Monotaro Correlations

MONOY Stock

USD 18.17 0.53 2.83%

The current 90-days correlation between Monotaro and Delivery Hero SE is -0.17 (i.e., Good diversification). The correlation of Monotaro 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.

Monotaro Correlation With Market

Significant diversification

The correlation between Monotaro Co and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Monotaro Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Monotaro Pink Sheet

0.65	FVR	FrontView REIT,	Pair Corr
0.38	GITS	Global Interactive Symbol Change	Pair Corr
0.33	07274NBG7	BAYNGR 5 15	Pair Corr
0.31	CGXYY	China Galaxy Securities	Pair Corr

Related Correlations Analysis

	PXHI	DELHY	DIBS	NHTC	TLPFY	UNICY	HOCPY	SSMXY	SMCAY
PXHI		-0.41	0.79	-0.47	0.06	-0.46	-0.01	-0.37	0.29	PXHI
DELHY	-0.41		-0.46	0.43	0.34	0.31	0.48	0.18	-0.06	DELHY
DIBS	0.79	-0.46		-0.48	0.01	-0.64	-0.03	-0.51	0.25	DIBS
NHTC	-0.47	0.43	-0.48		0.32	0.59	-0.03	0.37	-0.12	NHTC
TLPFY	0.06	0.34	0.01	0.32		0.02	0.16	-0.22	0.32	TLPFY
UNICY	-0.46	0.31	-0.64	0.59	0.02		-0.12	0.8	-0.5	UNICY
HOCPY	-0.01	0.48	-0.03	-0.03	0.16	-0.12		-0.23	0.2	HOCPY
SSMXY	-0.37	0.18	-0.51	0.37	-0.22	0.8	-0.23		-0.8	SSMXY
SMCAY	0.29	-0.06	0.25	-0.12	0.32	-0.5	0.2	-0.8		SMCAY
	PXHI	DELHY	DIBS	NHTC	TLPFY	UNICY	HOCPY	SSMXY	SMCAY

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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

SSMXY	+ 0.8	UNICY
DIBS	+ 0.79	PXHI
UNICY	+ 0.59	NHTC
HOCPY	+ 0.48	DELHY
NHTC	+ 0.43	DELHY
SSMXY	+ 0.37	NHTC

High negative correlations

SMCAY	- 0.8	SSMXY
UNICY	- 0.64	DIBS
SSMXY	- 0.51	DIBS
SMCAY	- 0.5	UNICY
NHTC	- 0.48	DIBS
NHTC	- 0.47	PXHI

Risk-Adjusted Indicators

There is a big difference between Monotaro Pink Sheet performing well and Monotaro 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 Monotaro'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
PXHI	1.37	0.20	0.02	2.76	1.70	(4.74)	5.22	(4.96)	15.74
DELHY	2.49	(0.01)	(0.04)	0.04	3.06	(2.75)	5.49	(5.21)	15.29
DIBS	2.28	0.07	0.02	0.22	2.63	(2.54)	5.36	(4.51)	13.75
NHTC	1.52	(0.22)	0.00	(0.39)	0.00	0.00	2.91	(3.11)	10.51
TLPFY	1.87	0.12	0.00	1.27	3.40	(1.72)	3.77	(3.26)	17.06
UNICY	1.52	(0.27)	0.00	0.74	0.00	0.00	2.56	(3.91)	12.24
HOCPY	1.51	0.14	0.05	0.38	1.53	(1.69)	3.64	(2.74)	7.67
SSMXY	1.10	(0.21)	0.00	(2.44)	0.00	0.00	1.52	(2.32)	8.43
SMCAY	1.40	0.15	(0.01)	(0.41)	1.95	(1.47)	3.27	(2.94)	12.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Monotaro 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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Tetsuya Koda	Executive Officer and Manager of Admin. Division	Profile
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