Mitsubishi UFJ Financial Group, Inc. (MUFG) — Stock Correlations & Overview
Over the past year, MUFG has moved most closely with SMFG, MFG, EWJV. Explore the stocks most correlated and inversely correlated with MUFG below, along with its price, financials, and company profile.
Stocks correlated with MUFG
Correlation of daily returns. Higher positive values move with MUFG; negative values move opposite it. Informational only, not investment advice.
Most correlated with MUFG
| Symbol | Company | Correlation |
|---|---|---|
| SMFG | Sumitomo Mitsui Financial Group, Inc American Depositary Shares (each representing 3/5th of a share of common stock) | 0.89 |
| MFG | Mizuho Financial Group, Inc. American Depositary Shares (Each representing one-fifth of an Ordinary Share) | 0.84 |
| EWJV | iShares MSCI Japan Value ETF | 0.79 |
| JPY | Lazard Japanese Equity ETF | 0.73 |
| NMR | Nomura Holdings, Inc | 0.71 |
Most inversely correlated with MUFG
| Symbol | Company | Correlation |
|---|---|---|
| EWV | ProShares Trust UltraShort MSCI Japan | -0.67 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.57 |
| EFZ | ProShares Trust Short MSCI EAFE | -0.56 |
| BNKD | MicroSectors U.S. Big Banks -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.50 |
| EPV | ProShares UltraShort FTSE Europe | -0.49 |
Frequently asked questions about MUFG correlations
- Which stocks are most correlated with MUFG?
- Based on one year of daily returns, the stocks most correlated with Mitsubishi UFJ Financial Group, Inc. (MUFG) are SMFG (0.89), MFG (0.84) and EWJV (0.79). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with MUFG?
- Over the past year, the stocks most inversely correlated with Mitsubishi UFJ Financial Group, Inc. (MUFG) are EWV (-0.67), EFU (-0.57) and EFZ (-0.56). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these MUFG correlations calculated?
- We compute the correlation of daily returns between MUFG and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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