Merchants Financial Correlations

MFGI Stock

USD 32.12 0.04 0.12%

The current 90-days correlation between Merchants Financial and First Northern Community is -0.05 (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

Very poor diversification

The correlation between Merchants Financial Group and DJI is 0.8 (i.e., Very poor 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

0.65	BAC	Bank of America	Pair Corr
0.91	AA	Alcoa Corp	Pair Corr
0.83	WMT	Walmart Common Stock Sell-off Trend	Pair Corr
0.74	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.62	BA	Boeing Earnings Call This Week	Pair Corr
0.91	MRK	Merck Company	Pair Corr
0.87	DD	Dupont De Nemours	Pair Corr
0.74	CAT	Caterpillar Earnings Call This Week	Pair Corr

Moving against Merchants Pink Sheet

0.82	HPQ	HP Inc	Pair Corr
0.7	T	ATT Inc Earnings Call This Week	Pair Corr
0.63	PG	Procter Gamble	Pair Corr
0.39	BKLRF	Berkeley Energy	Pair Corr
0.31	MMM	3M Company	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		0.56	0.68	0.26	0.53	0.67	0.65	0.63	0.73	MLGF
FNRN	0.0	0.56		0.52	0.45	0.87	0.76	0.87	0.73	0.78	FNRN
TRUX	0.0	0.68	0.52		0.19	0.44	0.61	0.63	0.57	0.75	TRUX
FIZN	0.0	0.26	0.45	0.19		0.39	0.32	0.58	0.32	0.27	FIZN
MBLU	0.0	0.53	0.87	0.44	0.39		0.64	0.78	0.66	0.66	MBLU
EXSR	0.0	0.67	0.76	0.61	0.32	0.64		0.85	0.88	0.88	EXSR
FFMH	0.0	0.65	0.87	0.63	0.58	0.78	0.85		0.82	0.87	FFMH
NASB	0.0	0.63	0.73	0.57	0.32	0.66	0.88	0.82		0.78	NASB
BFCC	0.0	0.73	0.78	0.75	0.27	0.66	0.88	0.87	0.78		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

NASB	+ 0.88	EXSR
BFCC	+ 0.88	EXSR
MBLU	+ 0.87	FNRN
FFMH	+ 0.87	FNRN
BFCC	+ 0.87	FFMH
FFMH	+ 0.85	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	1.19	0.08	0.03	0.20	1.41	(1.69)	3.56	(3.12)	12.28
FNRN	0.25	0.06	(0.02)	1.65	0.06	(0.48)	1.00	(0.45)	3.04
TRUX	1.12	0.08	0.01	0.57	1.38	(1.46)	2.75	(2.92)	9.79
FIZN	0.02	0.00	0.00	(0.17)	0.00	0.00	0.00	0.00	0.50
MBLU	0.97	0.24	0.03	(0.27)	1.48	(1.97)	3.47	(1.94)	14.61
EXSR	1.24	0.39	0.14	(0.75)	1.16	(1.71)	2.56	(2.22)	13.18
FFMH	0.45	0.18	0.16	1.61	0.00	(0.72)	1.11	(0.60)	3.36
NASB	0.66	0.11	0.02	(0.49)	0.74	(0.88)	1.35	(1.54)	5.88
BFCC	0.37	0.09	0.04	0.75	0.14	(0.74)	1.29	(0.97)	2.60

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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Merchants Financial Corporate Management

Gregory Evans	CEO Pres	Profile
Mary Gordon	VP Marketing	Profile
Cat Breet	Chief Officer	Profile
Mark McGrory	Chief VP	Profile
Susan CPA	VP CFO	Profile
Richard Barry	Pres Fin	Profile
James Friedl	Regional NA	Profile

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