Eisai Co Correlations

EII Stock

EUR 22.50 0.05 0.22%

The current 90-days correlation between Eisai Co and WillScot Mobile Mini is 0.13 (i.e., Average diversification). The correlation of Eisai Co 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.

Eisai Co Correlation With Market

Good diversification

The correlation between Eisai Co and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eisai Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Eisai Stock

0.65

TKD

Takeda Pharmaceutical

Pair Corr

Moving against Eisai Stock

0.57	9EE	ZINZINO AB B	Pair Corr
0.53	74F	LIFE BANC SPLIT	Pair Corr
0.51	KGHA	KGHM Polska Miedz	Pair Corr
0.5	I7G	Ipsen SA	Pair Corr
0.47	XTP	Sino AG	Pair Corr
0.46	HEI	Heidelberg Materials	Pair Corr
0.31	RDDA	Dr Reddys Laboratories Earnings Call This Week	Pair Corr

Related Correlations Analysis

	WS11	N5A	SMA	6IC	20V	A1G	INR	BBEA
WS11		0.0	0.82	0.54	0.27	0.91	0.75	-0.15	WS11
N5A	0.0		0.0	0.0	0.0	0.0	0.0	0.0	N5A
SMA	0.82	0.0		0.34	0.34	0.82	0.64	0.02	SMA
6IC	0.54	0.0	0.34		-0.14	0.55	0.8	-0.83	6IC
20V	0.27	0.0	0.34	-0.14		0.29	0.12	0.4	20V
A1G	0.91	0.0	0.82	0.55	0.29		0.83	-0.23	A1G
INR	0.75	0.0	0.64	0.8	0.12	0.83		-0.65	INR
BBEA	-0.15	0.0	0.02	-0.83	0.4	-0.23	-0.65		BBEA
	WS11	N5A	SMA	6IC	20V	A1G	INR	BBEA

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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

A1G	+ 0.91	WS11
INR	+ 0.83	A1G
SMA	+ 0.82	WS11
A1G	+ 0.82	SMA
INR	+ 0.8	6IC
INR	+ 0.75	WS11

High negative correlations

BBEA	- 0.83	6IC
BBEA	- 0.65	INR
BBEA	- 0.23	A1G
BBEA	- 0.15	WS11
20V	- 0.14	6IC
BBEA	- 0.0	N5A

Risk-Adjusted Indicators

There is a big difference between Eisai Stock performing well and Eisai Co 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 Eisai Co'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
WS11	2.25	0.14	0.06	0.27	2.07	(3.15)	6.61	(4.07)	13.96
N5A	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMA	0.96	0.09	0.00	0.45	1.02	(2.26)	2.17	(2.13)	8.00
6IC	1.91	0.21	0.07	0.28	2.96	(2.03)	5.51	(2.96)	14.58
20V	1.28	(0.02)	(0.06)	0.08	1.48	(1.59)	3.72	(2.14)	9.39
A1G	2.65	0.27	0.07	0.70	2.57	(3.25)	6.90	(4.71)	19.45
INR	1.70	0.65	0.25	1.81	1.59	(2.04)	4.26	(3.02)	11.10
BBEA	1.51	(0.38)	0.00	(3.49)	0.00	0.00	2.65	(3.19)	8.45

Be your own money manager

Our tools can tell you how much better you can do entering a position in Eisai Co 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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Eisai Co Corporate Management

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

Yanhui Feng	VP	Profile
Gary Hendler	VP Region	Profile
Kenta Takahashi	Gen VP	Profile
Haruo Naito	Representative CEO	Profile
Tatsuyuki Yasuno	CFO VP	Profile
Nadeem Sarwar	President	Profile
Yosuke Akita	Chief VP	Profile

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