Rohm Co Correlations
| ROHCY Stock | USD 8.99 0.06 0.66% |
The current 90-days correlation between Rohm Co and Alphawave IP Group is -0.11 (i.e., Good diversification). The correlation of Rohm Co 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.
Rohm Co Correlation With Market
Significant diversification
The correlation between Rohm Co Ltd and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Rohm Co Ltd and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Rohm Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rohm Co 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 Rohm Co - 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 Rohm Co Ltd to buy it.
Moving together with Rohm Pink Sheet
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| 0.83 | HYMTF | Hyundai Motor | PairCorr |
Moving against Rohm Pink Sheet
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| 0.46 | NVDA | NVIDIA | PairCorr |
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| 0.86 | TSLA | Tesla Inc Fiscal Year End 22nd of January 2025 | PairCorr |
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| 0.8 | YLWDF | Yellow Pages Limited | PairCorr |
| 0.77 | BMY | Bristol Myers Squibb Aggressive Push | PairCorr |
| 0.76 | DYAI | Dyadic International | PairCorr |
| 0.73 | GLABF | Gemina Laboratories Earnings Call This Week | PairCorr |
| 0.67 | CEROW | CERo Therapeutics Symbol Change | PairCorr |
| 0.64 | RCMT | RCM Technologies | PairCorr |
| 0.44 | YMM | Full Truck Alliance | PairCorr |
| 0.39 | PSQH | PSQ Holdings | PairCorr |
| 0.93 | VCEL | Vericel Corp Ord | PairCorr |
| 0.92 | CBSH | Commerce Bancshares Fiscal Year End 16th of January 2025 | PairCorr |
| 0.91 | GIFI | Gulf Island Fabrication | PairCorr |
| 0.88 | RBCAA | Republic Bancorp | PairCorr |
| 0.87 | C | Citigroup Fiscal Year End 10th of January 2025 | PairCorr |
| 0.86 | NTRA | Natera Inc | PairCorr |
Related Correlations Analysis
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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 Rohm Pink Sheet performing well and Rohm Co 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 Rohm Co'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AWEVF | 4.39 | (0.51) | 0.00 | (0.31) | 0.00 | 10.39 | 37.22 | |||
| AIP | 2.63 | 0.34 | 0.14 | 0.14 | 2.59 | 5.76 | 25.32 | |||
| ODII | 5.05 | 1.60 | 0.00 | (0.53) | 0.00 | 16.67 | 29.00 | |||
| ROHCY | 1.72 | (0.27) | 0.00 | (9.36) | 0.00 | 2.98 | 12.24 | |||
| AMSSY | 6.38 | (0.27) | 0.00 | (0.39) | 0.00 | 16.59 | 60.41 | |||
| ICG | 5.39 | 0.85 | 0.11 | 0.33 | 7.47 | 15.09 | 61.05 | |||
| GUER | 5.93 | (0.50) | 0.00 | (0.93) | 0.00 | 14.29 | 54.44 | |||
| NVEC | 1.49 | (0.03) | (0.01) | 0.00 | 1.97 | 2.82 | 16.16 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Rohm Co 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.Did you try this?
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Rohm Co Corporate Management
| Tetsuo Aoki | Co Headquarters | Profile | |
| Tetsuo Tateishi | CTO Officer | Profile | |
| Kazuhide Ino | CSO, Officer | Profile | |
| Koji Yamamoto | Director Officer | Profile |