Modern Mobility Correlations

MDRM Stock

USD 0.01 0.01 200.00%

The current 90-days correlation between Modern Mobility Aids and Scworx Corp is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Modern Mobility moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Modern Mobility Aids moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Modern Mobility Correlation With Market

Good diversification

The correlation between Modern Mobility Aids and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Modern Mobility Aids and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Modern Pink Sheet

0.57	KB	KB Financial Group	Pair Corr
0.51	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.5	HPQ	HP Inc	Pair Corr
0.47	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.45	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.45	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.42	BAC	Bank of America Aggressive Push	Pair Corr
0.38	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.38	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.35	WMT	Walmart Aggressive Push	Pair Corr
0.34	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.33	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.31	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr

Related Correlations Analysis

	WORX	VNTH	NRC	EUDA	ETAO	ACON	AKLI	HCTI	AUGX	MGRX
WORX		-0.26	-0.08	0.14	-0.16	-0.01	0.13	0.0	0.16	-0.13	WORX
VNTH	-0.26		-0.25	0.03	-0.29	-0.08	0.34	0.17	0.29	-0.23	VNTH
NRC	-0.08	-0.25		-0.3	0.8	0.19	-0.74	-0.45	-0.53	0.8	NRC
EUDA	0.14	0.03	-0.3		-0.23	0.48	0.31	0.41	-0.09	-0.46	EUDA
ETAO	-0.16	-0.29	0.8	-0.23		0.4	-0.93	-0.48	-0.76	0.81	ETAO
ACON	-0.01	-0.08	0.19	0.48	0.4		-0.3	-0.05	-0.44	0.14	ACON
AKLI	0.13	0.34	-0.74	0.31	-0.93	-0.3		0.4	0.66	-0.75	AKLI
HCTI	0.0	0.17	-0.45	0.41	-0.48	-0.05	0.4		0.15	-0.62	HCTI
AUGX	0.16	0.29	-0.53	-0.09	-0.76	-0.44	0.66	0.15		-0.59	AUGX
MGRX	-0.13	-0.23	0.8	-0.46	0.81	0.14	-0.75	-0.62	-0.59		MGRX
	WORX	VNTH	NRC	EUDA	ETAO	ACON	AKLI	HCTI	AUGX	MGRX

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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

MGRX	+ 0.81	ETAO
ETAO	+ 0.8	NRC
MGRX	+ 0.8	NRC
AUGX	+ 0.66	AKLI
ACON	+ 0.48	EUDA
HCTI	+ 0.41	EUDA

High negative correlations

AKLI	- 0.93	ETAO
AUGX	- 0.76	ETAO
MGRX	- 0.75	AKLI
AKLI	- 0.74	NRC
MGRX	- 0.62	HCTI
MGRX	- 0.59	AUGX

Risk-Adjusted Indicators

There is a big difference between Modern Pink Sheet performing well and Modern Mobility 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 Modern Mobility'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
WORX	7.17	1.58	0.36	0.37	4.96	(10.25)	16.19	(10.87)	117.27
VNTH	24.81	6.40	0.14	(1.14)	19.79	(64.29)	50.00	(33.33)	233.33
NRC	1.97	(0.34)	0.00	(0.08)	0.00	0.00	3.79	(4.72)	13.17
EUDA	4.66	0.05	0.00	0.21	6.79	(4.52)	9.70	(10.50)	26.33
ETAO	16.91	(0.92)	0.00	0.76	0.00	0.00	58.10	(42.00)	247.80
ACON	4.31	(0.51)	0.00	(0.10)	0.00	0.00	11.11	(10.00)	35.83
AKLI	3.90	1.13	0.16	(0.56)	3.07	(7.72)	5.13	(7.14)	78.36
HCTI	7.89	1.80	0.16	(8.42)	8.74	(10.75)	10.34	(18.35)	131.09
AUGX	4.50	2.04	0.86	1.27	0.00	(7.39)	2.25	(1.09)	146.54
MGRX	4.35	(0.53)	0.00	(3.42)	0.00	0.00	7.29	(10.11)	37.65

Be your own money manager

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