MISUMI Correlations
MSUXFDelisted Stock | USD 18.10 0.00 0.00% |
The current 90-days correlation between MISUMI Group and Makita Corp is 0.08 (i.e., Significant diversification). 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
Significant diversification
The correlation between MISUMI Group and DJI is 0.05 (i.e., Significant 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.
MISUMI |
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
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0.66 | SKUFF | AB SKF | PairCorr |
0.66 | SFM | Sprouts Farmers Market | PairCorr |
0.62 | WMT | Walmart Aggressive Push | PairCorr |
0.75 | LYV | Live Nation Entertainment | PairCorr |
0.81 | LPCN | Lipocine | PairCorr |
0.67 | FLR | Fluor | PairCorr |
0.74 | ELMD | Electromed | PairCorr |
0.75 | SCM | Stellus Capital Inve | PairCorr |
0.76 | AUR | Aurora Innovation Sell-off Trend | PairCorr |
0.81 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
0.69 | FTAIM | FTAI Aviation | PairCorr |
0.75 | CRM | Salesforce Earnings Call This Week | PairCorr |
Moving against MISUMI Pink Sheet
0.43 | TTC | Toro Fiscal Year End 18th of December 2024 | PairCorr |
0.72 | PTIXW | Protagenic Therapeutics | PairCorr |
Related Correlations Analysis
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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
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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 | ||
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PFIN | 1.39 | 0.48 | 0.18 | (20.08) | 1.33 | 3.15 | 11.88 | |||
MKTAY | 1.48 | 0.38 | 0.14 | 0.89 | 1.76 | 3.17 | 9.25 | |||
EML | 1.65 | (0.13) | 0.00 | (0.10) | 0.00 | 3.39 | 11.83 | |||
SCX | 2.52 | 0.19 | 0.06 | 0.35 | 2.93 | 6.74 | 16.39 | |||
HLMN | 1.33 | 0.12 | 0.10 | 0.22 | 1.32 | 3.25 | 8.30 | |||
TTNDY | 1.49 | 0.07 | (0.02) | 0.50 | 1.87 | 3.89 | 11.77 | |||
MKEWF | 0.53 | 0.06 | 0.00 | (0.13) | 0.00 | 0.00 | 23.89 | |||
HSQVY | 1.60 | (0.22) | 0.00 | (1.09) | 0.00 | 2.83 | 9.44 | |||
SKFRY | 1.62 | (0.02) | (0.04) | 0.09 | 2.08 | 2.72 | 11.40 | |||
KMT | 1.47 | (0.13) | 0.04 | 0.08 | 1.63 | 2.72 | 23.53 |
MISUMI Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with MISUMI pink sheet to make a market-neutral strategy. Peer analysis of MISUMI could also be used in its relative valuation, which is a method of valuing MISUMI by comparing valuation metrics with similar companies.
Risk & Return | Correlation |
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 |
Still Interested in MISUMI Group?
Investing in delisted pink sheets can be risky, as the pink sheet is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.