Mitsubishi UFJ Correlations
| MBFJF Stock | USD 15.50 0.05 0.32% |
The current 90-days correlation between Mitsubishi UFJ Financial and Banco Bilbao Vizcaya is -0.26 (i.e., Very good 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
Modest diversification
The correlation between Mitsubishi UFJ Financial and DJI is 0.28 (i.e., Modest 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.
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The ability to find closely correlated positions to Mitsubishi UFJ could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mitsubishi UFJ 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 Mitsubishi UFJ - 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 Mitsubishi UFJ Financial to buy it.
Moving together with Mitsubishi Pink Sheet
| 0.62 | BAC-PK | Bank of America | PairCorr |
| 0.73 | IDCBF | Industrial and Commercial | PairCorr |
| 0.73 | IDCBY | Industrial Commercial | PairCorr |
| 0.94 | MUFG | Mitsubishi UFJ Financial | PairCorr |
| 0.73 | BKLRF | Berkeley Energy | PairCorr |
| 0.73 | WM | Waste Management | PairCorr |
| 0.75 | RGC | Regencell Bioscience Trending | PairCorr |
| 0.76 | GLU | Gabelli Global Utility | PairCorr |
| 0.74 | ANPMF | Andean Precious Metals | PairCorr |
| 0.73 | ISMAY | Indra Sistemas SA | PairCorr |
| 0.65 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.88 | GTN | Gray Television | PairCorr |
| 0.84 | AEM | Agnico Eagle Mines | PairCorr |
Moving against Mitsubishi Pink Sheet
| 0.72 | LNDNF | Lundin Energy AB | PairCorr |
| 0.31 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.49 | SHWZ | Medicine Man Technologies | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Mitsubishi Pink Sheet 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBVXF | 2.63 | 0.63 | 0.12 | (0.66) | 2.93 | 8.26 | 24.92 | |||
| ANZGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AAVMY | 1.25 | 0.53 | 0.31 | (7.03) | 1.19 | 3.62 | 13.50 | |||
| INGVF | 1.40 | 0.12 | 0.03 | 2.87 | 1.81 | 5.90 | 13.52 | |||
| BNDSF | 2.47 | 0.76 | 0.19 | (1.22) | 2.08 | 6.12 | 20.15 | |||
| CICHF | 2.16 | 0.29 | 0.06 | (0.57) | 2.62 | 6.17 | 18.87 | |||
| BACHF | 2.70 | 0.35 | 0.08 | 0.33 | 2.98 | 6.67 | 18.26 | |||
| BML-PH | 0.37 | 0.02 | 0.02 | 0.12 | 0.51 | 0.88 | 3.51 | |||
| ACGBF | 2.28 | 0.39 | 0.05 | (0.59) | 2.77 | 7.84 | 27.14 | |||
| MUFG | 1.31 | 0.33 | 0.22 | 0.49 | 1.13 | 3.72 | 7.42 |
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Mitsubishi UFJ Corporate Management
| Taka Saka | IR Mang | Profile | |
| Naomi Hayashi | Managing Executive Officer, Group Chief Strategy Officer | Profile | |
| Toshiki Ochi | Managing CIO | Profile | |
| Hironori Kamezawa | Managing Executive Officer, Group CIO, Group Chief Digital Transformation Officer | Profile | |
| Hideaki Takase | Grp Exe | Profile | |
| Randall Chafetz | Vice Banking | Profile |