MISUMI Correlations

MSUXF Stock

USD 16.67 0.00 0.00%

The correlation of MISUMI 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.

MISUMI Correlation With Market

Poor diversification

The correlation between MISUMI Group and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MISUMI Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with MISUMI Pink Sheet

0.7	TTNDF	Techtronic Industries Trending	Pair Corr
0.87	TTNDY	Techtronic Industries	Pair Corr
0.84	SNA	Snap On	Pair Corr
0.92	RBC	RBC Bearings	Pair Corr
0.8	LECO	Lincoln Electric Holdings Earnings Call This Week	Pair Corr
0.79	SWK	Stanley Black Decker	Pair Corr
0.89	TTC	Toro	Pair Corr
0.63	SKFRY	AB SKF	Pair Corr
0.61	SKUFF	AB SKF	Pair Corr
0.63	MKTAY	Makita Corp	Pair Corr
0.89	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.93	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.77	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.75	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.69	KB	KB Financial Group Earnings Call This Week	Pair Corr
0.89	MZHOF	Mizuho Financial	Pair Corr
0.9	MFG	Mizuho Financial	Pair Corr
0.64	SHG	Shinhan Financial Earnings Call This Week	Pair Corr
0.61	EQX	Equinox Gold Corp	Pair Corr
0.68	IGI	Western Asset Investment	Pair Corr
0.77	EGBN	Eagle Bancorp	Pair Corr
0.8	LNNGY	Li Ning	Pair Corr
0.84	WPM	Wheaton Precious Metals	Pair Corr
0.62	PRLB	Proto Labs Earnings Call Today	Pair Corr
0.81	AU	AngloGold Ashanti plc	Pair Corr
0.73	BOCOF	Bougainville Copper	Pair Corr
0.74	SSEZY	SSE PLC ADR	Pair Corr
0.88	WES	Western Midstream	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr

Moving against MISUMI Pink Sheet

0.54	GWPD	GP Solutions	Pair Corr
0.32	MLCG	ML Capital Group	Pair Corr

Related Correlations Analysis

	HUQVF	FGWLF	NWSGY	FUWAY	BRTHF	KRNNF	RICOY	BCHHF	HSHZY	MAQAF
HUQVF		1.0	0.0	0.0	1.0	1.0	0.0	0.0	0.0	0.0	HUQVF
FGWLF	1.0		0.0	0.0	1.0	1.0	0.0	0.0	0.0	0.0	FGWLF
NWSGY	0.0	0.0		0.3	0.0	0.0	-0.36	0.01	-0.14	0.16	NWSGY
FUWAY	0.0	0.0	0.3		0.0	0.0	0.07	0.07	-0.67	0.68	FUWAY
BRTHF	1.0	1.0	0.0	0.0		1.0	0.0	0.0	0.0	0.0	BRTHF
KRNNF	1.0	1.0	0.0	0.0	1.0		0.0	0.0	0.0	0.0	KRNNF
RICOY	0.0	0.0	-0.36	0.07	0.0	0.0		-0.34	0.09	0.29	RICOY
BCHHF	0.0	0.0	0.01	0.07	0.0	0.0	-0.34		-0.27	-0.32	BCHHF
HSHZY	0.0	0.0	-0.14	-0.67	0.0	0.0	0.09	-0.27		-0.29	HSHZY
MAQAF	0.0	0.0	0.16	0.68	0.0	0.0	0.29	-0.32	-0.29		MAQAF
	HUQVF	FGWLF	NWSGY	FUWAY	BRTHF	KRNNF	RICOY	BCHHF	HSHZY	MAQAF

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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

FGWLF	+ 1.0	HUQVF
BRTHF	+ 1.0	HUQVF
KRNNF	+ 1.0	HUQVF
BRTHF	+ 1.0	FGWLF
KRNNF	+ 1.0	FGWLF
KRNNF	+ 1.0	BRTHF

High negative correlations

HSHZY	- 0.67	FUWAY
RICOY	- 0.36	NWSGY
BCHHF	- 0.34	RICOY
MAQAF	- 0.32	BCHHF
MAQAF	- 0.29	HSHZY
HSHZY	- 0.27	BCHHF

Risk-Adjusted Indicators

There is a big difference between MISUMI Pink Sheet performing well and MISUMI 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 MISUMI'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
HUQVF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FGWLF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NWSGY	2.42	0.34	0.00	(0.48)	0.00	0.00	11.79	(6.11)	42.34
FUWAY	2.77	0.46	0.06	0.71	3.24	(8.81)	12.09	(9.27)	31.43
BRTHF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KRNNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RICOY	1.06	0.18	0.04	(0.50)	1.17	(6.01)	4.08	(2.99)	18.99
BCHHF	0.23	(0.05)	0.00	0.46	0.00	0.00	0.00	0.00	7.68
HSHZY	0.27	(0.01)	0.00	0.06	0.00	0.00	0.00	0.00	14.98
MAQAF	0.53	0.09	0.00	0.60	0.00	0.00	1.88	(1.23)	11.39

Be your own money manager

Our tools can tell you how much better you can do entering a position in MISUMI 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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MISUMI Corporate Management

Shigehito Nakamura	Representative Platform	Profile
Toshinari Sato	CIO, Managing Executive Officer	Profile
Shigetaka Shimizu	Executive Officer	Profile
Hiroshi Taguchi	Founder Advisor	Profile
Takako Sasaki	Representative Platform	Profile

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