Morgan Sindall Correlations

MGNS Stock

3,805 5.00 0.13%

The current 90-days correlation between Morgan Sindall Group and TechnipFMC PLC is -0.1 (i.e., Good diversification). The correlation of Morgan Sindall 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 Sindall Correlation With Market

Good diversification

The correlation between Morgan Sindall Group and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Morgan Sindall Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Morgan Sindall 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 Sindall 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 Sindall - 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 Sindall Group to buy it.

Moving together with Morgan Stock

0.66	0K7U	News Corp Cl	Pair Corr
0.88	0I9F	Digital Realty Trust	Pair Corr
0.7	DEC	Diversified Energy	Pair Corr

Moving against Morgan Stock

0.69	0HRR	CVR Energy	Pair Corr
0.54	0IC8	Dollar Tree	Pair Corr

Related Correlations Analysis

	0L3H	0Q1S	0RMV	0N7I	0QR1	AT	0A1O
0L3H		-0.44	0.64	0.36	0.46	-0.57	0.71	0L3H
0Q1S	-0.44		-0.11	0.12	-0.18	0.24	-0.43	0Q1S
0RMV	0.64	-0.11		0.54	0.25	-0.54	0.86	0RMV
0N7I	0.36	0.12	0.54		-0.05	-0.19	0.41	0N7I
0QR1	0.46	-0.18	0.25	-0.05		-0.17	0.32	0QR1
AT	-0.57	0.24	-0.54	-0.19	-0.17		-0.66	AT
0A1O	0.71	-0.43	0.86	0.41	0.32	-0.66		0A1O
	0L3H	0Q1S	0RMV	0N7I	0QR1	AT	0A1O

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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

0A1O	+ 0.86	0RMV
0A1O	+ 0.71	0L3H
0RMV	+ 0.64	0L3H
0N7I	+ 0.54	0RMV
0QR1	+ 0.46	0L3H
0A1O	+ 0.41	0N7I

High negative correlations

0A1O	- 0.66	AT
AT	- 0.57	0L3H
AT	- 0.54	0RMV
0Q1S	- 0.44	0L3H
0A1O	- 0.43	0Q1S
AT	- 0.19	0N7I

Risk-Adjusted Indicators

There is a big difference between Morgan Stock performing well and Morgan Sindall 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 Sindall'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
0L3H	0.96	0.09	(0.03)	16.53	1.24	(1.01)	2.16	(1.81)	9.25
0Q1S	0.96	0.11	(0.01)	15.89	1.41	(1.11)	2.06	(1.75)	7.89
0RMV	1.63	0.25	0.09	0.46	1.80	(1.62)	3.37	(3.06)	11.02
0N7I	1.16	0.10	(0.01)	0.88	1.12	(1.36)	2.68	(1.83)	6.32
0QR1	1.57	(0.03)	(0.06)	0.05	1.68	(2.02)	4.11	(2.94)	14.33
AT	2.46	(0.49)	0.00	(3.52)	0.00	0.00	5.73	(5.43)	18.06
0A1O	1.47	0.27	0.08	1.11	1.90	(1.57)	3.63	(2.65)	13.63

Be your own money manager

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

Elected by the shareholders, the Morgan Sindall's board of directors comprises two types of representatives: Morgan Sindall 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 Sindall's management team and ensure that shareholders' interests are well served. Morgan Sindall'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 Sindall's outside directors are responsible for providing unbiased perspectives on the board's policies.

Stephen Crummett	Executive Officer	Profile
Simon Smith	Managing Infrastructure	Profile
Helen Mason	General Secretary	Profile
Catherine Beaumont	Communications Manager	Profile
Les Turner	Head Division	Profile
Steve Coleby	Managing Housing	Profile

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