MPH Health Correlations

93M1 Stock

EUR 23.80 0.20 0.83%

The current 90-days correlation between MPH Health Care and CITY OFFICE REIT is -0.1 (i.e., Good diversification). The correlation of MPH Health 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.

MPH Health Correlation With Market

Average diversification

The correlation between MPH Health Care and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MPH Health Care and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against MPH Stock

0.4	APC	Apple Inc	Pair Corr
0.39	APC	Apple Inc	Pair Corr
0.39	APC	Apple Inc	Pair Corr
0.39	APC	Apple Inc	Pair Corr
0.38	APC	Apple Inc	Pair Corr
0.38	APC	Apple Inc	Pair Corr
0.34	MSF	Microsoft	Pair Corr
0.33	MSF	Microsoft	Pair Corr
0.33	MSF	Microsoft	Pair Corr
0.31	MSF	Microsoft	Pair Corr

Related Correlations Analysis

	5QV	A9U	SWN	INR	SIA1	AOX	5RU	SWN
5QV		0.74	0.45	0.61	0.63	0.19	0.0	0.47	5QV
A9U	0.74		0.52	0.65	0.6	0.46	0.0	0.51	A9U
SWN	0.45	0.52		0.91	0.16	0.63	0.0	0.97	SWN
INR	0.61	0.65	0.91		0.33	0.64	0.0	0.91	INR
SIA1	0.63	0.6	0.16	0.33		-0.06	0.0	0.16	SIA1
AOX	0.19	0.46	0.63	0.64	-0.06		0.0	0.62	AOX
5RU	0.0	0.0	0.0	0.0	0.0	0.0		0.0	5RU
SWN	0.47	0.51	0.97	0.91	0.16	0.62	0.0		SWN
	5QV	A9U	SWN	INR	SIA1	AOX	5RU	SWN

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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

SWN	+ 0.97	SWN
INR	+ 0.91	SWN
SWN	+ 0.91	INR
A9U	+ 0.74	5QV
INR	+ 0.65	A9U
AOX	+ 0.64	INR

High negative correlations

AOX	- 0.06	SIA1
SWN	- 0.0	5RU
5RU	- 0.0	AOX
5RU	- 0.0	SIA1
5RU	- 0.0	INR
5RU	- 0.0	SWN

Risk-Adjusted Indicators

There is a big difference between MPH Stock performing well and MPH Health 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 MPH Health'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
5QV	2.25	0.17	0.06	1.19	2.51	(2.65)	4.94	(4.55)	14.23
A9U	1.01	(0.06)	0.00	2.15	0.00	0.00	2.84	(1.72)	10.80
SWN	1.36	0.32	0.22	(0.65)	1.21	(1.63)	3.23	(2.15)	6.77
INR	1.60	0.56	0.28	(1.20)	1.36	(1.91)	3.44	(2.34)	12.22
SIA1	0.82	(0.03)	0.00	0.73	0.00	0.00	1.88	(1.99)	5.72
AOX	1.55	(0.08)	0.00	(0.72)	0.00	0.00	3.97	(2.31)	34.49
5RU	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SWN	1.31	0.28	0.18	(8.74)	1.33	(1.48)	3.79	(2.07)	8.59

Be your own money manager

Our tools can tell you how much better you can do entering a position in MPH Health 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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