Japan Tobacco Correlations

JAPAY Stock

USD 15.48 0.21 1.38%

The current 90-days correlation between Japan Tobacco ADR and British American Tobacco is 0.15 (i.e., Average diversification). The correlation of Japan Tobacco 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.

Japan Tobacco Correlation With Market

Weak diversification

The correlation between Japan Tobacco ADR and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Japan Tobacco ADR and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Japan Pink Sheet

0.73	PM	Philip Morris Intern	Pair Corr
0.7	MO	Altria Group	Pair Corr
0.85	BTI	British American Tobacco	Pair Corr
0.67	BTAFF	British American Tobacco	Pair Corr
0.73	JAPAF	Japan Tobacco Earnings Call This Week	Pair Corr
0.84	IMBBY	Imperial Brands PLC	Pair Corr
0.8	IMBBF	Imperial Brands PLC	Pair Corr
0.82	RGLXY	RTL Group SA	Pair Corr
0.61	UPXI	Upexi Inc	Pair Corr
0.63	TETE	Technology Telecommunicatio	Pair Corr
0.65	SRLZF	Salazar Resources	Pair Corr
0.72	TOITF	Topicus	Pair Corr
0.7	X	United States Steel	Pair Corr

Moving against Japan Pink Sheet

0.54	00287YAW9	ABBVIE INC 445	Pair Corr
0.43	ACB	Aurora Cannabis	Pair Corr
0.42	PBCRF	PT Bank Central	Pair Corr
0.31	002824BN9	ABBOTT LABS 475	Pair Corr
0.75	38143CAV3	GOLDMAN SACHS GROUP	Pair Corr
0.68	03937LAA3	ARCH CAP GROUP	Pair Corr
0.55	SMCI	Super Micro Computer	Pair Corr
0.55	20030NBQ3	COMCAST P NEW	Pair Corr
0.54	06654DAG2	BANNER 2907 01	Pair Corr
0.46	031162AA8	US031162AA80	Pair Corr
0.42	0778FPAA7	BELL CDA 4464	Pair Corr
0.36	056752AG3	BAIDU INC 4125	Pair Corr

Related Correlations Analysis

	BTAFF	IMBBY	RLX	BTI	TPB	IMBBF	UVV	JAPAF	VGR	XXII
BTAFF		0.67	-0.53	0.7	-0.52	0.71	0.43	0.57	0.0	-0.34	BTAFF
IMBBY	0.67		-0.68	0.67	-0.43	0.95	0.5	0.71	0.0	-0.59	IMBBY
RLX	-0.53	-0.68		-0.64	0.76	-0.64	-0.31	-0.78	0.0	0.78	RLX
BTI	0.7	0.67	-0.64		-0.51	0.65	0.52	0.53	0.0	-0.61	BTI
TPB	-0.52	-0.43	0.76	-0.51		-0.38	-0.19	-0.56	0.0	0.61	TPB
IMBBF	0.71	0.95	-0.64	0.65	-0.38		0.49	0.72	0.0	-0.49	IMBBF
UVV	0.43	0.5	-0.31	0.52	-0.19	0.49		0.35	0.0	-0.43	UVV
JAPAF	0.57	0.71	-0.78	0.53	-0.56	0.72	0.35		0.0	-0.47	JAPAF
VGR	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	VGR
XXII	-0.34	-0.59	0.78	-0.61	0.61	-0.49	-0.43	-0.47	0.0		XXII
	BTAFF	IMBBY	RLX	BTI	TPB	IMBBF	UVV	JAPAF	VGR	XXII

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

IMBBF	+ 0.95	IMBBY
XXII	+ 0.78	RLX
TPB	+ 0.76	RLX
JAPAF	+ 0.72	IMBBF
IMBBF	+ 0.71	BTAFF
JAPAF	+ 0.71	IMBBY

High negative correlations

JAPAF	- 0.78	RLX
RLX	- 0.68	IMBBY
IMBBF	- 0.64	RLX
BTI	- 0.64	RLX
XXII	- 0.61	BTI
XXII	- 0.59	IMBBY

Risk-Adjusted Indicators

There is a big difference between Japan Pink Sheet performing well and Japan Tobacco 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 Japan Tobacco'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
BTAFF	3.13	0.39	0.11	0.49	3.42	(3.65)	6.81	(5.92)	14.93
IMBBY	1.01	0.34	0.28	2.01	1.08	(1.13)	2.36	(1.78)	8.34
RLX	2.27	(0.18)	0.00	2.11	0.00	0.00	4.74	(5.35)	19.23
BTI	1.06	0.19	0.14	1.05	1.84	(1.03)	2.15	(2.01)	9.47
TPB	1.59	0.22	0.08	0.14	2.57	(1.43)	3.03	(4.51)	16.88
IMBBF	2.03	0.42	0.18	0.87	2.25	(2.48)	4.42	(4.25)	11.75
UVV	0.99	0.20	0.26	0.47	0.83	(1.28)	2.12	(1.48)	7.08
JAPAF	2.37	0.26	0.08	(1.05)	2.67	(5.04)	6.24	(6.55)	20.29
VGR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XXII	4.92	(1.91)	0.00	(2.26)	0.00	0.00	7.89	(11.34)	28.33

Be your own money manager

Our tools can tell you how much better you can do entering a position in Japan Tobacco 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 Commodity Channel Now

Commodity Channel

Use Commodity Channel Index to analyze current equity momentum

All Next

Launch Module

Japan Tobacco Corporate Management

Kiyohide Hirowatari	Chief Legal Officer and Sr. VP	Profile
Kazuhito Yamashita	Executive Officer	Profile
Nobuya Kato	VP CFO	Profile
Mutsuo Iwai	Senior Managing Executive Officer	Profile

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