Merrill Lynch Correlations

Stocks . USA . 
Stock . Merrill Lynch Depositor
IPB Stock  USD 25.88  0.17  0.66%   
The current 90-days correlation between Merrill Lynch Depositor and Goldman Sachs Capital is -0.04 (i.e., Good diversification). The correlation of Merrill Lynch 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.

Merrill Lynch Correlation With Market

Good diversification

The correlation between Merrill Lynch Depositor and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Merrill Lynch Depositor and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Merrill Lynch Depositor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Merrill Stock

  0.64STSSW Sharps Technology WarrantPairCorr
  0.63OSCR Oscar HealthPairCorr

Moving against Merrill Stock

  0.7RCB Ready CapitalPairCorr
  0.65OXSQG Oxford Square CapitalPairCorr
  0.64DISTR Distoken AcquisitionPairCorr
  0.55FCRX First Eagle AlternativePairCorr
  0.54FLYW Flywire CorpPairCorr
  0.53DLO DlocalPairCorr
  0.47HCXY Hercules CapitalPairCorr
  0.45GEGGL Great Elm GroupPairCorr
  0.45FIS Fidelity NationalPairCorr
  0.39EVTC EvertecPairCorr
  0.77PAYO Payoneer GlobalPairCorr
  0.71RWAYL MSCI ACWI exAUCONSUMERPairCorr
  0.68NEWTG NewtekOne, 850 percentPairCorr
  0.65PCSC Perceptive CapitalPairCorr
  0.57MHLA Maiden HoldingsPairCorr
  0.53MACI Melar Acquisition CorpPairCorr
  0.51ABLLL Abacus Life, 9875PairCorr
  0.5MARXR Mars Acquisition CorpPairCorr
  0.45ATMCR AlphaTime AcquisitionPairCorr
  0.4LPAA Launch One AcquisitionPairCorr
  0.37ATMVR AlphaVest AcquisitionPairCorr

Related Correlations Analysis

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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   
GJH
+ 0.72
KTN
MER-PK
+ 0.55
KTH
GJH
+ 0.52
MER-PK
KTH
+ 0.49
KTN
MER-PK
+ 0.44
KTN
GJH
+ 0.43
KTH
  
High negative correlations   
KTH
- 0.07
JBK

Risk-Adjusted Indicators

There is a big difference between Merrill Stock performing well and Merrill Lynch 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 Merrill Lynch'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.

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