STOMO MITSUI Correlations

Stocks . Germany . 
Stock . STOMO MITSUI FINL
XMF Stock   22.51  0.41  1.86%   
The current 90-days correlation between STOMO MITSUI FINL and Apple Inc is 0.2 (i.e., Modest diversification). The correlation of STOMO MITSUI 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.

STOMO MITSUI Correlation With Market

Weak diversification

The correlation between STOMO MITSUI FINL and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STOMO MITSUI FINL and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to STOMO MITSUI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STOMO MITSUI 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 STOMO MITSUI - 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 STOMO MITSUI FINL to buy it.

Moving together with STOMO Stock

  0.8APC Apple IncPairCorr
  0.8APC Apple IncPairCorr
  0.8APC Apple IncPairCorr
  0.79APC Apple IncPairCorr
  0.8APC Apple IncPairCorr
  0.8APC Apple IncPairCorr
  0.81MSF MicrosoftPairCorr
  0.81MSF MicrosoftPairCorr
  0.8MSF MicrosoftPairCorr
  0.81MSF MicrosoftPairCorr
  0.75RS6 RELIANCE STEEL ALPairCorr
  0.73WX7 Corporate Office ProPairCorr
  0.90XHR Xenia Hotels ResortsPairCorr
  0.882CDA Controladora Vuela CompaaPairCorr
  0.61TSFA Taiwan SemiconductorPairCorr
  0.92EN3 EnbridgePairCorr
  0.94WD5A TRAVEL LEISURE DLPairCorr
  0.92T9A TRAINLINE PLC LSPairCorr
  0.77KOMA KOMATSU LTD SPONSPairCorr
  0.82MSF MicrosoftPairCorr
  0.85FFH Fifth Third BancorpPairCorr
  0.95LIE Sun Life FinancialPairCorr
  0.83AZ5 AutoZonePairCorr

Moving against STOMO Stock

  0.82SSU Samsung ElectronicsPairCorr
  0.81SSU Samsung ElectronicsPairCorr
  0.77SSUN Samsung ElectronicsPairCorr
  0.75SSUN Samsung ElectronicsPairCorr
  0.65TCID Telkom Indonesia TbkPairCorr
  0.61PTI Perusahaan PerseroanPairCorr
  0.57TCID Telkom Indonesia TbkPairCorr
  0.57TCID Telkom Indonesia TbkPairCorr
  0.86TCID Telkom Indonesia TbkPairCorr
  0.6AXI Atos SEPairCorr
  0.46C4S1 CHINA STATE STRUPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between STOMO Stock performing well and STOMO MITSUI 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 STOMO MITSUI'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.88  0.26  0.20  0.76  0.89 
(0.99)
 1.81 
(1.75)
 4.97 
APC  0.85  0.25  0.18  0.78  0.98 
(0.93)
 1.88 
(1.73)
 5.24 
APC  0.86  0.26  0.21  1.37  0.84 
(0.95)
 2.06 
(1.76)
 4.50 
APC  0.93  0.26  0.17  0.70  1.04 
(0.99)
 2.22 
(1.83)
 6.45 
APC  0.95  0.27  0.23  0.74  0.74 
(1.11)
 2.83 
(1.69)
 5.24 
APC  0.84  0.26  0.20  0.64  1.00 
(0.95)
 1.88 
(1.61)
 6.46 
MSF  0.96  0.10  0.06  0.29  1.25 
(1.17)
 2.55 
(1.46)
 8.71 
MSF  1.05  0.09  0.05  0.19  1.38 
(1.17)
 2.35 
(1.75)
 9.11 
MSF  1.00  0.10  0.05  0.27  1.48 
(1.16)
 2.42 
(1.66)
 11.42 
MSF  0.92  0.09  0.05  0.28  1.33 
(1.00)
 2.04 
(1.49)
 8.79 

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Our tools can tell you how much better you can do entering a position in STOMO MITSUI 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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