Shionogi Correlations

SGIOF Stock

USD 13.45 1.55 10.33%

The correlation of Shionogi 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.

Shionogi Correlation With Market

Average diversification

The correlation between Shionogi Co and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shionogi Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Shionogi Pink Sheet

0.65	TAK	Takeda Pharmaceutical Sell-off Trend	Pair Corr
0.74	HLN	Haleon plc	Pair Corr
0.69	HLNCF	Haleon plc	Pair Corr
0.7	FARM	Farmer Bros	Pair Corr
0.64	COOTW	Australian Oilseeds	Pair Corr
0.68	SGAPY	Singapore Telecommunicatio	Pair Corr
0.65	CLLNY	Cellnex Telecom SA	Pair Corr
0.64	SR	Spire Inc	Pair Corr
0.71	AONNY	Aeon Co	Pair Corr
0.63	BACQU	Bleichroeder Acquisition	Pair Corr

Moving against Shionogi Pink Sheet

0.75	TEVA	Teva Pharma Industries	Pair Corr
0.68	TEVA	Teva Pharmaceutical	Pair Corr
0.62	QMCO	Quantum Trending	Pair Corr
0.49	CHNXF	ChitogenX	Pair Corr
0.4	HLTC	HealthCare	Pair Corr
0.38	ENMI	Energy Management	Pair Corr
0.62	MVST	Microvast Holdings	Pair Corr
0.6	SES	SES AI Corp	Pair Corr
0.33	SOHOO	Sotherly Hotels Pref	Pair Corr

Related Correlations Analysis

	TAIPY	OASMY	ACOR	PCRX	SGIOY	SBFM	ALIM	SXTC	GHSI	CRLBF
TAIPY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TAIPY
OASMY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	OASMY
ACOR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	ACOR
PCRX	0.0	0.0	0.0		0.39	-0.51	0.0	0.04	0.0	-0.04	PCRX
SGIOY	0.0	0.0	0.0	0.39		-0.68	0.0	0.35	0.0	-0.65	SGIOY
SBFM	0.0	0.0	0.0	-0.51	-0.68		0.0	-0.06	0.0	0.59	SBFM
ALIM	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ALIM
SXTC	0.0	0.0	0.0	0.04	0.35	-0.06	0.0		0.0	-0.1	SXTC
GHSI	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	GHSI
CRLBF	0.0	0.0	0.0	-0.04	-0.65	0.59	0.0	-0.1	0.0		CRLBF
	TAIPY	OASMY	ACOR	PCRX	SGIOY	SBFM	ALIM	SXTC	GHSI	CRLBF

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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

CRLBF	+ 0.59	SBFM
SGIOY	+ 0.39	PCRX
SXTC	+ 0.35	SGIOY
SXTC	+ 0.04	PCRX
OASMY	+ 0.0	TAIPY
ACOR	+ 0.0	TAIPY

High negative correlations

SBFM	- 0.68	SGIOY
CRLBF	- 0.65	SGIOY
SBFM	- 0.51	PCRX
CRLBF	- 0.1	SXTC
SXTC	- 0.06	SBFM
CRLBF	- 0.04	PCRX

Risk-Adjusted Indicators

There is a big difference between Shionogi Pink Sheet performing well and Shionogi 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 Shionogi'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
TAIPY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OASMY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ACOR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PCRX	2.06	0.33	0.15	1.06	2.27	(2.19)	4.65	(4.11)	16.33
SGIOY	1.30	0.12	0.10	1.71	2.03	(1.52)	2.89	(2.62)	12.13
SBFM	3.13	(0.21)	0.00	(0.21)	0.00	0.00	7.91	(7.36)	24.99
ALIM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SXTC	8.03	1.11	0.11	0.45	8.85	(11.48)	12.64	(10.61)	180.99
GHSI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRLBF	3.97	(0.29)	0.00	(0.28)	0.00	0.00	9.64	(7.37)	28.30

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

Kohji Hanasaki	Sr Division	Profile
Kazuhiro Hatanaka	Executive Officer	Profile
Ryuichi Kiyama	Executive Officer	Profile
Yoshihiro Furuya	VP Office	Profile
John Keller	Executive Officer	Profile
Takeshi Shiota	Executive Officer	Profile

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