Microwave Filter Correlations
| MFCO Stock | USD 0.80 0.14 21.21% |
The current 90-days correlation between Microwave Filter and Star8 Corp is -0.09 (i.e., Good 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
Poor diversification
The correlation between Microwave Filter and DJI is 0.65 (i.e., Poor 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
| 0.65 | PDYN | Palladyne AI Corp | PairCorr |
| 0.64 | IOMT | Isomet Corp | PairCorr |
| 0.89 | BOUYF | Bouygues SA | PairCorr |
| 0.76 | PPC | Pilgrims Pride Corp | PairCorr |
| 0.86 | MSBHF | Mitsubishi Corp | PairCorr |
| 0.76 | NEE-PN | Nextera Energy | PairCorr |
| 0.64 | LMRMF | Lomiko Metals | PairCorr |
| 0.71 | SENEA | Seneca Foods Corp | PairCorr |
| 0.8 | FCPT | Four Corners Property | PairCorr |
| 0.69 | DAN | Dana Inc | PairCorr |
| 0.73 | KLXE | KLX Energy Services Earnings Call This Week | PairCorr |
| 0.79 | TPC | Tutor Perini | PairCorr |
| 0.69 | HKSHF | The Hongkong | PairCorr |
| 0.87 | CRNCY | Capricorn Energy PLC | PairCorr |
| 0.61 | LITB | LightInTheBox Holding | PairCorr |
| 0.83 | ABXL | ABXL Symbol Change | PairCorr |
| 0.7 | HLPPY | Hang Lung Properties Downward Rally | PairCorr |
| 0.8 | AU | AngloGold Ashanti plc | PairCorr |
| 0.89 | PBR | Petroleo Brasileiro Earnings Call Tomorrow | PairCorr |
| 0.88 | BHPLF | BHP Group Limited | PairCorr |
Moving against Microwave Pink Sheet
| 0.74 | PBCRF | PT Bank Central | PairCorr |
| 0.38 | PRZO | ParaZero Technologies | PairCorr |
| 0.41 | SRNE | Sorrento Therape | 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 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 | 14.05 | 0.14 | 0.01 | 0.17 | 14.45 | 50.00 | 103.33 | |||
| NAHD | 2.90 | (1.54) | 0.00 | (0.90) | 0.00 | 0.00 | 97.14 | |||
| ISEYF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DZSI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TONR | 25.41 | 6.68 | 0.13 | 1.76 | 19.87 | 100.00 | 150.00 | |||
| HSTA | 3.73 | 0.51 | 0.03 | 0.21 | 5.62 | 0.79 | 103.99 | |||
| MYSL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ENETF | 522.31 | 272.68 | 0.00 | (1.00) | 0.00 | 0.00 | 17,597 | |||
| APTY | 11.20 | 1.75 | 0.07 | 0.71 | 11.12 | 33.33 | 58.33 |
Be your own money manager
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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 |