Sony Group Correlations

SONY Stock

USD 25.23 0.34 1.37%

The current 90-days correlation between Sony Group Corp and Samsung Electronics Co is -0.02 (i.e., Good diversification). The correlation of Sony Group 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.

Sony Group Correlation With Market

Very weak diversification

The correlation between Sony Group Corp and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sony Group Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sony Group Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Sony Stock

0.83	HAS	Hasbro Inc	Pair Corr
0.81	MAT	Mattel Inc	Pair Corr

Moving against Sony Stock

0.89	DOOO	BRP Inc Earnings Call This Week	Pair Corr
0.84	NVR	NVR Inc	Pair Corr
0.82	OXM	Oxford Industries Earnings Call This Week	Pair Corr
0.81	PVH	PVH Corp	Pair Corr
0.78	DHI	DR Horton	Pair Corr
0.75	CRI	Carters	Pair Corr
0.72	BZH	Beazer Homes USA	Pair Corr
0.7	MHO	MI Homes	Pair Corr
0.69	DTC	Solo Brands	Pair Corr
0.68	PHM	PulteGroup	Pair Corr
0.67	LEN	Lennar	Pair Corr
0.66	KBH	KB Home	Pair Corr
0.62	KTB	Kontoor Brands	Pair Corr
0.55	VNCE	Vince Holding Corp	Pair Corr
0.45	CCS	Century Communities	Pair Corr
0.36	FORD	Forward Industries	Pair Corr
0.87	WWW	Wolverine World Wide	Pair Corr
0.86	DECK	Deckers Outdoor	Pair Corr
0.82	JOUT	Johnson Outdoors	Pair Corr
0.77	GIII	G III Apparel	Pair Corr
0.76	LGIH	LGI Homes	Pair Corr
0.76	UEIC	Universal Electronics	Pair Corr
0.74	TOL	Toll Brothers	Pair Corr
0.74	SONO	Sonos Inc	Pair Corr
0.7	GOLF	Acushnet Holdings Corp	Pair Corr
0.7	ONON	On Holding	Pair Corr
0.7	SHOO	Steven Madden	Pair Corr
0.68	VRA	Vera Bradley	Pair Corr
0.65	SKX	Skechers USA	Pair Corr
0.52	RCKY	Rocky Brands	Pair Corr

Related Correlations Analysis

	UEIC	VZIO	VOXX	SSNLF	SHCAF	TCLHF	LPL	SHCAY	PCRFF	VUZI
UEIC		0.0	-0.09	-0.42	-0.83	-0.8	-0.22	-0.58	-0.83	0.74	UEIC
VZIO	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	VZIO
VOXX	-0.09	0.0		-0.42	0.26	-0.02	0.0	0.34	0.29	-0.31	VOXX
SSNLF	-0.42	0.0	-0.42		0.33	0.66	0.18	-0.09	0.29	-0.11	SSNLF
SHCAF	-0.83	0.0	0.26	0.33		0.74	0.43	0.69	0.94	-0.51	SHCAF
TCLHF	-0.8	0.0	-0.02	0.66	0.74		0.31	0.28	0.7	-0.56	TCLHF
LPL	-0.22	0.0	0.0	0.18	0.43	0.31		0.22	0.4	0.0	LPL
SHCAY	-0.58	0.0	0.34	-0.09	0.69	0.28	0.22		0.69	-0.3	SHCAY
PCRFF	-0.83	0.0	0.29	0.29	0.94	0.7	0.4	0.69		-0.5	PCRFF
VUZI	0.74	0.0	-0.31	-0.11	-0.51	-0.56	0.0	-0.3	-0.5		VUZI
	UEIC	VZIO	VOXX	SSNLF	SHCAF	TCLHF	LPL	SHCAY	PCRFF	VUZI

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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

PCRFF	+ 0.94	SHCAF
VUZI	+ 0.74	UEIC
TCLHF	+ 0.74	SHCAF
PCRFF	+ 0.7	TCLHF
SHCAY	+ 0.69	SHCAF
PCRFF	+ 0.69	SHCAY

High negative correlations

PCRFF	- 0.83	UEIC
SHCAF	- 0.83	UEIC
TCLHF	- 0.8	UEIC
SHCAY	- 0.58	UEIC
VUZI	- 0.56	TCLHF
VUZI	- 0.51	SHCAF

Risk-Adjusted Indicators

There is a big difference between Sony Stock performing well and Sony Group 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 Sony Group'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
UEIC	1.95	(0.71)	0.00	(0.59)	0.00	0.00	3.80	(4.51)	18.98
VZIO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VOXX	0.40	(0.03)	0.00	(0.28)	0.00	0.00	0.55	(0.81)	10.49
SSNLF	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.62
SHCAF	0.21	0.09	0.00	(0.76)	0.00	0.00	0.00	0.00	7.18
TCLHF	2.44	0.64	0.12	1.58	2.51	(5.10)	6.98	(4.94)	23.24
LPL	1.57	0.07	0.04	0.02	2.14	(1.51)	2.75	(2.77)	10.87
SHCAY	1.96	0.15	0.07	0.37	2.43	(2.16)	4.67	(4.03)	14.93
PCRFF	2.64	0.40	0.16	(7.96)	2.63	(2.94)	6.90	(4.21)	15.34
VUZI	6.29	0.00	0.00	(0.07)	0.00	0.00	18.28	(11.96)	45.92

Sony Group Corporate Management

Keiichiro Shimada	SVP Exec	Profile
Sakie Akiyama	Independent Director	Profile
Adam Crozier	Independent Director	Profile
Kazuo Matsunaga	Vice Chairman of the Executive Board, Independent Director	Profile
Justin Hill	Senior Relations	Profile
Yoshihiko Hatanaka	Independent Director	Profile

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