MODG Old Correlations

MODGDelisted Stock

USD 14.68 0.07 0.47%

The current 90-days correlation between MODG Old and Polestar Automotive Holding is -0.01 (i.e., Good diversification). The correlation of MODG Old 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.

MODG Old Correlation With Market

Poor diversification

The correlation between MODG Old and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MODG Old and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MODG Old. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

Moving together with MODG Stock

0.8	AA	Alcoa Corp	Pair Corr
0.73	DD	Dupont De Nemours	Pair Corr
0.64	INTC	Intel Earnings Call This Week	Pair Corr
0.64	BA	Boeing Earnings Call This Week	Pair Corr
0.83	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.84	WMT	Walmart Common Stock Sell-off Trend	Pair Corr

Moving against MODG Stock

0.81	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.51	DOCKF	Beyond Medical Techn	Pair Corr

Related Correlations Analysis

	PSNY	FUN	KSS	OSW	OI	MCRI	WEN	BLBD	LUCK	SHCO
PSNY		0.79	-0.61	0.38	-0.53	-0.74	0.5	0.15	-0.13	-0.11	PSNY
FUN	0.79		-0.54	0.37	-0.59	-0.56	0.66	0.47	-0.06	0.09	FUN
KSS	-0.61	-0.54		-0.17	0.66	0.58	-0.18	-0.33	0.57	-0.04	KSS
OSW	0.38	0.37	-0.17		-0.21	-0.22	0.31	-0.08	0.08	-0.05	OSW
OI	-0.53	-0.59	0.66	-0.21		0.31	-0.24	-0.58	0.73	-0.25	OI
MCRI	-0.74	-0.56	0.58	-0.22	0.31		-0.2	0.15	0.16	0.22	MCRI
WEN	0.5	0.66	-0.18	0.31	-0.24	-0.2		0.38	0.2	-0.03	WEN
BLBD	0.15	0.47	-0.33	-0.08	-0.58	0.15	0.38		-0.3	0.25	BLBD
LUCK	-0.13	-0.06	0.57	0.08	0.73	0.16	0.2	-0.3		-0.13	LUCK
SHCO	-0.11	0.09	-0.04	-0.05	-0.25	0.22	-0.03	0.25	-0.13		SHCO
	PSNY	FUN	KSS	OSW	OI	MCRI	WEN	BLBD	LUCK	SHCO

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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

FUN	+ 0.79	PSNY
LUCK	+ 0.73	OI
WEN	+ 0.66	FUN
OI	+ 0.66	KSS
MCRI	+ 0.58	KSS
LUCK	+ 0.57	KSS

High negative correlations

MCRI	- 0.74	PSNY
KSS	- 0.61	PSNY
OI	- 0.59	FUN
BLBD	- 0.58	OI
MCRI	- 0.56	FUN
KSS	- 0.54	FUN

Risk-Adjusted Indicators

There is a big difference between MODG Stock performing well and MODG Old 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 MODG Old'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
PSNY	5.72	(0.47)	0.00	(0.30)	0.00	0.00	12.04	(14.88)	34.99
FUN	3.43	(0.42)	0.00	(0.11)	0.00	0.00	5.52	(6.75)	27.50
KSS	3.34	0.27	0.09	0.26	3.22	(3.81)	5.38	(5.71)	49.53
OSW	1.45	(0.09)	0.00	(0.02)	0.00	0.00	4.69	(2.86)	10.62
OI	1.89	0.31	0.15	0.31	1.77	(2.05)	4.16	(3.38)	18.50
MCRI	0.91	(0.14)	0.00	(0.17)	0.00	0.00	1.59	(2.00)	5.01
WEN	1.86	(0.14)	0.00	(0.03)	0.00	0.00	4.56	(3.13)	11.11
BLBD	1.45	(0.19)	0.00	(0.27)	0.00	0.00	2.18	(3.51)	12.97
LUCK	1.86	(0.09)	(0.01)	0.02	2.70	(1.80)	3.99	(3.70)	13.70
SHCO	0.58	0.01	(0.02)	0.19	1.62	(0.76)	1.13	(1.36)	12.23

The entity MODG Old with a symbol MODG was recently relisted or delisted. You can potentially use Callaway Golf with a symbol CALY. Please make sure the ticker renaming or change in the classification of MODG Old is not a temporary action by the exchange.

MODG Old Corporate Management

Glenn Hickey	Executive Golf	Profile
Maryam Morse	Chief Officer	Profile
Neil Howie	Middle Europe	Profile
Alan Hocknell	VP RD	Profile
Arthur III	Chief International	Profile
Rebecca Fine	Executive Officer	Profile
Mark Leposky	Executive Officer	Profile

Still Interested in MODG Old?

Investing in delisted delisted stocks can be risky, as the 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.

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