MCAN Mortgage Correlations
| MAMTF Stock | USD 13.95 0.00 0.00% |
The current 90-days correlation between MCAN Mortgage and Guild Holdings Co is 0.08 (i.e., Significant diversification). The correlation of MCAN Mortgage 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.
MCAN Mortgage Correlation With Market
Very good diversification
The correlation between MCAN Mortgage and DJI is -0.36 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MCAN Mortgage and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to MCAN Mortgage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MCAN Mortgage 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 MCAN Mortgage - 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 MCAN Mortgage to buy it.
Moving together with MCAN Pink Sheet
| 0.72 | SSNLF | Samsung Electronics | PairCorr |
| 0.79 | PTAIF | PT Astra International | PairCorr |
| 0.81 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.86 | DIS | Walt Disney Aggressive Push | PairCorr |
| 0.79 | JPM | JPMorgan Chase Fiscal Year End 10th of January 2025 | PairCorr |
| 0.82 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.84 | WMT | Walmart Aggressive Push | PairCorr |
| 0.84 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.83 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.64 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.67 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
Moving against MCAN Pink Sheet
| 0.8 | KO | Coca Cola Fiscal Year End 11th of February 2025 | PairCorr |
| 0.74 | EC | Ecopetrol SA ADR | PairCorr |
| 0.74 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
| 0.73 | PKX | POSCO Holdings | PairCorr |
| 0.66 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.4 | PTAIY | Astra International Tbk | PairCorr |
| 0.31 | PUTKY | United Tractors Tbk | PairCorr |
Related Correlations Analysis
| -0.75 | -0.49 | -0.27 | 0.09 | GHLD | ||
| -0.75 | 0.49 | 0.47 | -0.31 | OCN | ||
| -0.49 | 0.49 | 0.56 | -0.12 | COOP | ||
| -0.27 | 0.47 | 0.56 | -0.55 | ECPG | ||
| 0.09 | -0.31 | -0.12 | -0.55 | CNF | ||
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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 MCAN Pink Sheet performing well and MCAN Mortgage 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 MCAN Mortgage'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GHLD | 1.52 | (0.19) | 0.00 | 0.63 | 0.00 | 3.57 | 11.75 | |||
| OCN | 1.90 | 0.08 | 0.05 | 0.18 | 2.40 | 4.38 | 20.86 | |||
| COOP | 1.66 | (0.02) | 0.00 | 0.11 | 2.29 | 3.33 | 23.55 | |||
| ECPG | 1.32 | (0.17) | 0.00 | (0.01) | 0.00 | 2.57 | 9.26 | |||
| CNF | 6.21 | 0.03 | 0.00 | 0.17 | 7.17 | 20.00 | 78.29 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MCAN Mortgage 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.Did you try this?
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MCAN Mortgage Corporate Management
| ICDD CPA | CEO Pres | Profile | |
| Michael Jensen | Chief VP | Profile | |
| Avish Buck | VP COO | Profile | |
| Michelle Liotta | VP HR | Profile | |
| Nazeera Khan | VP Officer | Profile | |
| Milica Pejic | VP Officer | Profile | |
| Sylvia Pinto | Corporate Secretary, Chief Compliance Officer | Profile |