Orix Corp Correlations

IX Stock

USD 22.29 0.01 0.04%

The current 90-days correlation between Orix Corp Ads and Nomura Holdings ADR is -0.04 (i.e., Good diversification). The correlation of Orix 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.

Orix Corp Correlation With Market

Good diversification

The correlation between Orix Corp Ads and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orix Corp Ads and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Orix Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Orix Corp Ads. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Orix Stock

0.86	VOYA	Voya Financial	Pair Corr
0.7	HTH	Hilltop Holdings Earnings Call This Week	Pair Corr
0.93	C	Citigroup Aggressive Push	Pair Corr
0.86	L	Loews Corp	Pair Corr
0.87	DHIL	Diamond Hill Investment	Pair Corr
0.77	DIST	Distoken Acquisition	Pair Corr
0.68	AB	AllianceBernstein Earnings Call This Week	Pair Corr
0.74	AC	Associated Capital	Pair Corr
0.9	AX	Axos Financial	Pair Corr
0.86	BK	Bank of New York	Pair Corr
0.88	BN	Brookfield Corp	Pair Corr
0.77	BX	Blackstone Group Normal Trading	Pair Corr
0.71	BY	Byline Bancorp Earnings Call This Week	Pair Corr
0.91	CG	Carlyle Group Earnings Call This Week	Pair Corr
0.95	CM	Canadian Imperial Bank	Pair Corr
0.89	DB	Deutsche Bank AG Earnings Call This Week	Pair Corr
0.94	GS	Goldman Sachs Group	Pair Corr
0.71	HG	Hamilton Insurance Group,	Pair Corr
0.95	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.83	LC	LendingClub Corp	Pair Corr
0.83	MC	Moelis Earnings Call This Week	Pair Corr
0.92	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.69	NU	Nu Holdings Aggressive Push	Pair Corr
0.69	PB	Prosperity Bancshares Earnings Call This Week	Pair Corr

Moving against Orix Stock

0.61	EG	Everest Group	Pair Corr
0.56	FG	FG Annuities Life	Pair Corr
0.49	TREE	Lendingtree Earnings Call This Week	Pair Corr
0.85	WU	Western Union	Pair Corr
0.63	VALU	Value Line	Pair Corr
0.49	LX	Lexinfintech Holdings	Pair Corr
0.34	PX	P10 Inc	Pair Corr

Related Correlations Analysis

	SLMBP	FCFS	AGM-A	NAVI	NMR	KB	SHG	MFG	SMFG
SLMBP		0.29	0.21	0.55	0.61	0.67	0.58	0.77	0.81	SLMBP
FCFS	0.29		0.25	0.63	0.45	0.53	0.48	0.37	0.37	FCFS
AGM-A	0.21	0.25		0.55	0.61	0.61	0.57	0.62	0.59	AGM-A
NAVI	0.55	0.63	0.55		0.87	0.91	0.89	0.79	0.73	NAVI
NMR	0.61	0.45	0.61	0.87		0.93	0.9	0.92	0.84	NMR
KB	0.67	0.53	0.61	0.91	0.93		0.96	0.89	0.8	KB
SHG	0.58	0.48	0.57	0.89	0.9	0.96		0.83	0.7	SHG
MFG	0.77	0.37	0.62	0.79	0.92	0.89	0.83		0.95	MFG
SMFG	0.81	0.37	0.59	0.73	0.84	0.8	0.7	0.95		SMFG
	SLMBP	FCFS	AGM-A	NAVI	NMR	KB	SHG	MFG	SMFG

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Risk-Adjusted Indicators

There is a big difference between Orix Stock performing well and Orix 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 Orix 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
SLMBP	0.64	0.12	0.02	0.84	0.70	(0.77)	1.71	(1.44)	6.13
FCFS	0.97	0.08	0.01	0.31	0.85	(1.09)	2.32	(1.46)	11.39
AGM-A	1.71	(0.11)	0.00	(0.02)	0.00	0.00	4.38	(4.58)	14.43
NAVI	1.61	0.24	0.13	0.35	1.63	(1.69)	3.80	(2.70)	8.05
NMR	1.12	0.15	0.09	0.33	1.05	(1.37)	2.75	(1.60)	7.96
KB	1.55	0.73	0.29	(2.29)	1.17	(1.71)	4.74	(2.62)	12.98
SHG	1.37	0.62	0.46	2.37	0.41	(1.71)	3.37	(1.83)	10.74
MFG	1.18	0.20	0.07	0.65	1.18	(1.43)	3.21	(2.14)	8.16
SMFG	1.14	0.09	0.02	0.32	1.18	(1.33)	2.26	(2.21)	7.19

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