MLP Group Correlations

MLG Stock

96.00 2.40 2.44%

The current 90-days correlation between MLP Group SA and Izolacja Jarocin SA is 0.03 (i.e., Significant diversification). The correlation of MLP Group 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.

MLP Group Correlation With Market

Very poor diversification

The correlation between MLP Group SA and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MLP Group SA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MLP Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace MLP Group 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 MLP Group - 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 MLP Group SA to buy it.

Moving together with MLP Stock

0.88	IBS	Noble Financials	Pair Corr
0.88	SAN	Banco Santander SA	Pair Corr
0.89	PZU	Powszechny Zaklad	Pair Corr
0.91	UCG	UniCredit SpA	Pair Corr
0.83	SPL	Santander Bank Polska	Pair Corr
0.9	LPP	LPP SA	Pair Corr
0.86	PEO	Bank Polska Kasa Earnings Call This Week	Pair Corr
0.68	XTB	X Trade Brokers	Pair Corr
0.61	TRR	Termorex	Pair Corr
0.8	ENT	Enter Air SA	Pair Corr
0.66	DEL	Delko SA	Pair Corr
0.78	VRC	Vercom SA	Pair Corr
0.85	KGH	KGHM Polska Miedz	Pair Corr
0.71	ATP	Atlanta Poland SA	Pair Corr
0.67	WWL	WAWEL SA	Pair Corr
0.75	KRU	Kruk SA	Pair Corr
0.73	MIL	Bank Millennium SA	Pair Corr
0.64	CAR	Inter Cars SA	Pair Corr
0.79	ALL	Ailleron SA	Pair Corr
0.88	ALR	Alior Bank SA	Pair Corr

Moving against MLP Stock

0.89	GTC	Globe Trade Centre	Pair Corr
0.45	CEZ	CEZ as	Pair Corr

Related Correlations Analysis

	MLG	IBS	ENT	ALR	MIL	CAR	WWL	KGH	IZO
MLG		0.88	0.8	0.88	0.73	0.64	0.67	0.85	0.74	MLG
IBS	0.88		0.92	0.85	0.77	0.78	0.78	0.93	0.72	IBS
ENT	0.8	0.92		0.87	0.8	0.92	0.91	0.95	0.71	ENT
ALR	0.88	0.85	0.87		0.9	0.81	0.83	0.85	0.73	ALR
MIL	0.73	0.77	0.8	0.9		0.76	0.78	0.77	0.56	MIL
CAR	0.64	0.78	0.92	0.81	0.76		0.93	0.87	0.66	CAR
WWL	0.67	0.78	0.91	0.83	0.78	0.93		0.86	0.71	WWL
KGH	0.85	0.93	0.95	0.85	0.77	0.87	0.86		0.75	KGH
IZO	0.74	0.72	0.71	0.73	0.56	0.66	0.71	0.75		IZO
	MLG	IBS	ENT	ALR	MIL	CAR	WWL	KGH	IZO

Risk-Adjusted Indicators

There is a big difference between MLP Stock performing well and MLP Group 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 MLP Group'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
MLG	1.14	0.27	0.14	1.89	1.16	(1.46)	3.17	(2.44)	7.83
IBS	1.63	0.39	0.15	(0.92)	1.39	(2.42)	6.38	(3.86)	18.28
ENT	1.12	0.28	0.20	1.53	0.86	(1.41)	3.67	(1.60)	7.80
ALR	1.24	0.22	0.14	1.29	1.09	(1.55)	3.25	(2.06)	8.91
MIL	1.44	0.08	0.01	0.64	1.67	(1.53)	3.52	(2.81)	8.45
CAR	1.26	0.18	0.09	1.61	1.16	(1.74)	3.21	(2.43)	7.39
WWL	1.19	0.29	0.17	3.97	0.90	(1.65)	3.61	(2.31)	8.23
KGH	2.54	0.83	0.19	2.22	3.17	(2.77)	6.23	(5.99)	19.08
IZO	1.11	0.14	0.04	(2.64)	1.34	(1.50)	2.83	(2.51)	11.36

Be your own money manager

Our tools can tell you how much better you can do entering a position in MLP Group 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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MLP Group Corporate Management

Elected by the shareholders, the MLP Group's board of directors comprises two types of representatives: MLP Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of MLP. The board's role is to monitor MLP Group's management team and ensure that shareholders' interests are well served. MLP Group'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, MLP Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Michael Shapiro	VP Board	Profile
Monika Dobosz	Member Board	Profile
Tomasz Zabost	Member Board	Profile
Agnieszka Gozdz	Member Board	Profile

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