Man Group Correlations

M3N Stock

EUR 3.08 0.10 3.36%

The current 90-days correlation between Man Group plc and LGI Homes is -0.11 (i.e., Good diversification). The correlation of Man Group 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.

Man Group Correlation With Market

Significant diversification

The correlation between Man Group plc and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Man Group plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Man Stock

0.8	HHX	HAMMONIA Schiffsholding	Pair Corr
0.75	COZ	Cognizant Technology	Pair Corr
0.85	2UK	OSB GROUP PLC	Pair Corr
0.91	5IS	Information Services	Pair Corr
0.64	WAC	Wacker Neuson SE	Pair Corr
0.63	SRT4	SARTORIUS AG UNSPADR Earnings Call This Week	Pair Corr
0.73	8ZI	Scandinavian Tobacco	Pair Corr
0.88	LFL0	LATAM Airlines Group	Pair Corr
0.84	1ZG	Zegona Communications plc	Pair Corr
0.89	4GE	Grupo Mxico SAB	Pair Corr
0.75	Y87	GOLCONDA GOLD LTD	Pair Corr
0.85	5M2	MEDIA NUSANTARA CIT	Pair Corr
0.71	5CI	Logista	Pair Corr
0.84	HPX	Hisamitsu Pharmaceutical	Pair Corr

Moving against Man Stock

0.61	MSF	Microsoft	Pair Corr
0.6	MSF	Microsoft	Pair Corr
0.6	MSF	Microsoft	Pair Corr
0.5	MSF	Microsoft	Pair Corr
0.48	D7GA	NEL ASA ADR30	Pair Corr
0.5	VRQ	VERGNET Split	Pair Corr

Related Correlations Analysis

	SW6	AOC	FJZ	LG1	MEY	BE4A	A4XA	4A0
SW6		0.04	-0.29	0.45	0.28	0.27	0.02	0.18	SW6
AOC	0.04		0.7	0.31	0.14	-0.35	-0.49	0.3	AOC
FJZ	-0.29	0.7		0.27	0.37	0.02	-0.25	-0.01	FJZ
LG1	0.45	0.31	0.27		0.8	0.46	-0.22	0.13	LG1
MEY	0.28	0.14	0.37	0.8		0.7	-0.09	0.04	MEY
BE4A	0.27	-0.35	0.02	0.46	0.7		0.2	-0.09	BE4A
A4XA	0.02	-0.49	-0.25	-0.22	-0.09	0.2		-0.23	A4XA
4A0	0.18	0.3	-0.01	0.13	0.04	-0.09	-0.23		4A0
	SW6	AOC	FJZ	LG1	MEY	BE4A	A4XA	4A0

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

MEY	+ 0.8	LG1
FJZ	+ 0.7	AOC
BE4A	+ 0.7	MEY
BE4A	+ 0.46	LG1
LG1	+ 0.45	SW6
MEY	+ 0.37	FJZ

High negative correlations

A4XA	- 0.49	AOC
BE4A	- 0.35	AOC
FJZ	- 0.29	SW6
A4XA	- 0.25	FJZ
4A0	- 0.23	A4XA
A4XA	- 0.22	LG1

Risk-Adjusted Indicators

There is a big difference between Man Stock performing well and Man Group 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 Man Group'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
SW6	0.93	0.10	0.01	1.70	0.93	(1.01)	2.15	(1.46)	6.23
AOC	2.64	0.66	0.21	0.97	2.34	(3.45)	6.40	(4.17)	18.88
FJZ	2.79	0.22	0.08	0.26	2.96	(3.23)	5.97	(5.33)	16.20
LG1	2.96	0.33	0.08	1.76	2.92	(3.97)	9.57	(5.42)	18.70
MEY	1.72	0.18	0.06	0.46	1.63	(2.26)	4.40	(3.15)	9.30
BE4A	2.01	0.10	0.01	0.37	2.47	(2.43)	5.85	(3.81)	13.39
A4XA	1.08	(0.01)	(0.05)	0.06	1.26	(1.46)	2.26	(2.21)	6.58
4A0	1.01	0.05	0.00	0.43	0.00	0.00	0.00	0.00	30.95

Be your own money manager

Our tools can tell you how much better you can do entering a position in Man Group 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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Man Group Corporate Management

Elected by the shareholders, the Man Group's board of directors comprises two types of representatives: Man Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Man. The board's role is to monitor Man Group's management team and ensure that shareholders' interests are well served. Man Group's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Man Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Kasper	Head Treasurer	Profile
Sandy Rattray	Chief Investment Officer	Profile
John Cryan	Independent Non-Executive Chairman of the Board	Profile
Rudolphus Hendriks	Chairman Department	Profile
Dev Sanyal	Independent Non-Executive Director	Profile
Alice Rivers	Interim Company Secretary	Profile

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