Hoya Corp Correlations
| HOCPY Stock | USD 128.90 1.60 1.26% |
The current 90-days correlation between Hoya Corp and Sysmex Corp is -0.04 (i.e., Good diversification). The correlation of Hoya Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Hoya Corp Correlation With Market
Very weak diversification
The correlation between Hoya Corp and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hoya Corp and DJI in the same portfolio, assuming nothing else is changed.
Hoya |
The ability to find closely correlated positions to Hoya Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hoya Corp 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 Hoya Corp - 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 Hoya Corp to buy it.
Moving together with Hoya Pink Sheet
| 0.63 | BDX | Becton Dickinson Sell-off Trend | PairCorr |
| 0.68 | ALC | Alcon AG | PairCorr |
| 0.61 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Hoya Pink Sheet
| 0.64 | ISRG | Intuitive Surgical Fiscal Year End 28th of January 2025 | PairCorr |
| 0.55 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.46 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.39 | ESLOY | Essilor International | PairCorr |
| 0.37 | ESLOF | EssilorLuxottica Socit | PairCorr |
| 0.37 | GLABF | Gemina Laboratories | PairCorr |
| 0.66 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.63 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.59 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.54 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.44 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.39 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.35 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
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
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Risk-Adjusted Indicators
There is a big difference between Hoya Pink Sheet performing well and Hoya Corp 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 Hoya Corp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSMXY | 1.25 | 0.10 | (0.01) | 1.37 | 1.44 | 2.60 | 7.16 | |||
| SAUHY | 1.70 | (0.23) | 0.00 | (0.35) | 0.00 | 2.72 | 12.55 | |||
| CLPBF | 0.74 | 0.02 | (0.04) | (0.02) | 1.27 | 2.72 | 10.42 | |||
| ESLOY | 0.85 | 0.01 | (0.10) | 0.17 | 0.98 | 1.75 | 5.17 | |||
| ESLOF | 1.54 | 0.00 | (0.05) | 0.15 | 1.84 | 2.56 | 8.50 | |||
| CZMWF | 1.22 | (0.10) | 0.00 | 0.37 | 0.00 | 0.02 | 32.31 | |||
| BDX | 0.83 | (0.20) | 0.00 | (0.16) | 0.00 | 1.49 | 7.77 | |||
| CLPBY | 1.17 | (0.13) | 0.00 | (0.40) | 0.00 | 2.00 | 5.64 | |||
| ANSLY | 0.75 | 0.00 | (0.07) | 0.13 | 0.93 | 2.22 | 5.99 | |||
| POCI | 3.59 | (0.19) | 0.00 | (0.03) | 0.00 | 7.48 | 18.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hoya Corp 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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Hoya Corp Corporate Executives
Elected by the shareholders, the Hoya Corp's board of directors comprises two types of representatives: Hoya Corp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hoya. The board's role is to monitor Hoya Corp's management team and ensure that shareholders' interests are well served. Hoya Corp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hoya Corp's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ryo Hirooka | CFO and Representative Executive Officer | Profile | |
| Eiichiro Ikeda | COO of Information Technology and Executive Officer | Profile |