MF International Correlations

MFI Stock

0.74 0.02 2.63%

The current 90-days correlation between mF International and Daily Journal Corp is 0.05 (i.e., Significant diversification). The correlation of MF International 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.

MF International Correlation With Market

Average diversification

The correlation between mF International Limited and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding mF International Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in mF International Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with MFI Stock

0.69

Dynatrace Holdings LLC

Pair Corr

Moving against MFI Stock

0.55	VCSA	Vacasa Inc Trending	Pair Corr
0.5	VERB	VERB TECHNOLOGY PANY Tech Boost	Pair Corr
0.31	DMAN	Innovativ Media Group	Pair Corr
0.47	ILLRW	Triller Group Symbol Change	Pair Corr
0.45	WDAY	Workday	Pair Corr
0.36	EGAN	eGain	Pair Corr
0.31	WBTN	WEBTOON Entertainment	Pair Corr

Related Correlations Analysis

	U	DJCO	AI	AZ	BL	DT	DV	EB	ML	PD
U		0.22	0.52	0.31	0.56	0.73	-0.27	-0.14	0.12	0.11	U
DJCO	0.22		0.74	0.77	0.72	0.31	0.77	0.85	0.93	0.78	DJCO
AI	0.52	0.74		0.76	0.79	0.53	0.52	0.61	0.78	0.66	AI
AZ	0.31	0.77	0.76		0.87	0.58	0.46	0.74	0.8	0.54	AZ
BL	0.56	0.72	0.79	0.87		0.76	0.32	0.51	0.73	0.57	BL
DT	0.73	0.31	0.53	0.58	0.76		-0.13	0.1	0.23	0.25	DT
DV	-0.27	0.77	0.52	0.46	0.32	-0.13		0.86	0.78	0.83	DV
EB	-0.14	0.85	0.61	0.74	0.51	0.1	0.86		0.85	0.74	EB
ML	0.12	0.93	0.78	0.8	0.73	0.23	0.78	0.85		0.73	ML
PD	0.11	0.78	0.66	0.54	0.57	0.25	0.83	0.74	0.73		PD
	U	DJCO	AI	AZ	BL	DT	DV	EB	ML	PD

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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

ML	+ 0.93	DJCO
BL	+ 0.87	AZ
EB	+ 0.86	DV
EB	+ 0.85	DJCO
ML	+ 0.85	EB
PD	+ 0.83	DV

High negative correlations

DV	- 0.27	U
EB	- 0.14	U
DV	- 0.13	DT

Risk-Adjusted Indicators

There is a big difference between MFI Stock performing well and MF International 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 MF International'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
U	3.30	0.25	0.10	0.24	3.33	(3.67)	8.52	(5.61)	17.78
DJCO	1.90	(0.11)	0.04	0.08	2.07	(2.13)	3.45	(3.02)	17.89
AI	2.55	0.46	0.18	0.37	2.33	(2.78)	6.94	(5.04)	26.01
AZ	5.76	2.43	0.48	(30.56)	3.87	(7.44)	15.58	(7.28)	44.37
BL	1.36	0.17	0.15	0.23	1.30	(1.49)	3.61	(2.19)	7.65
DT	1.07	0.05	0.02	0.17	1.33	(1.14)	2.01	(2.52)	6.98
DV	1.62	(0.09)	(0.02)	0.06	1.94	(1.82)	3.51	(4.04)	10.96
EB	2.29	0.10	0.03	0.22	2.65	(2.59)	4.74	(3.55)	14.41
ML	3.64	0.62	0.23	0.30	3.18	(4.07)	8.65	(5.05)	30.38
PD	1.76	(0.17)	(0.02)	0.04	2.49	(1.70)	3.71	(4.46)	9.49

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