Mizuho Financial Correlations

MZHOF Stock

USD 28.05 1.14 3.91%

The correlation of Mizuho Financial 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.

Mizuho Financial Correlation With Market

Modest diversification

The correlation between Mizuho Financial Group and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mizuho Financial Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mizuho Pink Sheet

0.61	CIHKY	China Merchants Bank	Pair Corr
0.68	BBAS3	Banco do Brasil	Pair Corr
0.7	BNPQY	BNP Paribas SA	Pair Corr
0.66	BNPQF	BNP Paribas SA	Pair Corr
0.62	PBMRF	PT Bumi Resources Earnings Call This Week	Pair Corr
0.73	CSCO	Cisco Systems	Pair Corr
0.85	IBM	International Business	Pair Corr
0.65	GE	GE Aerospace	Pair Corr
0.66	KO	Coca Cola Aggressive Push	Pair Corr
0.64	JPM	JPMorgan Chase	Pair Corr

Moving against Mizuho Pink Sheet

0.51	PBCRF	PT Bank Central	Pair Corr
0.44	CAT	Caterpillar	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr

Related Correlations Analysis

	BCH	BSBR	CFB	BBDO	CFBK	BRKL	HTBK	CATC	EBC
BCH		0.8	0.15	0.62	-0.21	0.19	0.46	0.0	0.52	BCH
BSBR	0.8		0.46	0.91	0.09	0.48	0.65	0.0	0.78	BSBR
CFB	0.15	0.46		0.45	0.86	0.87	0.89	0.0	0.76	CFB
BBDO	0.62	0.91	0.45		0.1	0.4	0.56	0.0	0.74	BBDO
CFBK	-0.21	0.09	0.86	0.1		0.73	0.67	0.0	0.47	CFBK
BRKL	0.19	0.48	0.87	0.4	0.73		0.73	0.0	0.83	BRKL
HTBK	0.46	0.65	0.89	0.56	0.67	0.73		0.0	0.76	HTBK
CATC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CATC
EBC	0.52	0.78	0.76	0.74	0.47	0.83	0.76	0.0		EBC
	BCH	BSBR	CFB	BBDO	CFBK	BRKL	HTBK	CATC	EBC

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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

BBDO	+ 0.91	BSBR
HTBK	+ 0.89	CFB
BRKL	+ 0.87	CFB
CFBK	+ 0.86	CFB
EBC	+ 0.83	BRKL
BSBR	+ 0.8	BCH

High negative correlations

CFBK	- 0.21	BCH
EBC	- 0.0	CATC
CATC	- 0.0	HTBK
CATC	- 0.0	BRKL
CATC	- 0.0	CFBK
CATC	- 0.0	BBDO

Risk-Adjusted Indicators

There is a big difference between Mizuho Pink Sheet performing well and Mizuho Financial 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 Mizuho Financial'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
BCH	0.82	0.22	0.16	0.86	0.93	(0.82)	1.99	(1.47)	4.72
BSBR	1.84	0.09	0.03	0.22	2.52	(1.88)	3.95	(4.48)	10.10
CFB	1.41	(0.10)	0.00	(0.08)	0.00	0.00	2.78	(2.78)	8.40
BBDO	1.92	(0.06)	0.00	(0.18)	0.00	0.00	3.13	(4.50)	10.67
CFBK	1.72	(0.19)	0.00	(0.34)	0.00	0.00	3.19	(4.08)	13.90
BRKL	1.12	(0.04)	0.00	(0.04)	0.00	0.00	2.72	(2.17)	6.72
HTBK	1.03	0.01	0.00	0.01	1.33	(1.19)	2.22	(2.33)	6.62
CATC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBC	1.25	(0.06)	0.00	(0.05)	0.00	0.00	2.80	(3.01)	7.95

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

Makoto Matsubara	Head Officer	Profile
Naofumi Fuke	Managing Executive Officer	Profile
Masahiro Kihara	Group Pres	Profile
Hiroaki Ehara	Managing Executive Officer	Profile
Nobuhiro Kaminoyama	Group Officer	Profile

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