Mercari Correlations

MCARY Stock

USD 10.55 0.02 0.19%

The correlation of Mercari 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.

Mercari Correlation With Market

Very poor diversification

The correlation between Mercari and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mercari and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mercari Pink Sheet

0.65	CVNA	Carvana Earnings Call Next Week	Pair Corr
0.71	TFLM	TFLM	Pair Corr
0.85	BNKHF	BOC Hong Kong	Pair Corr
0.78	SECVY	Seche Environnement	Pair Corr
0.81	APETF	Alpha Esports Tech	Pair Corr
0.85	FIBK	First Interstate Ban	Pair Corr
0.85	ENS	Enersys	Pair Corr
0.7	RILYL	B Riley Financial	Pair Corr
0.87	YLLXF	Yellow Cake plc	Pair Corr
0.79	OBYCF	Obayashi	Pair Corr
0.62	RCKY	Rocky Brands	Pair Corr

Moving against Mercari Pink Sheet

0.78	FSTF	First State Financial	Pair Corr
0.77	BROGF	BROGF	Pair Corr
0.73	SE	Sea	Pair Corr
0.71	PDD	PDD Holdings	Pair Corr
0.48	JDCMF	Jd Com Inc	Pair Corr
0.43	ERHE	ERHC Energy	Pair Corr
0.36	NVNIW	Nvni Group Limited	Pair Corr

Related Correlations Analysis

	DNLMY	STAEF	YMDAF	DSITF	HPCRF	MAWHY	TPSRF	YUEIF	JFROF	GPGNF
DNLMY		0.49	0.0	-0.74	-0.2	-0.21	0.23	-0.57	0.0	0.0	DNLMY
STAEF	0.49		0.0	-0.58	-0.1	-0.07	-0.1	-0.3	0.0	0.0	STAEF
YMDAF	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	YMDAF
DSITF	-0.74	-0.58	0.0		0.25	0.18	-0.34	0.47	0.0	0.0	DSITF
HPCRF	-0.2	-0.1	0.0	0.25		0.03	0.2	0.12	0.0	0.0	HPCRF
MAWHY	-0.21	-0.07	0.0	0.18	0.03		-0.11	-0.08	0.0	0.0	MAWHY
TPSRF	0.23	-0.1	0.0	-0.34	0.2	-0.11		-0.07	0.0	0.0	TPSRF
YUEIF	-0.57	-0.3	0.0	0.47	0.12	-0.08	-0.07		0.0	0.0	YUEIF
JFROF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	JFROF
GPGNF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		GPGNF
	DNLMY	STAEF	YMDAF	DSITF	HPCRF	MAWHY	TPSRF	YUEIF	JFROF	GPGNF

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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

STAEF	+ 0.49	DNLMY
YUEIF	+ 0.47	DSITF
HPCRF	+ 0.25	DSITF
TPSRF	+ 0.23	DNLMY
TPSRF	+ 0.2	HPCRF
MAWHY	+ 0.18	DSITF

High negative correlations

DSITF	- 0.74	DNLMY
DSITF	- 0.58	STAEF
YUEIF	- 0.57	DNLMY
TPSRF	- 0.34	DSITF
YUEIF	- 0.3	STAEF
MAWHY	- 0.21	DNLMY

Risk-Adjusted Indicators

There is a big difference between Mercari Pink Sheet performing well and Mercari 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 Mercari'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
DNLMY	0.82	(0.26)	0.00	(0.20)	0.00	0.00	0.00	0.00	32.48
STAEF	11.61	2.08	0.21	(33.03)	8.59	(21.44)	31.29	(15.34)	35.55
YMDAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSITF	1.14	0.22	0.01	(0.25)	2.03	(3.06)	3.09	(2.87)	16.57
HPCRF	8.06	0.95	0.00	(0.60)	0.00	0.00	25.00	(20.00)	45.00
MAWHY	2.17	0.19	0.00	(0.19)	3.62	(8.09)	7.62	(9.44)	39.25
TPSRF	1.02	(0.12)	0.00	0.48	0.00	0.00	2.70	(2.63)	22.91
YUEIF	1.40	0.44	0.00	0.56	0.00	0.00	0.00	0.00	44.29
JFROF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GPGNF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mercari 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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