Yakult Honsha Correlations

YKLTY Stock

USD 9.14 0.01 0.11%

The current 90-days correlation between Yakult Honsha and Coca Cola Femsa SAB is 0.04 (i.e., Significant diversification). The correlation of Yakult Honsha 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.

Yakult Honsha Correlation With Market

Modest diversification

The correlation between Yakult Honsha Co and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Yakult Honsha Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Yakult Pink Sheet

0.63	GOOGL	Alphabet Class A Earnings Call This Week	Pair Corr
0.62	FBNC	First Bancorp Earnings Call This Week	Pair Corr
0.59	NNFSF	Nongfu Spring	Pair Corr
0.57	CCEP	Coca Cola European	Pair Corr
0.55	FPAFF	First Pacific	Pair Corr
0.5	482480AM2	KLAC 495 15	Pair Corr
0.48	SNEX	Stonex Group	Pair Corr
0.69	JPM	JPMorgan Chase	Pair Corr
0.67	PTHL	Pheton Holdings	Pair Corr
0.67	AX	Axos Financial	Pair Corr
0.66	CGXYY	China Galaxy Securities	Pair Corr
0.65	PIPR	Piper Sandler Companies Earnings Call This Week	Pair Corr
0.64	SNAL	Snail, Class A	Pair Corr
0.64	SRM	SRM Entertainment, Common Trending	Pair Corr
0.63	DHIL	Diamond Hill Investment	Pair Corr
0.53	LRMR	Larimar Therapeutics	Pair Corr
0.52	CLH	Clean Harbors	Pair Corr
0.51	UTMD	Utah Medical Products Earnings Call This Week	Pair Corr
0.5	HNFSB	Hanover Foods	Pair Corr
0.47	TR	Tootsie Roll Industries Earnings Call This Week	Pair Corr
0.45	FENG	Phoenix New Media	Pair Corr

Related Correlations Analysis

	KOF	FIZZ	PRMW	KDP	COKE	MNST	CCEP	PEP	COCO	KO
KOF		0.22	0.0	-0.05	0.11	0.43	-0.04	-0.08	-0.35	0.58	KOF
FIZZ	0.22		0.0	-0.29	-0.3	0.3	0.57	0.16	0.41	0.16	FIZZ
PRMW	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	PRMW
KDP	-0.05	-0.29	0.0		0.84	-0.74	-0.35	0.63	-0.46	0.44	KDP
COKE	0.11	-0.3	0.0	0.84		-0.68	-0.55	0.59	-0.67	0.6	COKE
MNST	0.43	0.3	0.0	-0.74	-0.68		0.21	-0.63	0.35	-0.08	MNST
CCEP	-0.04	0.57	0.0	-0.35	-0.55	0.21		0.17	0.7	-0.29	CCEP
PEP	-0.08	0.16	0.0	0.63	0.59	-0.63	0.17		-0.1	0.35	PEP
COCO	-0.35	0.41	0.0	-0.46	-0.67	0.35	0.7	-0.1		-0.44	COCO
KO	0.58	0.16	0.0	0.44	0.6	-0.08	-0.29	0.35	-0.44		KO
	KOF	FIZZ	PRMW	KDP	COKE	MNST	CCEP	PEP	COCO	KO

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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

COKE	+ 0.84	KDP
COCO	+ 0.7	CCEP
PEP	+ 0.63	KDP
KO	+ 0.6	COKE
PEP	+ 0.59	COKE
KO	+ 0.58	KOF

High negative correlations

MNST	- 0.74	KDP
MNST	- 0.68	COKE
COCO	- 0.67	COKE
PEP	- 0.63	MNST
CCEP	- 0.55	COKE
COCO	- 0.46	KDP

Risk-Adjusted Indicators

There is a big difference between Yakult Pink Sheet performing well and Yakult Honsha 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 Yakult Honsha'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
KOF	1.20	(0.03)	0.00	13.05	0.00	0.00	2.36	(2.74)	7.92
FIZZ	1.23	0.00	(0.03)	0.13	1.28	(1.40)	2.99	(2.27)	6.95
PRMW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KDP	0.80	(0.03)	0.00	0.27	0.00	0.00	1.55	(1.71)	4.26
COKE	1.48	(0.40)	0.00	(0.52)	0.00	0.00	2.35	(3.37)	13.41
MNST	0.87	(0.05)	(0.11)	0.01	1.12	(0.88)	1.51	(1.84)	5.47
CCEP	0.82	0.14	0.03	1.24	0.77	(0.96)	2.03	(1.40)	5.17
PEP	1.08	(0.09)	0.00	(0.03)	0.00	0.00	2.20	(1.93)	6.85
COCO	1.60	0.29	0.12	0.78	1.57	(1.85)	3.21	(2.27)	9.61
KO	0.75	(0.08)	0.00	(0.26)	0.00	0.00	1.55	(1.28)	4.81

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Our tools can tell you how much better you can do entering a position in Yakult Honsha 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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Yakult Honsha Corporate Management

Masao Imada	Executive Officer	Profile
Koichi Hirano	Executive Officer	Profile
Akifumi Doi	Executive Officer, Nyogo Miki Plant Manager	Profile
Hiroshi Wakabayashi	Managing Executive Officer	Profile
Masanori Ito	Managing Executive Officer	Profile

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