SoftBank Group Correlations

0R15 Stock

4,400 0.00 0.00%

The current 90-days correlation between SoftBank Group Corp and IDEXX Laboratories is 0.14 (i.e., Average diversification). The correlation of SoftBank Group 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.

SoftBank Group Correlation With Market

Good diversification

The correlation between SoftBank Group Corp and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SoftBank Group Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SoftBank Stock

0.88	0J8P	IDEXX Laboratories	Pair Corr
0.65	0P4F	Ford Motor	Pair Corr
0.81	0R29	Intuitive Surgical	Pair Corr
0.83	SBID	State Bank	Pair Corr
0.79	RIGD	Reliance Industries	Pair Corr
0.78	DEC	Diversified Energy	Pair Corr

Moving against SoftBank Stock

0.69

GTCO

Guaranty Trust Holding

Pair Corr

Related Correlations Analysis

	TYT	0J8P	0HBH	0P4F	0LC3	0R29	0LD8
TYT		0.34	-0.51	0.68	0.76	0.66	0.73	TYT
0J8P	0.34		-0.26	0.64	0.47	0.77	0.1	0J8P
0HBH	-0.51	-0.26		-0.45	-0.59	-0.45	-0.55	0HBH
0P4F	0.68	0.64	-0.45		0.71	0.88	0.58	0P4F
0LC3	0.76	0.47	-0.59	0.71		0.65	0.8	0LC3
0R29	0.66	0.77	-0.45	0.88	0.65		0.47	0R29
0LD8	0.73	0.1	-0.55	0.58	0.8	0.47		0LD8
	TYT	0J8P	0HBH	0P4F	0LC3	0R29	0LD8

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

0R29	+ 0.88	0P4F
0LD8	+ 0.8	0LC3
0R29	+ 0.77	0J8P
0LC3	+ 0.76	TYT
0LD8	+ 0.73	TYT
0LC3	+ 0.71	0P4F

High negative correlations

0LC3	- 0.59	0HBH
0LD8	- 0.55	0HBH
0HBH	- 0.51	TYT
0R29	- 0.45	0HBH
0P4F	- 0.45	0HBH
0HBH	- 0.26	0J8P

Risk-Adjusted Indicators

There is a big difference between SoftBank Stock performing well and SoftBank Group 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 SoftBank Group'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
TYT	1.19	0.19	0.06	1.86	1.41	(1.70)	3.36	(2.89)	10.12
0J8P	1.39	0.07	0.03	0.19	1.32	(1.69)	2.86	(2.17)	17.25
0HBH	1.27	(0.11)	0.00	(0.33)	0.00	0.00	2.62	(2.02)	20.35
0P4F	1.35	0.17	0.07	0.67	1.61	(1.57)	3.50	(2.40)	17.68
0LC3	1.23	0.20	0.11	0.52	1.37	(1.36)	2.95	(2.36)	8.22
0R29	1.37	0.33	0.25	0.75	0.94	(1.85)	3.02	(2.07)	15.46
0LD8	1.41	0.18	0.08	0.29	1.70	(1.38)	3.08	(2.98)	8.24

SoftBank Group Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SoftBank Group stock to make a market-neutral strategy. Peer analysis of SoftBank Group could also be used in its relative valuation, which is a method of valuing SoftBank Group by comparing valuation metrics with similar companies.

Toyota Motor Corp IDEXX Laboratories Air Products Chemicals Ford Motor Synchrony Financial Intuitive Surgical Target Corp American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup SentinelOne CVS Health Corp Chevron Corp

Risk & Return

Correlation

SoftBank Group Corporate Management

Elected by the shareholders, the SoftBank Group's board of directors comprises two types of representatives: SoftBank Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SoftBank. The board's role is to monitor SoftBank Group's management team and ensure that shareholders' interests are well served. SoftBank Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SoftBank Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Keiichi Makizono	VP Officer	Profile
Tim Mackey	Corporate Officer	Profile
Itaru Nagao	Head Unit	Profile
Yotaro Agari	Head CSO	Profile
Takeaki Nukii	Head Office	Profile
Faisal Rahman	Head Fund	Profile
Bradley Feld	Managing Inc	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

2026 Macroaxis LLC