Toho Co Correlations
| TOH Stock | EUR 43.20 0.40 0.93% |
The current 90-days correlation between Toho Co and Kingdee International Software is 0.02 (i.e., Significant diversification). The correlation of Toho Co 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.
Toho Co Correlation With Market
Average diversification
The correlation between Toho Co and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toho Co and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Toho Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Toho Co 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 Toho Co - 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 Toho Co to buy it.
Moving together with Toho Stock
| 0.79 | EVD | CTS Eventim AG | PairCorr |
| 0.89 | FTN | Fuji Media Holdings | PairCorr |
| 0.63 | 4RW | Rai Way SpA Earnings Call This Week | PairCorr |
| 0.66 | 07M | China Modern Dairy | PairCorr |
| 0.87 | UWS | Waste Management | PairCorr |
| 0.68 | RRTU | RTL GROUP UNSPADR | PairCorr |
| 0.76 | MM0 | MONETA MONEY BANK | PairCorr |
| 0.7 | AG1 | AUTO1 Group SE | PairCorr |
| 0.74 | IFX | Infineon Technologies | PairCorr |
| 0.83 | WPHB | Warehouses De Pauw | PairCorr |
| 0.63 | AF4 | Hanover Insurance | PairCorr |
| 0.66 | T04 | TITOMIC LTD | PairCorr |
| 0.78 | OTP | OTP Bank Nyrt | PairCorr |
| 0.72 | NST | STEULER FLIESENGRUPPE | PairCorr |
Moving against Toho Stock
| 0.66 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.6 | TCID | Telkom Indonesia Tbk Earnings Call This Week | PairCorr |
| 0.58 | BZG2 | PT Bank Central | PairCorr |
| 0.52 | PTI | Perusahaan Perseroan Earnings Call This Week | PairCorr |
| 0.39 | BYRA | PT Bank Rakyat | PairCorr |
| 0.36 | ZZA | Cinemark Holdings | PairCorr |
Related Correlations Analysis
| 0.0 | 0.53 | -0.61 | 0.78 | -0.31 | 0.94 | KDIC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GM6 | ||
| 0.53 | 0.0 | -0.43 | 0.49 | -0.27 | 0.5 | FJZ | ||
| -0.61 | 0.0 | -0.43 | -0.51 | 0.67 | -0.65 | YZC | ||
| 0.78 | 0.0 | 0.49 | -0.51 | -0.16 | 0.77 | P4Q | ||
| -0.31 | 0.0 | -0.27 | 0.67 | -0.16 | -0.37 | HNM | ||
| 0.94 | 0.0 | 0.5 | -0.65 | 0.77 | -0.37 | A2X | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Toho Stock performing well and Toho Co 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 Toho Co'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KDIC | 3.25 | 0.76 | 0.23 | 5.30 | 2.87 | 8.18 | 23.40 | |||
| GM6 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FJZ | 2.26 | 0.12 | 0.09 | (0.43) | 2.60 | 6.15 | 12.11 | |||
| YZC | 1.64 | (0.17) | 0.00 | 21.16 | 0.00 | 3.81 | 13.44 | |||
| P4Q | 1.75 | 0.16 | 0.13 | (0.92) | 1.92 | 4.02 | 9.18 | |||
| HNM | 1.40 | (0.19) | 0.00 | 0.52 | 0.00 | 2.71 | 6.40 | |||
| A2X | 3.04 | 0.47 | 0.18 | (0.90) | 3.06 | 8.07 | 18.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Toho Co 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.Did you try this?
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Toho Co Corporate Management
Elected by the shareholders, the Toho Co's board of directors comprises two types of representatives: Toho Co inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Toho. The board's role is to monitor Toho Co's management team and ensure that shareholders' interests are well served. Toho Co'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, Toho Co's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Minami Ichikawa | Head Officer | Profile | |
| Keiji Ota | Managing Officer | Profile | |
| Nobuyuki Taiko | Head VP | Profile | |
| Hiroyasu Matsuoka | Ex Pres | Profile | |
| Kazuhiko Seta | Managing Officer | Profile | |
| Atsuo Ikeda | Managing Officer | Profile |