Yokogawa Electric Correlations
| YOKEY Stock | USD 43.82 0.66 1.53% |
The current 90-days correlation between Yokogawa Electric Corp and GE Aerospace is 0.09 (i.e., Significant diversification). The correlation of Yokogawa Electric 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.
Yokogawa Electric Correlation With Market
Significant diversification
The correlation between Yokogawa Electric Corp and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yokogawa Electric Corp and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Yokogawa Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Yokogawa Electric 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 Yokogawa Electric - 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 Yokogawa Electric Corp to buy it.
Moving together with Yokogawa Pink Sheet
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| 0.88 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.65 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.76 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.84 | KO | Coca Cola Aggressive Push | PairCorr |
Moving against Yokogawa Pink Sheet
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| 0.83 | PH | Parker Hannifin | PairCorr |
| 0.8 | ITW | Illinois Tool Works | PairCorr |
| 0.8 | SSNLF | Samsung Electronics | PairCorr |
| 0.79 | EMR | Emerson Electric | PairCorr |
| 0.63 | MBFJF | Mitsubishi UFJ Financial | PairCorr |
| 0.4 | ATLPF | Atlas Copco AB | PairCorr |
| 0.32 | SMAWF | Siemens AG Class | PairCorr |
| 0.87 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.86 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.84 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.83 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.8 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.77 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.72 | HD | Home Depot | PairCorr |
| 0.72 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.65 | HPQ | HP Inc | PairCorr |
| 0.36 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
Related Correlations Analysis
| 0.49 | 0.53 | 0.36 | 0.4 | 0.24 | GE | ||
| 0.49 | 0.46 | 0.95 | 0.93 | 0.9 | ETN | ||
| 0.53 | 0.46 | 0.34 | 0.43 | 0.25 | SMAWF | ||
| 0.36 | 0.95 | 0.34 | 0.96 | 0.97 | PH | ||
| 0.4 | 0.93 | 0.43 | 0.96 | 0.93 | ITW | ||
| 0.24 | 0.9 | 0.25 | 0.97 | 0.93 | EMR | ||
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Risk-Adjusted Indicators
There is a big difference between Yokogawa Pink Sheet performing well and Yokogawa Electric 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 Yokogawa Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GE | 1.34 | (0.06) | (0.01) | 0.08 | 2.27 | 2.85 | 14.10 | |||
| ETN | 1.20 | 0.16 | 0.16 | 0.22 | 1.18 | 2.91 | 8.54 | |||
| SMAWF | 1.44 | 0.03 | (0.03) | 0.23 | 1.42 | 3.29 | 11.05 | |||
| PH | 0.92 | 0.09 | 0.13 | 0.19 | 0.86 | 2.18 | 11.35 | |||
| ITW | 0.79 | 0.05 | 0.06 | 0.19 | 0.62 | 1.53 | 4.73 | |||
| EMR | 1.15 | 0.17 | 0.20 | 0.23 | 0.82 | 2.15 | 9.12 |
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