Tokio Marine Correlations

TKOMF Stock

USD 40.59 1.02 2.45%

The current 90-days correlation between Tokio Marine Holdings and The Travelers Companies is -0.1 (i.e., Good diversification). The correlation of Tokio Marine 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.

Tokio Marine Correlation With Market

Average diversification

The correlation between Tokio Marine Holdings and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tokio Marine Holdings and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tokio Pink Sheet

0.81	CB	Chubb	Pair Corr
0.74	TRV	The Travelers Companies Sell-off Trend	Pair Corr
0.81	ALL	Allstate	Pair Corr
0.71	PINXF	Peoples Insurance	Pair Corr
0.64	WRB	W R Berkley Normal Trading	Pair Corr
0.62	CICHF	China Construction Bank	Pair Corr
0.64	BNPQY	BNP Paribas SA	Pair Corr
0.67	ELV	Elevance Health	Pair Corr
0.65	JHS	John Hancock Income	Pair Corr
0.73	RLLCF	Rolls Royce Holdings	Pair Corr

Moving against Tokio Pink Sheet

0.6	PBCRF	PT Bank Central	Pair Corr
0.32	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	PGR	CB	TRV	ALL	TKOMF	ALL-PH	PINXY	IFCZF
PGR		0.71	0.83	0.74	0.52	-0.14	0.0	0.86	PGR
CB	0.71		0.9	0.93	0.81	-0.2	0.0	0.57	CB
TRV	0.83	0.9		0.92	0.74	-0.07	0.0	0.64	TRV
ALL	0.74	0.93	0.92		0.81	-0.16	0.0	0.58	ALL
TKOMF	0.52	0.81	0.74	0.81		-0.14	0.0	0.46	TKOMF
ALL-PH	-0.14	-0.2	-0.07	-0.16	-0.14		0.0	-0.14	ALL-PH
PINXY	0.0	0.0	0.0	0.0	0.0	0.0		0.0	PINXY
IFCZF	0.86	0.57	0.64	0.58	0.46	-0.14	0.0		IFCZF
	PGR	CB	TRV	ALL	TKOMF	ALL-PH	PINXY	IFCZF

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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

ALL	+ 0.93	CB
ALL	+ 0.92	TRV
TRV	+ 0.9	CB
IFCZF	+ 0.86	PGR
TRV	+ 0.83	PGR
TKOMF	+ 0.81	CB

High negative correlations

ALL-PH	- 0.2	CB
ALL-PH	- 0.16	ALL
IFCZF	- 0.14	ALL-PH
ALL-PH	- 0.14	TKOMF
ALL-PH	- 0.14	PGR
ALL-PH	- 0.07	TRV

Risk-Adjusted Indicators

There is a big difference between Tokio Pink Sheet performing well and Tokio Marine 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 Tokio Marine'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
PGR	1.00	0.26	0.25	0.74	0.90	(1.13)	2.42	(1.35)	6.91
CB	1.04	0.13	0.15	(2.18)	1.02	(1.17)	2.22	(1.62)	5.98
TRV	1.01	0.16	0.14	0.20	1.12	(1.14)	2.38	(1.94)	5.76
ALL	1.28	0.12	0.08	0.12	1.59	(1.33)	2.72	(2.37)	8.73
TKOMF	3.75	0.53	0.07	0.40	4.79	(4.88)	12.82	(9.38)	27.74
ALL-PH	0.71	(0.01)	0.00	(0.07)	0.00	0.00	1.51	(1.43)	6.06
PINXY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IFCZF	1.12	0.37	0.27	1.72	0.99	(1.24)	2.80	(2.14)	15.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tokio Marine 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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Tokio Marine Corporate Management

Narimasa Tokugawa	Executive Officer	Profile
Kiyoshi Wada	Group Officer	Profile
Kenichi Kitazawa	Group Officer	Profile
Kenji Okada	Executive Officer	Profile
Donald Sherman	Executive Officer	Profile

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