MISUMI Correlations
| MSSMY Stock | USD 8.13 0.24 3.04% |
The current 90-days correlation between MISUMI Group and Timken Company is 0.24 (i.e., Modest diversification). The correlation of MISUMI 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.
MISUMI Correlation With Market
Modest diversification
The correlation between MISUMI Group and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MISUMI Group and DJI in the same portfolio, assuming nothing else is changed.
MISUMI |
The ability to find closely correlated positions to MISUMI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MISUMI 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 MISUMI - 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 MISUMI Group to buy it.
Moving together with MISUMI Pink Sheet
| 0.74 | SWK | Stanley Black Decker | PairCorr |
| 0.66 | NIHK | Video River Networks | PairCorr |
| 0.67 | CADL | Candel Therapeutics Trending | PairCorr |
Moving against MISUMI Pink Sheet
| 0.81 | SNA | Snap On | PairCorr |
| 0.72 | LECO | Lincoln Electric Holdings | PairCorr |
| 0.64 | HNRC | Houston Natural Resources | PairCorr |
| 0.55 | SLF | Sun Life Financial | PairCorr |
| 0.51 | RBC | RBC Bearings | PairCorr |
| 0.79 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.78 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.75 | ASPI | ASP Isotopes Common Upward Rally | PairCorr |
| 0.72 | EA | Electronic Arts | PairCorr |
| 0.7 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.69 | HWM | Howmet Aerospace | PairCorr |
| 0.67 | XAIR | Beyond Air | PairCorr |
| 0.62 | LTBR | Lightbridge Corp | PairCorr |
| 0.6 | ABNB | Airbnb Inc | PairCorr |
| 0.57 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.56 | LOVE | Lovesac | PairCorr |
| 0.41 | ASAN | Asana Inc Tech Boost | PairCorr |
| 0.4 | RGTI | Rigetti Computing Trending | PairCorr |
| 0.31 | VFS | VinFast Auto | PairCorr |
| 0.8 | CSCO | Cisco Systems | PairCorr |
| 0.73 | SEZL | Sezzle Common Stock | PairCorr |
| 0.7 | PLTR | Palantir Technologies Buyout Trend | PairCorr |
| 0.68 | HITI | High Tide | PairCorr |
| 0.67 | GEN | Gen Digital | PairCorr |
| 0.65 | MFG | Mizuho Financial | PairCorr |
Related Correlations Analysis
| -0.62 | -0.19 | -0.75 | -0.67 | TKR | ||
| -0.62 | 0.28 | 0.88 | 0.93 | LECO | ||
| -0.19 | 0.28 | 0.29 | 0.1 | TTC | ||
| -0.75 | 0.88 | 0.29 | 0.81 | KMT | ||
| -0.67 | 0.93 | 0.1 | 0.81 | SNA | ||
| 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 MISUMI Pink Sheet performing well and MISUMI 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 MISUMI'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TKR | 1.42 | (0.17) | 0.00 | (0.03) | 0.00 | 2.80 | 16.50 | |||
| LECO | 1.42 | 0.05 | 0.11 | 0.12 | 1.08 | 3.09 | 9.06 | |||
| TTC | 1.05 | 0.03 | 0.01 | 0.13 | 1.19 | 2.23 | 6.33 | |||
| KMT | 1.49 | (0.11) | 0.03 | 0.05 | 1.60 | 2.72 | 23.53 | |||
| SNA | 0.93 | 0.27 | 0.50 | 0.31 | 0.00 | 1.94 | 10.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MISUMI 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.Did you try this?
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MISUMI Corporate Management
| Shigehito Nakamura | Representative Platform | Profile | |
| Toshinari Sato | Sr CIO | Profile | |
| Ichiro Otokozawa | Sr Officer | Profile | |
| Hiroshi Taguchi | Founder Advisor | Profile | |
| Shigetaka Shimizu | Pres Officer | Profile | |
| Kosuke Nishimoto | Chairman Officer | Profile | |
| Takako Sasaki | Representative Platform | Profile |