Manolete Partners Correlations

MANOF Stock

USD 0.76 0.19 20.00%

The current 90-days correlation between Manolete Partners Plc and Water Intelligence plc is 0.06 (i.e., Significant diversification). The correlation of Manolete Partners 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.

Manolete Partners Correlation With Market

Average diversification

The correlation between Manolete Partners Plc and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Manolete Partners Plc and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Manolete Pink Sheet

0.76	EXPGF	Experian PLC	Pair Corr
0.8	EXPGY	Experian plc PK	Pair Corr

Moving against Manolete Pink Sheet

0.88	BVRDF	Bureau Veritas SA	Pair Corr
0.86	BYCRF	BayCurrent Consulting	Pair Corr
0.86	PPERY	Bank Mandiri Persero	Pair Corr
0.8	PPERF	Bank Mandiri Persero	Pair Corr
0.62	JPSTF	JAPAN POST BANK	Pair Corr
0.52	SGSOF	SGS SA	Pair Corr
0.45	PBCRY	Bank Central Asia	Pair Corr
0.44	TRU	TransUnion	Pair Corr
0.44	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.43	SGSOY	SGS SA	Pair Corr
0.4	PTBRY	Bank Negara Indonesia	Pair Corr
0.88	HIRU	Hiru	Pair Corr
0.85	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.84	DGWR	Critic Clothing	Pair Corr
0.81	LMND	Lemonade	Pair Corr
0.77	TGI	Triumph Group	Pair Corr
0.76	ATRO	Astronics	Pair Corr
0.75	TGS	Transportadora de Gas	Pair Corr
0.69	OODH	Orion Diversified Holding	Pair Corr
0.67	MZHOF	Mizuho Financial	Pair Corr
0.62	TPB	Turning Point Brands	Pair Corr
0.5	VELO	Velo3D, Tech Boost	Pair Corr
0.5	PFE	Pfizer Inc	Pair Corr
0.49	URBN	Urban Outfitters	Pair Corr
0.44	DC	Dakota Gold Corp	Pair Corr
0.44	BHC	Bausch Health Companies	Pair Corr
0.41	CMTDF	Sumitomo Mitsui Trust	Pair Corr
0.88	FBKIF	First International Bank	Pair Corr
0.86	NAUT	Nautilus Biotechnology	Pair Corr
0.79	AER	AerCap Holdings NV	Pair Corr
0.73	CALC	CalciMedica, Common Stock Trending	Pair Corr

Related Correlations Analysis

	KARX	DCMDF	CEBUY	YJGJ	WTLLF	CRKT	NOKPF	HRBR	AFGVY	KMNCF
KARX		-0.62	-0.19	0.08	-0.4	0.47	0.3	-0.04	0.65	0.33	KARX
DCMDF	-0.62		0.39	0.16	0.28	-0.65	-0.52	0.11	-0.72	-0.4	DCMDF
CEBUY	-0.19	0.39		0.37	-0.18	-0.34	0.11	0.22	-0.56	-0.18	CEBUY
YJGJ	0.08	0.16	0.37		-0.23	-0.38	0.01	0.22	-0.38	-0.12	YJGJ
WTLLF	-0.4	0.28	-0.18	-0.23		-0.18	-0.31	-0.16	-0.24	-0.05	WTLLF
CRKT	0.47	-0.65	-0.34	-0.38	-0.18		0.35	-0.18	0.71	0.35	CRKT
NOKPF	0.3	-0.52	0.11	0.01	-0.31	0.35		-0.01	0.16	0.32	NOKPF
HRBR	-0.04	0.11	0.22	0.22	-0.16	-0.18	-0.01		-0.22	-0.7	HRBR
AFGVY	0.65	-0.72	-0.56	-0.38	-0.24	0.71	0.16	-0.22		0.34	AFGVY
KMNCF	0.33	-0.4	-0.18	-0.12	-0.05	0.35	0.32	-0.7	0.34		KMNCF
	KARX	DCMDF	CEBUY	YJGJ	WTLLF	CRKT	NOKPF	HRBR	AFGVY	KMNCF

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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

AFGVY	+ 0.71	CRKT
AFGVY	+ 0.65	KARX
CRKT	+ 0.47	KARX
CEBUY	+ 0.39	DCMDF
YJGJ	+ 0.37	CEBUY
NOKPF	+ 0.35	CRKT

High negative correlations

AFGVY	- 0.72	DCMDF
KMNCF	- 0.7	HRBR
CRKT	- 0.65	DCMDF
DCMDF	- 0.62	KARX
AFGVY	- 0.56	CEBUY
NOKPF	- 0.52	DCMDF

Risk-Adjusted Indicators

There is a big difference between Manolete Pink Sheet performing well and Manolete Partners 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 Manolete Partners' 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
KARX	6.43	(0.02)	0.00	0.04	7.26	(13.31)	17.78	(14.00)	67.21
DCMDF	2.26	0.31	0.07	0.74	2.50	(3.59)	7.07	(5.15)	15.48
CEBUY	1.62	(0.19)	0.00	(0.10)	0.00	0.00	0.00	0.00	53.42
YJGJ	15.04	7.49	0.00	(0.90)	0.00	0.00	0.00	0.00	299.89
WTLLF	1.99	0.20	0.01	(0.09)	2.65	(6.70)	6.49	(6.08)	27.44
CRKT	19.79	3.34	0.10	0.69	19.29	(50.13)	93.45	(48.50)	158.54
NOKPF	16.19	4.06	0.11	1.55	19.09	(24.28)	48.51	(33.33)	220.00
HRBR	7.85	2.32	0.17	(1.85)	8.31	(14.48)	17.14	(10.53)	85.80
AFGVY	0.49	(0.24)	0.00	1.08	0.00	0.00	0.00	0.00	13.55
KMNCF	0.31	(0.18)	0.00	(0.94)	0.00	0.00	0.00	0.00	10.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in Manolete Partners 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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Manolete Partners Corporate Management

Steven ACA	CEO Director	Profile
Jeremy Sare	Head Policy	Profile
Charlotte May	Head Director	Profile
Bernadette Young	Company Sec	Profile
Mark ACA	CFO Director	Profile
Philomena Halton	Head MD	Profile
Tracy Halson	Financial Mang	Profile

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