AG Mortgage Correlations

MITP Stock

25.33 0.12 0.47%

The current 90-days correlation between AG Mortgage Investment and Spyre Therapeutics is 0.18 (i.e., Average diversification). The correlation of AG Mortgage 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.

AG Mortgage Correlation With Market

Significant diversification

The correlation between AG Mortgage Investment and DJI is 0.05 (i.e., Significant 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 MITP Stock

0.65	DX	Dynex Capital	Pair Corr
0.67	VACH	Voyager Acquisition Corp	Pair Corr
0.7	DPCS	DP Cap Acquisition	Pair Corr
0.78	RJF-PB	Raymond James Financial	Pair Corr

Moving against MITP Stock

0.74	FR	First Industrial Realty	Pair Corr
0.72	XP	Xp Inc	Pair Corr
0.71	O	Realty Income	Pair Corr
0.68	WY	Weyerhaeuser Fiscal Year End 23rd of January 2025	Pair Corr
0.53	AHT-PG	Ashford Hospitality Trust	Pair Corr
0.5	AHT-PI	Ashford Hospitality Trust	Pair Corr
0.47	AHT-PF	Ashford Hospitality Trust	Pair Corr
0.45	HR	Healthcare Realty Trust	Pair Corr
0.36	AHT-PH	Ashford Hospitality Trust	Pair Corr
0.73	VICI	VICI Properties	Pair Corr
0.67	ADC-PA	Agree Realty	Pair Corr
0.55	PSEC-PA	Prospect Capital	Pair Corr
0.49	VNO-PO	Vornado Realty Trust	Pair Corr
0.46	VNO-PL	Vornado Realty Trust	Pair Corr
0.36	VNO-PM	Vornado Realty Trust	Pair Corr
0.35	EMCGR	Embrace Change Acqui	Pair Corr

Related Correlations Analysis

	SYRE	REGN	MMSI	DH	PKIN	VMD	SIGI	ARDX
SYRE		0.57	-0.01	-0.02	-0.79	0.82	0.17	0.47	SYRE
REGN	0.57		-0.52	0.01	-0.81	0.56	-0.18	0.7	REGN
MMSI	-0.01	-0.52		0.48	0.38	0.19	0.75	-0.29	MMSI
DH	-0.02	0.01	0.48		0.24	0.36	0.66	0.06	DH
PKIN	-0.79	-0.81	0.38	0.24		-0.63	0.14	-0.51	PKIN
VMD	0.82	0.56	0.19	0.36	-0.63		0.43	0.37	VMD
SIGI	0.17	-0.18	0.75	0.66	0.14	0.43		-0.16	SIGI
ARDX	0.47	0.7	-0.29	0.06	-0.51	0.37	-0.16		ARDX
	SYRE	REGN	MMSI	DH	PKIN	VMD	SIGI	ARDX

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

VMD	+ 0.82	SYRE
SIGI	+ 0.75	MMSI
ARDX	+ 0.7	REGN
SIGI	+ 0.66	DH
REGN	+ 0.57	SYRE
VMD	+ 0.56	REGN

High negative correlations

PKIN	- 0.81	REGN
PKIN	- 0.79	SYRE
VMD	- 0.63	PKIN
MMSI	- 0.52	REGN
ARDX	- 0.51	PKIN
ARDX	- 0.29	MMSI

Risk-Adjusted Indicators

There is a big difference between MITP 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
SYRE	2.87	(0.24)	0.00	(0.47)	0.00	0.00	5.30	(8.31)	16.36
REGN	1.26	(0.53)	0.00	(11.17)	0.00	0.00	1.81	(3.43)	10.83
MMSI	0.92	0.03	0.03	0.07	1.17	(0.95)	2.07	(2.02)	7.20
DH	1.79	0.01	0.01	0.03	2.20	(1.99)	3.86	(4.02)	9.89
PKIN	0.07	0.02	0.00	0.52	0.00	0.00	0.00	0.00	2.08
VMD	1.45	(0.09)	0.00	(0.29)	0.00	0.00	3.30	(3.23)	10.21
SIGI	1.15	(0.01)	0.00	(0.04)	0.00	0.00	2.03	(2.27)	10.05
ARDX	3.10	(0.18)	0.00	(1.96)	0.00	0.00	6.36	(6.13)	33.99

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