Mistras Correlations

MG Stock

USD 14.56 0.54 3.85%

The current 90-days correlation between Mistras Group and NL Industries is 0.22 (i.e., Modest diversification). The correlation of Mistras 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.

Mistras Correlation With Market

Very poor diversification

The correlation between Mistras Group and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mistras Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mistras Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mistras Group. 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 Mistras Stock

0.89	FC	Franklin Covey	Pair Corr
0.78	BEG	Begbies Traynor Group	Pair Corr
0.8	WLDN	Willdan Group	Pair Corr
0.62	FCN	FTI Consulting Earnings Call This Week	Pair Corr
0.61	FCQ	FTI Consulting	Pair Corr
0.65	ICFI	ICF International	Pair Corr
0.69	IPZ	Ipsos SA	Pair Corr

Moving against Mistras Stock

0.71	WFCF	Where Food Comes Earnings Call This Week	Pair Corr
0.71	MANO	Manolete Partners PLC	Pair Corr
0.62	CBZ	CBIZ Inc	Pair Corr
0.52	RGP	Resources Connection	Pair Corr
0.5	VRSK	Verisk Analytics	Pair Corr
0.71	TRI	Thomson Reuters	Pair Corr
0.7	ULS	UL Solutions Earnings Call This Week	Pair Corr
0.51	REL	Relx PLC	Pair Corr
0.51	J2B	Experian plc	Pair Corr
0.43	1TU	TransUnion	Pair Corr
0.4	TRU	TransUnion Earnings Call This Week	Pair Corr
0.79	PPHC	Public Policy Holding	Pair Corr
0.78	PLEK	PLENUM AG NA	Pair Corr
0.77	GTLY	Gateley (Holdings)	Pair Corr
0.76	KPG	Kelly Partners Group	Pair Corr

Related Correlations Analysis

	NL	CIX	PKOH	RLGT	PANL	BNC	CVEO	FSTR	NPWR	AIRJ
NL		0.64	0.76	0.71	0.68	-0.45	0.83	0.8	-0.36	-0.26	NL
CIX	0.64		0.64	0.62	0.6	-0.5	0.72	0.79	-0.66	-0.14	CIX
PKOH	0.76	0.64		0.93	0.78	-0.36	0.9	0.86	-0.6	-0.47	PKOH
RLGT	0.71	0.62	0.93		0.77	-0.33	0.86	0.83	-0.59	-0.37	RLGT
PANL	0.68	0.6	0.78	0.77		-0.49	0.81	0.82	-0.67	-0.55	PANL
BNC	-0.45	-0.5	-0.36	-0.33	-0.49		-0.58	-0.59	0.39	-0.07	BNC
CVEO	0.83	0.72	0.9	0.86	0.81	-0.58		0.93	-0.63	-0.27	CVEO
FSTR	0.8	0.79	0.86	0.83	0.82	-0.59	0.93		-0.63	-0.25	FSTR
NPWR	-0.36	-0.66	-0.6	-0.59	-0.67	0.39	-0.63	-0.63		0.35	NPWR
AIRJ	-0.26	-0.14	-0.47	-0.37	-0.55	-0.07	-0.27	-0.25	0.35		AIRJ
	NL	CIX	PKOH	RLGT	PANL	BNC	CVEO	FSTR	NPWR	AIRJ

Please upgrade your account to get full access to Macroaxis premium features

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

RLGT	+ 0.93	PKOH
FSTR	+ 0.93	CVEO
CVEO	+ 0.9	PKOH
FSTR	+ 0.86	PKOH
CVEO	+ 0.86	RLGT
CVEO	+ 0.83	NL

High negative correlations

NPWR	- 0.67	PANL
NPWR	- 0.66	CIX
NPWR	- 0.63	FSTR
NPWR	- 0.63	CVEO
NPWR	- 0.6	PKOH
FSTR	- 0.59	BNC

Risk-Adjusted Indicators

There is a big difference between Mistras Stock performing well and Mistras 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 Mistras' 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
NL	2.18	0.15	0.06	0.23	2.24	(2.70)	5.51	(4.21)	20.34
CIX	1.73	0.24	0.07	(0.93)	2.04	(2.01)	3.22	(4.00)	19.01
PKOH	1.93	0.50	0.22	0.52	1.83	(2.24)	5.26	(3.57)	10.51
RLGT	1.80	0.19	0.09	0.18	2.08	(1.97)	3.86	(3.68)	23.53
PANL	2.15	0.43	0.18	0.49	2.01	(2.62)	3.77	(4.04)	22.60
BNC	4.36	(0.53)	0.00	(0.17)	0.00	0.00	9.58	(9.22)	35.96
CVEO	0.96	0.34	0.33	0.51	0.49	(1.17)	2.53	(1.39)	4.52
FSTR	1.46	0.14	0.08	0.23	1.41	(1.74)	3.47	(2.38)	11.26
NPWR	3.22	(0.76)	0.00	(0.28)	0.00	0.00	7.00	(7.14)	18.48
AIRJ	4.31	(0.64)	0.00	(0.13)	0.00	0.00	13.28	(8.01)	31.81

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC