Japan Exchange Correlations

JPXGY Stock

USD 11.31 0.07 0.62%

The current 90-days correlation between Japan Exchange Group and TMX Group Limited is 0.28 (i.e., Modest diversification). The correlation of Japan Exchange 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.

Japan Exchange Correlation With Market

Modest diversification

The correlation between Japan Exchange Group and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Japan Exchange Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Japan Exchange 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 Exchange 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 Exchange - 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 Japan Exchange Group to buy it.

Moving against Japan Pink Sheet

0.38	NDAQ	Nasdaq Inc	Pair Corr
0.33	SSNLF	Samsung Electronics	Pair Corr
0.67	JSEJF	JSE Limited	Pair Corr
0.51	GBXI	GBX International	Pair Corr
0.49	CBOBA	Community Bank	Pair Corr
0.47	CSCO	Cisco Systems	Pair Corr
0.44	MSTR	MicroStrategy Incorporated Buyout Trend	Pair Corr
0.43	NVDA	NVIDIA	Pair Corr
0.39	KKR	KKR Co LP	Pair Corr
0.36	MCY	Mercury General	Pair Corr
0.34	LULU	Lululemon Athletica	Pair Corr
0.33	QBTS	D Wave Quantum Trending	Pair Corr
0.31	RGTI	Rigetti Computing Trending	Pair Corr
0.64	PBHC	Pathfinder Bancorp	Pair Corr
0.59	CSSV	Caspian Services	Pair Corr
0.58	GM	General Motors	Pair Corr
0.56	FCRM	Franklin Credit Mana	Pair Corr

Related Correlations Analysis

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Be your own money manager

Our tools can tell you how much better you can do entering a position in Japan Exchange 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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Japan Exchange Corporate Management

Atsushi Tabata	Executive Officer	Profile
Ryusuke Yokoyama	Managing Executive Officer	Profile
Isao Hasegawa	Executive Officer	Profile
Kiyoshi Hosomizo	Pres Regulation	Profile
Shizuka Masaki	Ex Director	Profile
Futagi Satoshi	Sr Sustainability	Profile

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