Madison Technologies Correlations
| MDEX Stock | USD 0.01 0.00 0.00% |
The correlation of Madison Technologies 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.
Madison Technologies Correlation With Market
Very weak diversification
The correlation between Madison Technologies and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Madison Technologies and DJI in the same portfolio, assuming nothing else is changed.
Madison |
The ability to find closely correlated positions to Madison Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Madison Technologies 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 Madison Technologies - 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 Madison Technologies to buy it.
Moving together with Madison Pink Sheet
| 0.76 | ISRMF | iShares MSCI | PairCorr |
| 0.81 | CVVRF | Vertical Exploration Earnings Call This Week | PairCorr |
| 0.61 | BAESY | BAE Systems PLC | PairCorr |
| 0.69 | BHR | Braemar Hotel Resorts | PairCorr |
| 0.64 | AGM-A | Federal Agricultural | PairCorr |
| 0.65 | GNL | Global Net Lease | PairCorr |
| 0.66 | UBOH | United Bancshares | PairCorr |
Moving against Madison Pink Sheet
| 0.66 | GFTRF | Goldn Futures Mineral | PairCorr |
| 0.59 | TGNA | Tegna Inc | PairCorr |
| 0.45 | SLMNP | A Schulman | PairCorr |
| 0.37 | NVSGF | Nevada Sunrise Gold Earnings Call This Week | PairCorr |
| 0.34 | FSLY | Fastly Class A | PairCorr |
| 0.33 | IPGGF | Imperium Group Global | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Madison Pink Sheet performing well and Madison Technologies 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 Madison Technologies' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WDHR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| OPMG | 32.78 | 15.35 | 0.00 | 0.87 | 0.00 | 0.00 | 0.00 | |||
| JETR | 8.86 | 1.35 | 0.08 | 2.55 | 9.43 | 26.67 | 87.48 | |||
| GWTR | 5.39 | (1.48) | 0.00 | (144.02) | 0.00 | 14.13 | 62.14 | |||
| PTEEF | 2.40 | (0.31) | 0.00 | 0.19 | 0.00 | 0.00 | 50.68 | |||
| WPUR | 8.47 | 0.63 | 0.02 | (0.23) | 10.59 | 23.53 | 74.18 | |||
| LWCTF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PBHG | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AERS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SGLN | 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 Madison Technologies 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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Madison Technologies Corporate Management
| Jeffrey Canouse | Chief Officer | Profile | |
| Philip Falcone | CEO and President | Profile | |
| Henry Turner | CTO COO | Profile | |
| Stuart Sher | Creative Mang | Profile | |
| Walter Hoelzel | Marketing Mang | Profile |