Millennium Group Correlations
| MGIH Stock | 1.60 0.02 1.27% |
The current 90-days correlation between Millennium Group Int and Radcom is 0.09 (i.e., Significant diversification). The correlation of Millennium Group 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.
Millennium Group Correlation With Market
Weak diversification
The correlation between Millennium Group International and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Millennium Group International and DJI in the same portfolio, assuming nothing else is changed.
Millennium |
Moving together with Millennium Stock
Moving against Millennium Stock
| 0.57 | IP | International Paper | PairCorr |
| 0.46 | ELMSQ | Electric Last Mile | PairCorr |
| 0.44 | BERY | Berry Global Group | PairCorr |
| 0.43 | SW | Smurfit WestRock plc | PairCorr |
| 0.36 | PKG | Packaging Corp Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.36 | DRVN | Driven Brands Holdings | PairCorr |
| 0.33 | SLGN | Silgan Holdings | PairCorr |
| 0.52 | FUN | Six Flags Entertainment | PairCorr |
| 0.38 | FGI | FGI Industries | PairCorr |
| 0.37 | F-PB | Ford Motor | PairCorr |
| 0.34 | FRZA | Forza X1 | PairCorr |
Related Correlations Analysis
| 0.68 | 0.25 | 0.77 | 0.08 | RDCM | ||
| 0.68 | 0.58 | 0.62 | -0.14 | SSYS | ||
| 0.25 | 0.58 | 0.49 | -0.66 | XPOF | ||
| 0.77 | 0.62 | 0.49 | -0.07 | PLYA | ||
| 0.08 | -0.14 | -0.66 | -0.07 | PINS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Millennium Stock performing well and Millennium Group 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 Millennium Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RDCM | 2.24 | 0.27 | 0.06 | 1.23 | 3.12 | 5.40 | 19.90 | |||
| SSYS | 3.01 | 0.18 | 0.08 | 0.18 | 3.00 | 9.26 | 25.45 | |||
| XPOF | 2.86 | 0.15 | 0.05 | 0.20 | 3.07 | 5.96 | 32.73 | |||
| PLYA | 1.33 | 0.26 | 0.18 | 0.29 | 1.14 | 3.23 | 9.17 | |||
| PINS | 1.64 | (0.17) | 0.00 | (0.11) | 0.00 | 2.79 | 17.91 |
Millennium Group Corporate Executives
Elected by the shareholders, the Millennium Group's board of directors comprises two types of representatives: Millennium Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Millennium. The board's role is to monitor Millennium Group's management team and ensure that shareholders' interests are well served. Millennium Group'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, Millennium Group's outside directors are responsible for providing unbiased perspectives on the board's policies.