Malaga Financial Correlations

MLGF Stock

USD 21.60 0.05 0.23%

The current 90-days correlation between Malaga Financial and First Northern Community is -0.08 (i.e., Good diversification). The correlation of Malaga Financial 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.

Malaga Financial Correlation With Market

Poor diversification

The correlation between Malaga Financial and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Malaga Financial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Malaga Pink Sheet

0.76	AA	Alcoa Corp	Pair Corr
0.61	BA	Boeing	Pair Corr
0.7	WMT	Walmart Common Stock	Pair Corr

Moving against Malaga Pink Sheet

0.64	PBCRY	Bank Central Asia	Pair Corr
0.55	PTAIF	PT Astra International	Pair Corr
0.5	MSFT	Microsoft	Pair Corr
0.47	T	ATT Inc Earnings Call This Week	Pair Corr
0.4	PBCRF	PT Bank Central	Pair Corr
0.33	BKRKF	PT Bank Rakyat	Pair Corr
0.32	BKRKY	Bank Rakyat	Pair Corr

Related Correlations Analysis

	FNRN	TSCFY	FIZN	EXSR	MFGI	FFMH	FIEB	UBAB	FXLG	CCFN
FNRN		0.0	0.48	0.77	0.77	0.84	-0.54	-0.47	0.07	0.76	FNRN
TSCFY	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TSCFY
FIZN	0.48	0.0		0.37	0.42	0.58	-0.2	-0.13	-0.14	0.3	FIZN
EXSR	0.77	0.0	0.37		0.88	0.89	-0.84	-0.45	0.42	0.88	EXSR
MFGI	0.77	0.0	0.42	0.88		0.94	-0.78	-0.4	0.22	0.87	MFGI
FFMH	0.84	0.0	0.58	0.89	0.94		-0.76	-0.47	0.21	0.85	FFMH
FIEB	-0.54	0.0	-0.2	-0.84	-0.78	-0.76		0.5	-0.53	-0.79	FIEB
UBAB	-0.47	0.0	-0.13	-0.45	-0.4	-0.47	0.5		-0.19	-0.36	UBAB
FXLG	0.07	0.0	-0.14	0.42	0.22	0.21	-0.53	-0.19		0.35	FXLG
CCFN	0.76	0.0	0.3	0.88	0.87	0.85	-0.79	-0.36	0.35		CCFN
	FNRN	TSCFY	FIZN	EXSR	MFGI	FFMH	FIEB	UBAB	FXLG	CCFN

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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

FFMH	+ 0.94	MFGI
FFMH	+ 0.89	EXSR
MFGI	+ 0.88	EXSR
CCFN	+ 0.88	EXSR
CCFN	+ 0.87	MFGI
CCFN	+ 0.85	FFMH

High negative correlations

FIEB	- 0.84	EXSR
CCFN	- 0.79	FIEB
FIEB	- 0.78	MFGI
FIEB	- 0.76	FFMH
FIEB	- 0.54	FNRN
FXLG	- 0.53	FIEB

Risk-Adjusted Indicators

There is a big difference between Malaga Pink Sheet performing well and Malaga Financial 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 Malaga Financial'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
FNRN	0.26	0.06	0.06	1.34	0.08	(0.49)	1.00	(0.45)	3.04
TSCFY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FIZN	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50
EXSR	1.21	0.36	0.15	(0.72)	1.14	(1.72)	2.56	(2.22)	13.18
MFGI	0.61	0.24	0.18	(4.05)	0.33	(1.01)	1.57	(1.37)	4.97
FFMH	0.43	0.19	0.22	12.79	0.00	(0.75)	1.11	(0.60)	3.36
FIEB	0.22	(0.12)	0.00	(22.17)	0.00	0.00	0.00	(0.23)	6.00
UBAB	0.61	(0.05)	0.00	0.31	0.00	0.00	1.33	(1.56)	4.61
FXLG	0.29	0.01	(0.03)	0.18	0.36	(0.62)	0.96	(0.73)	2.67
CCFN	0.79	0.19	0.15	8.80	0.54	(1.36)	2.17	(1.37)	7.92

Be your own money manager

Our tools can tell you how much better you can do entering a position in Malaga Financial 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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Malaga Financial Corporate Management

Jasna Penich	CFO VP	Profile
Jerry Donahue	Corp Director	Profile
David Iwasaka	VP Controller	Profile
John Tellenbach	VP Operations	Profile
Randy Bowers	Pres Chairman	Profile
Sacha Ohara	Sr Operations	Profile
Mark Bustamante	VP Officer	Profile

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