Mundus Correlations

MNDP Stock

USD 0.0007 0.00 0.00%

The correlation of Mundus 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.

Mundus Correlation With Market

Excellent diversification

The correlation between Mundus Group and DJI is -0.53 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mundus Group and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Mundus Pink Sheet

0.59	AA	Alcoa Corp	Pair Corr
0.54	JPM	JPMorgan Chase	Pair Corr
0.52	GE	GE Aerospace	Pair Corr
0.5	CAT	Caterpillar Earnings Call Tomorrow	Pair Corr
0.49	DD	Dupont De Nemours	Pair Corr
0.46	LION	Lionsgate Studios Holding	Pair Corr
0.46	BAC	Bank of America	Pair Corr
0.41	CVX	Chevron Corp Earnings Call This Week	Pair Corr
0.38	PBAJ	Petro Usa	Pair Corr
0.36	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.33	INTC	Intel Buyout Trend	Pair Corr
0.32	WMT	Walmart Common Stock	Pair Corr

Related Correlations Analysis

	QYBX	ICTY	SVLT	IVFZF	VCOR	AGGI	CCAJ	STQN	BCII	CRVH
QYBX		0.13	0.57	0.04	0.0	-0.15	-0.27	-0.34	0.29	-0.43	QYBX
ICTY	0.13		0.28	-0.17	0.0	-0.29	-0.18	-0.13	-0.13	-0.31	ICTY
SVLT	0.57	0.28		-0.03	0.0	-0.34	-0.33	-0.4	0.21	-0.57	SVLT
IVFZF	0.04	-0.17	-0.03		0.0	0.49	-0.55	-0.68	0.35	0.12	IVFZF
VCOR	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	VCOR
AGGI	-0.15	-0.29	-0.34	0.49	0.0		-0.11	-0.12	-0.13	0.58	AGGI
CCAJ	-0.27	-0.18	-0.33	-0.55	0.0	-0.11		0.85	-0.29	0.14	CCAJ
STQN	-0.34	-0.13	-0.4	-0.68	0.0	-0.12	0.85		-0.39	0.15	STQN
BCII	0.29	-0.13	0.21	0.35	0.0	-0.13	-0.29	-0.39		-0.35	BCII
CRVH	-0.43	-0.31	-0.57	0.12	0.0	0.58	0.14	0.15	-0.35		CRVH
	QYBX	ICTY	SVLT	IVFZF	VCOR	AGGI	CCAJ	STQN	BCII	CRVH

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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

STQN	+ 0.85	CCAJ
CRVH	+ 0.58	AGGI
SVLT	+ 0.57	QYBX
AGGI	+ 0.49	IVFZF
BCII	+ 0.35	IVFZF
BCII	+ 0.29	QYBX

High negative correlations

STQN	- 0.68	IVFZF
CRVH	- 0.57	SVLT
CCAJ	- 0.55	IVFZF
CRVH	- 0.43	QYBX
STQN	- 0.4	SVLT
BCII	- 0.39	STQN

Risk-Adjusted Indicators

There is a big difference between Mundus Pink Sheet performing well and Mundus 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 Mundus' 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
QYBX	6.21	0.38	0.02	0.39	8.93	(26.11)	16.67	(20.59)	117.36
ICTY	5.99	0.49	0.01	(0.22)	8.59	(33.33)	33.33	(25.00)	58.33
SVLT	3.19	0.30	0.00	0.37	0.00	0.00	0.00	0.00	116.67
IVFZF	2.52	0.36	0.00	0.23	0.00	0.00	0.00	0.00	105.00
VCOR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AGGI	1.96	0.07	0.00	(0.08)	0.00	0.00	8.00	(7.41)	42.93
CCAJ	17.44	4.87	0.23	1.23	11.60	(49.26)	66.67	(23.08)	179.65
STQN	0.97	0.46	0.00	1.73	0.00	0.00	0.00	0.00	32.61
BCII	8.45	0.42	0.04	0.28	9.43	(12.17)	23.08	(18.75)	50.79
CRVH	10.15	2.22	0.07	0.80	11.77	(43.81)	15.66	(13.91)	207.30

Be your own money manager

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