Mazda Correlations

MZDAF Stock

USD 8.00 0.13 1.60%

The current 90-days correlation between Mazda Motor and TUI AG is -0.03 (i.e., Good diversification). The correlation of Mazda 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.

Mazda Correlation With Market

Very poor diversification

The correlation between Mazda Motor and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mazda Motor and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mazda Pink Sheet

0.78	TM	Toyota Motor	Pair Corr
0.79	TOYOF	Toyota Motor Corp	Pair Corr
0.68	VLKPF	Volkswagen AG VZO	Pair Corr
0.61	VWAPY	Volkswagen AG Pref	Pair Corr
0.73	OBYCF	Obayashi	Pair Corr
0.72	ENS	Enersys Earnings Call Today	Pair Corr
0.75	SECVY	Seche Environnement	Pair Corr
0.62	SCAGW	Scage Future Warrants	Pair Corr
0.86	BNKHF	BOC Hong Kong	Pair Corr
0.89	FIBK	First Interstate Ban	Pair Corr
0.71	THO	Thor Industries	Pair Corr

Moving against Mazda Pink Sheet

0.58	PTAIF	PT Astra International	Pair Corr
0.53	PBCRF	PT Bank Central	Pair Corr
0.37	BKRKF	PT Bank Rakyat Earnings Call Today	Pair Corr
0.84	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	TUIFF	SMEBF	IVCGF	MMTOF	KOTMY	YORUF	BKGFF	JEHLY	MNTHY	JTKWY
TUIFF		0.0	0.87	-0.38	0.45	0.0	0.58	0.71	0.02	-0.63	TUIFF
SMEBF	0.0		0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0	SMEBF
IVCGF	0.87	0.0		-0.32	0.51	0.0	0.58	0.6	0.07	-0.57	IVCGF
MMTOF	-0.38	0.0	-0.32		-0.12	0.0	-0.29	-0.41	0.46	0.47	MMTOF
KOTMY	0.45	0.0	0.51	-0.12		0.0	0.4	0.11	-0.07	-0.29	KOTMY
YORUF	0.0	1.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	YORUF
BKGFF	0.58	0.0	0.58	-0.29	0.4	0.0		0.41	-0.12	-0.54	BKGFF
JEHLY	0.71	0.0	0.6	-0.41	0.11	0.0	0.41		-0.38	-0.67	JEHLY
MNTHY	0.02	0.0	0.07	0.46	-0.07	0.0	-0.12	-0.38		0.35	MNTHY
JTKWY	-0.63	0.0	-0.57	0.47	-0.29	0.0	-0.54	-0.67	0.35		JTKWY
	TUIFF	SMEBF	IVCGF	MMTOF	KOTMY	YORUF	BKGFF	JEHLY	MNTHY	JTKWY

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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

YORUF	+ 1.0	SMEBF
IVCGF	+ 0.87	TUIFF
JEHLY	+ 0.71	TUIFF
JEHLY	+ 0.6	IVCGF
BKGFF	+ 0.58	TUIFF
BKGFF	+ 0.58	IVCGF

High negative correlations

JTKWY	- 0.67	JEHLY
JTKWY	- 0.63	TUIFF
JTKWY	- 0.57	IVCGF
JTKWY	- 0.54	BKGFF
JEHLY	- 0.41	MMTOF
MNTHY	- 0.38	JEHLY

Risk-Adjusted Indicators

There is a big difference between Mazda Pink Sheet performing well and Mazda 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 Mazda'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
TUIFF	1.55	0.51	0.00	11.55	0.00	0.00	10.00	(1.08)	19.54
SMEBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IVCGF	0.52	0.10	0.02	(4.32)	0.50	(0.62)	1.30	(0.80)	4.24
MMTOF	0.57	0.08	0.00	(1.12)	0.00	0.00	0.00	(0.84)	6.11
KOTMY	1.14	0.16	0.02	(0.54)	1.37	(2.66)	3.75	(3.14)	11.74
YORUF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BKGFF	0.07	0.00	0.00	(0.04)	0.00	0.00	0.00	0.00	2.38
JEHLY	0.76	0.33	0.00	0.62	0.00	0.00	0.00	0.00	25.43
MNTHY	2.00	0.21	0.03	(0.33)	2.24	(4.06)	4.84	(4.90)	22.40
JTKWY	2.05	0.07	(0.02)	(0.01)	3.72	(2.20)	4.08	(6.87)	27.84

Be your own money manager

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

Masaharu Kondo	Gen Division	Profile
Masahiro Moro	Managing Executive Officer	Profile
Yutaka Wasemori	Dy Dept	Profile
Yasuhiro Aoyama	Executive Officer and General Manager of Global Sales and Marketing Division	Profile
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