Morgan Advanced Correlations

MGAM Stock

259.00 5.50 2.08%

The current 90-days correlation between Morgan Advanced Materials and Jupiter Fund Management is 0.45 (i.e., Very weak diversification). The correlation of Morgan Advanced 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Morgan Advanced Correlation With Market

Weak diversification

The correlation between Morgan Advanced Materials and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Advanced Materials and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Morgan Stock

0.85

0J6Z

Humana Inc

Pair Corr

Moving against Morgan Stock

0.85	0QY4	Las Vegas Sands	Pair Corr
0.74	0I9F	Digital Realty Trust	Pair Corr
0.73	GAW	Games Workshop Group	Pair Corr
0.67	0LRK	Vulcan Materials	Pair Corr
0.65	NWG	NatWest Group PLC	Pair Corr
0.57	0HKE	Axon Enterprise	Pair Corr
0.31	DEC	Diversified Energy	Pair Corr

Related Correlations Analysis

	LINV	NMT	AATG	JUP	JUKC	FSEM	SUPR	AEO
LINV		0.22	-0.4	0.36	0.51	0.25	0.52	0.87	LINV
NMT	0.22		0.02	0.41	0.15	0.16	0.02	-0.05	NMT
AATG	-0.4	0.02		0.0	-0.09	-0.25	-0.32	-0.42	AATG
JUP	0.36	0.41	0.0		0.7	0.69	0.55	0.19	JUP
JUKC	0.51	0.15	-0.09	0.7		0.42	0.67	0.49	JUKC
FSEM	0.25	0.16	-0.25	0.69	0.42		0.66	0.18	FSEM
SUPR	0.52	0.02	-0.32	0.55	0.67	0.66		0.54	SUPR
AEO	0.87	-0.05	-0.42	0.19	0.49	0.18	0.54		AEO
	LINV	NMT	AATG	JUP	JUKC	FSEM	SUPR	AEO

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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

AEO	+ 0.87	LINV
JUKC	+ 0.7	JUP
FSEM	+ 0.69	JUP
SUPR	+ 0.67	JUKC
SUPR	+ 0.66	FSEM
SUPR	+ 0.55	JUP

High negative correlations

AEO	- 0.42	AATG
AATG	- 0.4	LINV
SUPR	- 0.32	AATG
FSEM	- 0.25	AATG
JUKC	- 0.09	AATG
AEO	- 0.05	NMT

Risk-Adjusted Indicators

There is a big difference between Morgan Stock performing well and Morgan Advanced 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 Morgan Advanced'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
LINV	0.66	(0.19)	0.00	5.37	0.00	0.00	1.82	(1.89)	6.09
NMT	2.09	0.09	0.00	0.47	4.09	(7.78)	9.09	(5.56)	36.62
AATG	0.25	(0.02)	0.00	(0.60)	0.00	0.00	0.55	0.00	6.29
JUP	1.10	(0.09)	0.00	(0.06)	0.00	0.00	1.96	(2.21)	8.59
JUKC	0.46	(0.07)	0.00	(0.08)	0.00	0.00	0.92	(1.06)	2.36
FSEM	0.28	(0.02)	(0.29)	(0.18)	0.31	(0.43)	0.51	(0.51)	2.31
SUPR	0.79	(0.10)	0.00	(0.57)	0.00	0.00	1.75	(1.81)	4.93
AEO	0.64	(0.18)	0.00	(0.37)	0.00	0.00	1.94	(1.80)	6.74

Be your own money manager

Our tools can tell you how much better you can do entering a position in Morgan Advanced 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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Morgan Advanced Corporate Management

Elected by the shareholders, the Morgan Advanced's board of directors comprises two types of representatives: Morgan Advanced inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Morgan. The board's role is to monitor Morgan Advanced's management team and ensure that shareholders' interests are well served. Morgan Advanced'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, Morgan Advanced's outside directors are responsible for providing unbiased perspectives on the board's policies.

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