Mizuho Financial Correlations

MZ8 Stock

EUR 22.78 0.53 2.27%

The current 90-days correlation between Mizuho Financial and ICICI Bank Limited is -0.11 (i.e., Good 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

Weak diversification

The correlation between Mizuho Financial Group 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 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 Stock

0.83	HDFA	HDFC Bank Limited	Pair Corr
0.76	ICBA	ICICI Bank Limited	Pair Corr
0.96	DEVL	DBS Group Holdings	Pair Corr
0.85	SID	State Bank	Pair Corr
0.98	MZ8A	Mizuho Financial	Pair Corr
0.88	5JP	Japan Post Bank	Pair Corr
0.87	RC2	RCM TECHNOLOGIES	Pair Corr
0.96	VA7A	VERISK ANLYTCS A	Pair Corr
0.82	MSF	Microsoft	Pair Corr
0.87	AQHE	Event Hospitality	Pair Corr
0.89	WX1	Acadia Realty Trust	Pair Corr
0.92	ADH2	Air Canada	Pair Corr
0.9	2CDA	Controladora Vuela Compaa	Pair Corr
0.62	C6TB	CHINA BANK ADR20	Pair Corr
0.91	QAN	Qantas Airways	Pair Corr
0.77	HXL	Hexcel	Pair Corr
0.9	M4I	Mastercard	Pair Corr
0.83	APC	Apple Inc	Pair Corr
0.92	PNP	PNC Financial	Pair Corr
0.71	4GE	Grupo Mxico SAB	Pair Corr
0.93	EQN2	Equinix	Pair Corr
0.93	2WY	Wyndham Hotels Resorts	Pair Corr
0.92	AF4	HANOVER INSURANCE	Pair Corr
0.96	PPB	Flutter Entertainment PLC	Pair Corr
0.72	WX7	Corporate Office Pro	Pair Corr

Moving against Mizuho Stock

0.86	BYRA	PT Bank Rakyat	Pair Corr
0.78	BUU	DevEx Resources	Pair Corr
0.5	BZG2	PT Bank Central	Pair Corr
0.58	AXI	Atos SE	Pair Corr
0.34	C4S1	CHINA STATE STRU	Pair Corr
0.33	VAR1	Varta AG	Pair Corr

Related Correlations Analysis

	M4B	HDFA	ICBA	BZG2	DEVL	BYRA	MZ8	MZ8A	5JP
M4B		-0.31	-0.3	-0.06	-0.13	-0.07	-0.15	-0.09	0.02	M4B
HDFA	-0.31		0.89	-0.24	0.82	-0.71	0.83	0.8	0.64	HDFA
ICBA	-0.3	0.89		-0.16	0.78	-0.7	0.76	0.74	0.59	ICBA
BZG2	-0.06	-0.24	-0.16		-0.46	0.5	-0.5	-0.51	-0.47	BZG2
DEVL	-0.13	0.82	0.78	-0.46		-0.83	0.96	0.94	0.88	DEVL
BYRA	-0.07	-0.71	-0.7	0.5	-0.83		-0.86	-0.88	-0.74	BYRA
MZ8	-0.15	0.83	0.76	-0.5	0.96	-0.86		0.98	0.88	MZ8
MZ8A	-0.09	0.8	0.74	-0.51	0.94	-0.88	0.98		0.86	MZ8A
5JP	0.02	0.64	0.59	-0.47	0.88	-0.74	0.88	0.86		5JP
	M4B	HDFA	ICBA	BZG2	DEVL	BYRA	MZ8	MZ8A	5JP

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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

MZ8A	+ 0.98	MZ8
MZ8	+ 0.96	DEVL
MZ8A	+ 0.94	DEVL
ICBA	+ 0.89	HDFA
5JP	+ 0.88	DEVL
5JP	+ 0.88	MZ8

High negative correlations

MZ8A	- 0.88	BYRA
MZ8	- 0.86	BYRA
BYRA	- 0.83	DEVL
5JP	- 0.74	BYRA
BYRA	- 0.71	HDFA
BYRA	- 0.7	ICBA

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
M4B	2.33	0.52	0.16	(6.00)	2.47	(3.17)	5.77	(3.52)	25.66
HDFA	1.25	0.10	0.05	0.37	1.25	(1.92)	3.45	(2.70)	8.64
ICBA	1.36	0.07	0.03	0.27	1.53	(1.82)	3.01	(2.92)	9.37
BZG2	2.82	0.10	0.02	3.66	3.54	(3.98)	8.77	(7.81)	20.09
DEVL	1.00	0.20	0.12	1.45	1.18	(0.98)	2.31	(1.91)	10.94
BYRA	3.05	(0.11)	0.00	(10.94)	0.00	0.00	10.00	(6.67)	30.95
MZ8	1.72	0.33	0.18	0.36	1.57	(1.95)	3.76	(2.96)	10.59
MZ8A	1.44	0.43	0.23	1.76	1.08	(2.03)	3.89	(2.75)	11.28
5JP	1.83	0.09	0.04	0.15	1.93	(2.74)	4.88	(3.59)	12.88

Be your own money manager

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

Elected by the shareholders, the Mizuho Financial's board of directors comprises two types of representatives: Mizuho Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mizuho. The board's role is to monitor Mizuho Financial's management team and ensure that shareholders' interests are well served. Mizuho Financial's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mizuho Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.

Makoto Matsubara	Head Officer	Profile
Seiji Imai	Sr Pres	Profile
Naofumi Fuke	Sr Company	Profile
Masahiro Kihara	Group Pres	Profile
Makoto Umemiya	Sr Pres	Profile
Hiroaki Ehara	Head Officer	Profile
Nobuhiro Kaminoyama	Group Officer	Profile

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