Shionogi Correlations

SGIOF Stock

USD 14.25 0.00 0.00%

The current 90-days correlation between Shionogi and Swedish Orphan Biovitrum is -0.12 (i.e., Good diversification). The correlation of Shionogi 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.

Shionogi Correlation With Market

Very good diversification

The correlation between Shionogi Co and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shionogi Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Shionogi Pink Sheet

0.73	TAK	Takeda Pharmaceutical Earnings Call This Week	Pair Corr
0.68	ADTX	Aditxt Inc	Pair Corr
0.84	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.86	T	ATT Inc	Pair Corr

Moving against Shionogi Pink Sheet

0.53	MKKGY	Merck KGaA ADR	Pair Corr
0.49	MKGAF	MERCK Kommanditgesells	Pair Corr
0.42	IBM	International Business	Pair Corr
0.41	TEVA	Teva Pharmaceutical	Pair Corr
0.63	CSCO	Cisco Systems	Pair Corr
0.62	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.48	JNJ	Johnson Johnson	Pair Corr
0.43	INTC	Intel Aggressive Push	Pair Corr
0.38	MRK	Merck Company Earnings Call This Week	Pair Corr
0.36	WMT	Walmart	Pair Corr

Related Correlations Analysis

	BIOVF	CSPCY	SFOSF	ERFSF	FSPKF	ESAIY	ESALF	CHJTF	CHEOF
BIOVF		-0.56	0.0	-0.53	0.0	-0.27	0.06	0.27	-0.55	BIOVF
CSPCY	-0.56		0.0	0.49	0.0	0.29	-0.02	-0.43	0.41	CSPCY
SFOSF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SFOSF
ERFSF	-0.53	0.49	0.0		0.0	-0.21	-0.34	0.0	0.26	ERFSF
FSPKF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FSPKF
ESAIY	-0.27	0.29	0.0	-0.21	0.0		0.8	-0.42	0.04	ESAIY
ESALF	0.06	-0.02	0.0	-0.34	0.0	0.8		-0.11	-0.33	ESALF
CHJTF	0.27	-0.43	0.0	0.0	0.0	-0.42	-0.11		-0.18	CHJTF
CHEOF	-0.55	0.41	0.0	0.26	0.0	0.04	-0.33	-0.18		CHEOF
	BIOVF	CSPCY	SFOSF	ERFSF	FSPKF	ESAIY	ESALF	CHJTF	CHEOF

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

ESALF	+ 0.8	ESAIY
ERFSF	+ 0.49	CSPCY
CHEOF	+ 0.41	CSPCY
ESAIY	+ 0.29	CSPCY
CHJTF	+ 0.27	BIOVF
CHEOF	+ 0.26	ERFSF

High negative correlations

CSPCY	- 0.56	BIOVF
CHEOF	- 0.55	BIOVF
ERFSF	- 0.53	BIOVF
CHJTF	- 0.43	CSPCY
CHJTF	- 0.42	ESAIY
ESALF	- 0.34	ERFSF

Risk-Adjusted Indicators

There is a big difference between Shionogi Pink Sheet performing well and Shionogi 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 Shionogi'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
BIOVF	0.61	0.16	0.00	0.62	0.00	0.00	0.00	0.00	10.82
CSPCY	2.96	0.00	0.00	0.07	0.00	0.00	7.06	(5.77)	16.86
SFOSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ERFSF	2.34	(0.17)	0.00	(0.10)	0.00	0.00	4.24	(4.54)	12.54
FSPKF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESAIY	1.56	0.11	0.02	3.65	1.90	(1.76)	3.09	(2.78)	11.30
ESALF	1.81	0.36	0.07	0.90	2.37	(2.87)	4.99	(3.91)	21.90
CHJTF	1.06	0.58	0.00	(1.21)	0.00	0.00	5.83	0.00	14.29
CHEOF	1.30	(0.11)	0.00	(0.90)	0.00	0.00	2.75	(3.98)	20.21

Be your own money manager

Our tools can tell you how much better you can do entering a position in Shionogi 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 Premium Stories Now

Premium Stories

Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope

All Next

Launch Module

Shionogi Corporate Management

Kohji Hanasaki	Sr Division	Profile
Kazuhiro Hatanaka	Executive Officer	Profile
Ryuichi Kiyama	Executive Officer	Profile
Yoshihiro Furuya	VP Office	Profile
John Keller	Executive Officer	Profile
Takeshi Shiota	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