Japan Post Correlations
| JPHLFDelisted Stock | USD 9.32 0.00 0.00% |
The correlation of Japan Post 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Japan Post moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Japan Post Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Japan Post Holdings and NYA is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Japan Post Holdings and NYA in the same portfolio, assuming nothing else is changed.
Japan |
The ability to find closely correlated positions to Japan Post 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 Post 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 Post - 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 Post Holdings to buy it.
Moving together with Japan Pink Sheet
| 0.74 | HDB | HDFC Bank Limited Financial Report 15th of July 2024 | PairCorr |
| 0.74 | CIHKY | China Merchants Bank Normal Trading | PairCorr |
| 0.75 | BNPQY | BNP Paribas SA | PairCorr |
| 0.73 | BNPQF | BNP Paribas SA | PairCorr |
| 0.76 | HNHPF | Hon Hai Precision | PairCorr |
Moving against Japan Pink Sheet
| 0.86 | ACN | Accenture plc Financial Report 27th of June 2024 | PairCorr |
| 0.6 | DPSTF | Deutsche Post AG | PairCorr |
| 0.57 | USB-PH | US Bancorp | PairCorr |
| 0.51 | FITBP | Fifth Third Bancorp | PairCorr |
| 0.78 | JNJ | Johnson Johnson Financial Report 18th of July 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Japan Pink Sheet performing well and Japan Post 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 Post'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HBAN | 1.09 | 0.09 | 0.03 | (3.51) | 1.25 | 3.01 | 6.65 | |||
| FITB | 1.21 | 0.11 | 0.04 | (3.88) | 1.43 | 2.97 | 7.70 | |||
| MTB | 1.29 | 0.07 | 0.00 | (0.21) | 1.80 | 2.58 | 7.26 | |||
| CFG | 1.48 | 0.10 | 0.02 | (0.35) | 1.89 | 2.87 | 8.60 | |||
| FHN | 1.14 | 0.02 | (0.02) | 0.20 | 1.38 | 2.43 | 7.56 | |||
| PNC | 1.21 | (0.03) | (0.01) | 0.03 | 1.54 | 2.60 | 7.96 | |||
| RF | 1.22 | (0.04) | (0.01) | 0.02 | 1.74 | 2.33 | 8.75 | |||
| CMA | 1.49 | (0.06) | 0.00 | 0.29 | 0.00 | 2.56 | 9.93 | |||
| ZION | 1.70 | (0.08) | 0.00 | (1.84) | 0.00 | 3.83 | 10.32 | |||
| KEY | 1.39 | (0.07) | (0.02) | 0.01 | 1.78 | 3.02 | 8.29 |
Japan Post Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Japan Post pink sheet to make a market-neutral strategy. Peer analysis of Japan Post could also be used in its relative valuation, which is a method of valuing Japan Post by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Japan Post Corporate Directors
Japan Post corporate directors refer to members of a Japan Post board of directors. The board of directors generally takes responsibility for the Japan Post's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Japan Post's board members must vote for the resolution. The Japan Post board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Fumiaki Watari | Independent Director | Profile | |
| Riki Mukai | Director | Profile | |
| Yasuo Inubushi | Independent Director | Profile | |
| Kenji Ogata | Executive Officer, Director of Business Planning | Profile |
Still Interested in Japan Post Holdings?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Other Consideration for investing in Japan Pink Sheet
If you are still planning to invest in Japan Post Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Japan Post's history and understand the potential risks before investing.
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