Mitsubishi UFJ Correlations

MUFG Stock

USD 12.81 0.22 1.75%

The current 90-days correlation between Mitsubishi UFJ Financial and Sumitomo Mitsui Financial is 0.86 (i.e., Very poor diversification). The correlation of Mitsubishi UFJ 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.

Mitsubishi UFJ Correlation With Market

Weak diversification

The correlation between Mitsubishi UFJ Financial and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitsubishi UFJ Financial and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mitsubishi UFJ Financial. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Mitsubishi Stock

0.87	C	Citigroup Aggressive Push	Pair Corr
0.87	BK	Bank of New York	Pair Corr
0.69	TD	Toronto Dominion Bank	Pair Corr
0.66	BML-PG	Bank of America	Pair Corr
0.63	BAC	Bank of America	Pair Corr
0.85	BCS	Barclays PLC ADR	Pair Corr
0.72	BMO	Bank of Montreal	Pair Corr
0.8	ING	ING Group NV Normal Trading	Pair Corr
0.86	JPM	JPMorgan Chase	Pair Corr
0.62	JPM-PC	JPMorgan Chase	Pair Corr
0.74	NWG	Natwest Group PLC	Pair Corr
0.78	SAN	Banco Santander SA	Pair Corr
0.81	UBS	UBS Group AG	Pair Corr
0.77	WFC	Wells Fargo	Pair Corr
0.77	HSBC	HSBC Holdings PLC Earnings Call This Week	Pair Corr
0.77	BAC-PB	Bank of America	Pair Corr
0.73	BAC-PK	Bank of America	Pair Corr
0.79	SMFG	Sumitomo Mitsui Financial	Pair Corr

Moving against Mitsubishi Stock

0.5	BNS	Bank of Nova Scotia	Pair Corr
0.49	DHIL	Diamond Hill Investment	Pair Corr
0.37	CB	Chubb	Pair Corr
0.36	AX	Axos Financial	Pair Corr

Related Correlations Analysis

	SMFG	MFG	NMR	NWG	BSBR
SMFG		0.75	0.57	0.62	0.1	SMFG
MFG	0.75		0.86	0.8	0.4	MFG
NMR	0.57	0.86		0.9	0.68	NMR
NWG	0.62	0.8	0.9		0.47	NWG
BSBR	0.1	0.4	0.68	0.47		BSBR
	SMFG	MFG	NMR	NWG	BSBR

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Mitsubishi Stock performing well and Mitsubishi UFJ 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 Mitsubishi UFJ'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
SMFG	1.29	0.12	0.07	0.12	1.58	(1.43)	2.96	(2.71)	9.03
MFG	1.35	0.37	0.22	0.40	1.32	(1.56)	3.04	(2.12)	10.23
NMR	1.21	0.22	0.14	0.20	1.39	(1.37)	2.56	(2.21)	12.71
NWG	1.32	0.13	0.07	0.11	1.78	(1.32)	2.88	(2.54)	9.19
BSBR	1.82	0.03	0.01	0.07	2.49	(1.86)	3.95	(4.48)	10.10

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC