Itochu Corp Correlations

ITOCY Stock

USD 101.65 0.86 0.84%

The current 90-days correlation between Itochu Corp ADR and Marubeni Corp ADR is 0.72 (i.e., Poor diversification). The correlation of Itochu Corp 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.

Itochu Corp Correlation With Market

Modest diversification

The correlation between Itochu Corp ADR and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Itochu Corp ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Itochu Pink Sheet

0.73	HON	Honeywell International Earnings Call This Week	Pair Corr
0.7	MMM	3M Company	Pair Corr
0.9	MSBHF	Mitsubishi Corp	Pair Corr
0.74	HTHIF	Hitachi	Pair Corr
0.79	HTHIY	Hitachi Ltd ADR	Pair Corr
0.73	MITSF	Mitsui	Pair Corr
0.85	ITOCF	ITOCHU	Pair Corr
0.69	PBCRF	PT Bank Central Earnings Call This Week	Pair Corr
0.64	KB	KB Financial Group Earnings Call Tomorrow	Pair Corr
0.73	GE	GE Aerospace Earnings Call This Week	Pair Corr
0.65	HD	Home Depot	Pair Corr
0.63	TRV	The Travelers Companies	Pair Corr
0.69	AXP	American Express	Pair Corr
0.75	BA	Boeing	Pair Corr
0.66	MSFT	Microsoft	Pair Corr
0.63	JPM	JPMorgan Chase	Pair Corr

Moving against Itochu Pink Sheet

0.42	07274NBG7	BAYNGR 5 15	Pair Corr
0.37	FVR	FrontView REIT,	Pair Corr

Related Correlations Analysis

	MARUY	SSUMY	MITSY	MSBHF	HTHIY
MARUY		0.87	0.0	0.89	0.89	MARUY
SSUMY	0.87		0.0	0.89	0.79	SSUMY
MITSY	0.0	0.0		0.0	0.0	MITSY
MSBHF	0.89	0.89	0.0		0.76	MSBHF
HTHIY	0.89	0.79	0.0	0.76		HTHIY
	MARUY	SSUMY	MITSY	MSBHF	HTHIY

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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

MSBHF	+ 0.89	MARUY
HTHIY	+ 0.89	MARUY
MSBHF	+ 0.89	SSUMY
SSUMY	+ 0.87	MARUY
HTHIY	+ 0.79	SSUMY
HTHIY	+ 0.76	MSBHF

High negative correlations

HTHIY	- 0.0	MITSY
MSBHF	- 0.0	MITSY
MITSY	- 0.0	SSUMY
MITSY	- 0.0	MARUY

Risk-Adjusted Indicators

There is a big difference between Itochu Pink Sheet performing well and Itochu Corp 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 Itochu Corp'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
MARUY	1.12	0.28	0.18	0.57	0.95	(1.32)	2.38	(2.21)	8.68
SSUMY	1.02	0.03	0.00	0.18	1.07	(1.13)	1.99	(1.93)	8.23
MITSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSBHF	1.31	0.03	(0.02)	0.19	1.73	(1.31)	3.04	(2.81)	9.42
HTHIY	1.65	0.32	0.10	0.70	2.22	(1.74)	4.60	(2.48)	15.53

Be your own money manager

Our tools can tell you how much better you can do entering a position in Itochu Corp 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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Itochu Corp Corporate Management

Nobuya Urashima	Gen Division	Profile
Hiroyuki Naka	Digital Strategy	Profile
Fumihiko Kobayashi	Chief Accounting Officer, Managing Executive Officer and General Manager of HR and General Affairs Division	Profile
Tomoyuki Takada	General Manager of Corporate Communication Division	Profile
Yoshiko Matoba	GM Officer	Profile
Kazuaki Yamaguchi	Gen Division	Profile

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