TDK Correlations

Stocks . Germany . 
Stock . TDK Corporation
TDK Stock  EUR 9.84  0.07  0.72%   
The current 90-days correlation between TDK Corporation and Mount Gibson Iron is 0.21 (i.e., Modest diversification). The correlation of TDK 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.

TDK Correlation With Market

Significant diversification

The correlation between TDK Corp. and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding TDK Corp. and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to TDK could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TDK 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 TDK - 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 TDK Corporation to buy it.

Moving together with TDK Stock

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  0.678VY SCANDION ONC DKPairCorr
  0.9DBPD Xtrackers ShortDAXPairCorr

Moving against TDK Stock

  0.9DBPE Xtrackers LevDAXPairCorr
  0.89KB9 KBC Ancora SCAPairCorr
  0.88RHM Rheinmetall AGPairCorr
  0.86AG1 AUTO1 Group SEPairCorr
  0.85STD STANDARD CHARTEREDPairCorr
  0.84MM0 MONETA MONEY BANKPairCorr
  0.8E908 Lyxor 1PairCorr
  0.78SVM Sovereign MetalsPairCorr
  0.77SXC Sunny Optical TechnologyPairCorr
  0.75GOC Star Diamond Earnings Call This WeekPairCorr
  0.73LL6 MTN GROUPPairCorr
  0.72VVDH Veolia EnvironnementPairCorr
  0.66WY8 Universal Health RealtyPairCorr
  0.63CJH CanSino BiologicsPairCorr
  0.62CMW CHINA M SRVCS Earnings Call This WeekPairCorr
  0.55ENI Eni SpAPairCorr
  0.53ODQ ODYSSEY GOLD LTDPairCorr
  0.45MUR1 Murata ManufacturingPairCorr
  0.43INL IntelPairCorr

Related Correlations Analysis

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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   
RHRD
+ 1.0
4KH
GNV
+ 0.55
4U6
SD5
+ 0.33
FWQ
SD5
+ 0.26
4U6
J9R
+ 0.07
FWQ
GNV
+ 0.06
J9R
  
High negative correlations   
J9R
- 0.43
SD5
J9R
- 0.3
4U6
GNV
- 0.25
FWQ
GNV
- 0.06
SD5
4U6
- 0.01
FWQ
RHRD
- 0.0
GNV

Risk-Adjusted Indicators

There is a big difference between TDK Stock performing well and TDK 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 TDK'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.

Be your own money manager

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

Elected by the shareholders, the TDK's board of directors comprises two types of representatives: TDK inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TDK. The board's role is to monitor TDK's management team and ensure that shareholders' interests are well served. TDK's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, TDK's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ikuo FukuchiGlobal OfficerProfile
Sumio MarukawaGen HqProfile
Andreas KellerVP HQProfile
Shigeki SatoVP DirectorProfile
Kim OngCo OfficerProfile
Joachim ThieleCo OfficerProfile
Shigenao IshiguroChairmanProfile
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