Tokyo Electric Correlations
| TKECF Stock | USD 3.61 0.04 1.12% |
The current 90-days correlation between Tokyo Electric Power and Atlantica Sustainable Infrastructure is 0.1 (i.e., Average diversification). The correlation of Tokyo Electric 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.
Tokyo Electric Correlation With Market
Modest diversification
The correlation between Tokyo Electric Power and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tokyo Electric Power and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Tokyo Electric could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tokyo Electric 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 Tokyo Electric - 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 Tokyo Electric Power to buy it.
Moving together with Tokyo Pink Sheet
| 0.8 | DNNGY | Orsted AS ADR | PairCorr |
| 0.79 | DOGEF | Orsted A/S | PairCorr |
| 0.88 | EDRVF | EDP Renovaveis | PairCorr |
| 0.73 | CLPXF | China Longyuan Power | PairCorr |
| 0.85 | PKX | POSCO Holdings | PairCorr |
| 0.82 | HYMTF | Hyundai Motor | PairCorr |
| 0.77 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.61 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
| 0.83 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.65 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.78 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against Tokyo Pink Sheet
| 0.75 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.6 | KB | KB Financial Group | PairCorr |
| 0.44 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.44 | BRK-B | Berkshire Hathaway Sell-off Trend | PairCorr |
| 0.81 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | WMT | Walmart Aggressive Push | PairCorr |
| 0.67 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.63 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.59 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.56 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.5 | HPQ | HP Inc | PairCorr |
| 0.44 | INTC | Intel Fiscal Year End 23rd of January 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 Tokyo Pink Sheet performing well and Tokyo Electric 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 Tokyo Electric'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALTNF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FNEC | 3.08 | 0.03 | 0.00 | 0.55 | 0.00 | 0.00 | 95.99 | |||
| SLBCF | 3.40 | 1.05 | 0.14 | 2.07 | 3.14 | 10.67 | 23.33 | |||
| AY | 0.09 | 0.02 | (0.82) | (0.69) | 0.00 | 0.23 | 0.59 | |||
| BEP | 1.64 | 0.10 | 0.00 | 1.34 | 1.82 | 3.97 | 15.83 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tokyo Electric 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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Tokyo Electric Corporate Executives
Elected by the shareholders, the Tokyo Electric's board of directors comprises two types of representatives: Tokyo Electric inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tokyo. The board's role is to monitor Tokyo Electric's management team and ensure that shareholders' interests are well served. Tokyo Electric'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, Tokyo Electric's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hiroshi Yamaguchi | CTO, Chief Safety Officer and Executive VP | Profile |