Correlation
The correlation between MIELY and CARR is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
MIELY vs. CARR
Compare and contrast key facts about Mitsubishi Electric Corp ADR (MIELY) and Carrier Global Corporation (CARR).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIELY or CARR.
Performance
MIELY vs. CARR - Performance Comparison
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Key characteristics
MIELY:
0.41
CARR:
0.31
MIELY:
0.84
CARR:
0.56
MIELY:
1.11
CARR:
1.07
MIELY:
0.57
CARR:
0.22
MIELY:
1.46
CARR:
0.51
MIELY:
10.91%
CARR:
14.11%
MIELY:
42.27%
CARR:
33.55%
MIELY:
-68.47%
CARR:
-41.60%
MIELY:
0.00%
CARR:
-14.14%
Fundamentals
MIELY:
$43.47B
CARR:
$60.85B
MIELY:
$2.17
CARR:
$1.50
MIELY:
19.30
CARR:
47.32
MIELY:
2.53
CARR:
39.43
MIELY:
0.01
CARR:
2.73
MIELY:
1.58
CARR:
4.39
MIELY:
$1.29T
CARR:
$23.04B
MIELY:
$372.90B
CARR:
$6.36B
MIELY:
$108.89B
CARR:
$4.00B
Returns By Period
In the year-to-date period, MIELY achieves a 22.50% return, which is significantly higher than CARR's 3.98% return.
MIELY
22.50%
12.55%
23.13%
16.12%
24.99%
13.45%
6.73%
CARR
3.98%
18.18%
-10.00%
8.12%
23.22%
30.09%
N/A
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Risk-Adjusted Performance
MIELY vs. CARR — Risk-Adjusted Performance Rank
MIELY
CARR
MIELY vs. CARR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Mitsubishi Electric Corp ADR (MIELY) and Carrier Global Corporation (CARR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
MIELY vs. CARR - Dividend Comparison
MIELY has not paid dividends to shareholders, while CARR's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MIELY Mitsubishi Electric Corp ADR | 0.00% | 1.13% | 2.28% | 3.04% | 2.84% | 2.22% | 2.67% | 3.25% | 1.72% | 1.75% | 2.03% | 1.51% |
CARR Carrier Global Corporation | 1.17% | 1.16% | 1.30% | 1.54% | 0.94% | 0.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MIELY vs. CARR - Drawdown Comparison
The maximum MIELY drawdown since its inception was -68.47%, which is greater than CARR's maximum drawdown of -41.60%. Use the drawdown chart below to compare losses from any high point for MIELY and CARR.
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Volatility
MIELY vs. CARR - Volatility Comparison
The current volatility for Mitsubishi Electric Corp ADR (MIELY) is 8.40%, while Carrier Global Corporation (CARR) has a volatility of 13.28%. This indicates that MIELY experiences smaller price fluctuations and is considered to be less risky than CARR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Financials
MIELY vs. CARR - Financials Comparison
This section allows you to compare key financial metrics between Mitsubishi Electric Corp ADR and Carrier Global Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities