Kao Correlations
| KAOCF Stock | USD 41.35 0.00 0.00% |
The correlation of Kao 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 Kao moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kao Corporation 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.
Significant diversification
The correlation between Kao Corp. and NYA is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kao Corp. and NYA in the same portfolio, assuming nothing else is changed.
Kao |
The ability to find closely correlated positions to Kao could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kao 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 Kao - 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 Kao Corporation to buy it.
Moving against Kao Pink Sheet
| 0.78 | UL | Unilever PLC ADR Earnings Call Tomorrow | PairCorr |
| 0.67 | UNLYF | Unilever PLC | PairCorr |
| 0.49 | INRE | Inland Real Estateome | PairCorr |
| 0.44 | LRLCF | LOral SA | PairCorr |
| 0.44 | EL | Estee Lauder Companies Earnings Call This Week | PairCorr |
| 0.42 | PG | Procter Gamble Financial Report 26th of July 2024 | PairCorr |
| 0.57 | CAKE | The Cheesecake Factory Financial Report 8th of May 2024 | PairCorr |
| 0.45 | LOW | Lowes Companies Financial Report 28th of May 2024 | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Kao Pink Sheet performing well and Kao 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 Kao'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LRLCY | 1.11 | 0.03 | (0.04) | (0.28) | 1.58 | 2.13 | 9.07 | |||
| UL | 0.72 | (0.02) | (0.06) | 0.05 | 0.75 | 1.59 | 5.52 | |||
| KMB | 0.85 | 0.08 | 0.06 | 0.17 | 1.12 | 2.03 | 7.67 | |||
| CLX | 1.00 | (0.01) | (0.03) | 0.08 | 1.13 | 2.15 | 8.77 | |||
| CL | 0.58 | 0.10 | 0.09 | 0.26 | 0.49 | 1.38 | 4.02 | |||
| IPAR | 1.38 | (0.18) | 0.00 | (0.03) | 0.00 | 2.70 | 9.15 | |||
| HNST | 3.30 | 0.09 | 0.06 | 0.12 | 3.45 | 7.21 | 32.02 | |||
| EWCZ | 2.45 | (0.50) | 0.00 | (0.15) | 0.00 | 3.42 | 24.02 | |||
| EL | 1.84 | 0.18 | 0.10 | 0.23 | 1.83 | 4.11 | 16.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kao 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 Content Syndication Now
Content SyndicationQuickly integrate customizable finance content to your own investment portal |
| All Next | Launch Module |
Kao Corporate Directors
Kao corporate directors refer to members of a Kao board of directors. The board of directors generally takes responsibility for the Kao'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 Kao's board members must vote for the resolution. The Kao board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Nobuhide Hayashi | Independent Director | Profile | |
| Sonosuke Kadonaga | Independent Director | Profile | |
| Katsuhiko Yoshida | Managing Executive Officer, Representative Director | Profile | |
| Chiaki Mukai | Independent Director | Profile |
Already Invested in Kao Corporation?
The danger of trading Kao Corporation is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Kao is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Kao. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kao Corporation is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kao Corporation. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Kao Corporation information on this page should be used as a complementary analysis to other Kao's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for Kao Pink Sheet analysis
When running Kao's price analysis, check to measure Kao's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kao is operating at the current time. Most of Kao's value examination focuses on studying past and present price action to predict the probability of Kao's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kao's price. Additionally, you may evaluate how the addition of Kao to your portfolios can decrease your overall portfolio volatility.
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |