HOUR	-0.13	0.14	0.23	-0.24	-0.22	0.28	-0.35		0.29	-0.43	HOUR
QRTEB	0.11	0.3	0.7	-0.79	-0.61	0.12	-0.84	0.29		-0.35	QRTEB
YJ	-0.15	-0.19	-0.19	0.34	0.16	-0.24	0.48	-0.43	-0.35		YJ
	DELHY	LQDT	W	TDUP	EBAY	CHWY	VIPS	HOUR	QRTEB	YJ

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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

CHWY	+ 0.73	LQDT
EBAY	+ 0.73	TDUP
W	+ 0.71	LQDT
QRTEB	+ 0.7	W
VIPS	+ 0.67	TDUP
CHWY	+ 0.51	W

High negative correlations

QRTEB	- 0.84	VIPS
QRTEB	- 0.79	TDUP
VIPS	- 0.74	W
QRTEB	- 0.61	EBAY
YJ	- 0.43	HOUR
VIPS	- 0.37	LQDT

Risk-Adjusted Indicators

There is a big difference between Rakuten Pink Sheet performing well and Rakuten 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 Rakuten'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
DELHY	2.91	(0.28)	0.00	(0.26)	0.00	0.00	5.72	(5.86)	20.91
LQDT	2.09	0.01	0.00	(0.06)	0.00	0.00	3.99	(5.65)	12.69
W	2.99	(0.57)	0.00	(0.33)	0.00	0.00	5.39	(7.62)	17.27
TDUP	4.80	0.84	0.15	0.42	4.72	(5.68)	10.64	(7.91)	53.68
EBAY	1.51	0.06	0.08	(0.14)	2.22	(1.59)	3.13	(3.29)	18.07
CHWY	2.06	0.15	0.04	0.03	2.88	(1.84)	4.00	(4.85)	12.50
VIPS	2.16	0.36	0.18	0.48	1.95	(2.61)	5.76	(3.34)	11.07
HOUR	8.03	1.85	0.27	1.18	5.61	(13.55)	11.40	(10.27)	228.92
QRTEB	4.01	(0.72)	0.00	0.40	0.00	0.00	7.87	(9.65)	28.95
YJ	3.73	(0.09)	0.00	(0.93)	0.00	0.00	8.07	(7.69)	23.97

Be your own money manager

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