Yoshitsu Correlations

TKLF Stock

USD 3.43 0.05 1.48%

The current 90-days correlation between Yoshitsu and European Wax Center is 0.32 (i.e., Weak diversification). The correlation of Yoshitsu 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.

Yoshitsu Correlation With Market

Significant diversification

The correlation between Yoshitsu Co Ltd 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 Yoshitsu Co Ltd 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 Yoshitsu Co Ltd. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving against Yoshitsu Stock

0.32

HLF

Herbalife Nutrition

Pair Corr

Related Correlations Analysis

	IPAR	EWCZ	YSG	BRSH	EPC	NTCO	EL	ELF	NWL
IPAR		0.77	-0.64	0.0	0.26	0.0	0.53	0.11	0.27	IPAR
EWCZ	0.77		-0.79	0.0	0.1	0.0	0.38	0.22	0.31	EWCZ
YSG	-0.64	-0.79		0.0	-0.05	0.0	-0.29	-0.21	-0.31	YSG
BRSH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	BRSH
EPC	0.26	0.1	-0.05	0.0		0.0	0.72	0.81	0.83	EPC
NTCO	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NTCO
EL	0.53	0.38	-0.29	0.0	0.72	0.0		0.59	0.67	EL
ELF	0.11	0.22	-0.21	0.0	0.81	0.0	0.59		0.93	ELF
NWL	0.27	0.31	-0.31	0.0	0.83	0.0	0.67	0.93		NWL
	IPAR	EWCZ	YSG	BRSH	EPC	NTCO	EL	ELF	NWL

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

NWL	+ 0.93	ELF
NWL	+ 0.83	EPC
ELF	+ 0.81	EPC
EWCZ	+ 0.77	IPAR
EL	+ 0.72	EPC
NWL	+ 0.67	EL

High negative correlations

YSG	- 0.79	EWCZ
YSG	- 0.64	IPAR
NWL	- 0.31	YSG
EL	- 0.29	YSG
ELF	- 0.21	YSG
EPC	- 0.05	YSG

Risk-Adjusted Indicators

There is a big difference between Yoshitsu Stock performing well and Yoshitsu 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 Yoshitsu'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
IPAR	1.61	(0.11)	0.00	(0.17)	0.00	0.00	2.91	(3.28)	9.65
EWCZ	2.95	(0.42)	0.00	(0.28)	0.00	0.00	5.04	(6.31)	28.27
YSG	3.79	0.15	0.03	0.10	4.78	(3.89)	8.71	(7.45)	25.48
BRSH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EPC	1.35	(0.24)	0.00	(0.62)	0.00	0.00	1.84	(2.90)	11.61
NTCO	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EL	1.98	(0.17)	0.00	(0.28)	0.00	0.00	4.77	(4.13)	20.84
ELF	3.02	(1.04)	0.00	(0.85)	0.00	0.00	5.36	(6.67)	25.41
NWL	2.07	(0.62)	0.00	(0.52)	0.00	0.00	2.49	(4.40)	28.90

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC