Mill City Correlations

MCVT Stock

USD 1.85 0.05 2.63%

The current 90-days correlation between Mill City Ventures and Senmiao Technology is -0.16 (i.e., Good diversification). The correlation of Mill City 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.

Mill City Correlation With Market

Good diversification

The correlation between Mill City Ventures and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mill City Ventures and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mill City Ventures. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

Moving together with Mill Stock

0.67	PT	Pintec Technology	Pair Corr
0.7	RC	Ready Capital Corp	Pair Corr
0.69	RM	Regional Management Corp	Pair Corr
0.76	XP	Xp Inc	Pair Corr

Moving against Mill Stock

0.84	LX	Lexinfintech Holdings	Pair Corr
0.8	QD	Qudian Inc	Pair Corr
0.8	TW	Tradeweb Markets Normal Trading	Pair Corr
0.76	AC	Associated Capital	Pair Corr
0.75	CG	Carlyle Group	Pair Corr
0.73	MS	Morgan Stanley Sell-off Trend	Pair Corr
0.71	SF	Stifel Financial Earnings Call This Week	Pair Corr
0.69	BN	Brookfield Corp	Pair Corr
0.65	DIST	Distoken Acquisition	Pair Corr
0.65	LC	LendingClub Corp	Pair Corr
0.64	AB	AllianceBernstein	Pair Corr
0.64	PX	P10 Inc	Pair Corr
0.61	GS	Goldman Sachs Group Fiscal Year End 21st of January 2025	Pair Corr
0.61	MA	Mastercard	Pair Corr
0.58	BX	Blackstone Group Normal Trading	Pair Corr
0.51	DB	Deutsche Bank AG	Pair Corr
0.46	LU	Lufax Holding	Pair Corr
0.41	MC	Moelis	Pair Corr
0.35	V	Visa Class A	Pair Corr
0.32	WD	Walker Dunlop	Pair Corr
0.72	VCTR	Victory Capital Holdings Sell-off Trend	Pair Corr
0.71	DYCQ	DT Cloud Acquisition	Pair Corr
0.59	VRTS	Virtus Investment	Pair Corr
0.57	LGHLW	Lion Financial Group	Pair Corr
0.56	WT	WisdomTree	Pair Corr
0.53	GCMGW	GCM Grosvenor	Pair Corr
0.49	VIRT	Virtu Financial Normal Trading	Pair Corr
0.4	DUET	DUET Acquisition Corp	Pair Corr
0.33	VMCA	Valuence Merger Corp	Pair Corr

Related Correlations Analysis

	CPSS	ATLCP	NNI	AIHS	ENVA	IX	WRLD	FCFS	SLMBP	AGM-A
CPSS		0.74	0.07	-0.46	0.69	-0.69	0.28	-0.71	-0.1	0.28	CPSS
ATLCP	0.74		-0.37	-0.35	0.79	-0.5	0.19	-0.64	-0.05	0.23	ATLCP
NNI	0.07	-0.37		-0.06	-0.07	0.04	0.41	0.15	-0.02	-0.14	NNI
AIHS	-0.46	-0.35	-0.06		-0.66	0.82	-0.14	0.71	0.66	-0.24	AIHS
ENVA	0.69	0.79	-0.07	-0.66		-0.61	0.44	-0.67	-0.33	0.23	ENVA
IX	-0.69	-0.5	0.04	0.82	-0.61		0.02	0.87	0.62	-0.33	IX
WRLD	0.28	0.19	0.41	-0.14	0.44	0.02		0.06	0.29	-0.28	WRLD
FCFS	-0.71	-0.64	0.15	0.71	-0.67	0.87	0.06		0.57	-0.43	FCFS
SLMBP	-0.1	-0.05	-0.02	0.66	-0.33	0.62	0.29	0.57		-0.39	SLMBP
AGM-A	0.28	0.23	-0.14	-0.24	0.23	-0.33	-0.28	-0.43	-0.39		AGM-A
	CPSS	ATLCP	NNI	AIHS	ENVA	IX	WRLD	FCFS	SLMBP	AGM-A

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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

FCFS	+ 0.87	IX
IX	+ 0.82	AIHS
ENVA	+ 0.79	ATLCP
ATLCP	+ 0.74	CPSS
FCFS	+ 0.71	AIHS
ENVA	+ 0.69	CPSS

High negative correlations

FCFS	- 0.71	CPSS
IX	- 0.69	CPSS
FCFS	- 0.67	ENVA
ENVA	- 0.66	AIHS
FCFS	- 0.64	ATLCP
IX	- 0.61	ENVA

Risk-Adjusted Indicators

There is a big difference between Mill Stock performing well and Mill City 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 Mill City'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
CPSS	1.76	0.24	0.10	0.46	1.74	(2.13)	5.02	(3.60)	12.19
ATLCP	0.51	0.08	(0.05)	0.69	0.39	(0.63)	1.28	(0.88)	2.71
NNI	1.13	(0.17)	0.00	(0.01)	0.00	0.00	1.90	(2.08)	15.36
AIHS	3.60	(0.01)	(0.01)	0.10	3.82	(4.34)	8.70	(6.74)	31.40
ENVA	1.74	0.12	0.13	0.17	1.67	(2.01)	3.13	(3.16)	13.01
IX	1.14	(0.22)	0.00	(0.18)	0.00	0.00	2.12	(2.89)	8.46
WRLD	1.66	(0.12)	0.00	0.06	1.75	(1.89)	3.37	(3.22)	13.63
FCFS	1.13	(0.27)	0.00	(0.18)	0.00	0.00	2.31	(2.42)	9.46
SLMBP	0.34	(0.01)	(0.17)	0.02	0.64	(0.30)	0.75	(0.46)	3.53
AGM-A	1.15	0.26	0.07	(2.25)	1.05	(2.06)	3.43	(2.06)	12.97

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