Sekisui House Correlations

SKHSF Stock

USD 22.77 1.06 4.45%

The current 90-days correlation between Sekisui House and Greystone Logistics is 0.02 (i.e., Significant diversification). The correlation of Sekisui House 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.

Sekisui House Correlation With Market

Average diversification

The correlation between Sekisui House and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sekisui House and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sekisui Pink Sheet

0.83	DHI	DR Horton	Pair Corr
0.76	LEN	Lennar Fiscal Year End 12th of December 2024	Pair Corr
0.64	LEN-B	Lennar	Pair Corr
0.85	SKHSY	Sekisui House Earnings Call This Week	Pair Corr
0.74	MTH	Meritage	Pair Corr

Moving against Sekisui Pink Sheet

0.76	NFLX	Netflix Fiscal Year End 28th of January 2025	Pair Corr
0.75	PLTR	Palantir Technologies Aggressive Push	Pair Corr
0.7	NTNX	Nutanix	Pair Corr
0.66	STR	Sitio Royalties Corp	Pair Corr
0.6	MSB	Mesabi Trust	Pair Corr
0.58	DDD	3D Systems	Pair Corr
0.58	FDS	FactSet Research Systems	Pair Corr
0.33	TOL	Toll Brothers Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GLGI	MCVT	BDIMF	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	SCAXF
GLGI		0.58	0.88	0.55	0.0	-0.19	-0.36	-0.18	0.33	0.62	GLGI
MCVT	0.58		0.56	0.66	0.0	0.2	-0.53	-0.67	0.0	0.4	MCVT
BDIMF	0.88	0.56		0.63	0.0	-0.03	-0.41	-0.19	0.17	0.61	BDIMF
444859BR2	0.55	0.66	0.63		0.0	0.31	-0.54	-0.45	-0.03	0.46	444859BR2
AQUI	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.19	0.2	-0.03	0.31	0.0		-0.35	-0.45	-0.37	-0.06	BRRAY
LBHIX	-0.36	-0.53	-0.41	-0.54	0.0	-0.35		0.68	0.56	-0.35	LBHIX
MSTSX	-0.18	-0.67	-0.19	-0.45	0.0	-0.45	0.68		0.27	-0.04	MSTSX
ABHYX	0.33	0.0	0.17	-0.03	0.0	-0.37	0.56	0.27		-0.1	ABHYX
SCAXF	0.62	0.4	0.61	0.46	0.0	-0.06	-0.35	-0.04	-0.1		SCAXF
	GLGI	MCVT	BDIMF	444859BR2	AQUI	BRRAY	LBHIX	MSTSX	ABHYX	SCAXF

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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

BDIMF	+ 0.88	GLGI
MSTSX	+ 0.68	LBHIX
444859BR2	+ 0.66	MCVT
444859BR2	+ 0.63	BDIMF
SCAXF	+ 0.62	GLGI
SCAXF	+ 0.61	BDIMF

High negative correlations

MSTSX	- 0.67	MCVT
LBHIX	- 0.54	444859BR2
LBHIX	- 0.53	MCVT
MSTSX	- 0.45	BRRAY
MSTSX	- 0.45	444859BR2
LBHIX	- 0.41	BDIMF

Risk-Adjusted Indicators

There is a big difference between Sekisui Pink Sheet performing well and Sekisui House 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 Sekisui House'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
GLGI	3.17	(0.60)	0.00	(0.99)	0.00	0.00	5.45	(6.78)	22.42
MCVT	3.71	(0.58)	0.00	(0.28)	0.00	0.00	7.50	(7.98)	26.63
BDIMF	1.00	(0.28)	0.00	(0.98)	0.00	0.00	2.22	(3.89)	9.87
444859BR2	1.36	(0.03)	0.00	0.24	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.14)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
LBHIX	0.12	0.02	(0.44)	1.66	0.00	(0.28)	0.24	(0.24)	0.96
MSTSX	0.49	0.04	(0.14)	(0.75)	0.52	(0.61)	1.21	(1.02)	2.80
ABHYX	0.18	0.01	(0.25)	0.25	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.97)	0.00	0.00	0.00	0.00	23.47

Be your own money manager

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