SEIKO EPSON Correlations

SE7S Stock

EUR 7.45 0.05 0.67%

The current 90-days correlation between SEIKO EPSON PADR and Dairy Farm International is 0.03 (i.e., Significant diversification). The correlation of SEIKO EPSON 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.

SEIKO EPSON Correlation With Market

Good diversification

The correlation between SEIKO EPSON PADR and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SEIKO EPSON PADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SEIKO Stock

0.68	DT8A	Datalogic SpA	Pair Corr
0.82	27J	Impinj Inc	Pair Corr
0.8	27J	Impinj Inc	Pair Corr
0.62	CXT	Carmat SA	Pair Corr
0.84	ADH2	Air Canada	Pair Corr
0.82	DBPD	Xtrackers ShortDAX	Pair Corr

Moving against SEIKO Stock

0.82	DBPE	Xtrackers LevDAX	Pair Corr
0.79	E908	Lyxor 1	Pair Corr
0.76	6C2	Corsair Gaming	Pair Corr
0.71	9EL	ELECOM LTD	Pair Corr
0.68	MUB	Mühlbauer Holding	Pair Corr

Related Correlations Analysis

	CFC	N5Z	3TY	DFA1	HNC	AY5	OIA	NUF
CFC		-0.4	-0.2	-0.45	0.0	0.2	0.0	-0.08	CFC
N5Z	-0.4		-0.06	0.67	0.0	-0.81	0.0	-0.47	N5Z
3TY	-0.2	-0.06		0.21	0.0	0.01	0.0	0.59	3TY
DFA1	-0.45	0.67	0.21		0.0	-0.62	0.0	-0.12	DFA1
HNC	0.0	0.0	0.0	0.0		0.0	1.0	0.0	HNC
AY5	0.2	-0.81	0.01	-0.62	0.0		0.0	0.45	AY5
OIA	0.0	0.0	0.0	0.0	1.0	0.0		0.0	OIA
NUF	-0.08	-0.47	0.59	-0.12	0.0	0.45	0.0		NUF
	CFC	N5Z	3TY	DFA1	HNC	AY5	OIA	NUF

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

OIA	+ 1.0	HNC
DFA1	+ 0.67	N5Z
NUF	+ 0.59	3TY
NUF	+ 0.45	AY5
DFA1	+ 0.21	3TY
AY5	+ 0.2	CFC

High negative correlations

AY5	- 0.81	N5Z
AY5	- 0.62	DFA1
NUF	- 0.47	N5Z
DFA1	- 0.45	CFC
N5Z	- 0.4	CFC
3TY	- 0.2	CFC

Risk-Adjusted Indicators

There is a big difference between SEIKO Stock performing well and SEIKO EPSON 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 SEIKO EPSON'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
CFC	2.43	0.04	0.03	(0.15)	2.81	(3.89)	4.49	(5.10)	35.80
N5Z	1.74	(0.36)	0.00	1.70	0.00	0.00	4.02	(5.33)	13.69
3TY	2.85	0.20	0.06	0.32	3.19	(3.42)	6.35	(5.04)	21.24
DFA1	1.70	0.01	0.00	(0.05)	0.00	0.00	3.13	(4.04)	15.40
HNC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AY5	0.90	0.08	0.11	(0.67)	0.84	(1.75)	2.35	(1.25)	6.95
OIA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NUF	1.40	0.00	0.04	(0.05)	1.55	(1.67)	2.88	(2.78)	7.46

Be your own money manager

Our tools can tell you how much better you can do entering a position in SEIKO EPSON 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?

Run Latest Portfolios Now

Latest Portfolios

Quick portfolio dashboard that showcases your latest portfolios

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC