Mazda Correlations

MZDAY Stock

USD 3.18 0.01 0.31%

The current 90-days correlation between Mazda Motor Corp and Subaru Corp ADR is 0.64 (i.e., Poor 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Mazda Correlation With Market

Good diversification

The correlation between Mazda Motor Corp and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mazda Motor Corp 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 Corp to buy it.

Moving together with Mazda Pink Sheet

0.78	TM	Toyota Motor	Pair Corr
0.75	TOYOF	Toyota Motor Corp	Pair Corr
0.91	VWAGY	Volkswagen AG 110	Pair Corr
0.92	MBGAF	Mercedes Benz Group	Pair Corr
0.92	MBGYY	Mercedes Benz Group	Pair Corr
0.85	VLKPF	Volkswagen AG VZO	Pair Corr
0.9	VWAPY	Volkswagen AG Pref	Pair Corr
0.9	VLKAF	Volkswagen AG	Pair Corr
0.7	PKX	POSCO Holdings	Pair Corr
0.78	HYMTF	Hyundai Motor	Pair Corr
0.63	SKM	SK Telecom	Pair Corr

Moving against Mazda Pink Sheet

0.92	CTBB	Qwest Corp NT	Pair Corr
0.9	CTDD	Qwest Corp 6 Potential Growth	Pair Corr
0.75	TKURF	Tokyu REIT	Pair Corr
0.55	FINN	First National	Pair Corr
0.49	BYDDY	BYD Co	Pair Corr
0.49	BYDDF	BYD Limited	Pair Corr
0.92	ADSK	Autodesk	Pair Corr
0.87	GVA	Granite Construction	Pair Corr
0.87	SCHW	Charles Schwab Corp Fiscal Year End 15th of January 2025	Pair Corr
0.87	ALAB	Astera Labs, Common	Pair Corr
0.86	MRVL	Marvell Technology Earnings Call This Week	Pair Corr
0.85	CRWD	Crowdstrike Holdings Earnings Call Today	Pair Corr
0.78	STLD	Steel Dynamics Fiscal Year End 28th of January 2025	Pair Corr
0.77	NVDA	NVIDIA	Pair Corr
0.75	ZM	Zoom Video Communications	Pair Corr
0.74	APLD	Applied Blockchain Trending	Pair Corr
0.73	GM	General Motors Aggressive Push	Pair Corr
0.71	DECK	Deckers Outdoor	Pair Corr
0.69	DXYZ	Destiny Tech100	Pair Corr
0.62	SNOW	Snowflake Trending	Pair Corr
0.56	RCAT	Red Cat Holdings Trending	Pair Corr

Related Correlations Analysis

	FUJHY	SZKMY	ISUZY	BMWYY	MBGAF	MBGYY	NSANY	POAHY	VWAPY
FUJHY		0.43	0.71	0.89	0.92	0.91	-0.83	0.79	0.87	FUJHY
SZKMY	0.43		0.72	0.54	0.51	0.51	-0.38	0.43	0.52	SZKMY
ISUZY	0.71	0.72		0.78	0.79	0.79	-0.72	0.67	0.78	ISUZY
BMWYY	0.89	0.54	0.78		0.94	0.94	-0.8	0.87	0.95	BMWYY
MBGAF	0.92	0.51	0.79	0.94		1.0	-0.83	0.86	0.94	MBGAF
MBGYY	0.91	0.51	0.79	0.94	1.0		-0.83	0.85	0.93	MBGYY
NSANY	-0.83	-0.38	-0.72	-0.8	-0.83	-0.83		-0.81	-0.85	NSANY
POAHY	0.79	0.43	0.67	0.87	0.86	0.85	-0.81		0.96	POAHY
VWAPY	0.87	0.52	0.78	0.95	0.94	0.93	-0.85	0.96		VWAPY
	FUJHY	SZKMY	ISUZY	BMWYY	MBGAF	MBGYY	NSANY	POAHY	VWAPY

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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

MBGYY	+ 1.0	MBGAF
VWAPY	+ 0.96	POAHY
VWAPY	+ 0.95	BMWYY
MBGAF	+ 0.94	BMWYY
MBGYY	+ 0.94	BMWYY
VWAPY	+ 0.94	MBGAF

High negative correlations

VWAPY	- 0.85	NSANY
NSANY	- 0.83	MBGYY
NSANY	- 0.83	MBGAF
NSANY	- 0.83	FUJHY
POAHY	- 0.81	NSANY
NSANY	- 0.8	BMWYY

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
FUJHY	1.58	(0.25)	0.00	(5.10)	0.00	0.00	2.53	(3.93)	11.97
SZKMY	1.33	(0.21)	0.00	(0.19)	0.00	0.00	2.73	(2.86)	8.85
ISUZY	1.19	(0.11)	0.00	2.07	0.00	0.00	2.63	(2.38)	7.37
BMWYY	1.49	(0.34)	0.00	1.15	0.00	0.00	2.86	(3.75)	12.90
MBGAF	1.30	(0.30)	0.00	1.24	0.00	0.00	1.72	(3.11)	11.65
MBGYY	1.31	(0.31)	0.00	1.26	0.00	0.00	1.87	(3.53)	12.33
NSANY	1.44	0.21	0.07	1.14	1.44	(1.72)	3.02	(2.48)	11.05
POAHY	1.31	(0.32)	0.00	1.68	0.00	0.00	2.22	(3.61)	10.40
VWAPY	1.23	(0.29)	0.00	0.86	0.00	0.00	2.73	(3.08)	8.76

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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
Masahiro Takeda	Gen Department	Profile

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