YASKAWA ELEC Correlations

YEC0 Stock

EUR 36.40 3.20 9.64%

The current 90-days correlation between YASKAWA ELEC UNSP and The Peoples Insurance is 0.02 (i.e., Significant diversification). The correlation of YASKAWA ELEC 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.

YASKAWA ELEC Correlation With Market

Average diversification

The correlation between YASKAWA ELEC UNSP and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YASKAWA ELEC UNSP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against YASKAWA Stock

0.68	PLUN	Plug Power	Pair Corr
0.61	S0V	Seaboard Earnings Call This Week	Pair Corr
0.61	0M7	COFCO Joycome Foods	Pair Corr
0.54	WWG	Gelsenwasser AG	Pair Corr
0.5	1ZB	Bloom Energy Earnings Call This Week	Pair Corr
0.41	9XJ	DETALION GAMES SA	Pair Corr
0.34	49V	VERTIV HOLCL A Earnings Call This Week	Pair Corr
0.33	TUI1	TUI AG	Pair Corr

Related Correlations Analysis

	ZFI1	TMD0	PIR	EEW	M1W	TG9	UCE	7XJ
ZFI1		0.45	-0.62	-0.42	-0.81	-0.1	-0.53	-0.4	ZFI1
TMD0	0.45		0.03	0.12	-0.34	0.46	0.04	-0.31	TMD0
PIR	-0.62	0.03		0.75	0.79	0.43	0.51	0.62	PIR
EEW	-0.42	0.12	0.75		0.55	0.7	0.58	0.44	EEW
M1W	-0.81	-0.34	0.79	0.55		0.15	0.44	0.62	M1W
TG9	-0.1	0.46	0.43	0.7	0.15		0.5	-0.01	TG9
UCE	-0.53	0.04	0.51	0.58	0.44	0.5		-0.06	UCE
7XJ	-0.4	-0.31	0.62	0.44	0.62	-0.01	-0.06		7XJ
	ZFI1	TMD0	PIR	EEW	M1W	TG9	UCE	7XJ

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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

M1W	+ 0.79	PIR
EEW	+ 0.75	PIR
TG9	+ 0.7	EEW
7XJ	+ 0.62	PIR
7XJ	+ 0.62	M1W
UCE	+ 0.58	EEW

High negative correlations

M1W	- 0.81	ZFI1
PIR	- 0.62	ZFI1
UCE	- 0.53	ZFI1
EEW	- 0.42	ZFI1
7XJ	- 0.4	ZFI1
M1W	- 0.34	TMD0

Risk-Adjusted Indicators

There is a big difference between YASKAWA Stock performing well and YASKAWA ELEC 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 YASKAWA ELEC'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
ZFI1	0.89	0.09	(0.14)	(0.26)	0.96	(1.29)	2.00	(1.99)	5.92
TMD0	2.47	0.25	0.04	0.78	2.11	(4.07)	7.35	(4.23)	18.85
PIR	1.66	0.54	0.09	(1.07)	1.22	(2.84)	3.77	(3.17)	10.72
EEW	1.42	0.35	0.09	1.80	1.33	(1.98)	3.45	(2.04)	14.73
M1W	3.04	0.36	0.05	0.87	3.40	(5.05)	8.16	(6.06)	37.66
TG9	1.37	0.14	(0.06)	(0.55)	1.83	(1.66)	3.31	(4.03)	12.06
UCE	2.91	(0.01)	0.00	0.22	3.25	(3.81)	7.84	(4.74)	20.00
7XJ	1.41	0.09	(0.04)	0.52	1.42	(1.73)	3.42	(2.48)	7.33

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Our tools can tell you how much better you can do entering a position in YASKAWA ELEC 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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