Tokyu Corp Correlations

TOKUY Stock

USD 11.77 0.00 0.00%

The current 90-days correlation between Tokyu Corp ADR and Dillards Capital Trust is 0.02 (i.e., Significant diversification). The correlation of Tokyu Corp 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.

Tokyu Corp Correlation With Market

Good diversification

The correlation between Tokyu Corp ADR and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tokyu Corp ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tokyu Pink Sheet

0.88	ELPQF	El Puerto de	Pair Corr
0.82	BKLRF	Berkeley Energy	Pair Corr

Moving against Tokyu Pink Sheet

0.74	SVTMF	SM Investments	Pair Corr
0.61	DDS	Dillards	Pair Corr
0.54	GMNFF	GobiMin	Pair Corr
0.47	AWCMF	Alumina Limited	Pair Corr
0.39	SRHGF	Shoprite Holdings	Pair Corr
0.37	AONNF	Aeon	Pair Corr
0.8	BLK	BlackRock Fiscal Year End 10th of January 2025	Pair Corr
0.74	KKR	KKR Co LP	Pair Corr
0.71	LIEN	Chicago Atlantic BDC, Symbol Change	Pair Corr
0.7	RCMT	RCM Technologies	Pair Corr
0.69	BMY	Bristol Myers Squibb Aggressive Push	Pair Corr
0.64	C	Citigroup Fiscal Year End 10th of January 2025	Pair Corr
0.63	SMLR	Semler Scientific	Pair Corr
0.53	GOOGL	Alphabet Class A	Pair Corr
0.52	TSLA	Tesla Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.46	NTRA	Natera Inc	Pair Corr
0.41	WBA	Walgreens Boots Alliance	Pair Corr
0.35	CTRN	Citi Trends	Pair Corr
0.34	GLABF	Gemina Laboratories Earnings Call This Week	Pair Corr
0.33	THCP	Thunder Bridge Capital	Pair Corr
0.85	SUM	Summit Materials	Pair Corr
0.81	CSSV	Caspian Services	Pair Corr
0.77	RBCAA	Republic Bancorp	Pair Corr
0.63	VULNF	Vulcan Energy Resources	Pair Corr
0.6	GBXI	GBX International	Pair Corr
0.52	AMCX	AMC Networks	Pair Corr

Related Correlations Analysis

	DDT	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL
DDT		0.0	0.13	0.25	0.44	0.23	0.2	0.72	0.26	0.61	DDT
AQUI	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	0.13	0.0		0.49	-0.44	0.87	-0.63	-0.17	0.35	0.04	MSTSX
LBHIX	0.25	0.0	0.49		0.21	0.73	0.0	0.29	-0.31	0.55	LBHIX
VIASP	0.44	0.0	-0.44	0.21		-0.08	0.83	0.71	-0.47	0.78	VIASP
RRTLX	0.23	0.0	0.87	0.73	-0.08		-0.34	0.03	0.01	0.33	RRTLX
OSHDF	0.2	0.0	-0.63	0.0	0.83	-0.34		0.48	-0.41	0.51	OSHDF
70082LAB3	0.72	0.0	-0.17	0.29	0.71	0.03	0.48		-0.17	0.76	70082LAB3
SITKF	0.26	0.0	0.35	-0.31	-0.47	0.01	-0.41	-0.17		-0.27	SITKF
RWAYL	0.61	0.0	0.04	0.55	0.78	0.33	0.51	0.76	-0.27		RWAYL
	DDT	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL

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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

RRTLX	+ 0.87	MSTSX
OSHDF	+ 0.83	VIASP
RWAYL	+ 0.78	VIASP
RWAYL	+ 0.76	70082LAB3
RRTLX	+ 0.73	LBHIX
70082LAB3	+ 0.72	DDT

High negative correlations

OSHDF	- 0.63	MSTSX
SITKF	- 0.47	VIASP
VIASP	- 0.44	MSTSX
SITKF	- 0.41	OSHDF
OSHDF	- 0.34	RRTLX
SITKF	- 0.31	LBHIX

Risk-Adjusted Indicators

There is a big difference between Tokyu Pink Sheet performing well and Tokyu Corp 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 Tokyu Corp'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
DDT	0.24	0.00	(0.06)	(0.01)	0.31	(0.24)	0.54	(0.50)	1.74
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.55	(0.15)	0.00	(0.32)	0.00	0.00	1.03	(1.02)	4.19
LBHIX	0.10	(0.02)	0.00	(0.28)	0.00	0.00	0.24	(0.24)	0.94
VIASP	0.75	0.16	0.10	(1.17)	1.03	(0.85)	2.00	(1.20)	6.28
RRTLX	0.28	(0.08)	0.00	(0.38)	0.00	0.00	0.40	(0.56)	1.99
OSHDF	46.68	24.37	0.00	(1.69)	0.00	0.00	0.00	0.00	1,329
70082LAB3	0.62	0.08	0.06	1.28	0.86	(0.75)	1.75	(0.74)	6.86
SITKF	5.24	0.48	0.07	1.22	4.97	(8.35)	14.29	(9.09)	30.02
RWAYL	0.14	0.00	(0.06)	0.08	0.19	(0.18)	0.36	(0.20)	1.49

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tokyu Corp 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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