Mogo Correlations

MOGO Stock  USD 1.43  0.09  5.92%   
The current 90-days correlation between Mogo Inc and LiveVox Holdings is -0.09 (i.e., Good diversification). 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

Weak diversification

The correlation between Mogo Inc and DJI is 0.32 (i.e., Weak 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

  0.74EVTC EvertecPairCorr
  0.7FIVN Five9 IncPairCorr
  0.73FLYW Flywire CorpPairCorr

Moving against Mogo Stock

  0.58MQ MarqetaPairCorr
  0.49VERI VeritonePairCorr
  0.45DOCN DigitalOcean HoldingsPairCorr
  0.41VRNS Varonis SystemsPairCorr
  0.33VHAI VHAIPairCorr
  0.42FAASW DigiAsia Corp Symbol ChangePairCorr
  0.37FAAS DigiAsia Corp Symbol ChangePairCorr
  0.33DOX AmdocsPairCorr
  0.51TDC Teradata CorpPairCorr
  0.32VHC VirnetX Holding CorpPairCorr

Related Correlations Analysis

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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   
KLTRIMXI
EVTCKLTR
EVTCIMXI
NTCTKLTR
EVTCNTCT
RPAYKPLTW
  
High negative correlations   
MLGOMRDB
MLGOIMXI
MLGOKLTR
MLGOEVTC
LVOXIMXI
MRDBRPAY

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KPLTW  8.80  0.11  0.01  0.19  11.65 
 22.81 
 87.35 
IMXI  1.38  0.23  0.16  0.30  1.22 
 3.03 
 13.65 
LVOX  2.06  0.02  0.00  0.06  0.00 
 4.81 
 19.68 
BKKT  7.58  1.99  0.47  0.69  4.24 
 9.11 
 163.16 
KLTR  3.23  0.53  0.19  0.21  3.47 
 7.56 
 25.21 
RPAY  1.67 (0.23) 0.00 (0.03) 0.00 
 3.11 
 15.69 
NTCT  1.48 (0.12)(0.01) 0.04  1.77 
 3.23 
 10.35 
MRDB  0.97  0.16  0.01 (0.25) 1.11 
 1.92 
 7.73 
EVTC  1.18  0.05  0.03  0.14  1.46 
 2.43 
 7.67 
MLGO  7.10 (1.12) 0.00  1.95  0.00 
 21.74 
 61.79 

Mogo Corporate Management