Ricoh Correlations

RICO Stock

1,778 4.00 0.22%

The current 90-days correlation between Ricoh and Hyundai Motor is -0.25 (i.e., Very good diversification). The correlation of Ricoh 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.

Ricoh Correlation With Market

Good diversification

The correlation between Ricoh Co and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ricoh Co and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ricoh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ricoh 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 Ricoh - 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 Ricoh Co to buy it.

Moving together with Ricoh Stock

0.69	0R15	SoftBank Group Corp	Pair Corr
0.65	HSBK	Halyk Bank	Pair Corr
0.62	BGEO	Bank of Georgia	Pair Corr
0.69	DEC	Diversified Energy	Pair Corr
0.66	0P5L	Axway Software SA	Pair Corr
0.65	RR	Rolls Royce Holdings	Pair Corr

Moving against Ricoh Stock

0.84	SMSD	Samsung Electronics	Pair Corr
0.82	RIGD	Reliance Industries	Pair Corr
0.81	SMSN	Samsung Electronics	Pair Corr
0.81	HYUD	Hyundai Motor	Pair Corr
0.79	AXB	Axis Bank	Pair Corr

Related Correlations Analysis

	SMSN	SMSD	HYUD	TYT	0RUK	RIGD	0QYR	0R15	HHPD	SBID
SMSN		0.98	0.88	-0.48	-0.01	0.91	-0.72	-0.74	-0.03	-0.61	SMSN
SMSD	0.98		0.88	-0.49	-0.01	0.9	-0.72	-0.71	-0.01	-0.64	SMSD
HYUD	0.88	0.88		-0.66	0.08	0.88	-0.75	-0.82	0.08	-0.63	HYUD
TYT	-0.48	-0.49	-0.66		-0.08	-0.49	0.51	0.62	-0.28	0.29	TYT
0RUK	-0.01	-0.01	0.08	-0.08		0.08	0.06	-0.1	-0.1	0.0	0RUK
RIGD	0.91	0.9	0.88	-0.49	0.08		-0.55	-0.79	-0.13	-0.5	RIGD
0QYR	-0.72	-0.72	-0.75	0.51	0.06	-0.55		0.57	-0.45	0.69	0QYR
0R15	-0.74	-0.71	-0.82	0.62	-0.1	-0.79	0.57		0.05	0.46	0R15
HHPD	-0.03	-0.01	0.08	-0.28	-0.1	-0.13	-0.45	0.05		-0.07	HHPD
SBID	-0.61	-0.64	-0.63	0.29	0.0	-0.5	0.69	0.46	-0.07		SBID
	SMSN	SMSD	HYUD	TYT	0RUK	RIGD	0QYR	0R15	HHPD	SBID

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SMSD	+ 0.98	SMSN
RIGD	+ 0.91	SMSN
RIGD	+ 0.9	SMSD
HYUD	+ 0.88	SMSN
HYUD	+ 0.88	SMSD
RIGD	+ 0.88	HYUD

High negative correlations

0R15	- 0.82	HYUD
0R15	- 0.79	RIGD
0QYR	- 0.75	HYUD
0R15	- 0.74	SMSN
0QYR	- 0.72	SMSD
0QYR	- 0.72	SMSN

Risk-Adjusted Indicators

There is a big difference between Ricoh Stock performing well and Ricoh 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 Ricoh'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
SMSN	1.74	(0.34)	0.00	(15.77)	0.00	0.00	3.19	(4.00)	13.39
SMSD	1.66	(0.39)	0.00	2.15	0.00	0.00	3.81	(3.51)	10.50
HYUD	1.85	(0.29)	0.00	(2.13)	0.00	0.00	3.67	(4.07)	11.89
TYT	0.94	0.10	0.03	2.55	1.44	(1.66)	2.39	(2.42)	10.47
0RUK	0.66	0.03	0.00	(0.07)	0.00	0.00	0.00	0.00	21.03
RIGD	0.94	(0.33)	0.00	1.72	0.00	0.00	1.51	(2.70)	6.39
0QYR	2.02	0.36	0.10	1.17	2.90	(2.05)	4.51	(3.34)	16.14
0R15	2.29	0.33	0.11	(1.73)	2.56	(2.56)	5.13	(4.30)	13.83
HHPD	1.54	0.00	(0.01)	0.02	1.78	(1.71)	3.14	(2.98)	7.20
SBID	1.11	0.03	0.01	0.16	1.27	(1.27)	2.44	(2.30)	8.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ricoh 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?

Run Sign In To Macroaxis Now

Sign In To Macroaxis

All Next

Launch Module

Ricoh Corporate Management

Elected by the shareholders, the Ricoh's board of directors comprises two types of representatives: Ricoh inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ricoh. The board's role is to monitor Ricoh's management team and ensure that shareholders' interests are well served. Ricoh'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, Ricoh's outside directors are responsible for providing unbiased perspectives on the board's policies.

Carsten Bruhn	GM Officer	Profile
Kazuhiro Tsuji	Audit Member	Profile
Kazuo Nishinomiya	Corp Division	Profile
Shinji Sato	Audit Member	Profile
Koji Miyao	Senior Unit	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC