MEBUKI FINANCIAL Correlations

5EE Stock

EUR 4.20 0.06 1.45%

The current 90-days correlation between MEBUKI FINANCIAL and Carsales is 0.02 (i.e., Significant diversification). The correlation of MEBUKI FINANCIAL 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.

MEBUKI FINANCIAL Correlation With Market

Significant diversification

The correlation between MEBUKI FINANCIAL GROUP and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MEBUKI FINANCIAL GROUP and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MEBUKI Stock

0.81	BBK	Truist Financial	Pair Corr
0.91	UOB0	UTD OV BK	Pair Corr

Moving against MEBUKI Stock

0.64	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.59	SSU	Samsung Electronics	Pair Corr
0.58	PQ9	PT Bank Mandiri	Pair Corr
0.57	SSU	Samsung Electronics	Pair Corr
0.52	DBPD	Xtrackers ShortDAX	Pair Corr
0.51	BZG2	PT Bank Central	Pair Corr
0.48	SSUN	Samsung Electronics	Pair Corr
0.44	SSUN	Samsung Electronics	Pair Corr

Related Correlations Analysis

	ZCG	J9T	WN6	DDN	63U	FOO	BOQ	OD7B
ZCG		0.12	0.26	0.28	-0.01	0.48	0.0	0.42	ZCG
J9T	0.12		0.42	-0.75	0.86	-0.19	0.0	-0.56	J9T
WN6	0.26	0.42		-0.22	0.53	0.19	0.0	-0.15	WN6
DDN	0.28	-0.75	-0.22		-0.83	0.52	0.0	0.81	DDN
63U	-0.01	0.86	0.53	-0.83		-0.33	0.0	-0.77	63U
FOO	0.48	-0.19	0.19	0.52	-0.33		0.0	0.72	FOO
BOQ	0.0	0.0	0.0	0.0	0.0	0.0		0.0	BOQ
OD7B	0.42	-0.56	-0.15	0.81	-0.77	0.72	0.0		OD7B
	ZCG	J9T	WN6	DDN	63U	FOO	BOQ	OD7B

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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

63U	+ 0.86	J9T
OD7B	+ 0.81	DDN
OD7B	+ 0.72	FOO
63U	+ 0.53	WN6
FOO	+ 0.52	DDN
FOO	+ 0.48	ZCG

High negative correlations

63U	- 0.83	DDN
OD7B	- 0.77	63U
DDN	- 0.75	J9T
OD7B	- 0.56	J9T
FOO	- 0.33	63U
DDN	- 0.22	WN6

Risk-Adjusted Indicators

There is a big difference between MEBUKI Stock performing well and MEBUKI FINANCIAL 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 MEBUKI FINANCIAL'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
ZCG	1.78	0.14	0.02	(1.58)	2.20	(2.11)	3.61	(3.51)	14.00
J9T	1.96	(0.20)	0.00	0.85	0.00	0.00	4.55	(4.35)	20.65
WN6	1.37	0.04	0.00	0.14	1.58	(1.72)	3.25	(2.59)	10.18
DDN	1.26	0.34	0.26	1.19	0.72	(1.63)	2.84	(1.84)	17.15
63U	0.57	(0.25)	0.00	(1.64)	0.00	0.00	0.00	(4.76)	10.26
FOO	1.58	0.35	0.16	13.10	1.29	(1.91)	5.63	(2.83)	12.93
BOQ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OD7B	2.08	0.70	0.26	(7.65)	1.82	(2.44)	4.90	(3.01)	14.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in MEBUKI FINANCIAL 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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