Dai Ichi Correlations
| DCNSFDelisted Stock | USD 25.48 0.00 0.00% |
The current 90-days correlation between Dai ichi Life and Prudential PLC ADR is 0.29 (i.e., Modest diversification). The correlation of Dai Ichi 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.
Dai Ichi Correlation With Market
Average diversification
The correlation between Dai ichi Life Holdings and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dai ichi Life Holdings and DJI in the same portfolio, assuming nothing else is changed.
Dai |
The ability to find closely correlated positions to Dai Ichi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dai Ichi 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 Dai Ichi - 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 Dai ichi Life Holdings to buy it.
Moving together with Dai Pink Sheet
| 0.81 | AAGIY | AIA Group | PairCorr |
| 0.82 | AAIGF | AIA Group | PairCorr |
| 0.65 | WETH | Wetouch Technology Common | PairCorr |
| 0.68 | IQ | iQIYI Inc Aggressive Push | PairCorr |
Moving against Dai Pink Sheet
| 0.59 | INMD | InMode | PairCorr |
| 0.31 | ICAD | icad inc | PairCorr |
| 0.43 | OPRA | Opera | PairCorr |
| 0.41 | BFLY | Butterfly Network | PairCorr |
| 0.4 | SOFI | SoFi Technologies | PairCorr |
| 0.4 | IONQ | IONQ Inc | PairCorr |
| 0.37 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.37 | RUM | Rumble Inc Sell-off Trend | PairCorr |
| 0.36 | NFLX | Netflix Fiscal Year End 28th of January 2025 | PairCorr |
| 0.34 | AVTE | Aerovate Therapeutics | PairCorr |
| 0.33 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.32 | ET | Energy Transfer LP Aggressive Push | PairCorr |
Related Correlations Analysis
| -0.27 | 0.64 | -0.11 | 0.38 | GL | ||
| -0.27 | -0.48 | -0.35 | -0.54 | PUK | ||
| 0.64 | -0.48 | 0.18 | 0.84 | CNO | ||
| -0.11 | -0.35 | 0.18 | 0.34 | MET-PA | ||
| 0.38 | -0.54 | 0.84 | 0.34 | AEL | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Dai Pink Sheet performing well and Dai Ichi 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 Dai Ichi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GL | 1.12 | (0.12) | (0.06) | 0.01 | 1.69 | 1.86 | 9.48 | |||
| PUK | 1.63 | (0.02) | (0.01) | 0.10 | 2.26 | 2.76 | 13.38 | |||
| CNO | 1.26 | 0.01 | 0.10 | 0.12 | 1.02 | 2.75 | 13.72 | |||
| MET-PA | 0.39 | 0.01 | (0.17) | 0.22 | 0.44 | 0.70 | 2.68 | |||
| AEL | 1.40 | 0.60 | 0.32 | (1.04) | 0.65 | 2.87 | 17.90 |
Dai Ichi 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 Dai Ichi pink sheet to make a market-neutral strategy. Peer analysis of Dai Ichi could also be used in its relative valuation, which is a method of valuing Dai Ichi by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Dai Ichi Corporate Management
| Masao Taketomi | Chief of Group HR Unit, Managing Executive Officer and General Manager of HR Department | Profile | |
| Girish Kulkarni | Managing Officer | Profile | |
| Hiroshi Shoji | Executive Officer | Profile | |
| Kenji Nishimura | Manager of IR Office in Business Planning Unit | Profile | |
| Sumie Watanabe | Executive Officer | Profile | |
| Takako Kitahori | Chief Unit | Profile |
Still Interested in Dai ichi Life Holdings?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.