Toyota Tsusho Correlations

9TO Stock

EUR 18.70 0.20 1.08%

The current 90-days correlation between Toyota Tsusho and ArcelorMittal SA is 0.13 (i.e., Average diversification). The correlation of Toyota Tsusho 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.

Toyota Tsusho Correlation With Market

Significant diversification

The correlation between Toyota Tsusho and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Toyota Tsusho and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Toyota Stock

0.77	ARRD	ArcelorMittal SA	Pair Corr
0.81	ARRJ	ArcelorMittal	Pair Corr
0.62	SD5	Steel Dynamics Earnings Call This Week	Pair Corr
0.85	RS6	Reliance Steel Aluminum Earnings Call This Week	Pair Corr
0.61	LLD2	Lloyds Banking Group Earnings Call This Week	Pair Corr
0.82	KBIA	KB Financial Group Earnings Call This Week	Pair Corr
0.79	OIX	ORIX	Pair Corr
0.79	OIXA	Orix Corp Ads	Pair Corr
0.65	FHL	Federal Home Loan	Pair Corr
0.9	E908	Lyxor 1	Pair Corr
0.91	DBPE	Xtrackers LevDAX	Pair Corr

Moving against Toyota Stock

0.93	DBPD	Xtrackers ShortDAX	Pair Corr
0.63	NPS	Nippon Steel	Pair Corr
0.54	NPSA	NIPPON STEEL SPADR	Pair Corr
0.33	TKDA	Takeda Pharmaceutical	Pair Corr

Related Correlations Analysis

	NUO	ARRD	ARRJ	SD5	NPS	NPSA	PKX	9TO	RS6
NUO		0.69	0.67	0.25	-0.73	-0.62	0.91	0.54	0.81	NUO
ARRD	0.69		0.94	0.6	-0.53	-0.42	0.65	0.77	0.84	ARRD
ARRJ	0.67	0.94		0.61	-0.53	-0.45	0.61	0.81	0.86	ARRJ
SD5	0.25	0.6	0.61		-0.04	0.03	0.09	0.62	0.56	SD5
NPS	-0.73	-0.53	-0.53	-0.04		0.84	-0.67	-0.63	-0.74	NPS
NPSA	-0.62	-0.42	-0.45	0.03	0.84		-0.56	-0.54	-0.64	NPSA
PKX	0.91	0.65	0.61	0.09	-0.67	-0.56		0.44	0.75	PKX
9TO	0.54	0.77	0.81	0.62	-0.63	-0.54	0.44		0.85	9TO
RS6	0.81	0.84	0.86	0.56	-0.74	-0.64	0.75	0.85		RS6
	NUO	ARRD	ARRJ	SD5	NPS	NPSA	PKX	9TO	RS6

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

ARRJ	+ 0.94	ARRD
PKX	+ 0.91	NUO
RS6	+ 0.86	ARRJ
RS6	+ 0.85	9TO
RS6	+ 0.84	ARRD
NPSA	+ 0.84	NPS

High negative correlations

RS6	- 0.74	NPS
NPS	- 0.73	NUO
PKX	- 0.67	NPS
RS6	- 0.64	NPSA
9TO	- 0.63	NPS
NPSA	- 0.62	NUO

Risk-Adjusted Indicators

There is a big difference between Toyota Stock performing well and Toyota Tsusho 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 Toyota Tsusho'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
NUO	2.00	0.34	0.12	3.01	1.77	(2.36)	4.84	(3.10)	13.57
ARRD	1.28	0.30	0.10	(0.92)	1.02	(1.45)	5.02	(1.95)	7.88
ARRJ	1.44	0.00	0.08	0.00	1.30	(1.92)	4.13	(2.26)	8.98
SD5	1.69	0.11	0.00	0.75	1.91	(1.79)	3.66	(3.22)	10.56
NPS	1.37	(0.19)	0.00	(6.12)	0.00	0.00	3.85	(2.82)	9.28
NPSA	2.65	(0.14)	0.00	(0.62)	0.00	0.00	10.78	(9.76)	26.64
PKX	1.85	0.37	0.11	(3.05)	1.84	(2.27)	4.81	(3.10)	12.29
9TO	1.42	0.43	0.18	7.04	1.24	(1.87)	3.38	(2.15)	13.17
RS6	1.12	0.23	0.08	3.17	1.03	(1.26)	2.81	(1.99)	7.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Toyota Tsusho 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 Premium Stories Now

Premium Stories

Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope

All Next

Launch Module

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

2025 Macroaxis LLC