Mitsui Co Correlations

MITSF Stock

USD 18.70 0.09 0.48%

The current 90-days correlation between Mitsui Co and ITOCHU is 0.24 (i.e., Modest diversification). The correlation of Mitsui Co 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 Co Correlation With Market

Modest diversification

The correlation between Mitsui Co and DJI is 0.22 (i.e., Modest 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 Co 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 Co 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 Co - 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

0.72	HON	Honeywell International	Pair Corr
0.74	ITOCF	ITOCHU	Pair Corr
0.8	ITOCY	Itochu Corp ADR	Pair Corr

Moving against Mitsui Pink Sheet

0.72	AAVMY	ABN AMRO Bank	Pair Corr
0.69	MMM	3M Company	Pair Corr
0.65	COST	Costco Wholesale Corp	Pair Corr
0.53	BRK-A	Berkshire Hathaway	Pair Corr
0.52	BRK-B	Berkshire Hathaway	Pair Corr
0.44	SWZNF	Schweizerische Nationalbank Earnings Call Today	Pair Corr
0.39	HTHIY	Hitachi Ltd ADR	Pair Corr
0.35	GRABW	Grab Holdings Limited	Pair Corr
0.34	HYMTF	Hyundai Motor Downward Rally	Pair Corr
0.32	HTHIF	Hitachi	Pair Corr
0.76	HWM	Howmet Aerospace	Pair Corr
0.75	GPI	Group 1 Automotive	Pair Corr
0.74	PINS	Pinterest	Pair Corr
0.74	AGI	Alamos Gold	Pair Corr
0.73	AXIL	AXIL Brands,	Pair Corr
0.67	KPLTW	Katapult Holdings Equity	Pair Corr
0.67	BLAGF	Blue Lagoon Resources	Pair Corr
0.67	ATRC	AtriCure	Pair Corr
0.66	T	ATT Inc Aggressive Push	Pair Corr
0.64	KO	Coca Cola	Pair Corr
0.64	WPM	Wheaton Precious Metals	Pair Corr
0.63	PLTR	Palantir Technologies	Pair Corr
0.58	APP	Applovin Corp	Pair Corr
0.48	TCTZF	Tencent Holdings	Pair Corr
0.46	YUM	Yum Brands	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.36	KOREF	KORE Mining	Pair Corr
0.35	AAMMF	Almadex Minerals	Pair Corr

Related Correlations Analysis

	ITOCF	SSUMY	MARUY	MSBHF	MITSY	ITOCY	MARUF
ITOCF		-0.22	-0.21	0.46	0.0	0.91	0.0	ITOCF
SSUMY	-0.22		0.75	0.45	0.0	-0.14	0.58	SSUMY
MARUY	-0.21	0.75		0.58	0.0	-0.18	0.71	MARUY
MSBHF	0.46	0.45	0.58		0.0	0.5	0.54	MSBHF
MITSY	0.0	0.0	0.0	0.0		0.0	0.0	MITSY
ITOCY	0.91	-0.14	-0.18	0.5	0.0		-0.09	ITOCY
MARUF	0.0	0.58	0.71	0.54	0.0	-0.09		MARUF
	ITOCF	SSUMY	MARUY	MSBHF	MITSY	ITOCY	MARUF

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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

ITOCY	+ 0.91	ITOCF
MARUY	+ 0.75	SSUMY
MARUF	+ 0.71	MARUY
MARUF	+ 0.58	SSUMY
MSBHF	+ 0.58	MARUY
MARUF	+ 0.54	MSBHF

High negative correlations

SSUMY	- 0.22	ITOCF
MARUY	- 0.21	ITOCF
ITOCY	- 0.18	MARUY
ITOCY	- 0.14	SSUMY
MARUF	- 0.09	ITOCY
MARUF	- 0.0	MITSY

Risk-Adjusted Indicators

There is a big difference between Mitsui Pink Sheet performing well and Mitsui Co 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 Co'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	2.80	(0.11)	0.00	(0.38)	0.00	0.00	6.03	(5.94)	18.13
SSUMY	1.23	0.13	0.10	0.14	1.29	(1.53)	3.00	(2.06)	8.45
MARUY	1.29	0.04	0.03	0.03	1.49	(1.41)	2.80	(2.42)	7.95
MSBHF	1.44	(0.04)	0.00	(0.16)	0.00	0.00	2.69	(2.56)	10.85
MITSY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ITOCY	1.20	(0.14)	0.00	(0.25)	0.00	0.00	2.77	(2.47)	8.26
MARUF	2.66	0.01	0.01	(0.03)	3.70	(3.28)	5.84	(6.68)	26.10

Be your own money manager

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