Melcor Developments Correlations
| MODVF Stock | USD 12.20 0.08 0.66% |
The correlation of Melcor Developments 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.
Melcor Developments Correlation With Market
Poor diversification
The correlation between Melcor Developments and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Melcor Developments and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Melcor Developments could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Melcor Developments 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 Melcor Developments - 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 Melcor Developments to buy it.
Moving together with Melcor Pink Sheet
| 0.81 | SLF | Sun Life Financial | PairCorr |
| 0.88 | BHE | Benchmark Electronics | PairCorr |
| 0.8 | PRA | ProAssurance | PairCorr |
| 0.87 | GRC | Gorman Rupp | PairCorr |
| 0.93 | GBOOY | Grupo Financiero Banorte | PairCorr |
| 0.95 | WEGRY | Weir Group PLC Earnings Call Tomorrow | PairCorr |
| 0.8 | GFR | Greenfire Resources | PairCorr |
| 0.82 | NPSCY | Nippon Steel Corp | PairCorr |
| 0.71 | CENT | Central Garden Pet | PairCorr |
| 0.82 | HYMC | Hycroft Mining Holding | PairCorr |
| 0.85 | HCBN | HCB Financial Corp | PairCorr |
| 0.84 | PNC | PNC Financial Services | PairCorr |
| 0.71 | TVFCF | Télévision Française | PairCorr |
| 0.8 | ODC | Oil Dri | PairCorr |
| 0.92 | CIG-C | Energy of Minas | PairCorr |
| 0.83 | EFSC | Enterprise Financial | PairCorr |
| 0.93 | WEICF | Weichai Power | PairCorr |
| 0.89 | FRPT | Freshpet | PairCorr |
| 0.76 | CSWC | Capital Southwest | PairCorr |
| 0.77 | NYT | New York Times | PairCorr |
| 0.77 | STMZF | Scottish Mortgage | PairCorr |
| 0.81 | HTCMF | Hitachi Construction | PairCorr |
| 0.71 | PCSC | Perceptive Capital | PairCorr |
| 0.86 | JOE | St Joe Company Earnings Call Today | PairCorr |
| 0.88 | STRS | Stratus Properties | PairCorr |
Moving against Melcor Pink Sheet
Related Correlations Analysis
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 Melcor Pink Sheet performing well and Melcor Developments 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 Melcor Developments' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AYAAY | 0.58 | 0.30 | 0.00 | (2.40) | 0.00 | 0.00 | 19.57 | |||
| WFICF | 0.74 | 0.13 | 0.00 | (1.03) | 0.00 | 5.76 | 11.28 | |||
| AGPYY | 1.58 | (0.90) | 0.00 | (0.81) | 0.00 | 0.00 | 52.79 | |||
| MDTWF | 0.11 | 0.02 | 0.00 | 0.64 | 0.00 | 0.00 | 3.76 | |||
| LSLPF | 0.17 | 0.02 | 0.00 | (1.40) | 0.00 | 0.00 | 9.60 | |||
| SIOLF | 2.20 | (0.09) | 0.00 | 0.15 | 0.00 | 0.00 | 98.03 | |||
| SOHOF | 0.43 | (0.21) | 0.00 | 1.59 | 0.00 | 0.00 | 14.29 | |||
| JPPSF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| GZUHF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PAZRF | 0.32 | 0.09 | 0.00 | (1.77) | 0.00 | 1.04 | 3.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Melcor Developments 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.Did you try this?
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Melcor Developments Corporate Management
| Nicole Forsythe | Director Communication | Profile | |
| Susan Keating | Community VicePres | Profile | |
| Guy Pelletier | VicePres Region | Profile | |
| Brett Halford | VicePres Properties | Profile | |
| Ryan Mott | Regional USA | Profile | |
| CA CA | CFO VP | Profile |