Masonite International Correlations
| DOORDelisted Stock | USD 104.05 0.04 0.04% |
The current 90-days correlation between Masonite International and Jeld Wen Holding is 0.21 (i.e., Modest diversification). The correlation of Masonite International 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Masonite International Correlation With Market
Average diversification
The correlation between Masonite International Corp and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Masonite International Corp and DJI in the same portfolio, assuming nothing else is changed.
Masonite |
Moving together with Masonite Stock
| 0.82 | MSB | Mesabi Trust | PairCorr |
| 0.75 | NTNX | Nutanix Earnings Call This Week | PairCorr |
| 0.76 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.76 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.8 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.72 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.62 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.84 | CSCO | Cisco Systems | PairCorr |
| 0.7 | T | ATT Inc Aggressive Push | PairCorr |
| 0.66 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.77 | WMT | Walmart Aggressive Push | PairCorr |
| 0.73 | HPQ | HP Inc | PairCorr |
Moving against Masonite Stock
| 0.83 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.62 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.52 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.41 | PG | Procter Gamble | PairCorr |
Related Correlations Analysis
| 0.75 | -0.65 | -0.51 | 0.74 | JELD | ||
| 0.75 | -0.14 | 0.0 | 0.85 | IBP | ||
| -0.65 | -0.14 | 0.85 | -0.41 | AWI | ||
| -0.51 | 0.0 | 0.85 | -0.1 | GMS | ||
| 0.74 | 0.85 | -0.41 | -0.1 | BLD | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Masonite Stock performing well and Masonite International 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 Masonite International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JELD | 2.41 | (0.48) | 0.00 | (0.20) | 0.00 | 3.93 | 37.15 | |||
| IBP | 1.93 | (0.17) | 0.00 | (0.03) | 0.00 | 5.19 | 14.90 | |||
| AWI | 0.93 | 0.26 | 0.24 | 0.35 | 0.56 | 2.35 | 5.22 | |||
| GMS | 1.41 | (0.05) | 0.00 | 0.07 | 1.91 | 3.02 | 9.77 | |||
| BLD | 1.65 | (0.24) | 0.00 | (0.07) | 0.00 | 4.30 | 12.30 |
Masonite International Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Masonite International stock to make a market-neutral strategy. Peer analysis of Masonite International could also be used in its relative valuation, which is a method of valuing Masonite International by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in Masonite International Corp?
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