Mullen Correlations

MLLGF Stock

USD 12.71 0.41 3.33%

The current 90-days correlation between Mullen Group and Pioneer Oil Gas is -0.01 (i.e., Good diversification). The correlation of Mullen 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.

Mullen Correlation With Market

Almost no diversification

The correlation between Mullen Group and DJI is 0.93 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mullen Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Mullen Pink Sheet

0.81	IRNRF	Iron Road Limited	Pair Corr
0.64	NTZ	Natuzzi SpA	Pair Corr
0.8	BFS	Saul Centers Earnings Call This Week	Pair Corr
0.74	MTGRF	Mount Gibson Iron	Pair Corr
0.75	CAMZF	Camino Minerals	Pair Corr
0.68	LAND	Gladstone Land Earnings Call Tomorrow	Pair Corr
0.72	AES	AES Earnings Call This Week	Pair Corr
0.8	TOGOF	TomaGold	Pair Corr
0.72	INTC	Intel	Pair Corr
0.92	MEEEF	Metal Energy Corp	Pair Corr
0.68	NNBR	NN Inc	Pair Corr
0.92	USPH	US Physicalrapy	Pair Corr
0.83	JOE	St Joe Company Earnings Call This Week	Pair Corr
0.85	TSM	Taiwan Semiconductor	Pair Corr
0.81	FRFFF	Fairfax Financial	Pair Corr
0.8	TATT	Tat Techno	Pair Corr
0.83	CGECF	Cogeco Inc	Pair Corr
0.73	DUK-PA	Duke Energy	Pair Corr
0.69	UMAC	Unusual Machines Tech Boost	Pair Corr

Moving against Mullen Pink Sheet

0.6	AFIIQ	Armstrong Flooring	Pair Corr
0.56	GBHPF	Global Hemp Group	Pair Corr
0.36	EPGG	Empire Global Gaming	Pair Corr

Related Correlations Analysis

	SKPO	MKGP	DLTA	SSOF	SMGI	POOSF	NFEI	POGS
SKPO		-0.15	0.0	0.08	-0.05	0.0	-0.27	0.02	SKPO
MKGP	-0.15		0.0	-0.12	0.31	0.0	0.25	-0.23	MKGP
DLTA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	DLTA
SSOF	0.08	-0.12	0.0		0.2	0.0	0.01	0.03	SSOF
SMGI	-0.05	0.31	0.0	0.2		0.0	0.05	0.2	SMGI
POOSF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	POOSF
NFEI	-0.27	0.25	0.0	0.01	0.05	0.0		-0.23	NFEI
POGS	0.02	-0.23	0.0	0.03	0.2	0.0	-0.23		POGS
	SKPO	MKGP	DLTA	SSOF	SMGI	POOSF	NFEI	POGS

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

SMGI	+ 0.31	MKGP
NFEI	+ 0.25	MKGP
SMGI	+ 0.2	SSOF
POGS	+ 0.2	SMGI
SSOF	+ 0.08	SKPO
NFEI	+ 0.05	SMGI

High negative correlations

NFEI	- 0.27	SKPO
POGS	- 0.23	NFEI
POGS	- 0.23	MKGP
MKGP	- 0.15	SKPO
SSOF	- 0.12	MKGP
SMGI	- 0.05	SKPO

Risk-Adjusted Indicators

There is a big difference between Mullen Pink Sheet performing well and Mullen 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 Mullen'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
SKPO	6.50	1.98	0.13	1.50	4.53	(37.85)	26.09	(13.79)	129.02
MKGP	8.04	0.64	0.03	(1.80)	9.51	(18.31)	26.00	(20.69)	62.16
DLTA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSOF	6.58	0.66	0.04	0.36	7.16	(31.84)	28.57	(16.67)	102.22
SMGI	1.66	0.58	0.00	(0.05)	0.00	0.00	0.00	0.00	78.10
POOSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NFEI	6.18	(1.43)	0.00	(0.46)	0.00	0.00	2.00	(5.66)	215.43
POGS	5.11	1.26	0.00	0.90	0.00	0.00	15.58	(6.67)	97.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in Mullen 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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