M VEST Correlations

7YA Stock

0.52 0.02 3.70%

The correlation of M VEST 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.

M VEST Correlation With Market

Pay attention - limited upside

The correlation between M VEST WATER and DJI is -0.8 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding M VEST WATER and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with 7YA Stock

0.76	5PZ	SOLTEC POWER HOLD Split	Pair Corr
0.67	OBD	Obducat AB	Pair Corr

Moving against 7YA Stock

0.81	VOS	Vossloh AG	Pair Corr
0.8	P2U	SHIZUOKA FIN GROUP	Pair Corr
0.8	VOS	Vossloh AG	Pair Corr
0.77	NB9	National Bank Holdings	Pair Corr
0.75	SSUN	Samsung Electronics	Pair Corr
0.75	SSUN	Samsung Electronics	Pair Corr
0.75	SSU	Samsung Electronics	Pair Corr
0.74	SSU	Samsung Electronics	Pair Corr
0.74	KGHA	KGHM Polska Miedz	Pair Corr
0.71	TGI	TETRA Technologies Earnings Call This Week	Pair Corr
0.68	M83	Middle Island Resources	Pair Corr
0.66	EM4	EMCOR Group Earnings Call This Week	Pair Corr
0.66	KWI0	KURITA WTR INDUNSPADR	Pair Corr
0.65	EB9	African Rainbow Minerals	Pair Corr
0.64	AES	AES Earnings Call This Week	Pair Corr
0.61	1ZU	PENNANT GROUP DL Earnings Call This Week	Pair Corr
0.61	G1MN	Globex Mining Enterprises	Pair Corr
0.58	PRU	Prudential plc	Pair Corr
0.55	9K1	NORDIC HALIBUT AS	Pair Corr
0.43	FJK	Fujikura	Pair Corr
0.42	PF8	European Lithium	Pair Corr
0.33	BYRA	PT Bank Rakyat Earnings Call This Week	Pair Corr
0.31	PQ90	BK MANDIRI ADR20	Pair Corr
0.86	EZM	Compagnie Plastic Omnium Earnings Call This Week	Pair Corr
0.84	D6H	DATAGROUP SE	Pair Corr
0.79	MCP	MICROCHIP TECH	Pair Corr
0.79	PZX	Ping An Insurance	Pair Corr
0.79	ATO0	ATS P	Pair Corr
0.79	KCN	KINGSGATE SOLID Earnings Call This Week	Pair Corr
0.78	I8M	Sims Metal Management	Pair Corr
0.76	JOT	ELEKTROBIT	Pair Corr
0.76	DBPE	Xtrackers LevDAX	Pair Corr

Related Correlations Analysis

	2I7	55L	JMI	U1P	U1P	PX0	3GRE	FTD	RSX
2I7		0.0	0.0	-1.0	-1.0	0.0	0.0	0.0	0.0	2I7
55L	0.0		-0.25	0.0	0.0	-0.08	0.23	-0.35	-0.15	55L
JMI	0.0	-0.25		0.0	0.0	0.5	-0.7	0.7	0.18	JMI
U1P	-1.0	0.0	0.0		1.0	0.0	0.0	0.0	0.0	U1P
U1P	-1.0	0.0	0.0	1.0		0.0	0.0	0.0	0.0	U1P
PX0	0.0	-0.08	0.5	0.0	0.0		-0.19	0.34	0.21	PX0
3GRE	0.0	0.23	-0.7	0.0	0.0	-0.19		-0.47	-0.01	3GRE
FTD	0.0	-0.35	0.7	0.0	0.0	0.34	-0.47		0.12	FTD
RSX	0.0	-0.15	0.18	0.0	0.0	0.21	-0.01	0.12		RSX
	2I7	55L	JMI	U1P	U1P	PX0	3GRE	FTD	RSX

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

U1P	+ 1.0	U1P
FTD	+ 0.7	JMI
PX0	+ 0.5	JMI
FTD	+ 0.34	PX0
3GRE	+ 0.23	55L
RSX	+ 0.21	PX0

High negative correlations

U1P	- 1.0	2I7
U1P	- 1.0	2I7
3GRE	- 0.7	JMI
FTD	- 0.47	3GRE
FTD	- 0.35	55L
JMI	- 0.25	55L

Risk-Adjusted Indicators

There is a big difference between 7YA Stock performing well and M VEST 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 M VEST'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
2I7	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
55L	82.68	41.57	0.75	(1.43)	21.59	(236.24)	60.00	(44.44)	2,195
JMI	2.93	0.82	0.19	0.99	3.34	(3.51)	5.92	(6.38)	19.55
U1P	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
U1P	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PX0	9.06	0.84	0.08	0.27	9.92	(14.74)	13.33	(14.29)	140.63
3GRE	27.99	10.81	0.18	(2.26)	17.92	(124.91)	23.21	(28.57)	866.39
FTD	1.25	0.32	0.18	1.23	1.12	(1.54)	2.89	(2.20)	10.97
RSX	175.03	86.87	0.89	13.74	26.99	(1,050)	1,200	(92.31)	1,292

Be your own money manager

Our tools can tell you how much better you can do entering a position in M VEST 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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