OPCT3F Correlations
| OPCT3F Stock | 9.36 0.19 2.07% |
Current 90-days correlation between OPCT3F and Mitsubishi UFJ Financial is -0.05 (i.e., Good diversification).The correlation of OPCT3F is a statistical measure of how it moves in relation to other instruments. The correlation coefficient ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5.
OPCT3F vs Market Correlation
Weak diversification
Across the chosen horizon, OPCT3F and DJI show a correlation of 0.31 and fall into the Weak diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.
OPCT3F |
Correlation analysis helps compare OPCT3F with similar exposures for allocation context. Some jurisdictions apply wash sale rules to substantially identical replacements; this is provided as general context.
Moving together with OPCT3F Stock
| 0.78 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.63 | B1SA34 | Banco Santander Chile | PairCorr |
| 0.8 | H1SB34 | HSBC Holdings plc | PairCorr |
| 0.9 | ITSA4 | Itasa Investimentos Split | PairCorr |
| 0.87 | LAVV3 | Lavvi Empreendimentos | PairCorr |
Moving against OPCT3F Stock
| 0.86 | MSFT34 | Microsoft | PairCorr |
| 0.84 | BERK34 | Berkshire Hathaway | PairCorr |
| 0.71 | AAPL34 | Apple Inc | PairCorr |
| 0.57 | AMZO34 | Amazon Inc | PairCorr |
| 0.35 | GOGL35 | Alphabet | PairCorr |
| 0.32 | GOGL34 | Alphabet | PairCorr |
Related Correlations Analysis
| -0.85 | -0.63 | -0.26 | 0.58 | K1BF34 | ||
| -0.85 | 0.68 | 0.48 | -0.34 | P1DT34 | ||
| -0.63 | 0.68 | 0.51 | -0.11 | R1JF34 | ||
| -0.26 | 0.48 | 0.51 | -0.05 | I1BN34 | ||
| 0.58 | -0.34 | -0.11 | -0.05 | M1UF34 | ||
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
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Risk-Adjusted Indicators
There is a big difference between OPCT3F Stock performing well and OPCT3F 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 OPCT3F'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| K1BF34 | 1.35 | 0.24 | 0.13 | 0.75 | 1.35 | 3.93 | 12.91 | |||
| P1DT34 | 0.66 | -0.30 | 0.00 | -0.79 | 0.00 | 0.97 | 16.28 | |||
| R1JF34 | 0.69 | -0.15 | 0.00 | 1.40 | 0.00 | 0.23 | 11.63 | |||
| I1BN34 | 0.72 | -0.19 | 0.00 | -0.36 | 0.00 | 1.59 | 15.48 | |||
| M1UF34 | 1.20 | 0.03 | 0.02 | -0.12 | 1.50 | 2.98 | 9.07 |
OPCT3F Related Equities
The following equities are related to OPCT3F and can be used for peer comparison, relative valuation, or portfolio diversification. Comparing OPCT3F against peers on metrics such as P/E, margins, and return on equity helps contextualize its positioning and identify relative strengths or weaknesses.
| Risk & Return | Correlation |