Merchants Financial Correlations

MFGI Stock

USD 32.00 0.61 1.94%

The current 90-days correlation between Merchants Financial and First Northern Community is -0.09 (i.e., Good diversification). The correlation of Merchants Financial 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.

Merchants Financial Correlation With Market

Good diversification

The correlation between Merchants Financial Group 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 Merchants Financial Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Merchants Pink Sheet

0.8	PPERF	Bank Mandiri Persero	Pair Corr
0.85	PPERY	Bank Mandiri Persero	Pair Corr
0.63	KB	KB Financial Group	Pair Corr
0.75	DDS	Dillards,	Pair Corr
0.76	CRRFY	Carrefour SA PK	Pair Corr
0.79	ZPTA	Zapata Computing Holdings Tech Boost	Pair Corr
0.61	TAK	Takeda Pharmaceutical	Pair Corr
0.64	TEO	Telecom Argentina	Pair Corr
0.76	PHAR	Pharming Group NV	Pair Corr
0.77	DNLMY	Dunelm Group PLC	Pair Corr
0.81	BAC	Bank of America	Pair Corr
0.84	REGN	Regeneron Pharmaceuticals	Pair Corr
0.83	NOEM	CO2 Energy Transition	Pair Corr
0.68	ULTA	Ulta Beauty	Pair Corr
0.67	BLMC	Biloxi Marsh Lands	Pair Corr
0.85	RLMD	Relmada Therapeutics	Pair Corr
0.9	GM	General Motors	Pair Corr
0.89	AAL	American Airlines	Pair Corr
0.61	ASTI	Ascent Solar Technol Trending	Pair Corr
0.83	APGE	Apogee Therapeutics,	Pair Corr

Moving against Merchants Pink Sheet

0.4	CYPS	Cyclo3pss	Pair Corr
0.33	SWRM	Appswarm	Pair Corr
0.31	BKRKF	PT Bank Rakyat	Pair Corr
0.48	12532HAF1	GIBACN 23 14	Pair Corr
0.34	WOLF	Wolfspeed,	Pair Corr

Related Correlations Analysis

	TSCFY	MLGF	FNRN	TRUX	FIZN	MBLU	EXSR	FFMH	NASB	BFCC
TSCFY		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TSCFY
MLGF	0.0		0.87	0.56	0.48	0.51	0.77	0.74	0.53	0.49	MLGF
FNRN	0.0	0.87		0.56	0.37	0.73	0.88	0.89	0.74	0.59	FNRN
TRUX	0.0	0.56	0.56		0.19	0.48	0.7	0.61	0.49	0.71	TRUX
FIZN	0.0	0.48	0.37	0.19		0.13	0.28	0.18	0.24	0.06	FIZN
MBLU	0.0	0.51	0.73	0.48	0.13		0.68	0.75	0.76	0.62	MBLU
EXSR	0.0	0.77	0.88	0.7	0.28	0.68		0.89	0.73	0.77	EXSR
FFMH	0.0	0.74	0.89	0.61	0.18	0.75	0.89		0.73	0.67	FFMH
NASB	0.0	0.53	0.74	0.49	0.24	0.76	0.73	0.73		0.62	NASB
BFCC	0.0	0.49	0.59	0.71	0.06	0.62	0.77	0.67	0.62		BFCC
	TSCFY	MLGF	FNRN	TRUX	FIZN	MBLU	EXSR	FFMH	NASB	BFCC

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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

FFMH	+ 0.89	FNRN
FFMH	+ 0.89	EXSR
EXSR	+ 0.88	FNRN
FNRN	+ 0.87	MLGF
EXSR	+ 0.77	MLGF
BFCC	+ 0.77	EXSR

High negative correlations

BFCC	- 0.0	TSCFY
NASB	- 0.0	TSCFY
FFMH	- 0.0	TSCFY
EXSR	- 0.0	TSCFY
MBLU	- 0.0	TSCFY
FIZN	- 0.0	TSCFY

Risk-Adjusted Indicators

There is a big difference between Merchants Pink Sheet performing well and Merchants Financial 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 Merchants Financial'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
TSCFY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLGF	0.92	0.12	0.08	0.25	1.00	(1.29)	2.47	(1.99)	10.79
FNRN	0.29	0.07	0.01	0.84	0.00	(0.61)	1.23	(0.46)	3.39
TRUX	1.09	0.13	0.04	0.44	1.36	(1.28)	2.75	(2.92)	9.79
FIZN	0.02	0.00	0.00	(2.14)	0.00	0.00	0.00	0.00	0.50
MBLU	1.05	0.12	0.02	(2.70)	1.58	(2.17)	3.47	(2.14)	14.61
EXSR	1.13	0.28	0.09	(0.59)	1.26	(1.42)	2.06	(2.22)	13.18
FFMH	0.39	0.13	0.09	10.74	0.00	(0.85)	1.24	(0.57)	2.79
NASB	0.61	0.03	(0.03)	0.36	0.80	(0.72)	0.99	(1.54)	3.51
BFCC	0.30	0.06	(0.01)	1.36	0.24	(0.61)	1.09	(1.06)	2.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Merchants Financial 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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Gregory Evans	CEO Pres	Profile
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