Keyence Correlations

KYCCF Stock

USD 379.00 5.62 1.51%

The current 90-days correlation between Keyence and Fanuc is 0.24 (i.e., Modest diversification). The correlation of Keyence 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.

Keyence Correlation With Market

Weak diversification

The correlation between Keyence and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Keyence and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Keyence Pink Sheet

0.65	GRMN	Garmin Earnings Call This Week	Pair Corr
0.6	TDY	Teledyne Technologies Earnings Call Today	Pair Corr
0.57	TRMB	Trimble	Pair Corr
0.57	COHR	Coherent	Pair Corr
0.82	PTHL	Pheton Holdings	Pair Corr
0.78	SNAL	Snail, Class A	Pair Corr
0.76	PTAIF	PT Astra International Earnings Call This Week	Pair Corr
0.75	LYSCF	Lynas Rare Earths	Pair Corr
0.72	LRMR	Larimar Therapeutics	Pair Corr
0.58	GOOGL	Alphabet Class A Earnings Call Today	Pair Corr
0.57	TLK	Telkom Indonesia Tbk Earnings Call This Week	Pair Corr
0.55	LTRY	Lottery, Common Stock	Pair Corr
0.51	TR	Tootsie Roll Industries Earnings Call Today	Pair Corr
0.49	FPAFF	First Pacific	Pair Corr
0.45	BKNG	Booking Holdings Earnings Call This Week	Pair Corr
0.45	1730T0E96	US1730T0E963	Pair Corr
0.4	TWLO	Twilio Inc Sell-off Trend	Pair Corr
0.39	FVR	FrontView REIT,	Pair Corr
0.32	SNEX	Stonex Group	Pair Corr
0.84	SRM	SRM Entertainment, Common	Pair Corr
0.72	WACMY	Wacom Co Earnings Call This Week	Pair Corr
0.64	03523TBT4	ANHEUSER BUSCH INBEV	Pair Corr
0.55	SYBX	Synlogic	Pair Corr

Related Correlations Analysis

	ASMLF	CGNX	ELSE	FANUY	SAPGF	SEPJF	SNEJF	VNT
ASMLF		0.84	0.35	0.54	0.72	0.69	0.43	0.89	ASMLF
CGNX	0.84		0.46	0.48	0.83	0.7	0.27	0.97	CGNX
ELSE	0.35	0.46		-0.19	0.27	0.65	0.05	0.41	ELSE
FANUY	0.54	0.48	-0.19		0.6	0.06	0.53	0.51	FANUY
SAPGF	0.72	0.83	0.27	0.6		0.43	0.49	0.84	SAPGF
SEPJF	0.69	0.7	0.65	0.06	0.43		0.17	0.69	SEPJF
SNEJF	0.43	0.27	0.05	0.53	0.49	0.17		0.36	SNEJF
VNT	0.89	0.97	0.41	0.51	0.84	0.69	0.36		VNT
	ASMLF	CGNX	ELSE	FANUY	SAPGF	SEPJF	SNEJF	VNT

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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

VNT	+ 0.97	CGNX
VNT	+ 0.89	ASMLF
CGNX	+ 0.84	ASMLF
VNT	+ 0.84	SAPGF
SAPGF	+ 0.83	CGNX
SAPGF	+ 0.72	ASMLF

High negative correlations

FANUY

- 0.19

ELSE

Risk-Adjusted Indicators

There is a big difference between Keyence Pink Sheet performing well and Keyence 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 Keyence'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
ASMLF	1.55	0.02	0.02	0.19	1.88	(1.91)	3.51	(2.18)	15.00
CGNX	1.60	0.53	0.23	26.69	1.19	(1.87)	4.02	(2.10)	11.44
ELSE	2.32	0.28	0.02	(2.16)	3.99	(2.52)	4.22	(3.57)	39.66
FANUY	1.37	0.07	0.00	0.30	1.66	(1.39)	3.26	(2.41)	9.02
SAPGF	1.31	0.08	0.06	0.24	1.45	(1.44)	3.34	(2.51)	10.77
SEPJF	3.43	1.06	0.28	1.10	2.28	(5.54)	7.17	(5.04)	54.12
SNEJF	3.20	0.02	0.00	0.19	3.88	(3.28)	6.41	(6.52)	17.12
VNT	1.15	0.18	0.17	0.31	0.91	(1.35)	2.16	(2.16)	7.79

Be your own money manager

Our tools can tell you how much better you can do entering a position in Keyence 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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