Mizuho Financial Correlations

MFG Stock

USD 5.08 0.18 3.67%

The current 90-days correlation between Mizuho Financial and Banco Santander Chile is 0.12 (i.e., Average diversification). 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 0.28 (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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mizuho Financial Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Mizuho Stock

0.89	AX	Axos Financial	Pair Corr
0.87	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr
0.91	PB	Prosperity Bancshares Fiscal Year End 22nd of January 2025	Pair Corr
0.94	RF	Regions Financial Fiscal Year End 17th of January 2025	Pair Corr
0.9	VBNK	VersaBank Normal Trading	Pair Corr
0.84	VBTX	Veritex Holdings Fiscal Year End 28th of January 2025	Pair Corr
0.82	TECTP	Tectonic Financial	Pair Corr
0.71	EBMT	Eagle Bancorp Montana Normal Trading	Pair Corr
0.87	EBTC	Enterprise Bancorp	Pair Corr
0.89	EFSC	Enterprise Financial Fiscal Year End 27th of January 2025	Pair Corr
0.84	EGBN	Eagle Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.85	WABC	Westamerica Bancorporation Fiscal Year End 16th of January 2025	Pair Corr
0.78	WASH	Washington Trust Bancorp Fiscal Year End 22nd of January 2025	Pair Corr
0.65	BANC-PF	Banc of California	Pair Corr
0.87	EQBK	Equity Bancshares, Fiscal Year End 22nd of January 2025	Pair Corr
0.72	ESSA	ESSA Bancorp	Pair Corr
0.76	EVBN	Evans Bancorp	Pair Corr
0.86	EWBC	East West Bancorp Fiscal Year End 28th of January 2025	Pair Corr
0.75	WSBCP	WesBanco	Pair Corr

Moving against Mizuho Stock

0.72	CFG-PE	Citizens Financial	Pair Corr
0.7	TFC-PO	Truist Financial	Pair Corr
0.67	TFC-PR	Truist Financial	Pair Corr
0.43	WAFDP	Washington Federal	Pair Corr
0.36	FRCIL	First Republic Bank	Pair Corr

Related Correlations Analysis

	BSAC	ITUB	BCH	BBDO	KEY-PI	FNWD	CWBC	FFNW	NFBK
BSAC		0.72	0.91	0.65	0.21	-0.17	-0.44	0.29	-0.59	BSAC
ITUB	0.72		0.84	0.89	-0.12	-0.42	-0.33	0.14	-0.68	ITUB
BCH	0.91	0.84		0.86	-0.04	-0.35	-0.42	0.32	-0.72	BCH
BBDO	0.65	0.89	0.86		-0.28	-0.56	-0.37	0.32	-0.75	BBDO
KEY-PI	0.21	-0.12	-0.04	-0.28		0.5	-0.18	0.19	0.04	KEY-PI
FNWD	-0.17	-0.42	-0.35	-0.56	0.5		-0.3	-0.16	0.17	FNWD
CWBC	-0.44	-0.33	-0.42	-0.37	-0.18	-0.3		-0.08	0.73	CWBC
FFNW	0.29	0.14	0.32	0.32	0.19	-0.16	-0.08		-0.14	FFNW
NFBK	-0.59	-0.68	-0.72	-0.75	0.04	0.17	0.73	-0.14		NFBK
	BSAC	ITUB	BCH	BBDO	KEY-PI	FNWD	CWBC	FFNW	NFBK

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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

BCH	+ 0.91	BSAC
BBDO	+ 0.89	ITUB
BBDO	+ 0.86	BCH
BCH	+ 0.84	ITUB
NFBK	+ 0.73	CWBC
ITUB	+ 0.72	BSAC

High negative correlations

NFBK	- 0.75	BBDO
NFBK	- 0.72	BCH
NFBK	- 0.68	ITUB
NFBK	- 0.59	BSAC
FNWD	- 0.56	BBDO
CWBC	- 0.44	BSAC

Risk-Adjusted Indicators

There is a big difference between Mizuho Stock 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
BSAC	1.05	(0.17)	0.00	(0.29)	0.00	0.00	2.23	(2.57)	6.65
ITUB	1.24	(0.36)	0.00	(1.48)	0.00	0.00	2.28	(2.96)	7.63
BCH	0.90	(0.21)	0.00	(0.35)	0.00	0.00	1.86	(2.35)	6.77
BBDO	1.54	(0.42)	0.00	4.64	0.00	0.00	2.62	(3.96)	10.00
KEY-PI	0.60	0.05	(0.09)	0.51	0.60	(0.69)	1.43	(1.02)	4.04
FNWD	0.97	0.18	0.07	0.79	0.75	(1.20)	2.48	(1.80)	12.55
CWBC	1.03	(0.03)	0.00	0.10	1.12	(1.13)	2.53	(2.16)	9.14
FFNW	0.59	(0.06)	0.00	(0.05)	0.00	0.00	1.36	(1.13)	4.32
NFBK	1.86	(0.14)	0.04	0.08	1.82	(2.26)	4.14	(2.85)	20.29

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