Mitek Systems Correlations
| MKQ Stock | EUR 9.78 0.17 1.77% |
The current 90-days correlation between Mitek Systems and SmarTone Telecommunications Holdings is -0.04 (i.e., Good diversification). The correlation of Mitek Systems 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.
Mitek Systems Correlation With Market
Poor diversification
The correlation between Mitek Systems and DJI is 0.74 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitek Systems and DJI in the same portfolio, assuming nothing else is changed.
Mitek |
The ability to find closely correlated positions to Mitek Systems could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mitek Systems 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 Mitek Systems - 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 Mitek Systems to buy it.
Moving together with Mitek Stock
| 0.71 | SSUN | Samsung Electronics | PairCorr |
| 0.67 | SSU | Samsung Electronics | PairCorr |
| 0.69 | SSU | Samsung Electronics | PairCorr |
| 0.68 | SSUN | Samsung Electronics | PairCorr |
| 0.72 | H3M | Hochschild Mining plc | PairCorr |
| 0.66 | GCB | PTT Global Chemical Earnings Call This Week | PairCorr |
| 0.76 | 4HF | Hoist Finance AB | PairCorr |
| 0.74 | UEO | Westlake Chemical | PairCorr |
| 0.63 | 5P8 | Blue Foundry Bancorp Earnings Call Today | PairCorr |
| 0.7 | NEF | NESTE OIL | PairCorr |
| 0.74 | XSI | Sanyo Chemical Industries | PairCorr |
| 0.7 | 943 | FREY EO 250 | PairCorr |
| 0.66 | GZF | Engie SA | PairCorr |
| 0.65 | WWR | Woolworths Group | PairCorr |
| 0.64 | 4OQ1 | AGNC Investment Corp | PairCorr |
Moving against Mitek Stock
| 0.69 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.62 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.53 | BZG2 | PT Bank Central | PairCorr |
| 0.48 | BDD | CONICO LTD Split | PairCorr |
| 0.33 | BZG2 | BANK CENTRAL ASIA | PairCorr |
| 0.33 | SOBA | ATT Inc | PairCorr |
| 0.8 | DBPD | Xtrackers ShortDAX | PairCorr |
| 0.59 | SNB1 | SOCKET MOBILE NEW | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between Mitek Stock performing well and Mitek Systems 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 Mitek Systems' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMA | 0.98 | 0.03 | (0.02) | (0.16) | 1.84 | 1.96 | 13.92 | |||
| ITB | 0.91 | 0.09 | 0.03 | 0.30 | 1.14 | 1.96 | 5.25 | |||
| BAC | 1.11 | 0.34 | 0.16 | (0.52) | 0.95 | 2.17 | 12.89 | |||
| EV9 | 2.71 | 0.67 | 0.25 | 1.33 | 2.02 | 8.06 | 30.72 | |||
| HLIA | 3.59 | 0.75 | 0.14 | (0.81) | 3.23 | 11.11 | 24.88 | |||
| SIT4 | 1.35 | 0.24 | 0.06 | (0.78) | 1.54 | 3.67 | 9.74 | |||
| OGM1 | 4.36 | (0.33) | 0.00 | 0.38 | 0.00 | 7.43 | 39.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mitek Systems 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.Did you try this?
Run Correlation Analysis Now
Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
| All Next | Launch Module |
Mitek Systems Corporate Management
Elected by the shareholders, the Mitek Systems' board of directors comprises two types of representatives: Mitek Systems inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mitek. The board's role is to monitor Mitek Systems' management team and ensure that shareholders' interests are well served. Mitek Systems' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mitek Systems' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jason JD | Chief Officer | Profile | |
| Scott Marcus | G Counsel | Profile | |
| David Lyle | Chief Officer | Profile | |
| Scipio Carnecchia | CEO Director | Profile | |
| Stephen Ritter | Chief Officer | Profile | |
| Michael Diamond | GM Banking | Profile |