Mars Bancorp Correlations
| MNBPDelisted Stock | USD 12.85 0.00 0.00% |
The current 90-days correlation between Mars Bancorp and Potomac Bancshares is 0.18 (i.e., Average diversification). The correlation of Mars Bancorp 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.
Mars Bancorp Correlation With Market
Good diversification
The correlation between Mars Bancorp and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mars Bancorp and DJI in the same portfolio, assuming nothing else is changed.
Mars |
The ability to find closely correlated positions to Mars Bancorp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mars Bancorp 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 Mars Bancorp - 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 Mars Bancorp to buy it.
Moving together with Mars OTC Stock
| 0.66 | CIHHF | China Merchants Bank | PairCorr |
| 0.74 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.76 | BNPQY | BNP Paribas SA | PairCorr |
| 0.74 | BNPQF | BNP Paribas SA | PairCorr |
Moving against Mars OTC Stock
| 0.73 | AMZN | Amazon Inc Aggressive Push | PairCorr |
| 0.7 | LGCY | Legacy Education | PairCorr |
| 0.63 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.6 | USB-PH | US Bancorp | PairCorr |
| 0.57 | GOOG | Alphabet Class C Aggressive Push | PairCorr |
| 0.34 | AAPL | Apple Inc | PairCorr |
| 0.34 | MSFT | Microsoft Aggressive Push | PairCorr |
| 0.77 | WMT | Walmart | PairCorr |
| 0.77 | MUFG | Mitsubishi UFJ Financial Sell-off Trend | PairCorr |
| 0.75 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.74 | HBI | Hanesbrands Sell-off Trend | PairCorr |
| 0.73 | TATT | Tat Techno | PairCorr |
| 0.72 | OPFI | OppFi Inc | PairCorr |
| 0.7 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.68 | KODK | Eastman Kodak | PairCorr |
| 0.67 | ACHR | Archer Aviation | PairCorr |
| 0.67 | ZVIA | Zevia Pbc | PairCorr |
| 0.66 | MO | Altria Group | PairCorr |
| 0.63 | MITQ | Moving iMage Technologies | PairCorr |
| 0.59 | PAGP | Plains GP Holdings Sell-off Trend | PairCorr |
| 0.49 | ITCI | Intracellular Th Trending | PairCorr |
| 0.41 | META | Meta Platforms | PairCorr |
| 0.81 | CLS | Celestica | PairCorr |
| 0.78 | RNMBF | Rheinmetall AG | PairCorr |
| 0.76 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.74 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.73 | FSK | FS KKR Capital | PairCorr |
| 0.71 | AXP | American Express Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Mars OTC Stock performing well and Mars Bancorp OTC Stock 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 Mars Bancorp'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTBS | 1.21 | 0.14 | 0.04 | 1.64 | 1.88 | 3.32 | 17.30 | |||
| APLO | 0.84 | (0.22) | 0.00 | (0.58) | 0.00 | 1.64 | 10.50 | |||
| FBPA | 0.38 | 0.08 | 0.05 | 1.62 | 0.39 | 1.78 | 6.99 | |||
| WVFC | 0.20 | (0.04) | 0.00 | (0.71) | 0.00 | 0.72 | 1.44 | |||
| PKKW | 0.95 | (0.01) | 0.00 | 0.26 | 0.00 | 2.40 | 13.06 | |||
| CTYP | 1.09 | 0.39 | 0.10 | (1.65) | 0.96 | 3.09 | 11.88 | |||
| CCFC | 0.63 | (0.22) | 0.00 | 0.88 | 0.00 | 0.60 | 14.18 | |||
| BKUT | 0.91 | 0.31 | 0.12 | 4.40 | 0.61 | 1.79 | 13.93 | |||
| DWNX | 0.19 | 0.01 | (0.02) | (0.42) | 0.21 | 0.49 | 1.65 | |||
| FSMK | 0.73 | (0.06) | 0.00 | (0.47) | 0.00 | 1.85 | 11.22 |
View Mars Bancorp Related Equities
| Risk & Return | Correlation |
Still Interested in Mars Bancorp?
Investing in delisted otcs can be risky, as the otc stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.