Mitsui OSK Correlations

MSLOY Stock

USD 16.22 0.26 1.63%

The current 90-days correlation between Mitsui OSK Lines and SITC International Holdings is 0.07 (i.e., Significant diversification). The correlation of Mitsui OSK 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.

Mitsui OSK Correlation With Market

Modest diversification

The correlation between Mitsui OSK Lines 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 Mitsui OSK Lines and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Mitsui Pink Sheet

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0.33	SCHW	Charles Schwab Corp Normal Trading	Pair Corr
0.48	IGI	Western Asset Investment	Pair Corr
0.47	OZK	Bank Ozk	Pair Corr
0.41	BFST	Business First Bancshares Earnings Call This Week	Pair Corr
0.4	PCCWY	PCCW Limited Earnings Call This Week	Pair Corr
0.4	AMSC	American Superconductor	Pair Corr
0.36	MS	Morgan Stanley	Pair Corr
0.34	VMI	Valmont Industries Earnings Call Today	Pair Corr
0.33	IRM	Iron Mountain	Pair Corr
0.32	OP	Oceanpal	Pair Corr
0.32	YLLXF	Yellow Cake plc	Pair Corr
0.31	BA-PA	Boeing Earnings Call This Week	Pair Corr
0.53	57629WCW8	US57629WCW82	Pair Corr
0.52	FLUT	Flutter Entertainment plc	Pair Corr
0.49	TORO	Toro	Pair Corr
0.48	ORCL	Oracle Aggressive Push	Pair Corr
0.43	SAIH	SAIHEAT Limited Symbol Change	Pair Corr
0.43	MSFT	Microsoft Aggressive Push	Pair Corr
0.37	SPGI	SP Global	Pair Corr
0.33	PANW	Palo Alto Networks	Pair Corr

Related Correlations Analysis

	SITIY	NPNYY	AMKAF	OROVF	MSLOF	KAIKY	HPGLY	OROVY	CICOY
SITIY		0.52	0.6	0.83	0.24	0.72	0.03	0.8	0.78	SITIY
NPNYY	0.52		0.58	0.65	0.11	0.71	0.45	0.8	0.79	NPNYY
AMKAF	0.6	0.58		0.64	0.53	0.83	0.17	0.75	0.83	AMKAF
OROVF	0.83	0.65	0.64		0.32	0.87	0.07	0.89	0.88	OROVF
MSLOF	0.24	0.11	0.53	0.32		0.51	-0.33	0.31	0.3	MSLOF
KAIKY	0.72	0.71	0.83	0.87	0.51		0.14	0.89	0.9	KAIKY
HPGLY	0.03	0.45	0.17	0.07	-0.33	0.14		0.32	0.31	HPGLY
OROVY	0.8	0.8	0.75	0.89	0.31	0.89	0.32		0.94	OROVY
CICOY	0.78	0.79	0.83	0.88	0.3	0.9	0.31	0.94		CICOY
	SITIY	NPNYY	AMKAF	OROVF	MSLOF	KAIKY	HPGLY	OROVY	CICOY

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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

CICOY	+ 0.94	OROVY
CICOY	+ 0.9	KAIKY
OROVY	+ 0.89	OROVF
OROVY	+ 0.89	KAIKY
CICOY	+ 0.88	OROVF
KAIKY	+ 0.87	OROVF

High negative correlations

HPGLY

- 0.33

MSLOF

Risk-Adjusted Indicators

There is a big difference between Mitsui Pink Sheet performing well and Mitsui OSK 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 Mitsui OSK'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
SITIY	3.37	0.81	0.06	(0.22)	3.22	(7.86)	12.03	(8.18)	38.80
NPNYY	1.57	0.07	0.01	0.23	2.02	(1.74)	3.91	(2.56)	10.94
AMKAF	1.84	0.41	0.05	11.84	2.62	(3.27)	5.18	(2.77)	23.74
OROVF	0.78	0.31	0.00	(1.21)	0.00	0.00	5.30	0.00	15.47
MSLOF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.09
KAIKY	0.89	0.49	0.00	(1.47)	0.00	0.00	0.00	0.00	19.62
HPGLY	1.82	0.05	(0.02)	0.68	2.39	(3.81)	6.61	(4.64)	22.01
OROVY	2.33	0.57	0.10	(7.02)	2.32	(4.02)	8.35	(6.05)	15.48
CICOY	1.65	0.38	0.12	1.70	1.76	(2.10)	4.18	(2.60)	16.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mitsui OSK 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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Mitsui OSK Corporate Management

Makoto Yamaguchi	Chief Officer	Profile
Junko Moro	Executive Officer	Profile
Sanae Sonoda	Gen Division	Profile
Tsuneo Watanabe	Exec Unit	Profile

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