Mitsui Company Correlations

MITSY Stock

USD 663.00 10.21 1.56%

The current 90-days correlation between Mitsui Company and ITOCHU is 0.07 (i.e., Significant diversification). The correlation of Mitsui Company 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.

Mitsui Company Correlation With Market

Very poor diversification

The correlation between Mitsui Company and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitsui Company and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Mitsui Company 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 Company 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 Company - 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 Company to buy it.

Moving together with Mitsui Pink Sheet

0.87	WMT	Walmart Common Stock	Pair Corr
0.89	SAR	Saratoga Investment Corp	Pair Corr
0.87	ACN	Accenture plc	Pair Corr
0.68	VLKAF	Volkswagen AG	Pair Corr
0.7	VWAGY	Volkswagen AG 110	Pair Corr
0.77	VLKPF	Volkswagen AG VZO	Pair Corr
0.86	MRK	Merck Company Earnings Call This Week	Pair Corr
0.89	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.81	BA	Boeing	Pair Corr
0.86	JNJ	Johnson Johnson	Pair Corr
0.86	CAT	Caterpillar	Pair Corr
0.65	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.86	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr
0.95	AA	Alcoa Corp	Pair Corr

Moving against Mitsui Pink Sheet

0.78	T	ATT Inc Earnings Call This Week	Pair Corr
0.78	MSFT	Microsoft	Pair Corr
0.61	HNHPF	Hon Hai Precision	Pair Corr
0.55	JD	JD Inc Adr	Pair Corr

Related Correlations Analysis

	ITOCF	ITOCY	MSBHF	HTHIY	MTSUY	CTPCF	MARUF	MARUY	VCISY	VCISF
ITOCF		0.12	0.06	0.2	0.06	-0.11	-0.04	0.0	0.01	-0.02	ITOCF
ITOCY	0.12		0.52	0.43	0.54	0.52	0.83	0.87	0.26	0.13	ITOCY
MSBHF	0.06	0.52		0.46	0.99	0.04	0.69	0.72	-0.06	-0.05	MSBHF
HTHIY	0.2	0.43	0.46		0.47	-0.1	0.34	0.38	-0.18	0.07	HTHIY
MTSUY	0.06	0.54	0.99	0.47		0.04	0.7	0.73	-0.04	-0.04	MTSUY
CTPCF	-0.11	0.52	0.04	-0.1	0.04		0.55	0.57	0.49	0.23	CTPCF
MARUF	-0.04	0.83	0.69	0.34	0.7	0.55		0.96	0.29	0.15	MARUF
MARUY	0.0	0.87	0.72	0.38	0.73	0.57	0.96		0.32	0.16	MARUY
VCISY	0.01	0.26	-0.06	-0.18	-0.04	0.49	0.29	0.32		0.33	VCISY
VCISF	-0.02	0.13	-0.05	0.07	-0.04	0.23	0.15	0.16	0.33		VCISF
	ITOCF	ITOCY	MSBHF	HTHIY	MTSUY	CTPCF	MARUF	MARUY	VCISY	VCISF

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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	+ 0.99	MSBHF
MARUY	+ 0.96	MARUF
MARUY	+ 0.87	ITOCY
MARUF	+ 0.83	ITOCY
MARUY	+ 0.73	MTSUY
MARUY	+ 0.72	MSBHF

High negative correlations

VCISY	- 0.18	HTHIY
CTPCF	- 0.11	ITOCF
CTPCF	- 0.1	HTHIY
VCISY	- 0.06	MSBHF
VCISF	- 0.05	MSBHF
VCISF	- 0.04	MTSUY

Risk-Adjusted Indicators

There is a big difference between Mitsui Pink Sheet performing well and Mitsui Company 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 Company'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	12.00	4.37	0.33	0.42	10.02	(13.04)	3.59	(4.38)	479.41
ITOCY	1.22	0.13	0.09	0.22	1.22	(1.52)	2.66	(2.14)	8.33
MSBHF	1.24	0.11	0.06	0.23	1.47	(1.31)	2.09	(2.09)	6.42
HTHIY	1.44	0.15	0.09	0.16	1.51	(1.60)	3.85	(2.24)	11.27
MTSUY	1.09	0.11	0.07	0.20	1.16	(1.14)	2.39	(1.81)	5.87
CTPCF	0.80	0.04	0.00	0.15	0.00	0.00	0.00	0.00	46.54
MARUF	2.44	0.54	0.14	(2.82)	2.70	(2.49)	5.39	(5.93)	17.93
MARUY	1.39	0.41	0.25	0.43	1.34	(1.59)	3.23	(2.69)	6.43
VCISY	0.94	0.03	0.00	0.11	1.25	(0.99)	2.53	(1.95)	7.85
VCISF	1.26	0.04	(0.01)	(0.01)	2.22	(2.10)	3.39	(3.89)	16.19

Be your own money manager

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