Mitsui Correlations

MITSF Stock

USD 31.25 0.96 2.98%

The current 90-days correlation between Mitsui and ITOCHU is 0.01 (i.e., Significant diversification). The correlation of Mitsui 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.

Mitsui Correlation With Market

Very poor diversification

The correlation between Mitsui Co and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitsui Co and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mitsui Pink Sheet

0.97	MITSY	Mitsui Company	Pair Corr
0.86	ITOCY	Itochu Corp ADR	Pair Corr
0.62	BFDE	Bedford Energy	Pair Corr
0.79	AEM	Agnico Eagle Mines	Pair Corr
0.89	KGC	Kinross Gold Aggressive Push	Pair Corr
0.86	USAS	Americas Silver Corp Trending	Pair Corr
0.84	KEYS	Keysight Technologies	Pair Corr
0.63	KMFG	KMFG	Pair Corr
0.86	MRK	Merck Company	Pair Corr
0.8	CAT	Caterpillar Earnings Call This Week	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.72	BA	Boeing Earnings Call This Week	Pair Corr
0.87	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.81	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr

Moving against Mitsui Pink Sheet

0.61	FSTF	First State Financial	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.77	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.75	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	ITOCF	ITOCY	MSBHF	HTHIY	CTPCF	MTSUY	MARUF	MARUY	VCISY	FINMY
ITOCF		0.14	0.07	0.21	-0.1	0.08	-0.03	0.02	0.0	0.04	ITOCF
ITOCY	0.14		0.4	0.5	0.61	0.42	0.84	0.88	0.07	0.65	ITOCY
MSBHF	0.07	0.4		0.32	0.09	0.98	0.53	0.57	-0.25	0.66	MSBHF
HTHIY	0.21	0.5	0.32		0.07	0.34	0.35	0.39	-0.37	0.54	HTHIY
CTPCF	-0.1	0.61	0.09	0.07		0.1	0.72	0.74	0.47	0.2	CTPCF
MTSUY	0.08	0.42	0.98	0.34	0.1		0.55	0.59	-0.23	0.68	MTSUY
MARUF	-0.03	0.84	0.53	0.35	0.72	0.55		0.96	0.09	0.7	MARUF
MARUY	0.02	0.88	0.57	0.39	0.74	0.59	0.96		0.12	0.71	MARUY
VCISY	0.0	0.07	-0.25	-0.37	0.47	-0.23	0.09	0.12		-0.1	VCISY
FINMY	0.04	0.65	0.66	0.54	0.2	0.68	0.7	0.71	-0.1		FINMY
	ITOCF	ITOCY	MSBHF	HTHIY	CTPCF	MTSUY	MARUF	MARUY	VCISY	FINMY

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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

MTSUY	+ 0.98	MSBHF
MARUY	+ 0.96	MARUF
MARUY	+ 0.88	ITOCY
MARUF	+ 0.84	ITOCY
MARUY	+ 0.74	CTPCF
MARUF	+ 0.72	CTPCF

High negative correlations

VCISY	- 0.37	HTHIY
VCISY	- 0.25	MSBHF
VCISY	- 0.23	MTSUY
FINMY	- 0.1	VCISY
CTPCF	- 0.1	ITOCF
MARUF	- 0.03	ITOCF

Risk-Adjusted Indicators

There is a big difference between Mitsui Pink Sheet performing well and Mitsui 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 Mitsui'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
ITOCF	11.99	4.28	0.32	0.45	9.95	(12.44)	3.59	(4.38)	479.41
ITOCY	1.26	0.13	0.08	0.23	1.28	(1.53)	2.66	(2.14)	8.33
MSBHF	1.17	0.02	0.00	0.11	1.47	(1.20)	2.05	(2.09)	6.42
HTHIY	1.48	0.04	0.03	0.09	1.68	(1.62)	3.85	(2.67)	11.27
CTPCF	0.79	0.34	0.00	0.93	0.00	0.00	0.00	0.00	28.12
MTSUY	1.07	0.03	0.01	0.12	1.21	(1.09)	2.39	(1.81)	5.87
MARUF	2.36	0.54	0.13	(1.83)	2.63	(2.41)	5.39	(5.93)	17.93
MARUY	1.32	0.34	0.22	0.36	1.32	(1.52)	2.66	(2.69)	6.43
VCISY	1.01	(0.05)	0.00	(0.08)	0.00	0.00	2.63	(2.09)	7.85
FINMY	1.66	0.23	0.08	1.53	1.91	(1.76)	4.01	(3.34)	9.46

Be your own money manager

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