AG Mortgage Correlations

MITN Stock

25.43 0.02 0.08%

The current 90-days correlation between AG Mortgage Investment and Aris Water Solutions is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AG Mortgage moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AG Mortgage Investment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

AG Mortgage Correlation With Market

Good diversification

The correlation between AG Mortgage Investment and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AG Mortgage Investment 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 AG Mortgage Investment. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with MITN Stock

0.67	DX	Dynex Capital Earnings Call This Week	Pair Corr
0.62	GS	Goldman Sachs Group	Pair Corr
0.66	LB	LandBridge Company	Pair Corr
0.62	PX	P10 Inc	Pair Corr
0.74	VACH	Voyager Acquisition Corp	Pair Corr
0.63	DMYY	dMY Squared Technology	Pair Corr
0.7	DPCS	DP Cap Acquisition	Pair Corr
0.88	RJF-PB	Raymond James Financial	Pair Corr

Moving against MITN Stock

0.79	XP	Xp Inc	Pair Corr
0.74	O	Realty Income	Pair Corr
0.64	FR	First Industrial Realty	Pair Corr
0.59	WY	Weyerhaeuser Earnings Call Today	Pair Corr
0.56	HR	Healthcare Realty Trust	Pair Corr
0.45	AC	Associated Capital	Pair Corr
0.41	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.38	WT	WisdomTree	Pair Corr
0.36	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.35	DHIL	Diamond Hill Investment	Pair Corr
0.81	ADC-PA	Agree Realty	Pair Corr
0.77	PSEC-PA	Prospect Capital	Pair Corr
0.73	VICI	VICI Properties	Pair Corr
0.68	VNO-PO	Vornado Realty Trust	Pair Corr
0.56	VNO-PL	Vornado Realty Trust	Pair Corr
0.52	VNO-PM	Vornado Realty Trust	Pair Corr
0.52	VINP	Vinci Partners Inves	Pair Corr
0.43	VNO-PN	Vornado Realty Trust	Pair Corr

Related Correlations Analysis

	ARIS	TGS	TSLA	PCAR	BWA	ATO	PCYO	RACE
ARIS		0.81	0.79	0.72	-0.26	0.37	0.68	-0.84	ARIS
TGS	0.81		0.84	0.42	-0.51	0.07	0.62	-0.83	TGS
TSLA	0.79	0.84		0.34	-0.56	-0.09	0.5	-0.77	TSLA
PCAR	0.72	0.42	0.34		0.37	0.6	0.68	-0.4	PCAR
BWA	-0.26	-0.51	-0.56	0.37		0.46	0.17	0.53	BWA
ATO	0.37	0.07	-0.09	0.6	0.46		0.51	-0.11	ATO
PCYO	0.68	0.62	0.5	0.68	0.17	0.51		-0.54	PCYO
RACE	-0.84	-0.83	-0.77	-0.4	0.53	-0.11	-0.54		RACE
	ARIS	TGS	TSLA	PCAR	BWA	ATO	PCYO	RACE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

TSLA	+ 0.84	TGS
TGS	+ 0.81	ARIS
TSLA	+ 0.79	ARIS
PCAR	+ 0.72	ARIS
PCYO	+ 0.68	ARIS
PCYO	+ 0.68	PCAR

High negative correlations

RACE	- 0.84	ARIS
RACE	- 0.83	TGS
RACE	- 0.77	TSLA
BWA	- 0.56	TSLA
RACE	- 0.54	PCYO
BWA	- 0.51	TGS

Risk-Adjusted Indicators

There is a big difference between MITN Stock performing well and AG Mortgage 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 AG Mortgage'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
ARIS	2.80	0.96	0.38	0.37	1.83	(3.28)	6.46	(4.37)	32.63
TGS	2.22	0.65	0.23	(1.38)	2.23	(2.51)	6.03	(3.50)	18.61
TSLA	3.66	1.06	0.33	6.59	2.74	(4.86)	8.22	(5.77)	30.20
PCAR	1.22	0.08	0.04	0.15	1.46	(1.35)	2.35	(2.64)	10.82
BWA	1.32	(0.15)	0.00	(0.37)	0.00	0.00	2.42	(3.14)	7.00
ATO	0.81	(0.03)	0.00	(0.08)	0.00	0.00	1.94	(1.78)	5.58
PCYO	1.91	0.06	0.02	0.17	2.20	(2.18)	5.34	(3.42)	17.93
RACE	1.10	(0.12)	0.00	0.61	0.00	0.00	2.19	(2.54)	9.55

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

2024 Macroaxis LLC