MCF Energy Correlations
| MCFNF Stock | 0.05 0 3.33% |
The current 90-days correlation between MCF Energy and Apple Inc is -0.08 (i.e., Good diversification). The correlation of MCF Energy 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.
MCF Energy Correlation With Market
Good diversification
The correlation between MCF Energy and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MCF Energy and DJI in the same portfolio, assuming nothing else is changed.
MCF |
The ability to find closely correlated positions to MCF Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MCF Energy 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 MCF Energy - 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 MCF Energy to buy it.
Moving together with MCF OTC Stock
| 0.66 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.69 | BKRKY | Bank Rakyat | PairCorr |
| 0.62 | TLK | Telkom Indonesia Tbk | PairCorr |
| 0.69 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.66 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.64 | JNJ | Johnson Johnson Sell-off Trend | PairCorr |
| 0.65 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.72 | PFE | Pfizer Inc Aggressive Push | PairCorr |
Moving against MCF OTC Stock
| 0.71 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.61 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.47 | PTAIF | PT Astra International | PairCorr |
| 0.45 | NVDA | NVIDIA | PairCorr |
| 0.44 | SSNLF | Samsung Electronics | PairCorr |
| 0.4 | AAPL | Apple Inc Aggressive Push | PairCorr |
| 0.39 | GOOG | Alphabet Class C Sell-off Trend | PairCorr |
| 0.37 | JXN-PA | Jackson Financial | PairCorr |
| 0.86 | DIS | Walt Disney Sell-off Trend | PairCorr |
| 0.76 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.72 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.65 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.55 | HD | Home Depot | PairCorr |
| 0.48 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.46 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.44 | HPQ | HP Inc | PairCorr |
| 0.31 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.31 | XOM | Exxon Mobil Corp Fiscal Year End 7th of February 2025 | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between MCF OTC Stock performing well and MCF Energy OTC Stock 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 MCF Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AAPL | 0.92 | 0.01 | (0.04) | 0.15 | 1.20 | 1.84 | 6.62 | |||
| MSFT | 0.90 | (0.04) | (0.05) | 0.07 | 1.50 | 2.09 | 8.19 | |||
| AMZN | 1.44 | 0.16 | 0.10 | 0.26 | 1.50 | 3.18 | 10.38 | |||
| GOOG | 1.18 | (0.03) | (0.04) | 0.08 | 1.84 | 2.21 | 8.60 | |||
| META | 1.07 | 0.07 | 0.02 | 0.23 | 1.41 | 2.62 | 8.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in MCF Energy 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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