Maiden Holdings Correlations

Stocks . USA . 
Stock . Maiden Holdings
MHLA Stock  USD 16.93  0.00  0.00%   
The current 90-days correlation between Maiden Holdings and Maiden Holdings North is 0.34 (i.e., Weak diversification). The correlation of Maiden Holdings 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.

Maiden Holdings Correlation With Market

Average diversification

The correlation between Maiden Holdings 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 Maiden Holdings 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 Maiden Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Maiden Stock refer to our How to Trade Maiden Stock guide.

Moving together with Maiden Stock

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  0.77FIS Fidelity NationalPairCorr
  0.88RCB Ready CapitalPairCorr
  0.66SWKHL SWK HoldingsPairCorr
  0.78OXSQG Oxford Square CapitalPairCorr
  0.74NEWTG NewtekOne, 850 percentPairCorr
  0.73RWAYL MSCI ACWI exAUCONSUMERPairCorr

Moving against Maiden Stock

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  0.44FAAS DigiAsia Corp Symbol ChangePairCorr
  0.51MCAGR Mountain Crest AcquiPairCorr
  0.48KSPI Joint StockPairCorr
  0.46NVACR NorthView AcquisitionPairCorr
  0.36OSCR Oscar HealthPairCorr
  0.35RFACR RF Acquisition CorpPairCorr
  0.33BLACR Bellevue Life SciencesPairCorr
  0.31BLEUR bleuacacia ltd RightsPairCorr

Related Correlations Analysis

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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   
SOJC
+ 0.76
RZB
SOJC
+ 0.72
EAI
ENO
+ 0.65
EAI
ENO
+ 0.61
RZB
EAI
+ 0.59
RZB
SOJC
+ 0.41
ENO
  
High negative correlations   
SOJC
- 0.35
MHNC
EAI
- 0.16
MHNC

Risk-Adjusted Indicators

There is a big difference between Maiden Stock performing well and Maiden Holdings 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 Maiden Holdings' 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.

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