MDwerks Correlations

MDWK Stock

USD 0.11 0.01 8.33%

The current 90-days correlation between MDwerks and Caro Holdings is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MDwerks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MDwerks moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MDwerks Correlation With Market

Good diversification

The correlation between MDwerks and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MDwerks and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against MDwerks OTC Stock

0.38	GWW	WW Grainger	Pair Corr
0.37	SYM	Symbotic	Pair Corr
0.35	INFY	Infosys Ltd ADR Potential Growth	Pair Corr
0.32	F	Ford Motor	Pair Corr
0.51	HE	Hawaiian Electric	Pair Corr
0.44	KYOCF	Kyocera	Pair Corr
0.35	STAG	STAG Industrial	Pair Corr
0.6	PII	Polaris Industries	Pair Corr
0.57	ARRXF	Archer Materials	Pair Corr
0.41	EGP	EastGroup Properties	Pair Corr
0.39	AA	Alcoa Corp	Pair Corr
0.39	ADC	Agree Realty	Pair Corr
0.36	BAC	Bank of America Aggressive Push	Pair Corr

Related Correlations Analysis

	AOGO	CAHO	AVNI	LRGR	XCPT	IGTA	PCMC	MNBO	UNIF	WRPT
AOGO		0.29	-0.2	-0.52	0.23	0.12	-0.1	-0.15	0.22	0.1	AOGO
CAHO	0.29		-0.36	-0.26	0.29	0.43	0.31	-0.3	-0.06	0.28	CAHO
AVNI	-0.2	-0.36		0.03	-0.25	-0.13	-0.58	0.24	-0.33	-0.5	AVNI
LRGR	-0.52	-0.26	0.03		0.22	-0.57	0.31	0.6	0.27	0.35	LRGR
XCPT	0.23	0.29	-0.25	0.22		-0.09	0.4	0.18	0.13	0.39	XCPT
IGTA	0.12	0.43	-0.13	-0.57	-0.09		-0.01	-0.65	-0.49	-0.24	IGTA
PCMC	-0.1	0.31	-0.58	0.31	0.4	-0.01		0.04	0.22	0.53	PCMC
MNBO	-0.15	-0.3	0.24	0.6	0.18	-0.65	0.04		0.4	0.38	MNBO
UNIF	0.22	-0.06	-0.33	0.27	0.13	-0.49	0.22	0.4		0.54	UNIF
WRPT	0.1	0.28	-0.5	0.35	0.39	-0.24	0.53	0.38	0.54		WRPT
	AOGO	CAHO	AVNI	LRGR	XCPT	IGTA	PCMC	MNBO	UNIF	WRPT

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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

MNBO	+ 0.6	LRGR
WRPT	+ 0.54	UNIF
WRPT	+ 0.53	PCMC
IGTA	+ 0.43	CAHO
PCMC	+ 0.4	XCPT
UNIF	+ 0.4	MNBO

High negative correlations

MNBO	- 0.65	IGTA
PCMC	- 0.58	AVNI
IGTA	- 0.57	LRGR
LRGR	- 0.52	AOGO
WRPT	- 0.5	AVNI
UNIF	- 0.49	IGTA

Risk-Adjusted Indicators

There is a big difference between MDwerks OTC Stock performing well and MDwerks 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 MDwerks' 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
AOGO	2.49	(1.20)	0.00	1.26	0.00	0.00	0.00	0.00	83.33
CAHO	1.74	(0.54)	0.00	(0.20)	0.00	0.00	3.57	(5.17)	38.33
AVNI	2.80	0.77	0.00	(1.33)	0.00	0.00	0.00	(4.35)	87.01
LRGR	9.17	2.12	0.19	(1,767)	8.57	(13.34)	23.33	(17.78)	55.71
XCPT	10.84	1.72	0.07	(2.55)	12.16	(25.52)	46.67	(34.78)	92.46
IGTA	20,888	13,464	257.11	(0.28)	0.00	(139,984)	3.13	(2.50)	699,900
PCMC	7.16	1.79	0.00	1.48	0.00	0.00	4.76	(4.08)	147.62
MNBO	2.68	1.07	0.00	(0.67)	0.00	0.00	0.00	0.00	60.63
UNIF	0.58	(0.05)	0.00	(0.16)	0.00	0.00	2.22	(1.69)	9.73
WRPT	9.57	1.51	0.08	0.52	9.46	(28.03)	36.14	(26.32)	127.78

Be your own money manager

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