Sekisui Chemical Correlations

SKSUF Stock

USD 17.72 1.76 11.03%

The current 90-days correlation between Sekisui Chemical and Ayala is -0.01 (i.e., Good diversification). The correlation of Sekisui Chemical 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.

The ability to find closely correlated positions to Sekisui Chemical 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 Chemical 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 Chemical - 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 Chemical Co to buy it.

Moving together with Sekisui Pink Sheet

0.75	STI	Solidion Technology Symbol Change	Pair Corr
0.83	SATX	SatixFy Communications	Pair Corr
0.73	RGTI	Rigetti Computing Aggressive Push	Pair Corr
0.73	NXU	Nxu Inc	Pair Corr
0.71	BZUSD	Brent Crude Oil	Pair Corr
0.73	COEP	Coeptis Therapeutics	Pair Corr

Moving against Sekisui Pink Sheet

0.65	CTPCY	Citic Ltd ADR	Pair Corr
0.55	ITOCY	Itochu Corp ADR	Pair Corr
0.53	MSBHF	Mitsubishi Corp	Pair Corr
0.49	ITOCF	ITOCHU	Pair Corr
0.46	AAGH	America Great Health	Pair Corr
0.43	NNAX	New Momentum	Pair Corr
0.42	HTHIY	Hitachi Ltd ADR	Pair Corr
0.52	MMAT	Meta Materials	Pair Corr
0.36	BLSP	Blue Sphere Corp	Pair Corr
0.5	CVNA	Carvana	Pair Corr

Related Correlations Analysis

	ARVY	AYYLF	APTL	AYALY	ALGGY	CIBY	EFSH
ARVY		-0.91	0.01	0.57	0.81	0.59	0.41	ARVY
AYYLF	-0.91		0.1	-0.57	-0.85	-0.62	-0.45	AYYLF
APTL	0.01	0.1		-0.07	-0.24	0.35	-0.46	APTL
AYALY	0.57	-0.57	-0.07		0.47	0.43	0.25	AYALY
ALGGY	0.81	-0.85	-0.24	0.47		0.4	0.52	ALGGY
CIBY	0.59	-0.62	0.35	0.43	0.4		-0.06	CIBY
EFSH	0.41	-0.45	-0.46	0.25	0.52	-0.06		EFSH
	ARVY	AYYLF	APTL	AYALY	ALGGY	CIBY	EFSH

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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

ALGGY	+ 0.81	ARVY
CIBY	+ 0.59	ARVY
AYALY	+ 0.57	ARVY
EFSH	+ 0.52	ALGGY
ALGGY	+ 0.47	AYALY
CIBY	+ 0.43	AYALY

High negative correlations

AYYLF	- 0.91	ARVY
ALGGY	- 0.85	AYYLF
CIBY	- 0.62	AYYLF
AYALY	- 0.57	AYYLF
EFSH	- 0.46	APTL
EFSH	- 0.45	AYYLF

Risk-Adjusted Indicators

There is a big difference between Sekisui Pink Sheet performing well and Sekisui Chemical 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 Chemical'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ARVY	0.57	(0.31)	(1.22)	0.00	0.00	19.23
AYYLF	0.39	0.19	(2.06)	0.00	0.00	12.94
APTL	0.18	0.02	0.23	0.72	(0.04)	4.30
AYALY	0.93	(0.34)	(24.77)	0.00	(1.54)	32.59
ALGGY	0.92	(0.19)	(1.26)	1.77	(4.98)	13.98
CIBY	0.53	(0.08)	(0.72)	0.00	(1.32)	22.36
EFSH	17.11	(2.01)	0.47	24.44	(46.23)	260.66

Be your own money manager

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