Japan Steel Correlations
| JPSWFDelisted Stock | USD 29.84 0.00 0.00% |
The current 90-days correlation between Japan Steel and Employers Holdings is 0.12 (i.e., Average diversification). The correlation of Japan Steel 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.
Japan Steel Correlation With Market
Average diversification
The correlation between The Japan Steel and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Japan Steel and DJI in the same portfolio, assuming nothing else is changed.
Japan |
The ability to find closely correlated positions to Japan Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Japan Steel 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 Japan Steel - 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 The Japan Steel to buy it.
Moving together with Japan Pink Sheet
| 0.83 | NVDA | NVIDIA | PairCorr |
| 0.73 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.88 | CSCO | Cisco Systems | PairCorr |
| 0.69 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.66 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.84 | TRV | The Travelers Companies Sell-off Trend | PairCorr |
| 0.8 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.74 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.63 | DIS | Walt Disney | PairCorr |
| 0.7 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
Moving against Japan Pink Sheet
| 0.69 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.61 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.55 | GE | GE Aerospace Sell-off Trend | PairCorr |
| 0.54 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | 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 Japan Pink Sheet performing well and Japan Steel 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 Japan Steel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NODK | 1.10 | 0.09 | 0.03 | 0.33 | 1.33 | 2.09 | 6.11 | |||
| EIG | 0.94 | 0.06 | 0.08 | 0.12 | 0.86 | 1.70 | 11.52 | |||
| COTY | 1.63 | (0.33) | 0.00 | (0.44) | 0.00 | 3.48 | 15.90 | |||
| CNLFF | 0.05 | 0.02 | 0.00 | (1.41) | 0.00 | 0.00 | 1.03 | |||
| SBIGY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RYAAY | 1.47 | 0.04 | 0.00 | 0.16 | 1.73 | 3.90 | 8.74 | |||
| ICCH | 0.30 | 0.03 | (0.08) | (0.91) | 0.39 | 0.83 | 3.36 | |||
| SNCY | 2.72 | 0.45 | 0.17 | 0.42 | 2.48 | 7.47 | 16.71 |
Japan Steel 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 Japan Steel pink sheet to make a market-neutral strategy. Peer analysis of Japan Steel could also be used in its relative valuation, which is a method of valuing Japan Steel by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in The Japan Steel?
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.