Mogo Correlations

MOGO Stock

USD 1.29 0.02 1.57%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mogo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mogo Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Mogo Correlation With Market

Significant diversification

The correlation between Mogo Inc and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mogo Inc 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 Mogo Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Mogo Stock

0.73	NN	Nextnav Acquisition Corp	Pair Corr
0.66	ZS	Zscaler	Pair Corr
0.68	EVTC	Evertec	Pair Corr
0.84	FIVN	Five9 Inc	Pair Corr
0.89	FLYW	Flywire Corp	Pair Corr
0.62	DLO	Dlocal Tech Boost	Pair Corr
0.62	GEN	Gen Digital Earnings Call Today	Pair Corr
0.81	FTNT	Fortinet Earnings Call This Week	Pair Corr
0.61	ODD	ODDITY Tech	Pair Corr
0.86	PAY	Paymentus Holdings	Pair Corr

Moving against Mogo Stock

0.72	VHAI	VHAI	Pair Corr
0.61	MQ	Marqeta	Pair Corr
0.58	VERI	Veritone	Pair Corr
0.31	VRNS	Varonis Systems Earnings Call This Week	Pair Corr
0.65	FAASW	DigiAsia Corp Symbol Change	Pair Corr
0.57	FAAS	DigiAsia Corp Symbol Change	Pair Corr
0.31	DOX	Amdocs Earnings Call This Week	Pair Corr
0.41	TCX	Tucows Inc	Pair Corr
0.38	TLS	Telos Corp	Pair Corr
0.33	SOS	SOS Limited	Pair Corr
0.32	VHC	VirnetX Holding Corp	Pair Corr

Related Correlations Analysis

	KPLTW	IMXI	LVOX	BKKT	KLTR	RPAY	NTCT	MRDB	EVTC	MLGO
KPLTW		-0.09	0.0	-0.05	0.17	-0.19	0.33	0.0	-0.4	-0.37	KPLTW
IMXI	-0.09		0.0	0.64	0.8	0.16	0.61	0.0	0.68	-0.37	IMXI
LVOX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	LVOX
BKKT	-0.05	0.64	0.0		0.76	-0.38	0.33	0.0	0.26	-0.67	BKKT
KLTR	0.17	0.8	0.0	0.76		-0.15	0.61	0.0	0.4	-0.64	KLTR
RPAY	-0.19	0.16	0.0	-0.38	-0.15		0.27	0.0	0.64	0.5	RPAY
NTCT	0.33	0.61	0.0	0.33	0.61	0.27		0.0	0.36	-0.4	NTCT
MRDB	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	MRDB
EVTC	-0.4	0.68	0.0	0.26	0.4	0.64	0.36	0.0		0.27	EVTC
MLGO	-0.37	-0.37	0.0	-0.67	-0.64	0.5	-0.4	0.0	0.27		MLGO
	KPLTW	IMXI	LVOX	BKKT	KLTR	RPAY	NTCT	MRDB	EVTC	MLGO

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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

KLTR	+ 0.8	IMXI
KLTR	+ 0.76	BKKT
EVTC	+ 0.68	IMXI
BKKT	+ 0.64	IMXI
EVTC	+ 0.64	RPAY
NTCT	+ 0.61	IMXI

High negative correlations

MLGO	- 0.67	BKKT
MLGO	- 0.64	KLTR
MLGO	- 0.4	NTCT
EVTC	- 0.4	KPLTW
RPAY	- 0.38	BKKT
MLGO	- 0.37	IMXI

Risk-Adjusted Indicators

There is a big difference between Mogo Stock performing well and Mogo 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 Mogo'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
KPLTW	12.26	2.89	0.15	2.10	12.52	(17.11)	50.88	(27.85)	108.80
IMXI	1.28	0.08	0.02	0.27	1.42	(1.44)	2.74	(2.38)	15.73
LVOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BKKT	8.32	2.23	0.26	(1.94)	7.00	(10.44)	12.56	(12.47)	175.69
KLTR	3.86	0.90	0.21	0.88	3.50	(5.00)	10.90	(7.19)	33.83
RPAY	1.66	(0.05)	0.00	(0.03)	0.00	0.00	4.33	(3.27)	15.69
NTCT	1.41	0.06	0.02	0.17	1.62	(1.44)	2.66	(2.71)	11.69
MRDB	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVTC	1.17	(0.05)	0.00	(0.06)	0.00	0.00	2.77	(2.30)	10.78
MLGO	7.34	(1.17)	0.00	5.57	0.00	0.00	21.30	(13.70)	79.99

Mogo Corporate Management

Taoufik Ezzaahhaf	Vice Carta	Profile
Philip Barrar	Chief Officer	Profile
Macully Clayton	VP Product	Profile
Justin Carter	Chief Officer	Profile
Alice Davidson	VP Officer	Profile
Allan Smith	Chief Officer	Profile

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