Mastercard Correlations

Stocks . USA . 
Stock . Mastercard
MA Stock  USD 564.76  1.55  0.27%   
The current 90-days correlation between Mastercard and American Express is 0.55 (i.e., Very weak diversification). The correlation of Mastercard 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.

Mastercard Correlation With Market

Weak diversification

The correlation between Mastercard and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mastercard and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mastercard. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For information on how to trade Mastercard Stock refer to our How to Trade Mastercard Stock guide.

Moving together with Mastercard Stock

  0.95V Visa Class APairCorr
  0.79ENVA Enova InternationalPairCorr
  0.64AXP American ExpressPairCorr
  0.8COF Capital One FinancialPairCorr
  0.78DFS Discover FinancialPairCorr
  0.83LEGT Legato Merger CorpPairCorr
  0.74C Citigroup Aggressive PushPairCorr
  0.84BK Bank of New YorkPairCorr
  0.69DB Deutsche Bank AG Normal TradingPairCorr
  0.71GL Globe LifePairCorr
  0.83GS Goldman Sachs GroupPairCorr
  0.73LX Lexinfintech HoldingsPairCorr
  0.65MC MoelisPairCorr
  0.71MS Morgan StanleyPairCorr

Moving against Mastercard Stock

  0.51PYPL PayPal HoldingsPairCorr
  0.5CODI Compass DiversifiedPairCorr
  0.45DHIL Diamond Hill InvestmentPairCorr
  0.64EG Everest GroupPairCorr
  0.64LC LendingClub Corp Buyout TrendPairCorr
  0.63TW Tradeweb MarketsPairCorr
  0.33CM Canadian Imperial BankPairCorr
  0.31WD Walker DunlopPairCorr

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   
COF
+ 0.83
AXP
V
+ 0.8
COF
ALLY
+ 0.79
COF
V
+ 0.71
AXP
SOFI
+ 0.67
AXP
ALLY
+ 0.66
AXP
  
High negative correlations   
V
- 0.57
PYPL
COF
- 0.26
PYPL
UPST
- 0.15
AXP
UPST
- 0.07
PYPL
PYPL
- 0.01
AXP

Risk-Adjusted Indicators

There is a big difference between Mastercard Stock performing well and Mastercard 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 Mastercard'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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