Media Technologies Correlations

MDTC Stock

USD 0.11 0.04 48.65%

The current 90-days correlation between Media Technologies and Playgon Games is -0.19 (i.e., Good diversification). The correlation of Media 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.

Media Technologies Correlation With Market

Good diversification

The correlation between Media Technologies 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 Media Technologies and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Media 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 Media 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 Media 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 Media Technologies to buy it.

Moving together with Media Pink Sheet

0.61	TEO	Telecom Argentina	Pair Corr
0.66	CHACR	Crane Harbor Acquisition	Pair Corr
0.64	GM	General Motors	Pair Corr
0.72	RLMD	Relmada Therapeutics	Pair Corr
0.73	AKAM	Akamai Technologies	Pair Corr
0.66	NOEM	CO2 Energy Transition	Pair Corr
0.66	PHAR	Pharming Group NV	Pair Corr

Moving against Media Pink Sheet

0.55	WOLF	Wolfspeed,	Pair Corr
0.4	12532HAF1	GIBACN 23 14	Pair Corr
0.36	SWRM	Appswarm	Pair Corr
0.38	26442TAG2	US26442TAG22	Pair Corr

Related Correlations Analysis

	PLGNF	BTZI	LGIQ	SOLBF	ARWYF	XYLB	TPPM	NUGN	BCDS	ATIXF
PLGNF		-0.28	-0.23	0.0	-0.33	-0.22	-0.04	0.02	0.02	0.1	PLGNF
BTZI	-0.28		0.49	0.0	0.38	0.78	0.63	0.23	-0.09	0.18	BTZI
LGIQ	-0.23	0.49		0.0	0.0	0.49	0.47	-0.09	0.14	0.4	LGIQ
SOLBF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	SOLBF
ARWYF	-0.33	0.38	0.0	0.0		0.52	0.27	0.45	-0.02	0.14	ARWYF
XYLB	-0.22	0.78	0.49	0.0	0.52		0.79	0.25	-0.03	0.25	XYLB
TPPM	-0.04	0.63	0.47	0.0	0.27	0.79		0.17	-0.02	0.31	TPPM
NUGN	0.02	0.23	-0.09	0.0	0.45	0.25	0.17		-0.6	0.14	NUGN
BCDS	0.02	-0.09	0.14	0.0	-0.02	-0.03	-0.02	-0.6		0.01	BCDS
ATIXF	0.1	0.18	0.4	0.0	0.14	0.25	0.31	0.14	0.01		ATIXF
	PLGNF	BTZI	LGIQ	SOLBF	ARWYF	XYLB	TPPM	NUGN	BCDS	ATIXF

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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

TPPM	+ 0.79	XYLB
XYLB	+ 0.78	BTZI
TPPM	+ 0.63	BTZI
XYLB	+ 0.52	ARWYF
LGIQ	+ 0.49	BTZI
XYLB	+ 0.49	LGIQ

High negative correlations

BCDS	- 0.6	NUGN
ARWYF	- 0.33	PLGNF
BTZI	- 0.28	PLGNF
LGIQ	- 0.23	PLGNF
XYLB	- 0.22	PLGNF
NUGN	- 0.09	LGIQ

Risk-Adjusted Indicators

There is a big difference between Media Pink Sheet performing well and Media 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 Media 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
PLGNF	10.23	1.45	0.05	1.42	11.47	(32.24)	42.86	(28.57)	94.44
BTZI	9.89	0.87	0.04	(0.37)	11.21	(16.28)	25.00	(20.00)	91.80
LGIQ	12.41	1.80	0.10	(19.53)	12.57	(18.82)	41.67	(27.14)	84.31
SOLBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ARWYF	13.78	0.98	0.06	0.85	15.17	(17.92)	30.32	(22.58)	106.46
XYLB	0.87	(0.36)	0.00	0.73	0.00	0.00	0.00	(4.55)	19.76
TPPM	2.98	(1.65)	0.00	(0.84)	0.00	0.00	0.00	0.00	99.84
NUGN	9.09	(0.29)	0.00	0.31	0.00	0.00	25.00	(17.24)	88.72
BCDS	17.22	4.88	0.24	(1.73)	14.86	(24.08)	40.00	(29.41)	158.33
ATIXF	2.94	(1.39)	0.00	0.95	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 Media 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.

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