Bridgestone Correlations
| BRDCF Stock | USD 32.66 0.15 0.46% |
The current 90-days correlation between Bridgestone and Continental AG PK is 0.11 (i.e., Average diversification). The correlation of Bridgestone 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.
Bridgestone Correlation With Market
Average diversification
The correlation between Bridgestone and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bridgestone and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bridgestone could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bridgestone 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 Bridgestone - 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 Bridgestone to buy it.
Moving together with Bridgestone Pink Sheet
| 0.67 | BRDCY | Bridgestone Corp ADR | PairCorr |
| 0.62 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.62 | PPERY | Bank Mandiri Persero | PairCorr |
Moving against Bridgestone Pink Sheet
| 0.58 | FYGGY | Fuyao Glass Industry | PairCorr |
| 0.53 | MBLY | Mobileye Global Class Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.37 | SSNLF | Samsung Electronics | PairCorr |
| 0.31 | PTAIF | PT Astra International | PairCorr |
| 0.67 | NWS | News Corp B | PairCorr |
| 0.66 | IONQ | IONQ Inc | PairCorr |
| 0.65 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.58 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.57 | NCL | Northann Corp | PairCorr |
| 0.49 | WBD | Warner Bros Discovery Aggressive Push | PairCorr |
| 0.48 | VSTO | Vista Outdoor | PairCorr |
| 0.45 | VRT | Vertiv Holdings | PairCorr |
| 0.42 | ULH | Universal Logistics | PairCorr |
| 0.38 | LUMN | Lumen Technologies | PairCorr |
| 0.32 | URI | United Rentals Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.68 | CCB | Coastal Financial Corp | PairCorr |
| 0.66 | GABC | German American Bancorp | PairCorr |
| 0.6 | BSTZ | BlackRock Science | PairCorr |
| 0.51 | CQP | Cheniere Energy Partners | PairCorr |
| 0.49 | KRKNF | Kraken Robotics | PairCorr |
| 0.49 | NVDA | NVIDIA | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bridgestone Pink Sheet performing well and Bridgestone 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 Bridgestone'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MGDDF | 2.64 | (0.25) | 0.00 | 8.79 | 0.00 | 7.04 | 25.84 | |||
| CTTAY | 1.91 | (0.15) | 0.00 | (0.07) | 0.00 | 4.90 | 13.79 | |||
| BRDCY | 0.86 | (0.23) | 0.00 | (0.44) | 0.00 | 1.29 | 5.46 | |||
| CTTAF | 2.88 | (0.06) | 0.00 | (0.08) | 0.00 | 7.91 | 16.38 | |||
| PLOW | 1.34 | (0.16) | 0.00 | (0.26) | 0.00 | 2.14 | 13.91 | |||
| BWA | 1.33 | (0.10) | (0.04) | 0.03 | 1.68 | 2.84 | 7.85 | |||
| AXL | 2.02 | (0.17) | (0.02) | 0.04 | 2.19 | 5.00 | 12.38 | |||
| MGA | 1.64 | (0.03) | 0.00 | 0.09 | 2.25 | 3.06 | 11.56 | |||
| DAN | 2.78 | (0.35) | 0.00 | (0.02) | 0.00 | 5.53 | 22.77 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bridgestone 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.Did you try this?
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Bridgestone Corporate Management
| Hidekazu Kimizu | Executive Officer | Profile | |
| Motoi Mochizuki | Managing Executive Officer | Profile | |
| Masato Banno | Executive Officer | Profile | |
| Akira Matsuda | Executive Officer | Profile | |
| Masayuki Ishii | Chief Human Rights Officer, Executive Officer | Profile |