Microwave Filter Correlations
| MFCO Stock | USD 0.63 0.02 3.08% |
The current 90-days correlation between Microwave Filter and Star8 Corp is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Microwave Filter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Microwave Filter moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Microwave Filter Correlation With Market
Very weak diversification
The correlation between Microwave Filter and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Microwave Filter and DJI in the same portfolio, assuming nothing else is changed.
Microwave |
The ability to find closely correlated positions to Microwave Filter could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Microwave Filter 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 Microwave Filter - 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 Microwave Filter to buy it.
Moving together with Microwave Pink Sheet
| 0.63 | WRTBF | Wrtsil Oyj Abp Earnings Call Tomorrow | PairCorr |
| 0.66 | VSAT | ViaSat Inc Earnings Call This Week | PairCorr |
| 0.68 | DXPE | DXP Enterprises | PairCorr |
| 0.71 | PKG | Packaging Corp | PairCorr |
| 0.72 | UEC | Uranium Energy Corp Downward Rally | PairCorr |
| 0.65 | FITB | Fifth Third Bancorp | PairCorr |
| 0.68 | BKR | Baker Hughes | PairCorr |
| 0.83 | TDY | Teledyne Technologies | PairCorr |
| 0.65 | AMSYF | ArcelorMittal SA Earnings Call This Week | PairCorr |
| 0.68 | DTRUY | Daimler Truck Holding | PairCorr |
Moving against Microwave Pink Sheet
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
|
Risk-Adjusted Indicators
There is a big difference between Microwave Pink Sheet performing well and Microwave Filter 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 Microwave Filter'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| STRH | 15.93 | 0.70 | 0.03 | 0.67 | 16.27 | 50.00 | 94.24 | |||
| NAHD | 2.90 | (1.32) | 0.00 | 0.94 | 0.00 | 0.00 | 103.20 | |||
| ISEYF | 4.73 | 2.75 | 0.00 | (0.31) | 0.00 | 0.00 | 158.62 | |||
| DZSI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TONR | 30.81 | 7.65 | 0.14 | (3.95) | 23.41 | 100.00 | 150.00 | |||
| HSTA | 2.05 | (0.45) | 0.00 | (4.73) | 0.00 | 0.00 | 67.18 | |||
| MYSL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENETF | 522.34 | 265.03 | 0.00 | (5.67) | 0.00 | 0.00 | 17,597 | |||
| APTY | 11.79 | 1.55 | 0.06 | (0.98) | 11.91 | 33.33 | 58.33 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Microwave Filter 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?
Run FinTech Suite Now
FinTech SuiteUse AI to screen and filter profitable investment opportunities |
| All Next | Launch Module |
Microwave Filter Corporate Executives
Elected by the shareholders, the Microwave Filter's board of directors comprises two types of representatives: Microwave Filter inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Microwave. The board's role is to monitor Microwave Filter's management team and ensure that shareholders' interests are well served. Microwave Filter's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Microwave Filter's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Richard Jones | CFO, VP and Company Secretary | Profile |