Zenkoku Hosho Correlations
The correlation of Zenkoku Hosho 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Zenkoku Hosho moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Zenkoku Hosho Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Your Current Watchlist to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. Zenkoku |
The ability to find closely correlated positions to Zenkoku Hosho could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zenkoku Hosho 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 Zenkoku Hosho - 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 Zenkoku Hosho Co to buy it.
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Zenkoku Pink Sheet performing well and Zenkoku Hosho 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 Zenkoku Hosho'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LU | 3.60 | 0.95 | 0.25 | 0.42 | 3.63 | 8.18 | 54.45 | |||
| COSG | 20.29 | 3.50 | 0.08 | 1.06 | 19.02 | 100.00 | 150.00 | |||
| ZIZTF | 3.60 | 0.95 | 0.13 | 0.94 | 2.94 | 12.73 | 43.48 | |||
| RM | 1.74 | (0.09) | (0.02) | 0.03 | 1.92 | 2.91 | 12.49 | |||
| ENVA | 1.41 | 0.01 | 0.05 | 0.08 | 1.89 | 2.95 | 9.35 | |||
| LPRO | 2.51 | (0.82) | 0.00 | (0.19) | 0.00 | 5.84 | 23.11 | |||
| XSHLF | 4.94 | 0.42 | 0.04 | 0.32 | 6.09 | 13.35 | 71.67 | |||
| CPSS | 2.45 | 0.00 | 0.00 | 0.08 | 2.24 | 6.15 | 17.23 |
Zenkoku Hosho Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Zenkoku Hosho pink sheet to make a market-neutral strategy. Peer analysis of Zenkoku Hosho could also be used in its relative valuation, which is a method of valuing Zenkoku Hosho by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Zenkoku Hosho Corporate Directors
Zenkoku Hosho corporate directors refer to members of a Zenkoku Hosho board of directors. The board of directors generally takes responsibility for the Zenkoku Hosho's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Zenkoku Hosho's board members must vote for the resolution. The Zenkoku Hosho board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Eiichiro Kobayashi | Independent Director | Profile | |
| Takashi Yamaguchi | Chief Director of Business, Director | Profile | |
| Akira Komatsu | Executive Officer, Senior Director of Sales, Director of 1st Sales in Main Office | Profile | |
| Tadamasa Kashiwabara | Executive Officer, Director of Business Planning, Manager of Legal Affairs | Profile |
Already Invested in Zenkoku Hosho Co?
The danger of trading Zenkoku Hosho Co is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Zenkoku Hosho is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Zenkoku Hosho. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Zenkoku Hosho is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Zenkoku Hosho Co. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in industry. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Complementary Tools for Zenkoku Pink Sheet analysis
When running Zenkoku Hosho's price analysis, check to measure Zenkoku Hosho's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Zenkoku Hosho is operating at the current time. Most of Zenkoku Hosho's value examination focuses on studying past and present price action to predict the probability of Zenkoku Hosho's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Zenkoku Hosho's price. Additionally, you may evaluate how the addition of Zenkoku Hosho to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities | |
| Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |