Square Enix Correlations

SQNXF Stock

USD 45.44 3.75 7.62%

The current 90-days correlation between Square Enix Holdings and CD Projekt SA is -0.08 (i.e., Good diversification). The correlation of Square Enix 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.

Square Enix Correlation With Market

Average diversification

The correlation between Square Enix Holdings 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 Square Enix Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Square Pink Sheet

0.48	RBLX	Roblox Corp	Pair Corr
0.44	STI	Solidion Technology	Pair Corr
0.79	NTRP	NextTrip Symbol Change	Pair Corr
0.66	BCLI	Brainstorm Cell Ther	Pair Corr
0.41	U4R90AAB4	HLF 4875 01	Pair Corr

Related Correlations Analysis

	OTGLF	SGAMY	CCOEY	THQQF	MIXIF	NEXOY	SQNNY	CCOEF	OTGLY	KNAMF
OTGLF		-0.14	0.73	-0.14	0.0	-0.15	0.38	0.63	0.33	0.0	OTGLF
SGAMY	-0.14		0.38	-0.2	0.0	-0.32	0.68	0.17	0.6	0.0	SGAMY
CCOEY	0.73	0.38		-0.27	0.0	-0.24	0.76	0.67	0.7	0.0	CCOEY
THQQF	-0.14	-0.2	-0.27		0.0	0.13	-0.27	-0.25	-0.11	0.0	THQQF
MIXIF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MIXIF
NEXOY	-0.15	-0.32	-0.24	0.13	0.0		-0.32	-0.01	-0.55	0.0	NEXOY
SQNNY	0.38	0.68	0.76	-0.27	0.0	-0.32		0.51	0.77	0.0	SQNNY
CCOEF	0.63	0.17	0.67	-0.25	0.0	-0.01	0.51		0.44	0.0	CCOEF
OTGLY	0.33	0.6	0.7	-0.11	0.0	-0.55	0.77	0.44		0.0	OTGLY
KNAMF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		KNAMF
	OTGLF	SGAMY	CCOEY	THQQF	MIXIF	NEXOY	SQNNY	CCOEF	OTGLY	KNAMF

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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

OTGLY	+ 0.77	SQNNY
SQNNY	+ 0.76	CCOEY
CCOEY	+ 0.73	OTGLF
OTGLY	+ 0.7	CCOEY
SQNNY	+ 0.68	SGAMY
CCOEF	+ 0.67	CCOEY

High negative correlations

OTGLY	- 0.55	NEXOY
SQNNY	- 0.32	NEXOY
NEXOY	- 0.32	SGAMY
SQNNY	- 0.27	THQQF
THQQF	- 0.27	CCOEY
CCOEF	- 0.25	THQQF

Risk-Adjusted Indicators

There is a big difference between Square Pink Sheet performing well and Square Enix 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 Square Enix'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
OTGLF	1.12	0.44	0.00	(0.28)	0.00	0.00	3.89	(0.34)	13.71
SGAMY	1.86	0.22	0.09	(1.73)	2.08	(2.30)	4.24	(3.00)	18.33
CCOEY	1.53	0.15	0.07	0.31	2.07	(1.67)	4.48	(3.50)	14.85
THQQF	32.34	14.04	0.38	0.74	14.65	(69.69)	6.10	(10.75)	1,071
MIXIF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NEXOY	1.36	(0.06)	0.00	(0.24)	0.00	0.00	3.05	(4.20)	11.39
SQNNY	1.60	0.25	0.05	4.85	1.92	(5.93)	6.72	(5.75)	19.63
CCOEF	0.90	0.26	0.00	0.58	0.00	0.00	0.00	0.00	15.31
OTGLY	2.13	0.52	0.21	0.88	2.20	(2.31)	4.15	(4.12)	12.85
KNAMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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

Michihiro Sasaki	Executive Managing Officer of Corporate Planning	Profile
Tsuneto Okuno	Executive Officer	Profile
Hajime Seki	Chief Officer	Profile
Koji Taguchi	Sr Officer	Profile
Atsushi Matsuda	Chief Officer	Profile
Hideaki Sato	Chief Officer	Profile

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