Masco Correlations

MAS Stock

MXN 1,148 0.00 0.00%

The current 90-days correlation between Masco and Promotora y Operadora is -0.08 (i.e., Good diversification). The correlation of Masco 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Masco Correlation With Market

Good diversification

The correlation between Masco and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Masco and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Masco Stock

0.63	MLM	Martin Marietta Materials	Pair Corr
0.7	GCC	Grupo Cementos de	Pair Corr

Moving against Masco Stock

0.62	FEMSAUBD	Fomento Econmico Mexicano	Pair Corr
0.37	CEMEXCPO	CEMEX SAB de	Pair Corr
0.35	ABEVN	Ambev SA	Pair Corr

Related Correlations Analysis

	GCC	XLU	PINFRA	WOOD	XOP	VHT	EMB	IXJ
GCC		0.45	0.22	0.0	0.74	0.08	0.3	-0.62	GCC
XLU	0.45		0.14	0.0	0.51	0.47	0.61	-0.43	XLU
PINFRA	0.22	0.14		0.0	0.13	0.02	0.16	-0.18	PINFRA
WOOD	0.0	0.0	0.0		0.0	0.0	0.0	0.0	WOOD
XOP	0.74	0.51	0.13	0.0		0.14	0.32	-0.62	XOP
VHT	0.08	0.47	0.02	0.0	0.14		0.6	0.03	VHT
EMB	0.3	0.61	0.16	0.0	0.32	0.6		-0.24	EMB
IXJ	-0.62	-0.43	-0.18	0.0	-0.62	0.03	-0.24		IXJ
	GCC	XLU	PINFRA	WOOD	XOP	VHT	EMB	IXJ

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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

XOP	+ 0.74	GCC
EMB	+ 0.61	XLU
EMB	+ 0.6	VHT
XOP	+ 0.51	XLU
VHT	+ 0.47	XLU
XLU	+ 0.45	GCC

High negative correlations

IXJ	- 0.62	XOP
IXJ	- 0.62	GCC
IXJ	- 0.43	XLU
IXJ	- 0.24	EMB
IXJ	- 0.18	PINFRA
IXJ	- 0.0	WOOD

Risk-Adjusted Indicators

There is a big difference between Masco Stock performing well and Masco 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 Masco'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
GCC	1.68	0.17	0.05	0.61	1.62	(2.13)	3.79	(3.31)	10.98
XLU	1.57	0.31	0.07	(0.87)	1.62	(2.19)	4.28	(3.39)	9.62
PINFRA	1.36	0.12	(0.02)	(0.60)	1.51	(1.46)	3.16	(2.75)	6.90
WOOD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XOP	0.76	0.16	0.02	2.10	0.73	(2.95)	3.84	(1.64)	9.18
VHT	0.48	0.10	0.00	(1.83)	0.00	0.00	1.52	(0.29)	8.55
EMB	0.67	0.10	(0.02)	(1.25)	0.85	(1.06)	1.52	(1.91)	6.53
IXJ	0.93	0.00	(0.06)	(0.02)	1.40	(1.47)	2.61	(2.42)	8.97

Be your own money manager

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

Elected by the shareholders, the Masco's board of directors comprises two types of representatives: Masco inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Masco. The board's role is to monitor Masco's management team and ensure that shareholders' interests are well served. Masco'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, Masco's outside directors are responsible for providing unbiased perspectives on the board's policies.

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