Manolete Partners Correlations
| MANOF Stock | USD 0.76 0.00 0.00% |
The current 90-days correlation between Manolete Partners Plc and Water Intelligence plc is -0.13 (i.e., Good 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
Excellent diversification
The correlation between Manolete Partners Plc and DJI is -0.6 (i.e., Excellent 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.
Manolete |
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
Moving against Manolete Pink Sheet
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| 0.58 | BYCRF | BayCurrent Consulting | PairCorr |
| 0.47 | COHG | Cheetah Oil Gas | PairCorr |
| 0.39 | SGSOF | SGS SA | PairCorr |
| 0.38 | BFDE | Bedford Energy | PairCorr |
| 0.77 | GOOG | Alphabet Class C | PairCorr |
| 0.74 | TBBB | BBB Foods | PairCorr |
| 0.74 | CRESY | Cresud SACIF y | PairCorr |
| 0.68 | TGT | Target | PairCorr |
| 0.68 | FDX | FedEx | PairCorr |
| 0.67 | AQNB | Algonquin Power Utilities | PairCorr |
| 0.58 | DAL | Delta Air Lines | PairCorr |
| 0.58 | RILYP | B Riley Financial | PairCorr |
| 0.48 | CNI | Canadian National Railway | PairCorr |
| 0.46 | SYY | Sysco | PairCorr |
| 0.39 | PSA | Public Storage | PairCorr |
| 0.38 | CP | Canadian Pacific Railway | PairCorr |
| 0.38 | PLX | Protalix Biotherapeutics | PairCorr |
| 0.37 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.67 | MCCK | Mestek Inc | PairCorr |
| 0.65 | ALRS | Alerus Financial Corp | PairCorr |
| 0.65 | TOELF | Tokyo Electron | PairCorr |
| 0.64 | USAS | Americas Silver Corp | PairCorr |
| 0.63 | TCLAF | Transcontinental | PairCorr |
| 0.59 | EXR | Extra Space Storage Earnings Call This Week | PairCorr |
Related Correlations Analysis
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
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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 | 3.38 | (0.36) | 0.00 | 8.36 | 0.00 | 11.11 | 35.09 | |||
| DCMDF | 2.30 | 0.39 | 0.07 | (1.38) | 2.68 | 6.56 | 19.18 | |||
| CEBUY | 0.46 | 0.25 | 0.00 | (0.44) | 0.00 | 0.00 | 0.00 | |||
| YJGJ | 11.88 | 4.39 | 0.00 | (0.68) | 0.00 | 0.00 | 266.67 | |||
| WTLLF | 2.08 | 0.09 | 0.00 | 0.59 | 3.52 | 7.69 | 33.58 | |||
| CRKT | 18.90 | 4.24 | 0.09 | (18.87) | 18.73 | 75.95 | 172.20 | |||
| NOKPF | 24.38 | 7.73 | 0.12 | (0.50) | 24.51 | 71.43 | 303.33 | |||
| HRBR | 6.92 | 1.62 | 0.13 | (1.71) | 8.11 | 17.14 | 85.80 | |||
| AFGVY | 0.09 | (0.06) | 0.00 | (1.09) | 0.00 | 0.00 | 2.97 | |||
| KMNCF | 0.31 | (0.17) | 0.00 | (1.25) | 0.00 | 0.00 | 10.26 |
Be your own money manager
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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 |