Sekisui House Correlations
| SKHSY Stock | USD 23.72 0.39 1.67% |
The current 90-days correlation between Sekisui House and Barratt Developments PLC is 0.35 (i.e., Weak 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Sekisui House Correlation With Market
Average diversification
The correlation between Sekisui House Ltd and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sekisui House Ltd and DJI in the same portfolio, assuming nothing else is changed.
Sekisui |
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 Ltd to buy it.
Moving together with Sekisui Pink Sheet
| 0.89 | DHI | DR Horton | PairCorr |
| 0.71 | LEN-B | Lennar | PairCorr |
| 0.85 | LEN | Lennar Fiscal Year End 12th of December 2024 | PairCorr |
| 0.63 | PHM | PulteGroup | PairCorr |
| 0.89 | SKHSF | Sekisui House Earnings Call This Week | PairCorr |
| 0.81 | MTH | Meritage | PairCorr |
| 0.65 | LNDNF | Lundin Energy AB | PairCorr |
| 0.71 | BKLRF | Berkeley Energy | PairCorr |
Moving against Sekisui Pink Sheet
| 0.32 | TOL | Toll Brothers Earnings Call Tomorrow | PairCorr |
| 0.83 | OZK | Bank Ozk Fiscal Year End 16th of January 2025 | PairCorr |
| 0.8 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.8 | OPFI | OppFi Inc | PairCorr |
| 0.8 | CRM | Salesforce Earnings Call Tomorrow | PairCorr |
| 0.78 | NDAQ | Nasdaq Inc Sell-off Trend | PairCorr |
| 0.77 | FTNT | Fortinet | PairCorr |
| 0.74 | DECK | Deckers Outdoor | PairCorr |
| 0.71 | HIMS | Hims Hers Health Trending | PairCorr |
| 0.57 | OMIC | Singular Genomics Systems | PairCorr |
| 0.57 | BIVI | Biovie Inc | PairCorr |
| 0.55 | MBOT | Microbot Medical | PairCorr |
| 0.54 | ESLAW | Estrella Immunopharma | PairCorr |
| 0.44 | MET | MetLife Sell-off Trend | PairCorr |
| 0.44 | HTZ | Hertz Global Holdings Buyout Trend | PairCorr |
| 0.36 | KODK | Eastman Kodak Trending | PairCorr |
| 0.87 | PANW | Palo Alto Networks | PairCorr |
| 0.86 | RDDT | Reddit, | PairCorr |
| 0.85 | MSTR | MicroStrategy Incorporated | PairCorr |
| 0.8 | NVDA | NVIDIA | PairCorr |
| 0.74 | TATT | Tat Techno | PairCorr |
| 0.73 | MCW | Mister Car Wash | PairCorr |
Related Correlations Analysis
| 0.51 | 0.83 | 0.95 | 0.17 | 0.51 | BTDPY | ||
| 0.51 | 0.41 | 0.57 | -0.01 | 0.29 | CYRBY | ||
| 0.83 | 0.41 | 0.74 | 0.32 | 0.28 | BTDPF | ||
| 0.95 | 0.57 | 0.74 | 0.03 | 0.6 | PSMMY | ||
| 0.17 | -0.01 | 0.32 | 0.03 | -0.55 | CNRFF | ||
| 0.51 | 0.29 | 0.28 | 0.6 | -0.55 | PHM | ||
| 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
| High negative correlations
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BTDPY | 1.45 | (0.27) | 0.00 | (1.19) | 0.00 | 3.01 | 8.42 | |||
| CYRBY | 2.09 | (0.45) | 0.00 | (2.43) | 0.00 | 4.26 | 12.89 | |||
| BTDPF | 0.36 | (0.23) | 0.00 | (1.32) | 0.00 | 0.00 | 5.82 | |||
| PSMMY | 1.54 | (0.45) | 0.00 | 45.73 | 0.00 | 2.75 | 12.32 | |||
| CNRFF | 3.44 | 0.15 | 0.00 | 0.05 | 0.00 | 0.00 | 76.70 | |||
| PHM | 1.38 | 0.00 | (0.03) | 0.13 | 1.96 | 2.91 | 10.37 |
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.Did you try this?
Run Global Markets Map Now
Global Markets MapGet a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
| All Next | Launch Module |